Wareclouds, the promising Chilean collaborative logistics startup founded in 2020 by Nicolás Aramayo and Arturo Quiroz, has successfully concluded its third financing round, attracting $2 million.
Of this amount, 2048 Ventures, a New York-based firm, led the round, contributing $1.8 million, while ChileGlobal Ventures followed up with a $200,000 input.
This fresh capital will mainly go towards accelerating Wareclouds’ expansion in the Chilean and Brazilian markets and launching operations in Mexico.
The innovative proposal of Wareclouds lies in a business model where a digital platform connects individual households with small and medium-sized enterprises (SMEs) and large e-commerce operations. These businesses can store their inventory in these households, significantly streamlining logistics. Wareclouds’ owned fleet of dispatchers further bolsters this ingenious solution.
The system features two distinct branches: on the one hand, the fulfillment centers, which are mainly oriented towards businesses and SMEs for quick e-commerce deliveries, guaranteeing same-day delivery or even within a 90-minute timeframe.
The startup has already forged partnerships with over 250 renowned brands such as Unilever, Virgin Mobile, and Copec with this service. In parallel, the cross-docking centers are aimed at traditional channels like neighborhood stores, liquor shops, and small-scale restaurants. Among their highlighted clients in this sector is AB InBev in Brazil.
Addressing the challenges of expanding in Brazil, Quiroz mentioned that while they faced initial hurdles like the language barrier and bureaucracy, these were overcome by hiring a local team and choosing to spend several months in Brazil during the initial phase.
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