Tech Company Financing Transactions

Tul Funding Round

Tul closed a $181 million Series B investment round on 1/12/2022. Investors included 8VC, Avenir Growth Capital and Coatue Management.

Transaction Overview

Company Name
Announced On
1/12/2022
Transaction Type
Venture Equity
Amount
$181,000,000
Round
Series B
Proceeds Purpose
The company plans to use the funding to fuel its expansion into Brazil and other markets across Latin America, where more than 600,000 locally-owned community hardware stores account for 50% of the region's hardware sales, representing a total addressable market of $120 billion.

Company Information

Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Calle 103 Number 18 A - 48 Piso 4
Bogotá DC, 110111
Colombia
Phone
Undisclosed
Email Address
Not Recorded
Overview
Tul is a mobile app and B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America. Launched in March of 2020, its vision is to fully digitize the operations of remote, local hardware stores which represent 50% of the regions' construction material sales.
Profile
Tul LinkedIn Company Profile
Social Media
Tul Company Twitter Account
Company News
Tul News
Facebook
Tul on Facebook
YouTube
Tul on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Enrique Villamarin
  Enrique Villamarin LinkedIn Profile  Enrique Villamarin Twitter Account  Enrique Villamarin News  Enrique Villamarin on Facebook


 

 

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Next: 1/12/2022: DeepScribe venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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