Liftit is a technology company.
Liftit is a digital platform focused on intelligent transportation logistics, providing configurable and efficient technological solutions for daily logistical challenges.
Liftit has raised $25.0M across 2 funding rounds.
Liftit has raised $25.0M in total across 2 funding rounds.
Liftit is a technology company headquartered in Bogotá, Colombia, that provides a highly configurable transportation management platform to automate and optimize first, middle, and last-mile truck deliveries across Latin America.[1][2][3] It serves shippers, transport companies, and internal teams by integrating with their systems via APIs and Excel files to orchestrate optimal routes using proprietary algorithms, while connecting them to a network of independent owner-operator truck drivers called "Lifters."[1][2] The platform solves fragmented logistics challenges in the region—such as inefficient urban transportation, poor visibility, high costs, and unreliable delivery timelines—enabling real-time tracking, data collection for better decisions, and reduced operational expenses.[2][4] With over 300 employees, operations in Colombia, Mexico, and Ecuador, $58.3 million in revenue, and $36.8 million in total funding (including a $22.5 million round in recent years), Liftit demonstrates strong growth momentum in LatAm's logistics sector.[1][3]
Liftit was founded in January 2017 by serial entrepreneur Brian York (CEO), operations expert Felipe Betancourt Celis, and technologist Angel Celis Botto, who built the platform in-house within less than a year.[3][4] The idea emerged from Colombia's fragmented logistics market, leveraging over 500,000 independent truck drivers to create an accessible platform for cargo shipments of all sizes, starting with quick quotations, real-time tracking, insurance, and same-day delivery.[4] Early traction came rapidly: the founders recruited thousands of drivers, secured dozens of small, medium, and large business clients, and partnered with organizations like Mercy Corps for rural logistics strategies targeting farms, co-ops, and associations.[4] Under President Fernando Matias, Liftit has evolved from a Colombia-focused service to a regional leader expanding into Mexico and Ecuador.[2][3]
Liftit's edge in LatAm logistics stems from its three-sided marketplace and advanced tech stack:
These features position Liftit ahead of legacy logistics in a region with high fragmentation.
Liftit rides the LatAm logistics tech boom, fueled by e-commerce growth, urbanization, and demand for efficient urban/middle/last-mile delivery amid infrastructure gaps and 500,000+ underutilized independent drivers.[2][4] Timing is ideal post-pandemic, as shippers seek automation to cut costs and improve reliability in markets like Colombia, Mexico, and Ecuador, where traditional trucking lacks tech integration.[1][3] Favorable forces include rising digital adoption, API-friendly ecosystems, and investor interest (e.g., $36.8M funding, Cambridge Capital backing), enabling Liftit to influence the ecosystem by empowering drivers' incomes, connecting rural producers to markets, and setting standards for traceable, affordable logistics.[1][4][5] As a pioneer, it bridges carriers, drivers, and shippers, potentially reshaping regional supply chains.
Liftit is poised for accelerated expansion with its recent $22.5M funding to enhance automation, targeting SaaS for smaller players and deeper LatAm penetration beyond current markets.[1][2] Trends like AI-driven routing, e-commerce surges, and sustainable urban logistics will propel growth, while partnerships (e.g., Mercy Corps) unlock rural opportunities. Its influence may evolve into a dominant platform, influencing policy on driver networks and inspiring copycats—ultimately transforming Liftit from a regional optimizer into LatAm's logistics backbone, building on its mission to simplify deliveries at scale.[4]
Liftit has raised $25.0M in total across 2 funding rounds.
Liftit's investors include Shift One, Bassin Ventures, Cometa, FJ Labs, Graph Ventures, Latitud, Ride Ventures, Rose Tech Ventures, Social Starts, The Ark Fund, Iqram Magdon-Ismail.
Liftit has raised $25.0M across 2 funding rounds. Most recently, it raised $23.0M Series B in July 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2020 | $23.0M Series B | Shift One | |
| Dec 1, 2017 | $2.0M Seed | Bassin Ventures, Cometa, FJ Labs, Graph Ventures, Latitud, Ride Ventures, Rose Tech Ventures, Social Starts, The Ark Fund, Iqram Magdon-Ismail |