Funding round
Loggi Growth
Reported as "Growth Equity"
Loggi, which works in logistics network distribution in São Paulo, raised $150M in a Growth round announced on 5 Jun 2019, led by SoftBank, at a $1.00B post-money valuation. 5 firms took part. It is Loggi's third venture round on record; the one before was a Growth in Oct 2018.
$150M
Amount raised
$1.00B
Post-money valuation
$850M pre-money
5
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Loggi at $1.00B after the new money. The $150M bought investors about 15% of the company. It came 8 months after Loggi's Growth. It is 31% of the $480M Loggi has raised in the venture rounds on record. Loggi raised again 21 months later: a Growth round of $205M in Mar 2021, at $2.00B post-money.
Investors
Who put money in
SoftBank led the round with 4 other firms.
Lead investor
- SoftBank new investor
Also in the round
- Microsoft new investor
- GGV Capital new investor
- Fifth Wall backs 103 venture-backed companies new investor
- Velt Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Shipping Couriers, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shipping Couriers | 19 Dec 2019 | undisclosed | not disclosed | not named |
| Tech Companies | 12 Jun 2019 | $227M | not disclosed | Eurazeo and Morgan Stanley |
| Industrial Machinery & Supplies | 12 Jun 2019 | $170M | not disclosed | not named |
| Monzo Banks & ATMs | 25 Jun 2019 | $144M | $2.55B | Y Combinator |
| Druva Tech Companies | 20 Jun 2019 | $130M | not disclosed | Viking Global |
| Tiki Decorators & Interior Designers | 1 Jun 2019 | $100M | not disclosed | Northstar Group |
| Tech Companies | 3 Jun 2019 | $90M | not disclosed | Stillfront Group AB |
| Tech Companies | 12 Jun 2019 | $79M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Loggi raise in its Growth round?
Loggi raised $150M in its Growth round, announced in Jun 2019.
Who led Loggi's Growth round?
SoftBank led it, with Microsoft, GGV Capital, Fifth Wall and Velt Partners.
What was Loggi's valuation at the Growth round?
$1.00B post-money ($850M pre-money).
Did Loggi raise again after this round?
Yes: a Growth round in Mar 2021 of $205M at $2.00B post-money.