Chazki Holdings, Inc (the “Company”) has successfully closed its US$ 7,000,000 Series A Round with the participation of the Falabella Group and Talipot Holdings, at a pre-money valuation of US$ 34 million and post-money valuation of US$ 41 million. The transaction also involved the conversion of over US$ 8 million in convertible securities, then held by over 50 investors.
The round comes after having entered into a strategic commercial agreement with retail giant Falabella in mid 2020, which, aside from an option to convert its investment into shares of the Company, granted it certain investor rights within the Company. In that context, closing of the round involved a complex negotiation to reconcile traditional VC standards with corporate VC expectations. Added to that complexity was Chazki’s presence in Perú, Chile, Mexico and Argentina, which demanded that a cross-border due diligence be performed.
2020 was a great year for Chazki and, with the round’s proceeds, the Company aims to refinance its working capital requirements and achieve a leaner operation while readying their landing in Colombia in the coming months.
Target Company (issuer): Chazki Holdings, Inc (the “Company”)
Sellers: New equity issuance.
Name of buyers
- Talipot Investor LLC (Investment vehicle of Talipot Holdings, family office for the Mexican Coppel family of the Coppel retail group)
- Inversiones Inverfal Perú SpA (Corporate venture investment vehicle of the Chilean Falabella Group)
- Prior noteholders
Counsel to Chazki Holdings, Inc
Rebaza Alcazar & de las Casas: Alexandra Orbezo (Partner) and Stefano Amprimo (Associate).
Next Legal LLC: Sofia Yagüe (Partner) and José Herrera (Associate)