Ivan Ariza

We bootstrapped the business the pre...

at the beginning months, and then we raised some money.

So until now, we are raising close to $12, $13 million.

Three months ago.

Yeah, it was our seed round, yeah.

Yeah.

No, the perceived round was the money that all the founders and close friends put in the company.

We have both and we are joining a fourth that is not disclosed.

We cannot disclose the name right now.

We are bringing a big name in logistics to the company, but we are three guys right now working really hard in this.

Look, across Latin America, if you think about big locations, for example, fulfillment centers, if you look at Amazon, for example, you're going to find that a single location could cost $10.

even more than $100 million.

So right now in Latin America, we don't have these locations in place.

We need to create some big locations, some automatization, and put a lot of effort creating the buildings, the locations that we need to enable this infrastructure to the last mile.

So it's quite expensive.

in the infrastructure side.

In the software side, it's quite similar to other companies, but we need to raise money because we need to implement that capability to the market.

The valuation, we don't have valuation right now.

We are close to Series A, so we only raise money through convertible notes, but the amount is not on this closing right now.

Yeah, we have a cap, but we don't disclose that amount at this time.