Digital Horizon has announced that it has invested in the $25 million Series A funding round for clicOH, the tech enabled provider of ultra-fast shipping for businesses in Latin America.
The round was led by Tiger Global with participation from JAM Fund, Flexport, FundersClub and Vast VC.
Founded in 2018, clicOH operates in Argentina, Mexico, Chile and Uruguay. The company offers a comprehensive shipping solution for companies that sell through e-commerce, marketplaces and apps. clicOH’s integrated platform allows e-commerce businesses to obtain key information to aid their decision making.
“Logistics capabilities throughout Latin America have long been burdened by local infrastructure challenges including lack of tech enabled infrastructure and population distribution conditions, limiting the ability for global delivery companies to operate here,” said Agustin Novilllo Saravia, co-founder and CEO of clicOH.
“Now, through technology and an integrated network of industry partners, clicOH
enables e-commerce businesses to efficiently and securely ship goods across the
region, and at much lower costs than the revenue share of large marketplaces.”
The financing will support clicOH’s expansion into Colombia and new product launches aimed at enhancing the seller’s experience. clicOH aims to provide the most efficient and affordable shipping services for businesses across Latin America.