Loggi reaches a billion

Loggi reaches a billion

Equity Funds Asset Management Corporate & Sovereign Strategy Brazil Japan Asia

Brazilian delivery services app Loggi said it has raised $150m in its latest funding round and is now valued at $1bn. SoftBank and Microsoft led the fundraising with the venture capital firms GGV, Fifth Wall and Velt Partners, Loggi said in a statement. SoftBank's Vision Fund invested $111m in the delivery company in October last year. The Japanese group has since formed a $5bn technology fund for Latin America and opened offices in São Paulo. SoftBank recently invested $1bn in the Colombian

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