Loggi receives $205 mm funding and will open 7 warehouses in Brazil by 2021

Parcel delivery company Loggi has announced a new funding round of R$1.15 bn ($205 mm) to expand its area of operation and reduce delivery times, with companies in the sector racing to make a mark in a market that has exploded in pandemic. The round was led by CapSur Capital and also involved manager Luis Stuhlberger’s Verde fund; as well as existing investors such as Monashees, Softbank, GGV, Microsoft and Sunley House, Loggi said.

Source: 6 Minutos