# Sugo SAC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sugo-sac

- Industry: Retail
- Headquarters: Lima, Peru
- Website: www.sugo.pe
- Total disclosed funding: $5.5M
- Latest round: Seed (Mar 9, 2022)
- Investors on record: 3

## About

Based in Lima, Peru, and founded in 2019 by its CEO Jean Azañedo and COO Ignacio Bordigoni, Sugo SAC operates as an e-commerce platform that offers soon-to-expire products. In March 2022, Sugo Store raised USD 5.5 million in seed funding from FEMSA Ventures, IDB Lab, and Nazca Capital. As of May 2022, the company operates in Peru and Colombia, and has more than 120 strategic partners as well as rescued more than three million products.

Sugo SAC product offering includes hair care, skin care, food and sauces, beverages, chocolate, sweets, snacks, spirits, beauty products, kitchen and bathroom cleaning products, car accessories, home appliances, children feeding product, toys, clothes, accessories, books, backpack, lunch boxes, speakers, camera, LED light, mouse, and security cable. In addition, the company also offers a CoreZero management, quantification, and authentication services platform that allows the companies to obtain an equivalence of their impact on CO2 units. 

The company will use the seed funding to expand throughout Peru and at a regional level in Colombia, Mexico, and Chile and promote the circulated economy.

## Funding rounds

- Seed, Mar 9, 2022, $5.5M — Nazca Capital, IDB Lab, FEMSA Ventures

## Investors

- Nazca Capital (https://capitalatlas.ai/funds/nazca-capital) — Seed
- IDB Lab — Seed
- FEMSA Ventures (https://capitalatlas.ai/funds/femsa-ventures) — Seed