Earlier this month Richmond’s UniUni landed at #4 on Deloitte Canada’s Technology Fast 50 list with revenue growth of 12,854% between 2020 and 2023.
The logistics company that is changing the last-mile delivery landscape has leveraged that news by adding USD $30 million to an oversubscribed Series C2 financing round led by Bessemer Venture Partners.
This funding marks more than USD $100 million in total funding that UniUni has raised in the last 12 months, including USD $50 million in a Series C1 financing round led by DCM, announced in April, bringing UniUni’s total funding to US$120 million.
The new funding will fuel UniUni’s rapid U.S. expansion, including the addition of warehouses, robotic sorting centers that reduce costs and increase efficiency and accuracy, along with continued investments in software improvements, such as AI integration for both customer service and driver delivery routing optimization.
UniUni now has more than 600 employees, and generates hundreds of millions of dollars in annual revenues in North America.
After expanding to the United States 24 months ago, the company today has high-capacity sorting centers serving 30 cities including Dallas, Los Angeles, Miami, New Jersey, New York, and San Francisco.
UniUni has doubled its total number of warehouses in the past six months, with parcel volume increasing 425% in the past year, and 44% in the past six months, and has an expanded registered driver network of more than 40,000. Total monthly U.S. revenues have also increased fourfold in the past year.
“UniUni now has more than 60 warehouses across North America, and these funds will help to further boost our growth and expand our service areas to more of the United States,” said UniUni CEO Peter Lu.
“Automated sortation lines will be deployed in more cities, which will enhance parcel-handling capacity, efficiency and accuracy, while speeding up delivery times.”
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