Funding round
Loggi Growth
Reported as "Growth Equity"
Loggi, which works in logistics network distribution in São Paulo, raised $205M in a Growth round announced on 1 Mar 2021, led by CapSur Capital, at a $2.00B post-money valuation. 8 firms took part. It is Loggi's fourth venture round on record; the one before was a Growth in Jun 2019.
$205M
Amount raised
$2.00B
Post-money valuation
$1.79B pre-money
8
Investors
1 lead
2.0x
Step-up from the Growth
$1.00B in Jun 2019
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Loggi at $2.00B after the new money, 2.0 times the $1.00B of its Growth (Jun 2019). The $205M bought investors about 10% of the company. It came 21 months after Loggi's Growth. It is 43% of the $480M Loggi has raised in the venture rounds on record. No later venture round is on record for Loggi.
Investors
Who put money in
CapSur Capital led the round with 7 other firms.
Lead investor
- new investor
Also in the round
- SoftBank Group Corp. new investor
- M12 backs 141 venture-backed companies new investor
- Verde Asset Management new investor
- GGV Capital new investor
- Advent International backs 36 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- 1289 Capital 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 | 8 Oct 2020 | $30M | not disclosed | not named |
| Amoun Pharmaceutical Pharmaceutical Products | 31 Mar 2021 | $740M | not disclosed | not named |
| Epidemic Sound Art & Music Publishers | 10 Mar 2021 | $450M | $1.40B | Blackstone |
| Dream Sports Tech Companies | 24 Mar 2021 | $400M | $5.00B | Technology Crossover Ventures and D1 Capital Partners |
| LIVEKINDLY Collective Food Production | 29 Mar 2021 | $335M | not disclosed | TPG |
| Dapper Labs Tech Companies | 30 Mar 2021 | $305M | $2.60B | Coatue |
| Vestiaire Collective Clothing Stores | 1 Mar 2021 | $216M | not disclosed | Kering and Tiger Global |
| Food Production | 23 Mar 2021 | $200M | not disclosed | Qatar Investment Authority and Charlesbank Capital Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Loggi raise in its Growth round?
Loggi raised $205M in its Growth round, announced in Mar 2021.
Who led Loggi's Growth round?
CapSur Capital led it, with SoftBank Group Corp., M12, Verde Asset Management, GGV Capital and Advent International and 2 more.
What was Loggi's valuation at the Growth round?
$2.00B post-money ($1.79B pre-money).