Latii November 2024 Seed Funding Round

Founded in 2023 by Santiago Bueno, Juan Pascual Orero and Alejandro Roldán Pardo. Latii is a New York-based Colombian startup focused on improving supply chain efficiency for high-end construction materials. Its technology platform facilitates the connection between builders, architects, designers, and manufacturers of bespoke windows and doors. Latii recently closed its $5 million seed round. This round was led by Leadout Capital, with the participation of Era Ventures, Act One, Nine Four Ventures, and RADV. Latii’s pre-financing included a pre-seed round of $2.1 million, bringing its total capital to $8.3 million.

Latii plans to use this investment to boost the development and release of tools based on artificial intelligence (AI). These tools aim to further streamline the supply chain process for customers and manufacturers. This will be achieved through the automation of tasks, such as instant quote generation and logistics optimization.

The backing of renowned investors like Leadout Capital and Era Ventures not only brings capital to Latii but also credibility and experience. These investors carefully select the startups they invest in, indicating their confidence in Latii’s potential to transform the construction industry. The investment will also enable Latii to expand into new markets and strengthen its position as a leader in optimizing the supply chain for construction materials.

Latii focuses on three key aspects to achieve its objectives:

Technology platform: Latii has developed an online platform that connects builders, architects, and designers with high-quality manufacturers. This platform allows users to specify their needs and receive accurate quotes in seconds.

AI Tools: Latii leverages the power of AI to automate tedious and complex tasks in the purchasing process. This allows for a smoother experience for users and greater efficiency for manufacturers.

Premium materials: Latii partners with renowned manufacturers in Latin America to offer high-quality windows and doors at competitive prices.

Ultimately, Latii’s goal is to revolutionize the supply chain for high-end construction materials. Through its technology platform and AI tools, Latii aims to streamline the purchasing process, reduce costs, and connect builders with the best manufacturers in the region. The recent investment will enable Latii to consolidate its market position and expand its reach, which could have a significant impact on the construction industry.