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New Deal


Announced

Completed

8VC led a $181m funding round in Tul.

Financials

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Transaction Value£133m
Consideration TypeCash
Capital Owned-
Capital Bid For23%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

e-commerce

Colombia

Friendly

construction materials

Completed

Cross Border

Minority

Private

e-commerce platform

E-commerce

Acquisition

Private Equity

Synopsis

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8VC, a venture capital fund based in San Francisco, led a $181m funding round in Tul, an e-commerce platform specializing in construction materials, with participation from include Avenir Growth Capital, Coatue, Tiger Global and SoftBank Latin America Fund. "Tul has a significant runway for continued growth as its managed e-commerce marketplace further digitizes the construction industry through fintech and other value-added services," Jamie Reynolds, Avenir Partner.

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