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§ Private Profile · Santiago, Region Metropolitana, Chile
Wherex is a technology company.
Wherex delivers an AI-powered B2B e-sourcing and supplier engagement platform. Its software digitizes and automates procurement, tendering, and supply chain processes for enterprises, employing machine learning to optimize quote and tender management. This transforms manual workflows into efficient, data-driven operations.
The company was founded on the insight that traditional corporate acquisition and procurement were inefficient. Wherex aimed to develop a centralized, intelligent system to digitize quotes and tenders, offering strategic support via automated data analysis. This approach empowers businesses to make informed sourcing decisions, leveraging technology.
Wherex serves medium and large B2B enterprises optimizing procurement and supply chain operations, notably in Latin America. Its platform enables efficient sourcing management and access to a broad supplier network. The company’s vision is to enhance its intelligent management platform, providing strategic support for tenders, fostering efficiency and transparency in corporate purchasing.
Wherex has raised $7.0M across 1 funding round.
Wherex has raised $7.0M in total across 1 funding round.
# Wherex: High-Level Overview
Wherex is a procurement and supply chain software company that digitizes and automates purchasing processes for medium and large enterprises[1]. The platform connects buyers with qualified suppliers globally, streamlining the entire procurement workflow from purchase requests to vendor selection while leveraging AI technology to enhance decision-making[1][2].
The company serves procurement, sourcing, and supply chain departments by addressing a critical pain point in enterprise operations: inefficient, non-transparent purchasing processes that often result in financial losses and compliance risks, particularly around "tail spend"—small, dispersed costs that are frequently overlooked[2]. Wherex's core value proposition is enabling data-driven procurement decisions through automation, supplier competition, and real-time analytics that help organizations identify cost-saving opportunities and optimize their purchasing strategies[1].
# Origin Story
Wherex was founded by Juan Carlos Hurtado, Benjamín Garcia, Francisco Puente, and Felipe Manterola, with headquarters in Santiago, Chile[2]. The company emerged to address procurement inefficiencies specific to Latin American firms, where fragmented spending and lack of transparency create operational and compliance challenges[2]. The platform has grown to serve enterprise clients, with the company currently employing 167 people and having raised $7 million in total funding[3].
# Core Differentiators
# Role in the Broader Tech Landscape
Wherex operates within the digital transformation of enterprise procurement, a sector experiencing significant momentum as organizations seek to reduce operational costs and improve supply chain resilience. The company is positioned at the intersection of several converging trends: the shift toward cloud-based enterprise software, the adoption of AI for business process automation, and growing focus on supply chain transparency and vendor management in the post-pandemic era[1][2].
The timing is particularly favorable for Wherex given increased enterprise scrutiny on procurement efficiency and tail spend management. By targeting Latin American markets—where procurement digitization lags behind North American and European counterparts—the company addresses an underserved geographic segment with significant growth potential[2]. The platform's emphasis on connecting global suppliers with regional buyers also reflects broader trends toward digital marketplaces and decentralized sourcing networks.
# Quick Take & Future Outlook
Wherex is well-positioned to capitalize on the enterprise procurement software market's expansion, particularly in emerging markets where digitization remains incomplete. The company's focus on AI-driven automation and supplier transparency aligns with long-term enterprise priorities around cost optimization and supply chain resilience.
Looking ahead, Wherex's growth will likely depend on deepening its footprint in Latin America while potentially expanding into adjacent geographies, expanding its AI capabilities to provide more sophisticated predictive analytics, and strengthening integrations with the broader enterprise software ecosystem. As procurement becomes increasingly central to enterprise cost management and sustainability goals, platforms that combine automation, transparency, and strategic insights—like Wherex—will likely see sustained demand and influence within the broader digital enterprise landscape.
Wherex has raised $7.0M in total across 1 funding round.
Wherex's investors include Kayyak Ventures, CrunchFund, FJ Labs, Wollef.
Wherex has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Series A in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $7M Series A | Kayyak Ventures | CrunchFund, FJ Labs, Wollef | Announced |