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SoftBank-Backed Loggi Valued Near $2 Billion in Fundraising

  • Brazil delivery firm raises $205 million, largest round yet
  • Brazilian hedge fund firm Verde Asset among new backers
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Brazilian delivery startup Loggi Tecnologia Ltda, which is backed by SoftBank Group Corp. and Microsoft Corp., raised 1.15 billion reais ($205 million) in its latest funding round that now values the company at close to $2 billion.

The new round, the company’s largest yet, was led by CapSur Capital and included renowned Brazilian hedge fund manager Luis Stuhlberger’s Verde Asset Management among the backers for the first time, the firm said. About 75% of current investors participated, according to the firm.