附近上门

On Tuesday, 附近上门 surfaced a $111 million funding round by a Brazilian startup led by the (SBVF).

According to the funding round data captured by 附近上门, the Vision Fund led raised by Sao Paulo-based , a provider of on-demand same-day logistics services in Brazil. and , a local Brazilian newspaper, picked up the round as well.

On Wednesday, 附近上门 News confirmed that the Vision Fund invested in Loggi鈥檚 round and contributed $100 million to the deal. The source made no comment about the total amount raised in the offering.

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Local investor also participated in the round. 附近上门 data indicates that the funding actually closed in March, but was just announced today, on October 16th.

Temporally, this roughly aligns with mid-March which suggested that SoftBank was planning to invest between $100 million and $150 million in Loggi. That report cited an unnamed source who said the deal wasn鈥檛 finalized and could fall through at the time of reporting.

SBVF has invested in a number of other global companies with direct or indirect ties to the same-day logistics space this year, including China-based (in which SBVF led in April), (SBVF invested in its $535 million Series D in March). It also has put 聽money in Uber and Grab, both of which have food delivery components to their businesses.

The new capital puts Loggi鈥檚 total raise to date at $144 million. The $111 million raise is what we call a supergiant round鈥攁 growing, and busy segment of the venture capital universe. The SBVF has been a leading light in the growth of such super late stage rounds. There鈥檚 no doubt that the impacts of its fund size, valuation aggression, and investment cadence has changed the venture market.

However, while $100 million and larger rounds are becoming globally common, their distribution is not uniform. The United States and China command the lion鈥檚 share of the capital varietal, for example. Latin America, in contrast, sports a relative dearth of supergiant checks.

That makes the Loggi round all the more notable. A $100 million check in Brazil is news.

The round is likely welcome news for current Loggi shareholders, including capital giants like , and corporate players like Qualcomm and Microsoft that have previously contributed capital to the startup. Local players and led the firm鈥檚 seed round. SoftBank, therefore, may be helping the local venture scene as it looks for its own returns鈥攅veryone loves a markup.

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