LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Frubana Raises US$12m Over Two Rounds

June 20, 2019
Pixabay Frutana LAVCA

Colombian agtech Frubana raised US$12m over two rounds. monashees, Y Combinator, Kairos and GE32 Capital invested US$2m pre-seed, and Kairos led a US$10m seed round. Frubana was founded in 2018 by Rappi veteran Fabián Gomez.

(Latam List) Frubana is a Colombian agrotech platform that eliminates intermediaries in the food industry between producers and buyers, connecting restaurants directly with producers. The startup has raised a total of $12M in two rounds. The $2M Pre-Seed round was led by Y Combinator, Monashees, Kairos, GE32 Capital, and the following $10M Seed round was raised from Kairos earlier this year.

“Technology allows us to scale, and scaling brings efficiency. Specifically, we have built predictive technology that facilitates routing, operations, and purchasing,” said Fabián Gomez, former Expansion Leader at Rappi, and now CEO and founder at Frubana.

In less than one year of operations, Frubana created 100 jobs, has a monthly growth rate of 50%, and provides services to over 1000 active clients.

Frubana currently operates in Colombia with an estimated $6M in sales per year, and is now preparing to expand into Mexico and Brazil.

Read more on Dinero.

Frubana Raises US$12m Over Two Rounds was last modified: July 2nd, 2019 by csantos
agtechBrazilFabián Gomezfood industryFrubanaGE32 CapitalKairosMexicoMonasheesstartupsVenture CapitalY Combinator
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • "LAVCA estimates that 2022 is on course to be the second biggest year for private equity investment in Latin Americ… https://t.co/Yr5SF66X3g

    18-Aug-2022

    Reply Retweet Favorite
  • LAVCA tracked #privatecapital activity in Latin America and showed signs of resilience amidst rising risks from inf… https://t.co/PfVghlxvXn

    18-Aug-2022

    Reply Retweet Favorite
  • #LAVCAWeek2022 is taking place in person Oct. 11-14 in NYC! Speakers include: Tania Sztamfater Chocolat (… https://t.co/uNg10qSqwx

    09-Aug-2022

    Reply Retweet Favorite
  • Today's top takeaways from the #LatAmVentureBulletin: https://t.co/JY9CRvO0hW https://t.co/KUabMLOT2U

    05-Aug-2022

    Reply Retweet Favorite
  • Leading VCs and tech investors active in Brazil are invited to join LAVCA's #EncontroAnualBrasil. Program highlight… https://t.co/9vWiCTnyuh

    05-Aug-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top