Business

Chilean logistics startup SimpliRoute is set to boost its growth in Latin America

SimpliRoute secured a $3 million deal and may invest and hire engineers and sales reps across Brazil, Argentina, and Colombia

Chilean startup SimpliRoute secured a Series A round and may invest across Latin America. Photo: SimpliRoute

LABS

27.Apr.2020 12:00 BRT
UPDATED 12:04 BRT

Chilean startup SimpliRoute secured a $3 million Series A round
It may invest and hire professionals across Latin America
The funding infusion was led by TheVentureCity

To boost its growth, Chilean SimpliRoute, an urban logistics solution, will improve its AI-powered logistics platform, since it secured a $3 million Series A round led by TheVentureCity, according to CrunchBase.

The new funding will help the startup to grow its logistics intelligence platform and expand to other countries besides Mexico, Chile, Peru and Uruguay. Beyond the funding infusion, SimpliRoute has raised $1.5 million over the past five years. The startup may soon hire engineers and sales reps across multiple countries in the region including Brazil, Argentina, and Colombia.

According to CrunchBase, Alvaro Echeverria, SimpliRoute’s CEO, said that as demand has expended, the company will priorize growth of its engineering teams and local presence in Colombia, Brazil and Argentina. “We already have customers in the U.S and Europe, and we’re going to invest in our product so that we can accelerate growth in those markets”, he said.