UniUni closes US$50 Million Series C round led by DCM; funds aimed at U.S. expansion
Summary
RICHMOND, BC, April 18, 2024 /PRNewswire/ - UniUni, one of the fastest growing tech companies in Canada, is pleased to announce that it has raised US$50 million in an oversubscribed Series C financing round led by global venture capital firm DCM. "These funds will be used to further develop our proprietary tech stack that powers our logistics platform and to grow our network of sorting centers as we continue to expand delivery coverage across the United States," said UniUni CEO Peter Lu. "UniUnis rapid growth and strategic expansion uniquely position it to address the pressing demands of a new generation of e-commerce platforms, online retailers, and brands effectively," Lu said.DCM is a global venture capital firm based in Silicon Valley, Beijing and Tokyo with over $4.2 billion under management. DCM has backed industry-leading companies, including 51job, 58.com, Bill.com, BitAuto, Careem (Uber), Dangdang, Fortinet, Freee, FuboTV, Happy Elements, Hims & Hers, Houchebang (ManBang), Gigacloud, Kakao Talk, Kuaishou, Matterport, Musical.ly (TikTok), Quantasing, Sling Media, Sansan, SoFi, TanTan, Tuniu, UCloud, Uxin, Vipshop, YSB, Weekend Health (Weight Watchers) and Wrike. DCM has also led investments in rising startups, such as Assured, Brigit, CADDI, Cherry, DXY, Enechain, EvenUp, Figure Technologies, Immersively, Lincwell, Litmatch, Magic Moment, Maimai, Plenty, Tempo, and YunQuNa.