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Bogota’s Tül raises $4 million to improve the supply chain for construction in Latin America – TechCrunch

With a brand new $four million spherical, the Bogota-based provide chain logistics know-how developer Tül is prepping to increase throughout the Latin American area.

Based by Enrique Villamarin Lafaurie and Juan Carlos Narváez, Tül’s know-how connects building producers to the small companies throughout Latin America which might be liable for dealing with half of the stock for building jobs within the area, Lafaurie stated.

Lafaurie beforehand spent ten years working within the building trade for Cementos Argos, the Colombian firm liable for an enormous chunk of cement gross sales in North and South America.

“We’re connecting massive building firms within the again to {hardware} firms on the entrance finish. It’s a means the place producers can connect with these shops and might discuss to these shops and do promotions straight to these shops,” stated Lafaurie. 

By digitizing what had been a primarily analog trade, the corporate has managed to hit a $10 million run income run fee and join 3,000 shops since its launch eight months in the past.

And that’s simply in Colombia alone, stated Lafaurie. The corporate will quickly open up operations in Ecuador, which Lafaurie stated was the second largest {hardware} market (per capita) in Latin America.

The corporate now counts 9 workers on workers and expects to ramp up hiring considerably with the brand new capital.

“Colombia, was essentially the most locked down nation in the entire world. Individuals weren’t allowed to go away their homes, however building was deemed a vital enterprise,” stated Eric Reiner, an investor with Vine Capital Administration, which led the corporate’s seed spherical. “Tül allowed {hardware} shops to ship merchandise on to the development staff. With their logistics community they began a separate model delivering sanitation gear in order that faculties and laundromats might grow to be sanitation stations.”

As Lafaurie describes it, Tül’s on-line service turned a lifeline for the trade.

“The entire trade simply shut down and we managed to maintain these enterprise open by not solely serving to them ship straight to the jobsite, however by turning into the sanitation stations within the neighborhood. The result of that could be very loyal prospects to us that we helped,” he stated. “We’ve got large retention of consumers simply from that.”

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Author

Jonathan Shieber