Excend Enlisted for $79MM for Tech-enabled Convenience Retailer
- Excend
- Jun 26, 2024
- 1 min read
The technology-driven retailer enlists Excend for its next phase of capital needs
Bogota, Colombia - June 26, 2024
With over $200MM in accumulated revenue, the innovative tech-driven retailer is exploiting the underserved convenience retail segment in the Andean region and requires $79MM over 4 years to accelerate its rollout in the region.
The new capital injection will allow the Company to expand to a total of 1,450 retail stores.
The Company operates at the highest efficiencies levels due to AI-driven warehouses that mostly automate 150+ supplier relationships and yield inventory hold times of only 19 days.
About Excend
Excend provides investment banking services to middle market organizations.
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