Skydropx strengthens its e-logistics platform with a $20M investment round

Skydropx, a logistics management platform that helps companies reduce time and costs, raised a Series A investment round for $20 million. The raise was co-led by 645 Ventures and Base10 Partners, marking a milestone for e-commerce logistics in Mexico.

Also participating in the round were fellow e-logistics companies Shippo and Flexport, as well as Tinder co-founder Justin Mateen, FJ Labs, and Cometa. The capital is added to the $27 million the company has raised since its founding in 2014 from different investors, including FJ Labs, Cometa, Dynamo, and Sierra Ventures.

Founded by Tavo Zambrano, Armando Solbes, Óscar Victorín, and Daniel Alvarado, Skydropx’ service promises to deliver benefits to Mexican e-commerce digital stores, including a 70% reduction in logistics expenses, 91% savings in operating time, and a triple increase in revenue due to a high conversion rate by displaying shipping options and cost flexibility in real-time.

Currently, Skydropx has more than 30,000 clients, with more than 1 million deliveries each month. It’s the #1 logistics solution in Mexico, with customers ranging from large corporations like Walmart, Cemex, and Claroshop, to growing startups like Conekta and Runa.

Skydropx’s goal is to allocate the new capital to reaffirm its position as a market leader, accelerate growth, and expand into Colombia, Argentina, Chile, and Peru.

The moment is primed for Skydropx’s accelerated growth, as E-commerce in Latin America has become increasingly relevant in recent years, especially during the pandemic contingency. In 2020, online retail sales grew by 230%, compared to the 20% YoY growth the region had experienced in the previous 5 years.