Loggi raises $205M funding round

LatamListLoggi, a Brazilian delivery startup, raised a $205M funding round led by CapSur Capital. Many previous investors also participated, as well as Brazilian hedge fund Verde Asset Management.

Loggi is a last-mile logistics company that operates a delivery dashboard to help companies optimize their delivery management and efficiency. The startup experienced huge demand during the global pandemic and has more than tripled deliveries in the last two years.

Loggi marks Verde Asset Management’s first non-publicly traded company investment, showing a new interest from local asset managers to make private-equity bets.

“We’ve been in touch with Verde for years and their track record speaks for itself. They’ll help prepare Loggi for its next steps. Going public is one of the options ahead,” said Thibaud Lecuyer, CFO of Loggi.

Loggi plans to use the funding to expand its network of logistics centers and invest in the platform’s technology. This is the largest funding round so far for the startup, and the company now values close to $2B.

Read more on Bloomberg.

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