# wherEX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wherex

- Industry: Software
- Headquarters: Chile
- Website: https://system.wherex.com/
- Total disclosed funding: $7M
- Latest round: Series A (Aug 13, 2021)
- Investors on record: 4

## About

Based in Chile, wherEX functions as an innovative e-sourcing platform, addressing procurement needs through streamlined solutions that enhance operational efficiency for businesses.wherEX is an e-sourcing platform that aims to optimize procurement processes for companies. Founded in 2016 in Santiago, Chile, the company has successfully completed 3 deals, with its most recent funding round being a Series A where it raised USD 7.00 mn from investors including Kayyak Ventures. The founders of the company are Benjamin Garcia, Felipe Gana, Francisco Puente, and Juan Cruzat, who currently serves as the CEO.wherEX specializes in providing innovative e-sourcing solutions designed to enhance operational efficiency and streamline processes. Their core products cater to both B2B and B2C markets, improving customer engagement, optimizing resource management, and facilitating data analytics. Over the past few years, these offerings have gained traction in global markets, including North America, Europe, and parts of Asia, serving a diverse clientele that spans small to medium enterprises and larger corporations.wherEX generates revenue through a structured transaction model that includes direct sales and subscription services. Clients typically sign long-term contracts, allowing for comprehensive access to the company's suite of products. This approach fosters customer loyalty and ensures a steady stream of recurring revenue. The pricing structure is competitive, featuring tiered plans for various products and premium offerings designed for larger enterprises seeking advanced features and dedicated support.wherEX plans to leverage its recent funding from June 2022, where it raised USD 7.00 mn, to enhance its product offerings and expand its market reach. The company is focusing on developing new solutions aimed at further enhancing procurement efficiency and is exploring entry into additional geographical markets. Specific regions targeted for expansion have not been disclosed, but the company aims to grow its presence significantly over the coming years.

## Funding rounds

- Series A, Aug 13, 2021, $7M — Tuesday Capital, Wollef, FJ Labs, Kayyak Ventures

## Investors

- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Wollef (https://capitalatlas.ai/funds/wollef) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Kayyak Ventures (https://capitalatlas.ai/funds/kayyak-ventures) — Series A