Procurement processes often lack efficiency, transparency and access. The mismanagement of tail spend in companies constitutes a significant portion of their overall expenditures. Tail spends involves small, dispersed costs often overlooked, leading to financial losses and compliance risks. This issue underscores the necessity to streamline procurement, enhance productivity for Latin American firms.
WherEx offers an intuitive procurement portal connecting companies with qualified suppliers. WherEX's digital tool lets buyers request products and services and get competitive bids from global suppliers, promoting transparency and competition. By optimizing procurement, WherEx contributes to improved productivity and operations in Latin America.
WherEx offers an intuitive procurement portal connecting companies with qualified suppliers. WherEX's digital tool lets buyers request products and services and get competitive bids from global suppliers, promoting transparency and competition. By optimizing procurement, WherEx contributes to improved productivity and operations in Latin America.
Total raised: $7M
Investors 2
| Date | Name | Website |
| - | Kayyak | kayyakvent... |
| - | Iluminar | iluminar.v... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 23.08.2021 | Series A | $7M | - |
Mentions in press and media 3
| Date | Title | Description |
| 24.08.2021 | WherEX, E-sourcing Tool B2B Marketplace Raises $7Million Series A To Expand To LatAm And The US Market | – Chilean based startup grows to Mexico, Colombia, Peru and has its eye on the US Market in 2022. – Juan Carlos Hurtado, co-founder and CEO, claims by year end should be doing $1 billion in transactions with more than 200 enterprise clients... |
| 23.08.2021 | WherEX Raises $7M in Series A Funding | WherEX, a Santiago, Chile-based e-sourcing company, raised $7M 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... |
| 23.08.2021 | WherEX, e-sourcing B2B Marketplace Raises $7Million Series A To expand To LatAm And US Market | – Chilean based startup grows to Mexico, Colombia, Peru and has its eye on the US Market in 2022. – Juan Carlos Hurtado, co-founder and CEO, claims by year end should be doing $1 billion in transactions with more than 200 enterprise clients... |