Lokal raises $700K to expand across Chile

Chilean B2B marketplace Lokal has secured $700,000 in funding led by Invexor Venture Partners’ Discovery II fund. Founded in 2022 by Nicolás Sarquis, Alberto Morelli, and Gabriel Lyon, Lokal connects convenience stores, minimarkets, and pharmacies with multiple suppliers through a single platform. The funds will be used to expand its team, grow its operations across Chile, and develop an AI tool to optimize product recommendations, ordering, and restocking for its merchants.

Currently, Lokal serves over 500 suppliers and 3,500 retailers in 260 municipalities, with ambitions to reach more than 100,000 small retailers.

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