Excend Enlisted for $79MM for Tech-enabled Convenience Retailer

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.