E-commerce delivery company UniUni, one of Canada’s largest and fastest-growing technology-enabled companies, has raised US$85-million in fresh financing to support its expansion.
The company, based in Richmond, B.C., and legally known as Uni Express Inc., raised US$30-million in equity led by Chinese private equity firm Rockets Capita and a US$55-million credit facility provided by Royal Bank of Canada. Four unidentified backers from Quebec and Ontario accounted for more than half of the equity offering, according to a filing with Canadian securities regulators.
The company, which operates a low-cost, last-mile delivery service for customers, including Asian online retail giants Shein, Temu and AliExpress, said in a release that the funding would support UniUni’s deployment of advanced sorting machines across its expanding North American warehouse network and provide working capital.
“E-commerce brands are under immense pressure to deliver faster, operate with greater transparency, and protect their margins in an increasingly competitive market,” UniUni chief executive officer Peter Lu said in a release.
The company is now capable of delivering to 500 cities across North America, covering 65 per cent of the U.S. market and 80 per cent of Canada. The company processes more than one million packages daily and has more than 100,000 registered drivers in its network.
The financing comes less than nine months after UniUni raised US$70-million in an equity deal led by U.S. venture-capital giant Bessemer Venture Partners and China’s Sinovation Ventures and backed by several existing investors, including Ottawa’s Celtic House Venture Partners.
UniUni was founded by Mr. Lu and chief operating officer Kevin Wang seven years ago, originally as a meal-delivery service. It shifted into e-commerce fulfilment during the height of the COVID-19 pandemic and now generates more than $500-million in annual revenues, making it one of Canada’s largest privately held technology and technology-enabled companies.
UniUni ranked 17th on Deloitte’s list of fastest-growing technology companies for North America last fall (and fifth overall in Canada) and said last December that it had experienced a 2,000-per-cent revenue expansion from 2022 through 2025. The company said at the time that domestic volumes increased by more than 1,000 per cent from 2024 to 2025. Last July, the company appointed former Shopify logistics executive Sheila Berry as chief revenue officer.
UniUni has raised US$230-million in equity to date; the company sold preferred shares at $71.65 apiece in its most recent financing, a 27-per-cent increase in valuation over its last preferred share sale in mid-2025.
UniUni has come under fire recently over some labour-practice allegations. Last April, The Information, an online technology news publication, reported that police found workers who spoke only Chinese were living in squalid conditions inside a UniUni warehouse in Connecticut that was not up to code to serve as a residence or commercial warehouse. The company has said it complies with all labour laws and said the Connecticut matter was an isolated situation.
The company is also facing lawsuits for allegedly underpaying workers in California.
In addition, the e-commerce space has been hit after the U.S. cut off a trade exemption last year that allowed packages from China with goods valued at less than US$800 to enter the country tax-free. That previous exemption, known as de minimis, had been crucial to businesses whose supply chains rely heavily on Chinese imports to the U.S.
