SoftBank Vision Fund has reportedly put $100m into the delivery service provider, whose existing shareholders include Qualcomm Ventures.
Telecommunications conglomerate SoftBank’s Vision Fund has invested $100m in Brazil-based logistics service provider Loggi, Bloomberg reported on Tuesday, as part of a round reported by Crunchbase News to be $111m in size.
Crunchbase News listed venture capital firm Kaszek Ventures as an additional investor in the round, citing an unnamed source, though local newspaper Folha de S. Paulo reported that the round consisted of R$400m ($107m) from SoftBank.
Founded in 2013, Loggi operates an urban same-day delivery service for food…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
