What is Chiper?
Founded in 2020, Chiper operates as a specialized ecommerce platform designed to streamline supply chain services for corner-store owners across Colombia. By digitizing the procurement process, the company addresses critical inefficiencies in the retail ecosystem, providing small-scale merchants with the tools necessary to compete in an increasingly digital economy. Chiper's market position is defined by its focus on the fragmented retail sector, where it acts as a vital intermediary between suppliers and local vendors, effectively optimizing inventory management and distribution logistics.
How much funding has Chiper raised?
Chiper has raised a total of $65M across 2 funding rounds:
Series A
$12M
Series B
$53M
Series A (2020): $12M with participation from Wind Ventures, Monashees, and Kaszek Ventures
Series B (2021): $53M led by Interplay, Endeavor Catalyst, Tiger Global Management, Nosara Capital, inQlab, and Alter Global
Key Investors in Chiper
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
Kaszek Ventures
Kaszek is a venture capital firm focused on partnering with exceptional tech entrepreneurs in Latin America, providing both capital and operational expertise.
inQlab
InQLab is an investment vehicle focused on early-stage technology startups with high growth potential in the Colombian and Latin American markets.
What's next for Chiper?
With the successful closure of its latest financing, Chiper is well-positioned to accelerate its expansion strategy and deepen its technological infrastructure. The company is expected to leverage this capital to enhance its logistics network, broaden its product offerings, and potentially scale its operations into new geographic markets within Latin America. As the firm transitions into a more mature phase of its lifecycle, the focus will likely shift toward achieving sustainable unit economics and solidifying its dominance in the regional B2B ecommerce space. Investors remain optimistic that Chiper's data-driven approach will continue to yield significant improvements in retail efficiency, setting a new standard for supply chain management in emerging markets.
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