Chinese express shipping firm ANE Logistics has announced the completion of a $300-million fresh funding round led by Centurium Capital, a leading PE investor focused on the domestic consumer space.
ANE closed its $150-million Series E round from China’s top fund manager CDH Investments in 2018. Per its recent release, ANE featured on the Hurun Global Unicorn List 2019, making it one of the 494 world-wide unicorns.
ANE also counts Goldman Sachs and The Carlyle Group among its investors. Earlier in 2015, The Carlyle Group invested about $120 million in ANE with participation from Goldman Sachs and Haitong Haitong International Securities Group Limited. Prior to it, Sequoia Capital China invested in the firm in two consecutive rounds in 2013 and 2014.
Operated by Shanghai ANE Juchuang Supply Chain Management Company and set up in 2010, ANE offers 15-3000 kg cargo delivery services. It claims to specialise in integrating traditional logistic routes, less-than-truckload shipping networks and IT platforms.
Driven by big data, cloud, and AI, ANE has launched flagship products such as MiNi E-commerce and Arrival On Time. As of December 2019, it operates 4000 routes with a carrying capacity of approximately 40,000 tonne per day.
ANE will use the funding proceeds to innovate its operation and information systems, as well as management efficiency. Going forward, it claims to enhance its cargo transportation capacity to 100,000 tonne per day.
Centurium Capital has closed its debut dollar fund at over $2 billion in July 2019. Its portfolio includes Nasdaq-listed Luckin Coffee, China Biologic Products, online SaaS platform Keking, and online education platform Happy Kids Education, among others.