Founded in 2020 by Juan and Santiago Gavito and Iker Garay, Quinio acquires, operates and builds consumer packaged e-commerce brands focused on home & kitchen, beauty and personal care, baby, health and household categories. The company owns and operates several brands with a presence in Mexico, Colombia, Chile and the U.S. Quinio has doubled down on business development and M&A, implemented tighter acquisition criteria filters, and shifted to be more product-centered and technology-driven. Management says tech tools have reduced non-strategic employee tasks, improved revenue and cost projections, aided catalog expansion and product development, and optimized marketing ROI. The company is profitable, has over 100 employees, and its brands report solid growth while gaining regional presence. Quinio expects to end 2022 with over $50 million in annual recurring revenue and plans to use the new capital to continue acquiring, operating and scaling brands across Latin America. Quinio acquires medium-sized marketplace brands and centralizes operations to increase sales, improve operational efficiency and optimize cost structures. The company targets sellers with $100,000 to $20 million in annual revenue and emphasizes locally sourced products, planning over 60% of its portfolio to be local. Quinio launched last year and will begin the new year with 10 brands representing a $10 million revenue run rate and has recorded double-digit monthly growth so far. The startup currently has 33 employees and plans to expand its headcount to over 100 by the end of next year. With over 80% of new capital earmarked for acquisitions, Quinio plans roughly three acquisitions per month and aims to add more than 30 brands to its portfolio. It is preparing geographic expansion beyond Mexico into Chile, Colombia, Brazil and Argentina.

Total raised

$60M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Nov 2022