Frubana raises $65M Series B funding round

LatamListFrubana, a one-stop shop for restaurants, raised a $65M (R$351M) funding round. GGV Capital, Tiger Global Management, SoftBank, Monashees, Hans Tung, and the new Lightspeed Venture Partners participated in the round.

Frubana provides fresh produce and grocery staples for restaurants across Colombia, Brazil, and Mexico. The platform uses smart data to connect local farmers with restaurants to optimize produce and meet demand, reducing waste, and improving efficiency.

In the last year, the startup has tripled its sales and increased its client base six-times over. 

“Over the past 18 months, we have learned and matured as a team in a difficult and demanding situation. We have been resilient and fortunately managed to build a stronger company in such challenging times while supporting our customers as much as possible,” said Fabián Gómez Gutiérrez, founder and CEO.

The new funding will go towards improving Frubana’s technology and to continue expanding operations in Brazil and Mexico.

Read more on StartUpi.

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