Pulpos raises $4M to boost Mexican SMEs digitalization

Pulpos, a startup focused on transitioning Mexican small and medium enterprises (SMEs) to the cloud, has closed a $4M seed funding round. Andreessen Horowitz, H20 Capital Innovation, Latitud, and Newtopia participated in the round. 

Pulpos will use the funding to expand their presence in Mexico, specifically with the opening of a new office in Guadalajara. The founders will also grow their software development team and enhance the platform’s Point of Sale (POS) capabilities with artificial intelligence integration.

“Our goal is to offer the best product on the market with an interface that allows merchants to set up their store in minutes and from the cloud, accompanied by the support they deserve,” said Frank Martin, co-founder of Pulpos.

Founded by Franco Silvetti, Frank Martin, and Lucas Cortés, Pulpos eases SMEs’ transition to a digital POS by integrating common tools like WhatsApp. The platform has over 5,000 users in Mexico, where it has helped SMEs who use its platform to increase SME profitability by an average of 20%.

Read more at latamfintech.co