Liftit closes a $22.5 million Series B round

Liftit, the Colombia-based freight tech startup automating last-mile logistics in Latin America, announced that it had closed a $22.5 million Series B round led by Cambridge Capital, with participation from IFC, monashees, Jaguar Ventures, NXTP Ventures and others. Liftit estimates that the “short distance trucking market” in Latin America is worth $100 billion and growing thanks to accelerating e-commerce penetration of Latin American retail. Liftit currently operates in Chile, Colombia, Brazil, Mexico and Ecuador.

Source: Benzinga