UniUni, one of the fastest-growing tech companies in Canada, announced that it has raised $50 million in an oversubscribed Series C financing round led by global venture capital firm DCM. As an e-commerce last-mile logistics company, this is UniUni’s most significant funding round so far and follows the company’s closing of a $20 million Series B2 round of funding in December 2023, led by Celtic House Venture Partners.
UniUni has raised over $70 million in the last four months. It continues transforming the B2C last-mile delivery model with its logistics platform optimized for e-commerce and a variable-cost model for driver recruitment, dispatch, and routing.
Launched in 2019, UniUni delivers tens of millions of parcels from coast to coast in Canada alone and now boasts more than 50 high-capacity sorting centers in North America, including in Los Angeles, New York, Dallas, Miami, and Chicago.
KEY QUOTES:
“These funds will be used to further develop our proprietary tech stack that powers our logistics platform and to grow our network of sorting centers as we continue to expand delivery coverage across the United States.”
“The North American logistics market is ripe for innovation. The traditional logistics firms were born before the digital age, and their dated infrastructure cannot keep up with the accelerating demands of the e-commerce era. On a global scale, North American e-commerce is still at a very early stage, and we expect online retail to continue to grow and become the primary method of shopping for most Americans in the next five to 10 years.”
“UniUni’s rapid growth and strategic expansion uniquely position it to address the pressing demands of a new generation of e-commerce platforms, online retailers, and brands effectively.”
– UniUni CEO Peter Lu
“At DCM, no matter what sector we’re investing in, we’re passionate about funding solutions that break through the noise and domination of larger players to deliver products and services that improve the way industries operate. In just a few years, UniUni has emerged, embracing a new model of last-mile delivery that uses technology to provide the most reliable and cost-effective logistics service available, and we’re happy to support them as they continue expanding across the U.S. and North America.”
– Ramon Zeng, General Partner at DCM
