Buk. International Financing Round

1.       Deal Description

Tech investor Greenoaks Capital and Japan’s Softbank Group Corp have valued Chilean HR startup Buk at $417 million in its first funding round.

Buk, which operates a human resources management platform, became Chile’s third-most valuable startup, after Cornershop and NotCo. It will use the $50 million raised in the series A to accelerate its growth in Mexico, Peru and Colombia and pursue acquisitions, according to a statement by Greenoaks.

In addition to Greenoaks and Softbank, founders of unicorn companies like Rappi, Kavak, Konfio, GBM, Ualá and Brex participated in the funding round.

Guerrero Olivos, alongside with Gunderson Dettmer, represented BUK in this transaction.

2.       Counsel list

Counsel to Buk:

Chile: Guerrero Olivos

Leading partner: Benjamín Pérez

Partners: Pedro Lyon, Alejandro Chechilnitzky and Pedro Pellegrini

Leading associate: Francisca Martínez

Associates: Jaime Antoñanzas, Alfonso Niklitschek, Maximiliano Reyes

Pablo Escobar and Joaquín Merino

International: Gunderson Dettmer

3.       Date of closing


4.       Deal Value

USD417 million

5.       Jurisdictions involved

United States, Chile, Canada, Cayman, Mexico, Colombia and Perú