Colombian startup Tul raises US$181 million, plans Brazil, Mexico expansion

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SAO PAULO : Colombian startup Tul, an e-commerce platform that sells construction materials to small-sized retailers, announced on Tuesday it has raised US$181 million in a funding round as it prepares to expand to Brazil and Mexico.The funding round, which was led by 8VC with participation of Avenir Grow

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SAO PAULO : Colombian startup Tul, an e-commerce platform that sells construction materials to small-sized retailers, announced on Tuesday it has raised US$181 million in a funding round as it prepares to expand to Brazil and Mexico.

Tul was founded in March 2020 and serves as a connection between small construction materials retailers and large suppliers of products such as steel and cement, including Gerdau SA, Henkel, Tigre, Bosch and Cemex.

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