Chilean startup Justo raises $2.3M for Latam expansion

LatamList  – Justo, an e-commerce platform for restaurants and online stores, recently raised $2.3M from investors including Jaguar Ventures, Investo, and Liquid2 Ventures.

The platform offers restauranteurs and business owners a comprehensive service that allows them to take control of their own online sales process– from taking orders through their website, managing the delivery service, and gaining access to an accelerator to attract more customers with digital marketing strategies.

With this round of funding, the Chilean startup plans to expand into two new markets in Latin America.

“With this step, we strengthen our expansion strategy in Latin America. Our main objective is to strengthen our service and be the best partner that restaurants and shops can have. Currently, we support four thousand shops in Chile and expect to close the year with 500 restaurants in Mexico,” said Nicolás López Jullian, founder and CEO at Justo.

The platform has over 700K registered clients and more than 2000 operating businesses. Justo currently operates in Chile, Peru, and Mexico, and has a market value close to $100M. Commissions for affiliated members range from 7 to 15%.

Read more on Startups Chilenas.

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