Northgate Capital invests in iVoy

LatamListiVoy, the leading Mexican next-day delivery startup, announced a new investment from Northgate Capital. The investment was made through the firm’s second Mexican Growth Fund (Fondo de Capital de Crecimiento en Mexico).

iVoy is a digital delivery logistics platform that aims to transform the outdated traditional delivery system in Mexico. The platform ensures next-day delivery and uses a messenger system to notify customers of their orders. 

The startup currently operated in Mexico City and Guadalajara and has so far completed 7 million deliveries across the country. 

“The next-day delivery sector in Mexico and Latin America has a huge opportunity for growth and development. We aim to capitalize on this opportunity with this new investment by strengthening our operating services, engineering capacity, and technology,” said Guillermo Carmona, Manager of Northgate Capital Mexico.

iVoy is perfectly positioned to make the most of the global situation following the pandemic which has increased demand for home delivery and e-commerce. The startup has experienced significant growth in the past year and hopes to continue to grow its client base across Mexico and Latin America.

Read more on El Economista.

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