Chiper is a technology company.
Chiper is a digital platform that connects store owners with the best products in the market, offering low prices, fast delivery, and exclusive promotions.
Chiper has raised $24.0M across 2 funding rounds.
Chiper has raised $24.0M in total across 2 funding rounds.
Chiper has raised $24.0M in total across 2 funding rounds.
Chiper's investors include 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.
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 $24.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in October 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2020 | $12.0M 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 | |
| Apr 1, 2019 | $12.0M Seed | Balderton Capital, Adeyemi Ajao, Dalus Capital, Endeavor Catalyst, Kaszek Ventures, Mindset Ventures, monashees, Oikos Innovation Capital, Tiger Global Management, Gregory Waldorf |