The last-mile delivery service was valued at $350m in a round led with a $10m investment by the China-based corporate.
Digital media group ByteDance has invested $10m to lead a $40m series A round for United Arab Emirates-based courier service iMile Delivery, Bloomberg reported today, citing people familiar with the matter.
The other participants were not disclosed, but the round valued the company at $350m according to a statement, though a source told Bloomberg that ByteDance invested at a lower valuation. It follows $10m in pre-series A funding from undisclosed investors in March 2020.
Founded in 2017, iMile provides last-mile…
