Tul is a mobile app and B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America.

Tul's vision is to fully digitize the operations of remote, local hardware stores which represent 50% of the regions’ construction material sales.

Tul was founded in 2020 by Enrique Villamarin Lafaurie, Juan Carlos Narváez, and Nicolas Villegas. The company is headquartered in Bogota, Colombia, with operations across Latin America.

 

Tul strengthens developing communities by providing locally-run hardware stores with consistent access to construction materials, inventory management capabilities, invoicing services and opportunities to diversify revenue streams.

 

Tul’s tech platform benefits all participants, especially business owners, by utilizing never-before-seen data in this analog industry.

 

Tul has established relationships with some of the region’s largest construction suppliers, including Gerdau, ArcelorMittal, Ternium, Sika, Wavin, Henkel, Phillips Assa Abloy, Bosch, DeWalt, Milwaukee, Cemex and others.

 

Tul is backed by 8VC, Avenir, Monashees, Lightrock, Coatue, Tiger Global, SoftBank Latin America Fund, Foundamental, Vine, Marathon Labs, and others. The company raised $181M in Series B round on Jan 11, 2022. This brings Tul's total funding to $235.1M to date. The latest round valued the company at $800M post-money.

 

 

  • Year founded: 2020
  • Funding Info: $235.1M over 5 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $800M as of Jan 11, 2022
  • City/Town: Bogotá
  • State: Bogotá
  • Country: Columbia
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