ultima milla, a Logistic Management System for E-commerce & Retail in Mexico, has announced it has secured $20.0M in new investment capital. This funding round marks a significant milestone for the company's continued expansion and technological development.
The company provides a comprehensive platform designed to streamline logistics for e-commerce and retail businesses. ultima milla currently serves over 30,000 clients, processing millions of shipments annually, including notable companies like Walmart, Cemex, ClaroShop, Conekta, Runa, and Platzi. The company has a history of attracting investor confidence, having previously raised over $7M USD from firms including Y Combinator, Sierra Ventures, FJ Labs, Variv Capital, and Dynamo.
ultima milla's platform offers a range of functionalities, including online inventory management for selling across major marketplaces like Walmart, Amazon, and Mercado Libre. It also automates the shipping process through its AI Dispatch system, facilitating label buying/printing, tracking, estimated drop-off times, and returns. Additionally, the company provides a white-label platform, allowing businesses to maintain brand consistency from shopping cart to final delivery.
The newly secured $20.0M in capital is intended to fuel ultima milla's strategic growth initiatives. These plans include expanding its operational footprint, enhancing its proprietary technology, and scaling its service offerings to meet increasing demand. This investment underscores the growing importance of efficient logistics solutions in the evolving e-commerce and retail landscapes.
Looking ahead, ultima milla aims to solidify its position as a leading provider of logistics management systems. The company plans to leverage this funding to continue innovating its platform, ensuring it remains at the forefront of logistics technology and supports clients' evolving needs for seamless supply chain management.
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