Zubale is an e-commerce platform temporary-worker recruitment service provider. DoNews reported on December 21, 2023 that Zubale announced a $25 million strategic investment. The article names QED Investor and NFX among the investors and indicates there are additional participants. The brief cites IT桔子 as the information source. The report does not provide operating metrics, revenue, user counts, founding year, or location. No future plans or use-of-proceeds were specified in the article. Zubale, founded in 2018 by Allison Campbell and Sebastian Monroy, operates a software platform and gig collaborators marketplace that connects retailers and brands with independent workers who pick, pack and deliver e-commerce orders. The company serves fashion brands, supermarkets, specialty stores and pharmacies and competes with players such as Rappi, iFood and Cornershop. Zubale began operations in Mexico and has expanded into Colombia, Costa Rica and Peru, with plans to build operations in Brazil and Chile. It has tens of thousands of gig workers on its marketplace and has grown roughly 25% month over month for the past two years; headcount in product and engineering rose to 150 from 40 in that period. Management says it is already working with three of the largest retailers and has a lead on 10 others, and has signed contracts expected to more than triple growth in the next month. With the new funding the company plans to invest in technology development and to launch embedded finance products and services such as bill payment, micro payments for insurance and benefits and tools to help workers manage startup costs of gig work. Zubale operates a mobile platform that crowdsources in-store retail tasks by connecting big corporations with Latin American workers who complete short jobs and earn mobile phone credits or other digital rewards. The company focuses on retail, aiming to reduce expense on tasks like stocking shelves, checking prices and building displays by sourcing independent contractors from an inventory of nearby jobs. Founded in Mexico City by two Harvard Business School graduates, Zubale has grown from 10 to 40 full-time employees and has completed 170,000 tasks; workers average 20 jobs per week and can increase their income by about 40%. Zubale cites a large addressable market—Latin American retail generates roughly $2 trillion annually while companies spend about $40 billion on in-store tasks—and plans to remain focused on retail. Management plans to expand beyond Mexico into other countries including Brazil, Chile and Peru, and may eventually offer financial-services products to contractors who frequently use the app. The company recently raised a $4.4 million seed round to support growth.

Total raised

$69M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2023