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99Minutos Raises $82 Million Series C Round Led By Oak Hc/Ft

Mar 02, 2022over 3 years ago

Amount Raised

$82 Million

Round Type

series c

Description

99minutos, the scale up offering affordable, fast and reliable logistics services for e-commerce vendors across Latin America, today announced a US$82 million fundraising round led by OAK HC/FT, with participation from existing investors Kaszek and Prosus Ventures.

Company Information

Company

99minutos

About

Founded in Mexico City in 2014, 99minutos is transforming the e-commerce landscape in Latin America by offering the fastest and most reliable logistics services for e-commerce vendors across Mexico, Colombia, Chile and Peru. Through its five distinct services: less than 99 minutes, same-day, next-day, CO2-free delivery, and economy, 99minutos handles more than 15 million packages per year for major e-commerce companies and thousands of smaller e-commerce brands.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech