UniUni Acquisition, Valuation, Funding & Investors

UniUni was acquired by MAK Acquisition for $1B in May 2026.

UniUni acquisition price

$1B

Acquired by MAK Acquisition · May 2026

Cumulative funding UniUni raised

$205M

across 8 funding rounds

Key investors in UniUni

  • Celtic House Venture Partners
  • Vision Plus Capital
  • Lanchi Ventures
  • Bessemer Venture Partners
  • DCM Ventures
  • Fosun RZ Capital
  • Joy Capital
  • LFX Venture Partners

UniUni Overview

About UniUni

UniUni is a Toronto-based last-mile delivery provider operating across North America. The company serves e-commerce platforms with same-day and scheduled services, leveraging proprietary routing technology for urban and suburban routes in the United States and Canada.


Founded

2019

HQ

CanadaCanada

Website

uniuni.com

Status

Acquired

Customer focus

B2B

Revenue model

Services

Valuation

$14M (Dec 2020)

UniUni Acquisition

UniUni was acquired by MAK Acquisition for $1B on 14 May 2026.

Before the acquisition UniUni had raised $205M across 8 funding rounds.

MAK Acquisition Corp. entered into a definitive reverse takeover agreement to acquire Uni Express Inc. (UniUni) on May 15, 2026, with the transaction implying an enterprise value of approximately USD 1,000 million (C$1,370 million). The consideration is structured as common equity issued at USD 10.00 per share, and the combined company will result from an amalgamation of MAK Acquisition, UniUni and Finco. Assuming no redemptions and a USD 100 million private placement, existing UniUni shareholders would own approximately 78%, MAK Acquisition shareholders 12%, and new investors 10% of the resulting issuer. The closing condition for the private placement requires at least USD 60 million of financing, including escrowed funds and proceeds from a USD 15 million convertible note issued concurrently with the deal. The transaction provides UniUni with a public listing and capital to support continued expansion after a period of rapid scale-up. UniUni reported revenue of USD 113 million in 2023 and is expected to exceed USD 1,000 million in 2026, with one reported estimate at USD 1,100 million for 2026. The company has also indicated significant organic growth into 2027. No EBITDA figure was disclosed in the available information. The deal positions the company to continue building its North American ecommerce last-mile delivery platform with added access to public market capital and a broader shareholder base. UniUni is a North American last-mile logistics and ecommerce delivery company founded in 2019. It has expanded quickly from its early operating base into a sizeable delivery network serving ecommerce customers, with revenue growth highlighted as a key operating KPI. The company’s business is centered on last-mile parcel delivery, and the announced structure suggests continued investment in growth and scale rather than a financial sponsor exit. The transaction is one of the larger Canadian technology go-public events in recent years, with the resulting issuer expected to have a substantially expanded capital structure and public-company profile.

UniUni acquisition details
AcquirerDateTypePrice
14 May 2026Strategic M&A$1B

UniUni Valuation

UniUni is currently valued at $14M, based on its angel round in December 2020.

The $4M round was led by Red Thread Ventures, with participation from Seed2IPO Capital Corp.

UniUni's valuation has grown 5.4x from $3M at its seed round in November 2019 to $14M in December 2020, across 2 priced rounds.

UniUni valuation by funding round

UniUni valuation by funding round
DateStageValuation
Dec 2020Angel$14M
Nov 2019Seed$3M

UniUni Funding History

UniUni has raised a total of $205M across 8 funding rounds.

UniUni's first fundraising round was a $500K seed round in November 2019. The most recent completed round was a $70M Series D in June 2025.

UniUni funding rounds

UniUni funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025Series DBessemer Venture Partners (lead); Sinovation Ventures (lead); Brightway Future Capital; Redpoint; MindWorks Capital; Joy Capital; Celtic House Venture Partners; Vision Plus Capital; LFX Venture Partners; DCM Ventures$70M-UniUni is a tech-powered last-mile delivery company founded in 2019, offering gig worker-powered e-commerce logistics using passenger vehicles for fast, affordable, and reliable shipping across North America. In 2025, it expanded its delivery footprint to cover 65% of the U.S. and 80% of Canada, reaching over 500 cities, while processing over 1 million packages daily with a network of more than 100,000 registered drivers and doubled warehouse capacity. The company secured a $70 million USD Series D funding round led by Bessemer Venture Partners, with participation from DCM Ventures, Celtic House Venture Partners, and LFX Venture Partners, bringing total fundraising to over $200 million USD since inception. This round supported North American expansion, AI and robotics integration via a partnership with Global Robotics Service for warehouse automation, and strategic growth initiatives. UniUni demonstrated explosive growth, earning the No. 5 ranking on Deloitte Canada’s 2025 Technology Fast 50™ with 6,829% revenue growth from 2021-2024 and No. 17 on Deloitte’s 2025 North America Technology Fast 500™. It reported over 2,000% revenue increase between 2022 and 2025, a 1,073% rise in domestic volume from 2024 to 2025, 425% parcel volume growth in the last year, and quadrupled monthly U.S. revenue. These metrics highlight its position as a logistics innovator amid rising e-commerce demand for transparent and efficient delivery alternatives. Post-Series D, UniUni continued scaling, announcing an $85 million USD package in March 2026 ($30 million equity led by Rockets Capital and $55 million credit facility from Royal Bank of Canada), elevating total funding to $285 million USD. This later financing targeted advanced sorting machines, operational efficiency, and further U.S./Canada expansion to 75% and 95% coverage respectively. Despite growth, UniUni faced labor-related class-action lawsuits and warehouse condition scrutiny, yet it strengthened leadership with hires like chief revenue officer Sheila Berry and prior acquisition of Shippie to enhance same- and next-day delivery capabilities.
Nov 2024Series CBessemer Venture Partners (lead); Joy Capital; Lanchi Ventures; Celtic House Venture Partners; LFX Venture Partners$30M-UniUni is a Richmond, B.C.-based last-mile logistics company specializing in e-commerce delivery innovation, automation, and U.S. expansion with high-capacity sorting centers in 30 cities including Dallas, Los Angeles, Miami, New Jersey, New York, and San Francisco. The company, founded in 2019, now employs over 600 people and has raised over US$100 million in the last 12 months prior to the round, including a US$50 million Series C1 led by DCM in April 2024, bringing total funding to US$120 million. On November 14-15, 2024, UniUni closed an oversubscribed US$30 million (CAD$41.6-42.2 million) Series C2 all-equity, all-primary round led by Bessemer Venture Partners, with participation from LFX Venture Partners, Lanchi Ventures, Joy Capital, and Celtic House Venture Partners. The funds will support rapid U.S. growth through new warehouses, robotic sorting centers for cost reduction and efficiency, and AI integrations for customer service and driver routing optimization. UniUni ranked #4 on Deloitte Canada’s Technology Fast 50 with 12,854% revenue growth from 2020-2023 and #11 on Deloitte’s North America Fast 500; it generates hundreds of millions in annual revenues in North America and reported fourfold growth in monthly U.S. revenues over the prior year, though exact figures and EBITDA are not specified. Subsequent developments include a US$70 million Series D in mid-2025 led by Bessemer with DCM, Celtic House, and LFX, raising total funding over US$200 million.
Apr 2024Series CDCM Ventures (lead); Lanchi Ventures; Celtic House Venture Partners; Vision Plus Capital; Fosun RZ Capital$50M-UniUni is a tech-powered last-mile delivery company based in Richmond, BC, offering gig worker-powered e-commerce logistics using passenger vehicles for same- and next-day delivery across North America. It simplifies shipping for merchants with fast, affordable, transparent services, expanding to cover 65% of the U.S. and 80% of Canada, serving over 500 cities with a network of over 100,000 drivers and processing over 1 million packages daily. Later rounds include a US$70 million Series D in July 2024 co-led by Bessemer Venture Partners and Sinovation Ventures, and a US$30 million equity round led by Rockets Capital (part of an $85 million USD equity and credit package), bringing total fundraising over US$200-285 million since 2019. A 2025 Series D of US$70 million was led by Bessemer with DCM and Celtic House participation. UniUni reported massive growth, including 6,829% revenue growth from 2021-2024 (per Deloitte Tech Fast 50 criteria), over 2,000% revenue increase from 2022-2025, 1,073% domestic volume growth from 2024-2025, 425% parcel volume increase, quadrupled U.S. monthly revenue, and strategic moves like acquiring Shippie, ISO 27001 certification, AI/robotics integration, and partnerships. It ranked No. 5 on Deloitte Canada's 2025 Technology Fast 50 and No. 17 on North America Fast 500.
Dec 2023Series BFosun RZ Capital (lead); Vision Plus Capital (lead); Lanchi Ventures; Celtic House Venture Partners; Freshwave Capital$20M-UniUni is a Richmond, BC-based last-mile logistics tech company specializing in e-commerce delivery with a proprietary platform for driver recruitment, dispatch, routing, and sorting centers, operating across North America. In December 2023, it closed a US$20 million Series B2 financing round led by Celtic House Venture Partners, with participation from Fosun RZ Capital, Freshwave Capital, Lanchi Ventures, and Vision Plus Capital. This round contributed to over US$70 million raised in the subsequent four months, preceding a US$50 million oversubscribed Series C in April 2024 led by DCM. UniUni reported a three-year revenue growth rate of 12,854% as of 2023, earning it fourth place on The Globe and Mail's Canada's Top Growing Companies list, and later 6,829% for the 2025 Deloitte Technology Fast 50. It claimed monthly US revenues increased fourfold in the year prior to late 2024, with parcel volume up 425% in the past year and a network of over 40,000 registered drivers. The company has since expanded rapidly, doubling warehouses to over 60 across North America by late 2024, covering more cities, and achieving over 2,000% revenue growth from 2022 to 2025 alongside 1,073% domestic volume increase from 2024 to 2025. Subsequent rounds include US$50M Series C (April 2024, DCM-led), US$30M Series C2 (late 2024, Bessemer-led), US$70M Series D (2025, Bessemer-led), and $85M in equity plus credit (March 2026), totaling over $285M including facilities. Funds support US expansion, automation, sorting infrastructure, and network growth amid booming e-commerce sales topping US$1.1T in 2023.
Mar 2023Series BCeltic House Venture Partners (lead); Ying Fund; Lanchi Ventures; Hat Trick Ventures; Vision Plus Capital; Alibaba Group; Freshwave Capital; Qingbo Fund; CH2M Capital$20M-UniUni is a Canadian last-mile logistics and e-commerce delivery platform headquartered in Richmond, B.C., founded in 2019. The company operates an asset-light delivery model optimized for e-commerce with a variable-cost structure for driver recruitment, dispatch, and routing. The company has achieved significant growth metrics, ranking fourth on the Globe and Mail's 2023 list of top-growing Canadian companies with a three-year growth rate exceeding 12,000 percent, and ranking 11th in North America on Deloitte's Fast 500 list in 2024.
Apr 2022Series AZongTeng Group (lead); Celtic House Asia Partners; Seed2IPO Capital Corp; Yanwen Express$11M-UniUni is a last-mile logistics tech startup offering a gig worker-powered e-commerce delivery platform using passenger vehicles. ZongTeng Group invested in UniUni's Series A round of $11M on June 28, 2022, alongside Celtic House Asia Partners, Xitu Capital, and YANWEN Express. The company, founded in Richmond, B.C., Canada in 2019, has since raised additional rounds including a $68M (US$50M) Series C in April 2024, $41.6M (US$30M) Series C2 in November 2024, and $96M (US$70M) Series D in 2025, bringing total funding over US$200M. Later financings include $85M (US$30M equity + US$55M credit) in 2026 led by Rockets Capital. UniUni focuses on North American expansion, deploying advanced sorting machines, AI, robotics, and partnerships like eBay and Global Robotics Service to enhance parcel throughput and delivery speed.
Dec 2020AngelRed Thread Ventures (lead); Seed2IPO Capital Corp$4M$14M-
Nov 2019Seed-$500K$3M-

