What is Chiper?
Founded in 2020 and based in Columbia, Chiper operates as an online ecommerce platform designed to enhance the supply chain for corner-store owners across the country. By providing essential services, Chiper aims to digitize and streamline operations for a traditionally underserved segment of the retail market. The company's strategic focus on empowering small businesses through technology positions it as a key player in the region's digital transformation.
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 Kaszek Ventures, Wind Ventures, and Monashees
Series B (2021): $53M led by Alter Global, Interplay, Tiger Global Management, Nosara Capital, inQlab, and Endeavor Catalyst
Key Investors in Chiper
Alter Global
Alter Global is an investment firm that likely focuses on disruptive technologies and scalable business models, potentially with a global or emerging markets focus, given its participation in Chiper's Series B round.
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.
inQlab
InQLab is an investment vehicle focused on early-stage technology startups with high growth potential in the Colombian and Latin American markets. Founded in 2013, the company seeks to support disruptive businesses that leverage technology to transform industries.
What's next for Chiper?
The recent major strategic investment signals a pivotal phase for Chiper, likely enabling the company to scale its operations, expand its service offerings, and deepen its market penetration. This infusion of capital is expected to fuel further technological development and bolster its efforts to onboard more corner-store owners onto its platform. Chiper's continued growth will be critical in solidifying its position as a leader in providing essential ecommerce and supply chain solutions for small retailers in Latin America.
See full Chiper company page
