Oak HC/FT led a USD82m Series C for 99minutos, a Mexico-based last-mile logistics platform for e-commerce vendors, with follow-on from KASZEK and Prosus Ventures. Prosus led a USD40m Series B in June 2021; Engie Factory invested previously. 

(TechCrunch) – 99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures.

The last round follows a $40 million Series B investment last May from Prosus and Kaszek and brings the company’s total funding to about $128.7 million. It was then that we learned about the origins of the Mexico City-based company, founded by CEO Alexis Patjane, who had been running a food truck-making business in Mexico.

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