Richmond, BC-based UniUni, a last-mile logistics startup, has raised $42.2 million CAD ($30 million USD) in Series C2 funding.
The round was led by Bessemer Venture Partners, with participation from LFX Venture Partners, Lanchi Ventures, Joy Capital, and Celtic House Venture Partners, bringing UniUni’s total funding to $169 million CAD ($120 million USD).
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Strengthening Operations and Expansion in the US
UniUni, which started in 2019 as Uni Express, now offers a gig-economy-powered logistics platform for e-commerce. It operates over 60 warehouses across North America, delivering tens of millions of parcels annually. The company’s US operations, launched in 2022, include sorting centers in cities like Los Angeles, New York, and Miami.
CEO Peter Lu highlighted the growth trajectory: “This funding allows us to expand into more US regions and enhance parcel handling with automated sortation systems. These investments will increase efficiency and improve delivery times, reinforcing our position in the logistics market.”
Transforming Last-Mile Logistics with Tech
The platform uses AI-driven optimization for driver routes and a variable-cost model for recruitment and dispatch. This approach has driven significant growth: in the past year, parcel volumes rose 425%, and monthly US revenues quadrupled. UniUni also doubled its warehouse count within six months to meet increasing demand.
Market Recognition and Future Plans
Ranked fourth in Deloitte’s Technology Fast 50 for Canada with 12,854% revenue growth over three years, UniUni is well-positioned for further success. The company plans to use the funds to expand its robotic sorting centers, enhance software, and integrate AI into customer service and logistics optimization.
With a growing network of 40,000 registered drivers, UniUni continues to address the evolving demands of e-commerce while planning its next steps in an increasingly competitive market.
