Aug 12, 2020

Route optimization startup Pathfind raises $1.8M Shares LatamList – Pathfind , a tech company that provides optimization solutions in the distribution of charges, raised a $1.8M (R$10M) investment. The investment will help the company maintain the accelerated growth pace imposed by the e-commerce boom. “We anticipate this operation due to an increase in demand beyond our expectations and the increasingly positive outlook for the business,” explained Antonio Wrobleski , the Chairman of the Board of Directors of Pathfind. A recent ABComm survey recorded a 400% increase in the number of establishments that launched electronic commerce. Brazilian e-commerce had a jump in operations in the first half and should accumulate growth of 18% by the end of the year compared to 2019. “If the prospects for e-commerce and logistics are fulfilled as indicated by all indicators, we project growth of 500% at the end of 2021, with revenue of up to $7.4M (R$40M),” he added. Pathfind’s technology delivers a simple and efficient solution for the user, currently serving more than 300 customers, including companies such as Coca-Cola , Nestlé , DHL , FedEx and Heineken . The software plans about 42K routes and runs more than 60M km per month, performing an average of 100K deliveries per day across the country. Read more on Startupi .