What is 99Minutos?
Founded in 2013, 99MINUTOS addresses the critical logistics needs of e-commerce businesses by offering a comprehensive suite of services designed to streamline shipping and delivery processes. The company's focus on providing reliable and efficient logistics solutions positions it as a key player in enabling online retailers to scale their operations and enhance customer satisfaction. The substantial investment indicates a strong market demand for specialized logistics support in the digital commerce landscape.
How much funding has 99Minutos raised?
99Minutos has raised a total of $122M across 2 funding rounds:
Series B
$40M
Series C
$82M
Series B (2021): $40M with participation from Prosus and Kaszek Ventures
Series C (2022): $82M led by Oak HC/FT, Prosus, and Kaszek Ventures
Key Investors in 99Minutos
Oak HC/FT
Oak HC/FT is a venture growth-equity fund specializing in Healthcare Information & Services and Financial Services Technology. They provide strategic counsel and access to an extensive network of industry leaders to drive transformation in these sectors.
Prosus
Prosus is a global consumer internet group and a major technology investor, focused on building leading consumer internet companies in high-growth markets. Their ventures team invests in areas including logistics, and they actively seek opportunities to partner with entrepreneurs using technology to improve everyday lives.
Kaszek Ventures
Kaszek is a venture capital firm dedicated to partnering with exceptional tech entrepreneurs in Latin America, providing capital and expertise in strategy, operations, and product development to support companies from early stages through pre-IPO financing.
What's next for 99Minutos?
With the recent strategic investment, 99MINUTOS is poised for accelerated growth and operational enhancement. The company is likely to leverage this capital to expand its service offerings, broaden its geographic reach, and invest in technology to further optimize its logistics network. This funding round, characterized as a major strategic investment, suggests a focus on strengthening market position and potentially exploring new avenues for innovation within the logistics and e-commerce ecosystem. The company's trajectory points towards further scaling and solidifying its role as a vital partner for online businesses.
See full 99Minutos company page
