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Mercy Corps backs LiftIt to ease last-mile distribution in Colombia

Logistics is often overlooked as an impact opportunity, but it’s critical for rural producers and small business to succeed.

In Latin America, logistics costs can reach 40% of product value for small businesses, five times the level in OECD countries.

Colombia-based LiftIt’s technology helps small-business owners manage cargo shipments by tapping a network of 500,000 independent truck drivers.

The firm says it boosts the incomes of drivers, while providing quick quotes, shipment tracking, insurance, and same-day delivery for companies. The size of Mercy Corps Social Venture Fund’s seed investment in the company was not disclosed.

The fund has also backed Agruppa, a Colombian agricultural supply-chain venture.

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