Funding round
Loggi Growth
Reported as "Growth Equity"
Loggi, which works in logistics network distribution in São Paulo, raised $111M in a Growth round announced on 16 Oct 2018, led by SoftBank Vision Fund. 6 firms took part. It is Loggi's second venture round on record; the one before was a Series C in Jan 2017.
$111M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Loggi did not disclose a valuation in this round. It came 21 months after Loggi's Series C. It is 23% of the $480M Loggi has raised in the venture rounds on record. Loggi raised again 8 months later: a Growth round of $150M in Jun 2019, at $1.00B post-money.
Investors
Who put money in
SoftBank Vision Fund led the round with 5 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Kaszek backs 85 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- Iporanga Investimentos new investor
- M12 backs 141 venture-backed companies new investor
- SoftBank
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Oct 2018 | $3.00B | $75.00B | SoftBank |
| Video Games - Development & Publishing | 26 Oct 2018 | $1.25B | $15.00B | not named |
| Cerevel Pharmaceutical Products | 23 Oct 2018 | $350M | not disclosed | Bain Capital Private Equity |
| Tanium Tech Companies | 2 Oct 2018 | $200M | $6.50B | Wellington Management |
| Omio Travel Agencies | 23 Oct 2018 | $150M | not disclosed | Kinnevik and Temasek |
| Investment Consultants & Financial Advisors | 24 Oct 2018 | $145M | not disclosed | not named |
| Tech Companies | 26 Oct 2018 | $130M | $1.60B | not named |
| Loans & Financing | 1 Oct 2018 | $121M | $987M | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Loggi raise in its Growth round?
Loggi raised $111M in its Growth round, announced in Oct 2018.
Who led Loggi's Growth round?
SoftBank Vision Fund led it, with Kaszek, Qualcomm Ventures, Iporanga Investimentos, M12 and SoftBank.
What was Loggi's valuation at the Growth round?
It was not disclosed.
Did Loggi raise again after this round?
Yes: a Growth round in Jun 2019 of $150M at $1.00B post-money.