WherEX, a Santiago, Chile-based e-sourcing company, raised $7 Million in Series A funding. The round was led by Kayyak Ventures with participation from FJ Labs, Jaguar Ventures, and Tuesday Capital.

The company intends to use the funds to expand to LatAm and the US market.

Company: WherEX

Raised: $7.0M

Round: Series A

Funding Month: August 2021

Lead Investors: Kayyak Ventures 

Additional Investors: FJ Labs, Jaguar Ventures, and Tuesday Capital

Company Websites: https://www.wherex.com/

Software Category: cloud-based e-sourcing enterprise software 

About the Company: WherEX provides cloud-based e-sourcing enterprise software which makes B2B commerce transparent and increases competition by bringing multiple qualified offers for every product or service tendered in its marketplace. The startup was born in the fishing industry and soon expanded to cover other verticals in industrials, materials, and services.

Source: https://www.finsmes.com/2021/08/wherex-raises-7m-in-series-a-funding.html