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UniUni raised $50M Series C round led by DCM

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UniUni, a leading tech company based in Canada, has closed a significant US$50 million Series C funding round led by global venture capital firm DCM. This latest round marks UniUni’s largest funding achievement to date, following a successful US$20 million Series B2 round in December 2023, led by Celtic House Venture Partners.

Specializing in e-commerce last-mile logistics in North America, UniUni has garnered over US$70 million in funding in the past four months. The company’s disruptive approach to the B2C last-mile delivery model, coupled with its logistics platform optimized for e-commerce, has propelled its rapid growth. UniUni ranked fourth in The Globe and Mail’s 2023 list of Canada’s Top Growing Companies, boasting an impressive three-year growth rate of 12,854 percent.

UniUni CEO Peter Lu expressed enthusiasm for the funds, highlighting plans to further develop the company’s proprietary tech stack powering its logistics platform. Additionally, the funding will support the expansion of UniUni’s network of sorting centers to enhance delivery coverage across the United States.

Ramon Zeng, General Partner at DCM, commended UniUni’s innovative approach to last-mile delivery, emphasizing the importance of supporting solutions that enhance industry operations. With UniUni’s emergence as a leader in last-mile delivery, leveraging technology for reliability and cost-effectiveness, DCM is excited to contribute to the company’s expansion across the U.S. and North America.

Founded in 2019, UniUni has established itself as a key player in e-commerce logistics, delivering tens of millions of parcels coast to coast in Canada alone. With over 50 high-capacity sorting centers in North America, including major cities like Los Angeles, New York, Dallas, Miami, and Chicago, UniUni is well-positioned to meet the growing demand for efficient last-mile delivery services.

The North American logistics market presents vast opportunities for innovation, according to Peter Lu. With traditional logistics firms struggling to keep pace with the demands of the digital age, UniUni aims to address these challenges by leveraging its advanced infrastructure and technology.

The exponential growth of e-commerce further underscores the need for innovative logistics solutions. Total e-commerce sales in the U.S. reached US$1.1 trillion in 2023, marking a significant increase from the previous year. As e-commerce continues to dominate retail, UniUni is poised to play a pivotal role in shaping the future of last-mile delivery and meeting the evolving needs of online retailers and brands.

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