Yalo, a Mexico-based startup that focuses on AI-driven conversational commerce and aims to lead in traditional retail stores, has secured a $20 million extension of its Series C funding.
SaaS Investors
This extension comes as a result of an alliance with Glisco Partners.
Founded in 2003, Glisco Partners is a growth capital firm based in Mexico City, Mexico. The firm seeks to invest in companies operating in education & training services, retail, energy, financial services, healthcare, software, materials & resources, and real estate sectors.
Yalo Use of Funds
The additional funding will support the company's efforts to continue building products that leverage the potential of AI.
About Yalo
Yalo is a conversational commerce platform based in Latin America. Its platform helps clients improve customer relations and boost revenue through intelligent interactions on platforms like WhatsApp. Yalo leverages AI to create highly personalized marketing interactions with users across multiple channels. Yalo's clients include well-known brands such as Coca-Cola, Nestlé, Mondelez, Coppel, Banco Azteca, and GPA.
Funding Details
Company: Yalo
Raised: $20.0M
Round: Series C Extension
Funding Month: December 2023
Lead Investors: Glisco Partners
Additional Investors:
Company Website: https://www.yalo.ai/
Software Category: Conversational Commerce
Source: https://latamlist.com/yalo-secures-20m-new-investment/