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HomeFunding Canada-based UniUni Secures $50M in Series C Round Funding

[Funding alert] Canada-based UniUni Secures $50M in Series C Round Funding

UniUni, one of the fastest growing tech companies in Canada, secures $50Million in series C round funding led by global venture capital firm DCM.

UniUni, one of the fastest growing tech companies in Canada, secures $50Million in series C round funding led by global venture capital firm DCM.

This is UniUni’s largest funding round to date and comes on the heels of it closing a US$20 million Series B2 round of financing in December 2023, led by leading Canadian tech investor, Celtic House Venture Partners.

Read also –  CA-based Vorlon Secures undisclosed amount in Series A Round Funding

A North American powerhouse in e-commerce last-mile logistics, UniUni has raised more than US$70 million in the last 4 months as it continues to disrupt 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.

UniUni CEO Peter Lu said, “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,” .

Ramon Zeng, General Partner at DCM said, “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.”

Peter Lu said. “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.”

About UniUni

UniUni is a leading technology-enabled logistics company revolutionizing the last-mile delivery landscape for the e-commerce industry. As a platform that seamlessly integrates advanced technology with efficient delivery solutions, UniUni enables businesses to provide a superior online shopping experience, ensuring unparalleled efficiency and customer satisfaction.

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