UniUni Closes $30 Million Series C2 Round | BlueRun Ventures

UniUni — a reshaper of North American e-commerce's "last-mile" logistics landscape and one of Canada's fastest-growing companies — announced it has recently completed a $30 million Series C2 round, which was oversubscribed. The round was led by North American venture firm Bessemer Venture Partners (Bessemer), with participation from BlueRun Ventures, Celtic House Venture Partners, LFX Venture Partners, and Joy Capital. Combined with the $50 million Series C1 round led by DCM in April this year, UniUni has raised over $100 million in the past 12 months, bringing its total funding to $120 million. BlueRun Ventures led UniUni's Series A and has continued to increase its stake in subsequent rounds.**

The proceeds from this round will primarily accelerate UniUni's expansion in the United States, including adding warehouses, deploying robot-powered sorting centers to further reduce costs and improve accuracy, and continuing to upgrade its software technology — such as integrating AI across customer service and delivery routing.

Currently, UniUni employs several hundred people and generates hundreds of millions of dollars in annual revenue across North America. Since entering the US market 24 months ago, UniUni has established high-capacity, efficiently operating sorting centers at more than 30 airports and in high-density cities. The company's warehouse count has doubled in the last six months; package volume has grown 425% over the past year and 44% in the last six months; and its registered driver network numbers in the tens of thousands. According to The Globe and Mail, UniUni's monthly revenue in the US market has quadrupled in the past year, and the company's overall revenue has grown nearly 13,000% over the past three years, ranking it as Canada's fourth fastest-growing company.

Peter Lu, UniUni Founder and CEO, said: "Currently, UniUni has over 60 warehouses across North America; this funding round will help us accelerate growth and expand our service coverage to more regions in the United States. We plan to deploy automated sorting lines in more cities, which will significantly improve parcel processing capacity, efficiency, and accuracy while shortening delivery times."

According to Statista, the German online platform focused on data collection and visualization, global e-commerce revenue is expected to reach $4 trillion in 2024, with a projected compound annual growth rate of 9.49% through 2029.

Per data from the US Census Bureau, total e-commerce sales in 2023 exceeded $1.1 trillion, a 7.6% increase from 2022.

Founded in 2019 and headquartered in Richmond, British Columbia, Canada, UniUni is a leading technology-driven last-mile logistics provider dedicated to transforming the "last mile" delivery landscape in North American e-commerce. As a platform integrating advanced technology with efficient logistics solutions, UniUni delivers superior online shopping experiences for businesses, ensuring leading operational efficiency and customer satisfaction. The company serves a broad range of clients, from emerging e-commerce platforms to well-known online retailers and brands, providing quality logistics services across North America. Additionally, UniUni actively collaborates with Carbonzero and veritree to demonstrate its commitment to environmental responsibility as a corporate citizen. UniUni has been named to The Globe and Mail's ranking of Canada's fastest-growing companies for two consecutive years.

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