Loggi Technology International (IFC-39134)

  • Brazil
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 26, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 12, 2017

Disclosed by Bank Dec 23, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
PROJECT DESCRIPTION IFC is considering an equity investment of up to $5 million in Loggi Technology ("Loggi"). Founded in 2013, Loggi is a Brazilian technology company that enables businesses, retailers, e-retailers, and restaurants to access a sizeable network of independent motorcycle couriers through its technology platform to provide fast, efficient, and delivery services in urban areas. Its primary interface with users is through smartphone app that connects independent motorcycle couriers with delivery assignments requested by end-users. Based in greater Suo Paulo, Loggi also has operations in the cities of Rio (Rio de Janeiro state), Belo Horizonte (Minais Gerais state), Curitiba (Parans state), and Porto Alegre (Rio Grande do Sul state), with plans to expand to other states as well. In addition to administrative offices in the Suo Paulo region, Rio, Belo Horizonte, and Curitiba, it also has a distribution center in Suo Paulo for "cross-docking" purposes (repacking bulk e-commerce orders originating from clients' warehouses into smaller batches for at-home deliveries by vans and motorcycles), with plans for adding others. The company is owned by its founders and initial investors, including Kaszek Ventures, Qualcomm Ventures, Monashees Capital, and Dragoneer Investment Group. IFC is considering an equity investment of approximately $5 million. Funding will be used expand growth in 10 cities throughout Brazil.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The project sponsors are Fabien Mendez (Co-Founder and CEO) and Arthur Debert (Co-Founder and CPO). Fabien Mendez is the former founder of Brazilian ride-sharing company GoJames, and formerly worked at J.P. Morgan, BNP Paribas, and Ernst & Young. Arthur Debert is the former CTO of subtitling and translation platform Amara, and former CTO of Brazilian online advertising agency, Gringo. Additional investors include Kaszek Ventures, Monashees Ventures, Qualcomm Ventures, and Dragoneer Investment Group.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works