Business

Mexican e-logistics platform Skydropx raises a $20 million funding round

The capital raised will be used to execute Skydropx’s planned expansion in Latin America, namely to Colombia, Argentina, Chile, and Peru

Mexican e-logistics platform Skydropx raises a $20 million funding round
Image: Skydropx/Facebook

Skydropx, a Mexican logistics management platform that centralizes companies’ shipment needs in a single place, raised a $20 million Series A round co-led by Base10 Partners, Cometa, and 645 Ventures. In addition to Base10, Cometa, and 645 Ventures, other strategic investors took part in this investment round, including e-logistics companies Shippo and Flexport, Justin Mateen (Tinder’s co-founder), and FJ Labs. This capital adds to the $7 million previously raised by the company.

The newly raised funds will be allocated to strengthen Skydropx’s position as the market leader in Mexico, by accelerating its growth and adding new functionalities for its clients, and to launch operations in new countries. Skydropx will focus on expanding into countries where e-commerce has grown rapidly, such as Colombia, Argentina, Chile, and Peru.

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Founded in 2014 by Tavo Zambrano, Armando Solbes, Óscar Victorín, and Daniel Alvarado, Skydropx is a Mexico City-based logistics management company that creates an end-to-end automated delivery experience for customers. The platform includes over 250 shipping options, tracking notifications via WhatsApp, estimated delivery times, and return management.

According to the startup, its services enable logistics expense reductions of up to 70%, shipping with discounts of up to 40%, and time savings of +90% through the synchronization of order data.

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According to the startup, the platform has tripled its business each year since 2018, when it raised $5 million after completing the Y Combinator acceleration program. The company reports growth of over 200% last year and claims to already be profitable.

“We reached profitability as we served over 30,000 clients with more than 1.5 million deliveries each month. This positions us as the number one solution of its kind in the country; now we are ready to expand into other countries in Latin America and help thousands of companies strengthen their logistics,” stated the Skydropx management team in a note.

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