Richmond-based last-mile delivery service taps US e-commerce growth
Richmond-based last-mile delivery company UniUni has raised an additional US$50 million (CAD $69 million) in a Series C funding round.
The company today announced that its oversubscribed Series C funding was led by DCM Ventures. This follows a $20 million Series B raise in December led by Celtic House Venture Partners and an earlier $40 million Series A round.
UniUni provides delivery services to e-commerce companies and operates 50 sorting centers across North America, including Los Angeles, New York, Dallas, Miami and Chicago.
“In just a few years, UniUni has emerged with a new model of last-mile delivery that leverages technology to provide the most reliable and cost-effective logistics services. We are happy to support them as they continue to operate in the United States and North America,” said Ramon Zeng, DCM General Partner.
“The North American logistics market is ripe for innovation,” said Peter Lu, CEO of UniUni. “Traditional logistics companies were born before the digital era, and their outdated infrastructure cannot keep up with the accelerating demands of the e-commerce era.
“On a global scale, e-commerce in North America is still in its very early stages, but we expect online retail to continue to grow and become the primary method of shopping for most Americans over the next five to 10 years. Masu.”
Lu said the recent Series C funding will be used to “further develop our proprietary technology stack that powers our logistics platform” and expand our network of sorting centers in the United States.
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