What is wherEX?
wherEX operates as an e-sourcing enterprise software platform, specializing in streamlining the processes for requests for proposals (RFPs) and requests for information (RFIs). The platform empowers businesses to solicit products and services while efficiently receiving bids from a global network of qualified suppliers. Based in Santiago, Chile, wherEX addresses a critical need for digitized procurement solutions, enabling companies to optimize their supply chain management and vendor selection processes.
How much funding has wherEX raised?
wherEX has raised a total of $7M across 1 funding round:
Series A
$7M
Series A (2021): $7M with participation from Jaguar Ventures, FJ Labs, Tuesday Capital, and Kayyak Ventures
Key Investors in wherEX
FJ Labs
FJ Labs specializes in angel investing at a venture scale, focusing on marketplaces and network effect businesses. They have invested in notable companies such as Alibaba, Coupang, and Rappi, building the world's largest portfolio of marketplace startups, with over 30 achieving unicorn status. The company seeks visionary founders who demonstrate passion, grit, and the ability to execute their vision. FJ Labs is committed to supporting thousands of entrepreneurs who are driving positive transformations in their industries.
Tuesday Capital
Tuesday Capital is a venture capital firm based in San Francisco, California, founded in 2011. The company maintains a variety of relationships with other VC firms and works alongside them.
Kayyak Ventures
Kayyak Ventures is an investment firm that participates in funding rounds for technology companies. Specific investment focus areas are not detailed, but their involvement suggests a strategic interest in the enterprise software sector.
What's next for wherEX?
The substantial enterprise-level backing positions wherEX for significant scaling and market expansion. This strategic investment is likely to fuel product development, enhance global outreach, and bolster sales and marketing efforts. As the company continues to grow, it is poised to further solidify its standing as a key player in the digital procurement and e-sourcing landscape, potentially attracting further capital as it achieves key growth milestones.
See full wherEX company page
