Uello, a Sao Paulo, Brazil-based logtech startup, closed its $4m Series A funding.
The round was was led by the Btomorrow Ventures (BTV), followed by Capital Lab and Invest Tech.
The company, which has raised USD 5.5m since its foundation, intends to use the funds to
- develop of new products and an innovative technological solution to manage the logistics of companies that have their own operation,
- expand its geographical operations and
- hire a qualified team.
Led by Fernando Sartori, founder, Uello uses technology and a collaborative network to provide express freight services focusing on large and medium size corporate clients, mainly in retail and e-commerce. The company’s technology allows deliveries to be carried out in an optimized manner with consolidation in hubs and route sharing. Its features also allow for real-time monitoring and management of deliveries, offering a superior experience to corporate customers and delivery recipients.
In 2020, the logtech participated in acceleration programs of 500 Startups Miami (USA) and Scale Up by Endeavor, in addition to being included in important local rankings, such as 100 Startups to Watch and 100 Open Startups (Brazil).
Currently, the company has 100 employees and has more than 250 corporate clients, including Canon, Lindt, Essity, Natura & Co/The Body Shop, Victorinox and BAT.
FinSMEs
19/06/2021