IPSUM is rationalizing construction projects throughout Latin America. In a story originally reported by El Mercurio, this Chilean startup, which improves communication in construction teams to increase productivity, would have won US $ 1M in a startup competition run by the venture capital arm of Mexican cement company Cemex : Cemex Ventures. The Chilean fund Manutara Ventures also contributed to the round.
IPSUM has previously received financing from Wayra, Telefónica’s accelerator, which has an active presence in Latin America.
From the original story of El Mercurio in Spanish:
“These two new partners [Cemex Ventures and Manutara Ventures] joined our efforts, because I realized that their help was complementary. In the case of Cemex, their support can help with our expansion, with the business strategy, while that Manutara is helping with team building and strategic planning, “explains [co-founder Franco] Giaquinto.
Founded in 2014, and with a 2017 in which, among other things, the company was chosen by CB Insights as one of the 100 platforms that is revolutionizing construction worldwide, [IPSUM] has more than 30 clients, in five countries, which has allowed them to be present in 80 construction projects at the same time.
Gianquinto affirms that IPSUM will use the fund to continue its international expansion, starting with a new office in Lima, and to improve its software.
