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Agosto 23, 2021

WherEX closes successful financing round in London

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WherEX is a platform for B2B procurement that connects every requirement of a firm with all possible offers using artificial intelligence. This allows for transparency and increased competition in procurement processes. Today they work with around 177 companies from various sectors, ranging from agriculture to mass consumption, allowing them to generate savings of between 5% and 15% of their costs. This is possible due to the fact that the platform triples the number of suppliers in the supply matrix.

With this lift they seek to continue with their internationalisation plan, which began in 2020 with their arrival in Peru and has continued strongly in Mexico in 2021.

Read the full article in El Mercurio

The startup recently closed a successful US$7 million Series A investment round, led by Chilean impact investment and venture capital firm Kayyak Ventures, and advised by Barros Silva Varela & Vigil and Latham & Watkins.

PARTICIPATING LAWYERS

Jorge Vigil López

Jorge Vigil López

jvigil@bsvv.cl
Oscar Cáceres Venegas

Oscar Cáceres Venegas

ocaceres@bsvv.cl
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