Tul Announces $181 Million Series B For Further Expansion Into Latin America, Supporting The 600,000 Local Hardware Stores That Serve As The Backbone Of Their Communities And A Source Of Development
Tul Announces $181 Million Series B For Further Expansion Into Latin America, Supporting The 600,000 Local Hardware Stores That Serve As The Backbone Of Their Communities And A Source Of Development
01/11/22, 2:00 PM
Location
bogotá
Money raised
$181 million
Round Type
series b
Today, Tul, an e-commerce platform that strengthens developing communities by providing locally-run hardware stores with consistent access to construction materials, inventory management capabilities, invoicing services and opportunities to diversify revenue streams, announced it has secured a $181 million Series B. The round was led by 8VC and extended by Avenir, bringing Tul’s total funding to date to nearly $210 million.
Company Info
Location
bogotá, bogotá, d.c., col
Additional Info
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. Tul operates in Colombia, Ecuador and Mexico with plans to expand into Brazil and other Latin American markets. For more information visit https://tul.com.co/.