Ybil’s Logistics Compliance Innovation Wins an Investment Prize at TechChill Founders Battle

• At TechChill Founders Battle, Ybil won LatBAN’s investment prize for its digital transformation of logistics
• The startup is founded by logistics and IT experts addressing Europe’s paper-heavy freight system
• The platform digitizes documents and introduces insurance innovation using logistics data
• With this investment prize, Ybil plans to expand across Europe, leveraging EU eFTI regulation-driven transformation

This March, Riga’s Hanzas Perons welcomed over 2,300 founders, investors, talent, and tech enthusiasts at TechChill Riga 2026. Arguably the biggest attraction was the Founders Battle which awarded four standout teams with cash/investment prizes. Among them was Ybil, the Estonian logistics digitalization platform. The team secured a 150K EUR investment prize from the Latvian Business Angels Network (LatBAN).

From Logistics Reality to Startup Vision

Ybil’s founding team consists of five entrepreneurs, logistics experts, and IT experts, who share the in-depth understanding of logistics companies’ needs and the passion to make logistics paperless. The startup’s co-founder and CEO Kalev Reiljan points out how surprised people from outside the logistics space get when they see how many logistics documents still need to be printed today (e.g., 99% of freight documents in international road transport are still paper-based, leading to millions of pages getting printed out every day).

In response to this, Ybil came up with a digital compliance platform that helps logistics companies and cargo shippers to get rid of paper, save cost, and speed up shipment times. The platform includes services like logistics document digitalization and usage-based logistics insurance.

‘One of the triggers for us has been the new EU eFTI regulation that mandates the use of digital freight documents. It will be implemented in 2027 and suggests a strong regulatory environment for businesses like Ybil,’ Mr Reiljan points out.

Investor Perspective on Ybil’s Strengths

LatBAN’s managing director Emils Kragis tells ITKeyMedia that what stood out to his team about Ybil was the combination of a real, well-understood problem and a team that had already lived it from the inside.

‘Having grown directly out of years of hands-on experience running logistics operations gives the Ybil team the depth of domain knowledge that’s hard to replicate. Their approach, digitizing consignment notes and transport management in a way that works for all parties simultaneously, from dispatcher to driver to recipient, solves a genuine friction point with which every freight company in Europe has to deal. Add to that the EU’s regulatory push toward digital transport documentation, and the timing couldn’t be better,’ the investor continues.

Apart from digitizing documents, the LatBAN team admits to being impressed by Ybil’s vision for their competitive advantage: insurance digitalization for the same customer segment by using the data that they are able to collect from digital documentation. For Mr Kragis and his colleagues, this is exactly the kind of company they look for: a founding team with credibility in their sector, a product already in daily use, and a clear path to scaling across a market that’s large and ready for change.

Plans for a Paperless Future for Logistics

According to Mr Reiljan, Ybil will invest about 40% of its investment prize in product development, 40% in business development, and 20% in customer support and CX. As for the geographic expansion, the startup’s upcoming destinations include Spain, Latvia, and Lithuania.

‘We’ve had excellent and meaningful conversations with the founders of Shealed and No-CFO. Shealed is solving a very concrete healthcare challenge which is always a noble cause, and No-CFO is a kind of service I would like to use in Ybil,’ Mr Reiljan shares.

Ybil demonstrates how long-standing inefficiencies in logistics can be transformed through a practical, regulation-aligned digital solution that directly addresses industry-wide pain points. Its recognition at the TechChill Founders Battle underscores both the urgency of moving away from paper-based processes and the strength of a team deeply-rooted in real-life operational experience. As the EU accelerates digital freight requirements, Ybil is well positioned to play a key role in shaping a more efficient, transparent, and scalable logistics ecosystem.