Lowenstein Sandler represented 645 Ventures, an early-stage venture capital firm, in its Series A preferred stock financing investment in Skydropx, a Mexico City-based logistics management platform that helps reduce time and costs by centralizing shipments in one place to provide better customer service.
Skydropx enables end-to-end automated delivery for businesses. The startup currently serves over 50,000 customers and makes over 1.5 million deliveries a month. The new $20 million funding will allow the platform to expand into other countries where e-commerce is rapidly growing, such as Colombia, Argentina, Chile, and Peru. Skydropx is also considering other verticals in fulfillment and plans to launch its own delivery branches in Mexico.
Other investors in the logistics startup included Base10 Partners and Cometa.
The Lowenstein team included Ed Zimmerman, Anthony W. Raymundo, Juan B. Soto, Adam Dickson, Alyssa A. Frederick, Brian A. Silikovitz, Sophia S. Mokotoff, and Samy A. Akli. Lowenstein partnered with a team at Creel, García-Cuellar, Aiza y Enriquez SC, including Jean Michel Enriquez and Esteban Valadez Jiménez, who advised on Mexican law matters.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
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Lowenstein Sandler LLP
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ppaul@lowenstein.com
