| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Colombia |
| Sector | Marketplace |
| Total raised | $180M (Series B, 2022) |
| Collapse type | Mass Layoff Spiral |
| Founder | Matías Ordóñez |
Tul
"Colombian B2B hardware-store marketplace backed by Andreessen Horowitz, SoftBank, and General Atlantic with $180M raised — executed multiple mass layoff rounds before winding down in 2023."
Cascading layoffs that accelerated the decline
Key Events Timeline
Tul was founded in 2019 by Matías Ordóñez and Santiago García to digitise the supply chain for ferreterías — the hardware and building-material stores that are the primary retail channel for Colombia's construction industry.
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