What is Instabox? Instabox Review, Features

Instabox was founded in Sweden in 2015 and operates the largest parcel locker network in Northern Europe. It uses parcel lockers to distribute e-commerce items to consumers and provides door-to-door delivery services.

Development Status

From 2019 to the end of 2020, Instabox's sales increased from 6.14 million euros to 24 million euros, and the number of users increased by more than 150%.

During 2020, nearly one in five Swedes used Instabox, which more than doubled its number of lockers in just one year and recruited more than 700 employees.

Instabox raised 75 million euros in Series B funding led by EQT Ventures in February, acquired Dutch express company Red je Pakketje in April, successfully entered the Dutch market, and plans to install nearly 3,000 express lockers in the Netherlands within two years.