Altantico led a USD6m Series A for ZAX, a Brazilian B2B wholesale marketplace for clothing, toys and electronics, with participation from FJ Labs, Caravela Capital, GFC and Canary. Caravela and Canary invested USD1.5m in August 2020.
(TechCrunch) – Keeping a small sales business afloat in Latin America can involve long bus trips to find new products, lack of working capital and payment difficulties. These inefficiencies then trickle up to wholesalers who then have to raise costs and deadlines for deliveries.
This caught the attention of second-time entrepreneurs Bruno Ballardie and Fernando Zanatta, who started ZAX in 2019 to develop a platform that unites freight, delivery and payments tools to connect sellers and buyers in Brazil.
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