Who has invested in UniUni?

23 investors have backed UniUni across its funding rounds, including Celtic House Venture Partners, Vision Plus Capital, Lanchi Ventures, Bessemer Venture Partners, DCM Ventures and Fosun RZ Capital.

Lead investors include Bessemer Venture Partners, Sinovation Ventures, DCM Ventures, Fosun RZ Capital, Vision Plus Capital and 3 other investors.


UniUni Investors

Investors in UniUni by funding rounds participated
InvestorHQRoundsRoleFirst check
Celtic House Venture PartnersCanadaToronto5LeadMar 2023
Lanchi VenturesSingaporeSingapore4ParticipantMar 2023
Vision Plus CapitalChinaHangzhou4LeadMar 2023
Seed2IPO Capital Corp--2ParticipantDec 2020
Joy CapitalChinaBeijing2ParticipantNov 2024
Bessemer Venture PartnersUnited StatesSan Francisco, CA2LeadNov 2024
LFX Venture PartnersUnited StatesLos Angeles, CA2ParticipantNov 2024
Fosun RZ CapitalChinaBeijing2LeadDec 2023
Freshwave Capital--2ParticipantMar 2023
DCM VenturesUnited StatesSan Francisco, CA2LeadApr 2024
Brightway Future CapitalUnited StatesSan Francisco, CA1ParticipantJun 2025
Ying FundUnited StatesLos Angeles, CA1ParticipantMar 2023
RedpointUnited StatesSan Francisco, CA1ParticipantJun 2025

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by UniUni

UniUni has acquired 1 company to date.

Last acquisition by UniUni was on March 19th 2025. UniUni acquired Shippie for undisclosed valuation.


Latest Acquisitions by UniUni

Shippie
Description
Shippie is a Canadian software provider developing delivery management solutions for service providers. Its platform handles dispatching, routing, scheduling, and customer notifications for courier and logistics operations. Users submit inquiries via the website for customized implementations. Based in Canada, Shippie targets small to mid-sized delivery firms with tools for real-time tracking and proof-of-delivery integrations.
HQ CountryCanada
HQ City
Toronto
Deal Date19 Mar 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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UniUni Competitors

UniUni competitors include listed companies like Hangzhou SF Intra-City, Heartland Express, Marten Transport and Prosegur Cash, and private ones like Yunniao Delivery and Shanghai ANE Logistics.

Public and private companies comparable to UniUni
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Hangzhou SF Intra-CityChinaChinaPublicly listed$3.4B$54M$991M0.2x
Yunniao DeliveryChinaBeijingPrivate--$1B-
Heartland ExpressUnited StatesUnited StatesPublicly listed$806M$102M$922M1.3x
Marten TransportUnited StatesUnited StatesPublicly listed$884M$130M$1.1B1.1x
Prosegur CashSpainSpainPublicly listed$2.3B$389M$1.1B0.8x
Shanghai ANE LogisticsChinaChongqingPrivate--$1.2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hangzhou SF Intra-City$3.4B$54M0.2x0.2x11.8x8.4x
Keytop Parking$124M$29M7.5x-32.3x-
Reysaş Lojistik$257M$142M4.8x-8.6x-
CTT Correios de Portugal$1.4B$202M----
Logwin$1.6B$131M0.4x0.4x4.7x4.7x
NTG Nordic Transport$1.8B$135M0.7x0.7x9.6x8.2x
Heartland Express$806M$102M1.2x1.3x9.9x6.8x
Marten Transport$884M$130M1.1x1.1x7.7x7.6x

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Common questions about UniUni

When was UniUni founded?UniUni was founded in 2019.
Where is UniUni headquartered?UniUni is headquartered in Canada.
Is UniUni publicly listed?No, UniUni was acquired by MAK Acquisition in May 2026.
Who acquired UniUni?UniUni was acquired by MAK Acquisition in May 2026.
How much was UniUni acquired for?UniUni was acquired for $1B in May 2026.
What is UniUni's valuation?UniUni was last valued at $14M in its angel round in December 2020.
How much funding has UniUni raised?UniUni has raised $205M across 8 funding rounds.
What was UniUni's last funding round?UniUni's last funding round was a $70M Series D in June 2025, led by Bessemer Venture Partners and Sinovation Ventures.
Who are UniUni's investors?UniUni's investors include Celtic House Venture Partners, Lanchi Ventures, Vision Plus Capital, Seed2IPO Capital Corp, Joy Capital, Bessemer Venture Partners, LFX Venture Partners, Fosun RZ Capital, Freshwave Capital, DCM Ventures and 13 others.
Which companies are comparable to UniUni?Companies comparable to UniUni include Hangzhou SF Intra-City, Yunniao Delivery, Heartland Express, Marten Transport, Prosegur Cash and Shanghai ANE Logistics.
How many companies has UniUni acquired?UniUni has acquired 1 company, including Shippie.

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