What is wherEX?
wherEX operates as an e-sourcing enterprise software solution, specializing in request for proposals (RFPs) and requests for information (RFIs). The platform empowers businesses to streamline their procurement processes by enabling them to solicit bids from a global network of qualified suppliers for products and services. Based in Santiago, Chile, wherEX addresses a critical need for efficient and transparent sourcing in the enterprise market, facilitating connections between companies and a diverse supplier base.
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 founded in 2011 and based in San Francisco, California. The company maintains a variety of relationships with other VC firms and works alongside them.
Jaguar Ventures
Undisclosed investor participating in the funding round.
What's next for wherEX?
The recent major strategic investment positions wherEX for accelerated growth and market penetration. With substantial backing, the company is poised to further develop its platform capabilities, expand its sales and marketing efforts, and potentially explore new geographic markets. This infusion of capital is expected to fuel innovation in its e-sourcing solutions, reinforcing its competitive edge in the enterprise software landscape and supporting its mission to revolutionize global procurement.
See full wherEX company page
