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
05/10/2021
4. Deal Value
USD417 million
5. Jurisdictions involved
United States, Chile, Canada, Cayman, Mexico, Colombia and Perú