Tul twigs to $181m series B

Jan 12, 2022 • Edison Fu

SoftBank's Latin America Fund took part in the construction materials marketplace’s latest round at a reported valuation of $800m.

Colombia-headquartered hardware marketplace Tul has secured $181m in series B funding from investors including telecommunications group SoftBank, Bloomberg reported yesterday, with construction technology continuing to prosper in Latin America.

Venture capital firm 8VC led the round, which also featured Avenir Growth Capital, Coatue Management, Tiger Global Management, Monashees, Lightrock, Foundamental, Vine Ventures, Marathon Labs and H20 Venture Partners.

SoftBank took part through its Latin America Fund, Tul CEO and co-founder Enrique Villamarin told Bloomberg. The round valued it at $800m…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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