Tul, an e-commerce platform specializing in construction materials, recently raised $181M in a funding round led by 8VC. Other investors in the equity funding round included Avenir Growth Capital, Coatue, Tiger Global, and SoftBank Latin America Fund. The capital will allow for expansion into new markets in emerging economies, including Brazil. The platform enables individuals to source materials, offer financing, rent tools, and track invoices and orders.
Colombian E-Commerce Startup Tul Nabs $800 Million Valuation