What is Tul?
Tul is a mobile app and B2B e-commerce marketplace dedicated to optimizing the construction-material supply chain for hardware stores throughout Latin America. Launched in March 2020, Tul aims to fully digitize the operations of remote, local hardware stores, which collectively account for 50% of the region's construction material sales. The company currently operates in Colombia, Ecuador, and Mexico, with strategic expansion plans targeting Brazil and other Latin American markets. This focus on digitizing a traditionally fragmented market positions Tul as a key player in the region's e-commerce and construction technology landscape.
How much funding has Tul raised?
Tul has raised a total of $185M across 2 funding rounds:
Other Financing Round
$4M
Unspecified
$181M
Other Financing Round (2020): $4M, investors not publicly disclosed
Unspecified (2022): $181M led by Avenir Chrono and 8VC
Key Investors in Tul
Avenir Chrono
Avenir Chrono is an investment firm focused on partnering with founders to build category-defining companies, utilizing a first-principles approach to identify significant market changes and concentrating on dominant growth-phase companies.
8VC
8VC is a technology investment firm backing industry-transforming companies, with partners who have a proven track-record as founders and operators of successful enterprises.
What's next for Tul?
With substantial enterprise-level backing, Tul is poised for significant expansion and operational enhancement. The strategic investment suggests a focus on scaling its B2B e-commerce platform across existing and new Latin American markets, including Brazil. Future initiatives will likely involve further digitizing the supply chain, enhancing logistics, and potentially integrating new technologies to improve efficiency for hardware stores. This capital infusion will be critical for Tul to solidify its market leadership and achieve its vision of transforming the construction material sales ecosystem in the region.
See full Tul company page
