Loggi was founded in 2013 when Fabien Mendez and Arthur Ribero realized that delivery services had low quality and were very innefficient. Understanding the sheer size of the opportunity in food, documents and ecommerce delivery, Loggi was incorporated.
At Iporanga we knew that the last mile opportunity was very large and when we met with Fabien, it wasnt hard to figure we would invest in the opportunity. It was sometime challenging to invest at that stage yes, on the power point. Well after our investment the company took off and several other rounds came along and we participated in most of them. Little people know this fact.
Today the company is a well known success case of a Brazilian technology company tackling a Brazilian large problem proving the thesis that Brazil can create great and large companies. Loggi is connecting the whole country operating distribution centers and a delivering its service with a fleet of third party independent couriers strenghtening the local collaborative economy. The company operates today in 33 cities performing more than 100 thousand deliveries daily and the growth plans inlude covering 95% of brazilian consumers until 2020 with 5 million deliveries daily.
The sound success of Loggi’ s operation attracted the attention of Softbank who invested $100m in 2018. Now in June 2019 Loggi received another round of investment of $150 million with a little nickname attached: UNICORN! Congratulations to all the Loggers for another great milestone.
Fabien is a second time entrepreneur and prior to Loggi Fabien founded an Uber like service of black cars called GoJames. Fabien’s academic background is in economics and law with a Masters in Finance. Prior to his entrepreneurial endeavors, Fabien worked at JPMorgan and BNP Paribas.