Instaleap, a Bogota, Columbia-based SaaS platform that helps businesses operate online sales channels and manage deliveries, secured $5 million in Series A funding.
The round was led by Grupo Pegasus, Redwood Ventures, and Eduardo Castro-Wright, former CEO of Walmart.
The funds will be used to continue developing its technology, explore new business verticals, and expand its operation.
“We have always sought to be rational when growing and focused on maintaining profitability. We are proud to demonstrate that, in these uncertain times, a Latin American startup can raise a funding round to continue growing,” said the CEO of Instaleap, Antonio Nunes
Instaleap offers a platform that manages last-mile logistics for companies that sell online, with a focus on supermarkets and pharmacies. Its platform integrates with the businesses’ operations, allowing them to generate insights from the obtained data and optimize processes.
The company operates in México, Peru, Chile, Brazil, Uruguay, Portugal, Spain, and Italy. Each month, Instaleap makes over one million deliveries to recurring customers like Walmart, 7-Eleven, Walgreens, Grupo Éxito, and Falabella.
Company: Instaleap LLC
Round: Series A
Funding Month: April 2023
Lead Investors: Grupo Pegasus, Redwood Ventures, and Eduardo Castro-Wright
Company Website: https://instaleap.io/
Software Category: e-Commerce and Logistic Solutions
About the Company: Founded in 2019 by Antonio Nunes, Instaleap is a global company that focuses on developing fulfillment and delivery technology. Instaleap provides leading retailers with advanced software solutions to conquer the e-commerce market through flawless operations. Instaleap technology is designed to operate at a large scale, driving cost efficiencies and providing the most delightful digital customer experience, in line with the best providers in the world. The platform is now serving dozens of leading supermarket chains across LATAM, the US, and Europe to achieve last-mile excellence. Instaleap clients include Walmart, 7-Eleven, Walgreens, Grupo Éxito, Falabella, Zappar, Mambo, CSD, Oba Hurtifruti, and Plurix, among others.