Ontario Teachers’ fund weighs $100 million investment in ecommerce logistics startup Xpressbees

Ontario Teachers’ Pension Plan Board is considering making a $100 million investment in ecommerce logistics startup Xpressbees, according to people familiar with the matter.

The Canadian pension investor may buy a stake in the firm at about a $1.4 billion valuation, the people said, asking not to be identified as the information is confidential. The funds would potentially be used for purposes including acquisitions, one of the people said.