99 Minutos’ $40 Million Series B financing

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised 99 Minutos on the deal.

99 minutos announced a $40 million Series B from Prosus and Kaszek Ventures which it plans to use to grow its business in Latin America. 

The company currently operates within 40 major markets across Mexico, Chile, Colombia, and Peru and offers four services: less than 99 minutes delivery, same-day delivery, next-day delivery, and CO2-free delivery. 

What started as an e-commerce company with fast delivery quickly became a last-mile delivery service for other e-commerce companies.

The Gunderson deal team was led by Daniel Green (Picture) and included Adam Spaulding, Joseph McGinley and Jamilah Mena.

Involved fees earner: Daniel Green – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Joseph McGinley – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Jamilah Mena – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Adam Spaulding – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: 99 Minutos;

Author: Martina Bellini