UniUni Secures $30M in Series C2 Round led by Bessemer Venture Partners
Deal News | Nov 14, 2024 | Celtic House Venture Partners
UniUni, a rapidly growing logistics company based in Richmond, British Columbia, Canada, has announced the closure of an oversubscribed Series C2 financing round, raising $30 million. The round was led by Bessemer Venture Partners, with participation from LFX Venture Partners, Lanchi Ventures, Joy Capital, and Celtic House Venture Partners. This brings UniUni's total funding in the last year to over $100 million and total funding since its inception to $120 million. The funds are intended to fuel UniUni's expansion in the United States, including building new warehouses and robotic sorting centers and enhancing software capabilities with AI integration for optimization. UniUni currently operates more than 60 warehouses across North America, employing over 600 staff and driving significant revenue growth. Partner with Bessemer Venture Partners, Bryan Wu, echoed the importance of a structural shift in the logistics sector driven by e-commerce's demands, highlighting UniUni's innovative delivery model. Founded in 2019, UniUni is dedicated to revolutionizing the last-mile delivery sector with advanced technology and efficient solutions, ensuring superior customer service.
Sectors
- Logistics and Transportation
- Venture Capital
- E-commerce
Geography
- Canada – UniUni is headquartered in Richmond, British Columbia, Canada, and has been recognized as a top growing company in the country.
- United States – UniUni is expanding its operations in the U.S., a major area of focus for their business growth and development highlighted in the article.
Industry
- Logistics and Transportation – UniUni operates in the logistics sector, focusing specifically on last-mile delivery, which is a crucial component of the e-commerce supply chain.
- Venture Capital – Bessemer Venture Partners' involvement places this transaction in the venture capital industry, focusing on funding growth-stage companies.
- E-commerce – UniUni's services are tightly integrated with the e-commerce sector, providing final delivery solutions that enhance online shopping experiences.
Financials
- US$30 million – Amount raised in Series C2 financing round led by Bessemer Venture Partners.
- US$120 million – Total funding raised by UniUni to date.
- US$100 million – Funding raised by UniUni in the last 12 months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| UniUni | Target Company | Company | A technology-enabled logistics company specializing in last-mile delivery solutions for the e-commerce industry. |
| Bessemer Venture Partners | Lead Investor | Company | A venture capital firm investing in high-growth businesses across various sectors, including UniUni's funding round. |
| LFX Venture Partners | Investor | Company | Participated in UniUni's Series C2 funding round. |
| Lanchi Ventures | Investor | Company | Participated in UniUni's Series C2 funding round. |
| Joy Capital | Investor | Company | Participated in UniUni's Series C2 funding round. |
| Celtic House Venture Partners | Investor | Company | Previous investor in UniUni, continued participation in the Series C2 round. |