Tul, a Colombian e-commerce platform, raised a $181M Series B funding round led by 8VC. Avenir Growth Capital, Monashees, Tiger Global, Lightrock, Softbank, and others also contributed to the round.
Tul is a B2B e-commerce platform for hardware and construction products. The platform is working to optimize the supply chain for construction materials and hardware stores across Latin America with intelligent inventory management software and invoicing services that streamline the purchasing process.
Co-founders Enrique Villamarín, Juan Carlos Narváez, and Nicolás Villegas launched the company in March 2020. Tul now operates in nine cities across Latin America and provides supplies to more than 200 stores, including Cemex.
“For hardware stores, the process of sourcing, buying, and stocking construction products is inefficient and outdated,” said Villamarín. “We have created a digital solution that will save these suppliers not only time and money, but also help empower the local communities they serve.”
Next steps include expanding into Brazil where Tul aims to launch operations in five new cities in the next nine months.
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