Argentinian Elevva, the company that partners with leading ecommerce vendors to power their businesses, raised a $30 million seed-round led by leading global and regional funds such as Asymmetric Capital, MatterScale Ventures, Canary, Redwood Ventures, Latitud, BluStone, Primo Ventures, Norte, Stanford GSB ‘s 23 Fund, Bolt Ventures and angel investors such as Pierpaolo Barbieri (founder of Ualá), Ariel Lambrecht (founder of 99taxis & Mara), Matt Robinson (founder of GoCardless), among others.
The funds will help Elevva to continue incorporating brands and products to its portfolio and enhance its development in technology. Additionally, the startup unveiled the launch of its lending unit.
“It is a tailor-made solution for small businesses, which will allow SMEs to receive capital to be able to grow and expand. With our new lending solution, we seek to accompany more and more sellers, providing them with unique growth opportunities in the market,” said Maximiliano Chab, co-founder of Elevva
Elevva was founded by Argentine entrepreneurs Félix Elizalde, Maximiliano Chab and Aníbal de Frankenberg. The company’s goal is to “revolutionize ecommerce with a disruptive and innovative business model”. Since its inception, Elevva has managed to partner with companies that have successfully positioned their businesses; but these companies still have the potential to continue growing and scaling their operations.
Elevva offers the possibility of being part of an ecosystem of vendors in synergy, as well as its technological infrastructure. The startup has an internal technology team, which is dedicated to developing an ecosystem of software tools for the optimization of the main business processes, such as logistics, inventory control, imports, omnichannel operation in the main marketplaces in the region, among others.