February 12th, 2020
REDWOOD VENTURES LEADS THE MOST RECENT INVESTMENT ROUND OF ZUBUT
Zubut, the last-mile logistics startup, received investment from the venture capital fund Redwood Ventures, in a round that also involved several angel investors.
Co-founded by Jorge Arámbula and Pablo Navarro, Zubut facilitates to corporates and businesses the management of their shipments through a network of independent collaborators, in addition to providing statistics for the generation of market intelligence strategies.
"It is estimated that the market value of last-mile delivery is around 2 billion dollars. Added to this, the penetration of e-commerce in LATAM has generated that this sub-sector grows at levels above 15% annually. We are convinced that Zubut offers a highly scalable technology solution and that the entrepreneurial team has all the elements to take advantage of the potential that this opportunity represents," said Alejandro Gonzalez, Fund Manager of Redwood Ventures.
The resources from this round will allow the company to strengthen its technology base for the optimization of delivery routes and business intelligence for its clients, leveraging the use of their data through proprietary artificial intelligence algorithms. It also plans to strengthen its presence in the geographies where it is currently available and start operating in five new cities this year.
With a little more than two years since its foundation, Zubut has positioned itself as the last mile logistics company of reference in cities in the interior of Mexico, achieving the highest NPS in the industry. For more information about the company visit: www.zubut.com or send an email to: email@example.com.
About Redwood Ventures:
Redwood Ventures is a private equity fund manager whose purpose is the generation of value for entrepreneurs, investors, and the entrepreneurial ecosystem.
With the addition of Zubut to its portfolio, Redwood Ventures now has twelve companies in its first fund, confirming its confidence in the promotion of local talent and reaffirming its leadership by making investments in early-stage technology-based companies with highly scalable business models.
For more information about our fund and team visit: www.redwood.ventures or send an email to: firstname.lastname@example.org.