What is Chiper?
Founded in 2020, Chiper operates as a sophisticated ecommerce platform designed to bridge the gap between manufacturers and small-scale retail merchants. By digitizing the procurement process, the company provides essential supply chain services that empower corner-store owners to optimize inventory management and improve operational efficiency. In a market historically fragmented by traditional distribution channels, Chiper serves as a technological catalyst, enabling local businesses to compete more effectively in an increasingly digital economy. The company's market position is defined by its deep integration into the Colombian retail fabric and its scalable model for regional expansion.
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 Endeavor Catalyst, Alter Global, Tiger Global Management, Nosara Capital, inQlab, and Interplay
Key Investors in Chiper
Monashees
Monashees Capital is a venture capital firm focused on Internet and Education, known for its long-term vision and active engagement in high-growth businesses within the Brazilian and broader Latin American markets.
Kaszek Ventures
Kaszek is a premier venture capital firm dedicated to partnering with exceptional tech entrepreneurs in Latin America, providing both capital and operational expertise to support companies from early stages through to pre-IPO.
Tiger Global Management
Tiger Global Management is a prominent investment firm that deploys significant capital across both public and private markets, with a history of backing high-growth technology companies globally.
What's next for Chiper?
With the infusion of $53M, Chiper is well-positioned to accelerate its strategic roadmap, focusing on deepening its technological moat and expanding its geographic footprint. The company is expected to prioritize the enhancement of its logistics network and the integration of advanced data analytics to provide more granular insights to its merchant base. As the firm moves beyond its Series B milestone, the focus will likely shift toward achieving long-term sustainability and cementing its dominance in the Latin American retail technology sector. Continued investment in product development and talent acquisition will be paramount as the company navigates the complexities of scaling a high-growth marketplace in emerging markets.
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