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Everlog, which serves the Industry, Retail, and E-commerce Sectors, Invests in a New Freight Shopping Platform, Is Hiring, and Aims to Double in Size in 2021
The second half of 2021 will mark a leap in the history of Everlog, a logistics management startup based in São Paulo that was created five years ago and has clients in the industry, retail, and e-commerce across various regions of the country. The company has just received a multi-fund investment of approximately R$ 1.5 million, led by Cedro Capital and with participation from 100 Open Angels and Artesian, an Australian investment fund that made Everlog its first investment in Brazil. The resources are now being applied to the development of a new solution: the creation of a freight shopping platform that provides shippers with direct access to carriers and the main cargo applications in the market.
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To achieve this, the startup is hiring information technology (IT) professionals and plans to double in size in the coming months, as highlighted by Everlog’s co-founder, Rodrigo Fávero. “We are creating an even more innovative product that addresses a significant pain point for industries, which is freight hiring,” the executive says.
Since its inception in 2016, and from providing the market with logistics monitoring of deliveries and auditing of freight hired by shippers, Everlog has found that the industry struggles to hire freight online. “Finding new partners with manual processes is not an easy task, causing companies to waste time and money. Not to mention that BID (Bidding Process) procedures are not easy and limit price options, inviting only a fraction of the available carriers,” explains Fávero, adding that the “platform will connect the ‘players’, i.e., the carriers and cargo applications, in order to offer shippers, our clients, a range of options that best meet their real needs.”
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Everlog Logistics and Transportation Serves Industry, Retail, and E-commerce, Is Hiring, and Aiming to Double in Size as It Completes Five Years in 2021
Focusing on developing innovative solutions and looking towards Logistics 4.0, such as blockchain and artificial intelligence, Everlog has been expanding its search for professionals capable of constructing a digital transformation journey for the transport sector. With the projected expansion, the expectation is to exceed the already positive results achieved in 2020. Even with the Covid-19 pandemic and its impacts on economic activities, the company saw its revenue increase by 30% last year compared to 2019, reaching R$ 1.2 million, according to Marketing Director, Danilo Forti.
Beyond financial results, the recognition from the market of the company’s expertise is significant. Ranking among technological ventures, competing for awards, and being present at activities and events, including international ones, have been part of the routine in these five years of trajectory.
The company was, for example, a finalist for the “China-Brazil 2020 Innovation Week” award; featured in the “Ranking 100 Open Startups 2020,” which showcases the most attractive ventures for the market; and was highlighted in the “Liga Insights AutoTech 2020.” “We have participated in business and investment rounds and immersions, including abroad. We have been to Silicon Valley, Portugal, China, Spain, and the United Arab Emirates… We have a ‘foot’ out there,” Fávero emphasizes.
Numbers also reflect the scale of the work developed during the ten years of operation. There have been over 181,000 monitored deliveries, R$ 430 million in verified freight values, more than 163,000 occurrences handled, and over R$ 9.5 million in saved resources (the amount that clients would spend unnecessarily). “In Brazil, 12% of logistics spending is consumed by inefficiency. The solutions provided by Everlog prevent the productive sector from throwing its money down the drain,” highlights Fávero.
The co-managing director of Cedro Capital, Alessandro Machado, attests to the qualities and innovations that stand out from the startup, decisive characteristics for the investment decision. “[Everlog’s] proposal addresses some important solutions for the logistics chain, especially for shippers to have more efficiency in managing and hiring carriers. In recent years, we have seen significant progress in adopting new technologies aimed at logistics management, and we believe that Everlog can contribute innovations to the sector,” he states.
The next step for the company is to enter the Goian market strongly, a major national logistics hub. The state has recently concentrated the largest distribution center of goods in Latin America, a project from the Postal Agency.
Submit your resume on the company’s website, AT THIS LINK
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