Source: TI Inside

03/09/2021

The second half of 2021 will represent a leap in the history of Everlog, a logistics management startup from São Paulo created five years ago and with clients from industry, retail and e-commerce in various regions of the country. The company has just received a multifunded investment of R$1.5 million, led by Cedro Capital and counting with the participation of 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 purchase platform that provides shippers with direct access to carriers and to the main freight applications in the market.

To do so, the startup is hiring information technology (IT) professionals and plans to double in size in the coming months, as emphasized by Everlog’s founding partner, Rodrigo Fávero. “We are creating an even more innovative product that addresses a major pain for industries, which is freight hiring,” says the executive.

Since 2016, when it was created, and from providing the market with logistical monitoring of deliveries and auditing of the freight contracted by shippers, Everlog realized the great difficulty that the industry has in performing online freight contracting.

“Finding new partners and with manual processes is not an easy task, making companies lose time and money. Not to mention that the BID (Biding Process) is not easy and restricts pricing options, inviting only a fraction of the available carriers,” explains Fávero, adding that the “platform will connect with the players, i.e. carriers and cargo applications, in order to offer shippers, our customers, a range of options, the best for their real needs.

Numbers

Focusing on the development of innovative solutions and looking towards logistics 4.0, such as blockchain and artificial intelligence, Everlog has broadened its search for professionals capable of building a digital transformation journey for the transportation universe. With the projected expansion, the expectation is to surpass the already positive results obtained in 2020. Even with the Covid-19 pandemic and the 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 the financial result is the recognition, by the market, of the company’s expertise. Appearing in rankings that highlight technological undertakings, competing for awards, and being present in 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 in the “China-Brazil 2020 Inovation Week” award; featured in the “Ranking 100 Open Startups 2020”, which brings the most attractive ventures to the market; and was also highlighted in the “AutoTech 2020 Insights League”. “We have participated in business and investment rounds, and immersions, including abroad. We have already been to Silicon Valley, Portugal, China, Spain, Arab Emirates… We have this ‘foot’ abroad”, emphasizes Fávero.

Numbers also give the dimension of the work developed during the ten years of our trajectory. There are more than 181 thousand monitored deliveries, R$ 430 million in checked freight value, more than 163 thousand occurrences handled, and more than R$ 9.5 million in saved resources (amount that the clients would spend unnecessarily). “In Brazil, 12% of the expenses with logistics are consumed by inefficiency. The solutions provided by Everlog prevent the productive sector from throwing its money down the drain,” highlights Fávero.

The partner-director of Cedro Capital, Alessandro Machado, attests to the qualities and innovation that emerge from the startup, decisive characteristics for the definition of the contribution. “[A proposta da] Everlog 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 an important evolution in the adoption of new technologies for logistics management, and we understand that Everlog can contribute with innovations to the sector,” he says.

The company’s next step is to strongly enter the Goias market, a large national logistics hub. The state recently began to concentrate the largest distribution center for goods in Latin America, a venture of the Post Office Business Agency.