CapSur Capital led a ~USD205m round for Brazil-based delivery logistics unicorn Loggi, with follow-on from monashees, SoftBank, GGV, Microsoft, and Sunley House at a reported USD2b valuation. SoftBank led a USD150m round in 2019 at a reported USD1b valuation, and a USD111m round in 2018; KaszeK Ventures, Iporanga Investimentos, Qualcomm Ventures, and Dragoneer Investment Group are also investors.
(Bloomberg) – Brazilian delivery startup Loggi Tecnologia Ltda, which is backed by SoftBank Group Corp. and Microsoft Corp., raised 1.15 billion reais ($205 million) in its latest funding round that now values the company at close to $2 billion.
The new round, the company’s largest yet, was led by CapSur Capital and included renowned Brazilian hedge fund manager Luis Stuhlberger’s Verde Asset Management among the backers for the first time, the firm said. About 75% of current investors participated, according to the firm.
Sao Paulo-based Loggi, which competes in Brazil with Colombian delivery startup Rappi SAS, plans to use the funds to boost its investments in technology and expand its network with new logistic centers, Chief Financial Officer Thibaud Lecuyer said in an interview.
Read more at Bloomberg.