Thursday
May 26
2022

Press Release: Latin American Shipping Solutions Startup clicOH Closes $25 Million Series A Funding Led by Tiger Global

clicOHthe tech-enabled provider of ultrafast shipping for businesses in LatAm, today announced it has closed $25 million in Series A funding. The round, which was led by Tiger Global, with participation from JAM Fund, will support rapid expansion into new markets as the company continues to revolutionize logistics infrastructure throughout the region.

Founded in 2018, clicOH operates in Argentina, Mexico, Chile and Uruguay. The financing will support clicOH’s expansion into Colombia and new product launches aimed at enhancing the sellers’ experience. Previous investors, including Flexport, FundersClub and Vast VC, also participated in this round. Since inception, clicOH has secured a total of $33 million in funding.

“Logistics capabilities throughout Latin America have long been burdened by local infrastructure challenges including lack of tech-enabled infrastructure and population distribution conditions, limiting the ability for global delivery companies to operate here,” said Agustin Novilllo Saravia, co-founder and CEO of clicOH. “Now, through technology and an integrated network of industry partners, clicOH enables e-commerce businesses to efficiently and securely ship goods across the region, and at much lower costs than the revenue share of large marketplaces.”

Photo courtesy of Hello Lightbulb.

Source: Business Wire (link opens in a new window)

Categories
Finance
Tags
e-commerce, funding, impact investing, infrastructure, technology