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§ Private Profile · Cundinamarca, Distrito Especial, Colombia
B2B e-commerce platform for independent distributors and corner stores in Latin America, streamlining procurement and logistics.
Based in Bogotá, Colombia, Chiper operates a B2B e-commerce platform and operating system that streamlines procurement, inventory management, and logistics for independent distributors and corner stores across Latin America. The company serves over 250,000 corner stores across five regional markets including Mexico, Brazil, Chile, and Venezuela, processing more than 1 million orders annually while generating approximately $99.4 million in revenue. Utilizing its proprietary AI-driven ChiperOS software platform, the enterprise connects fast-moving consumer goods suppliers with traditional retail outlets and recently partnered with Topsort to integrate retail media advertising tools. Backed by $65 million in total venture funding, including a $53 million Series B round, the 473-employee company is supported by prominent investors such as Nosara Capital, Tiger Global, and Endeavor Catalyst. Chiper was originally founded in 2018 by chief executive officer Jose Bonilla.
Chiper has raised $77.0M across 3 funding rounds.
Chiper has raised $77.0M in total across 3 funding rounds.
Chiper is a B2B e-commerce platform providing an integrated ecosystem for inventory management, order fulfillment, sales processes, and supply chain services tailored to independent stores and corner-store owners in Latin America.[1][4] It serves traditional distribution channels by offering tools like sales force management, supplier management, warehouse management, logistics optimization, digital payments, and customer loyalty programs, primarily targeting small businesses in Colombia and beyond.[1] The company has shown strong growth momentum, raising $65M in total funding including a $53M round, achieving $99.4M in revenue, and scaling to 473 employees while leveraging tech like Kubernetes, Docker, PostgreSQL, and Facebook integrations.[4]
Chiper was founded in 2018 (with some sources noting 2020) in Bogota, Colombia, originally as Blue Pig Studio before rebranding.[1][4] It emerged to digitize the fragmented supply chain for neighborhood markets and independent retailers in Latin America, addressing inefficiencies in traditional wholesale distribution.[1] Early traction came from integrating end-to-end operations for small grocery and convenience store owners, leading to rapid funding and expansion amid rising e-commerce adoption in the region.[4]
Chiper rides the wave of B2B e-commerce digitization in Latin America, where traditional "mom-and-pop" stores dominate retail but face supply chain fragmentation.[1] Timing aligns with post-pandemic acceleration of digital tools for SMEs, fueled by market forces like rising internet penetration, mobile commerce, and demand for efficient logistics amid inflation pressures on small retailers.[1][4] By empowering independent stores against big chains, Chiper influences the ecosystem, fostering inclusive growth in fast-moving consumer goods (FMCG) and competing with regional platforms like Riqra and Clubbi.[1]
Chiper is poised for further dominance in LatAm B2B ecommerce, potentially expanding to new countries and verticals like perishables with its $65M war chest.[4] Trends like AI-driven inventory forecasting and embedded finance will shape its path, amplifying efficiency for underserved retailers. Its influence could evolve by setting standards for SME digitization, turning fragmented markets into scalable networks—building on its mission to modernize traditional trade from day one.[1][4]
Chiper has raised $77.0M across 3 funding rounds. Most recently, it raised $53.0M Series B in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 18, 2021 | $53M Series B | IAN Loizeaux | Alter Global, Endeavor Catalyst, Inqlab, Interplay Ventures, Tiger Global | Announced |
| Oct 1, 2020 | $12M Series A | — | Balderton Capital, Adeyemi Ajao, Footwork, Gigafund, Great Oaks Venture Capital, Hoxton Ventures, Lowercarbon Capital, Monashees, Preston Werner Ventures, Spero Ventures, The HIT Forge, Tiger Global Management, Tribe Capital, UpHonest Capital, Zigg Capital, Arash Ferdowsi, Derrick LI, ED Zimmerman, Gregory Waldorf, Josh Spear, Mike Greenfield, Scott Belsky, Kaszek Ventures, Brian Walsh | Announced |
| Apr 1, 2019 | $12M Seed | — | Balderton Capital, Adeyemi Ajao, Dalus Capital, Endeavor Catalyst, Kaszek Ventures, Mindset Ventures, Monashees, Oikos Innovation Capital, Tiger Global Management, Gregory Waldorf | Announced |
Chiper has raised $77.0M in total across 3 funding rounds.
Chiper's investors include Ian Loizeaux, Alter Global, Endeavor Catalyst, InQLab, Interplay Ventures, Tiger Global, Balderton Capital, Adeyemi Ajao, Footwork, Gigafund, Great Oaks Venture Capital, Hoxton Ventures.