Mandaê, a Sao Paulo, Brazil-based platform that simplifies the shipping process for individuals and small businesses in the country, closed a USD$2.5m (BRL R$10m) funding round.
The round was led by Qualcomm Incorporated, through its venture investment arm Qualcomm Ventures, with participation from existing investors Monashees+ and Valor Capital Group. Earlier investors include Kima Ventures and Hans Hickler, the former CEO of DHL Express USA.
The company, which has now raised USD$5m (BRL R$16m) in total funding, intends to use the capital to accelerate growth, scale its operations and continue to expand its team.
Led by co-founder and CEO Marcelo Fujimoto, Mandaê operates a platform that allows individuals and small businesses to ship items through a mobile and desktop app, specifying the items they want to ship. The service then takes care of the rest, from pick-up, to packaging, to selection of the best carriers, to shipping the items.
Earlier in 2016, the company started introducing private transporters onto their platform, including a strategic partnership with Total Express, one of Brazil’s largest private couriers. In 2015, it did 25,000 pickups, and shipped 160,000 packages, grew to more than 2,500 customers, entered into integration partnerships with LojaIntegrada, and crowdfunding site Catarse.