Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Mandaê raises $7.1 million from IFC and corporate venture funds



ImpactAlpha, May 8 – Small businesses account for half of all jobs in Brazil and contribute about one-fifth of GDP. Yet, Brazil is a difficult place to own and run a business. Mandaê is a Brazilian parcel shipping company, with a clientele of small and medium sized e-commerce companies.

Online sales offer growth opportunity for small businesses, and “to facilitate this growth, small- and medium-sized e-commerce companies need access to more affordable and efficient shipping options to support the robust consumer demand,” the IFC said in a statement.

  • Mandaê’s model… the company offers a pick up and packaging service specifically for small e-commerce businesses so they can outsource their delivery operations.
  • Other investors… UPS Strategic Enterprise Fund, Mercado Libre Fund, Tekton Ventures, FJ Labs, Performa Investimentos, Qualcomm Ventures Monashees, and Icon Holding Company also backed Mandaê’s Series B round.

You might also like...