logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

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

Jan 11, 2022almost 4 years ago

Amount Raised

$181 Million

Round Type

series b

Bogotá

Description

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 Information

Company

Tul

Location

Bogotá, Capital District, Colombia

About

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/.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech