The startup boxful, focused on e-commerce logistics in Central America, has closed a $1.9 million pre-seed round led by Innogen Capital, Carao Ventures, Caricaco Ventures, as well as Mexican funds GAIN and Angel Hub.
The round also included the participation of Yango Group’s corporate venture capital and other regional strategic angel investors.
Since its launch in January 2023 in El Salvador, the startup has demonstrated growth by initiating operations in Honduras since September 2024, where it has grown at an average rate of 94% per month. It is now preparing to land in Guatemala and the Dominican Republic.
Boxful, which offers solutions such as a nationwide same-day and next-day delivery management platform, fulfillment services and the first open network of smart lockers in Central America, is growing at a monthly rate of 18%, according to a company statement.
E-commerce in Central America
Central America is currently positioned as an emerging e-commerce region, with a fast-growing and expanding market. In the e-commerce market, the number of users is expected to reach 6.5 million by 2029.
According to boxful, the vision is ambitious: to make e-commerce simple and accessible to all. With a rapidly expanding market and changing logistics infrastructure, the startup is closing gaps in last-mile delivery and enabling more entrepreneurs and businesses to scale their operations efficiently.
“Talent is evenly distributed, but opportunities are not. boxful is an opportunity for the best Central American talent to come and build the largest company in the region and maximize its potential,” Salvador Ramirez, founder and CEO, explains in a statement.
“Our goal is to become the first Central American ‘unicorn,’ demonstrating that the region has the talent to develop global solutions.”
The Salvadorans behind boxful
Salvador is not new to the world of entrepreneurship. Since 2013, he has been creating innovative startups, starting with Get my Food!, the first delivery app in Central America, which operated in El Salvador, Nicaragua and Guatemala.
He also co-founded Hylio, a company that manufactures agricultural spraying drones based in Texas.
Along with Salvador, Roger Sibrián, with more than 26 years of experience in logistics and supply chain, brings his expertise as president of ALG, one of the largest logistics companies in the region.
The co-founding team is completed by Juan Carlos García and Jaime Chávez, entrepreneurs and software engineers with more than eight years of experience in the creation of fintech solutions, delivery apps and SaaS, consolidating boxful as a startup with a unique combination of knowledge in technology and logistics.
Expansion and technological improvement with new capital
According to company information, the funds raised in the round will be used to improve the technology platform and optimize operational efficiency, as well as accelerate expansion into other countries on the continent such as Guatemala and the Dominican Republic.
“Innogen Capital focuses on companies with committed teams. boxful, specifically, has a solid and capable team with experience in logistics, technology and entrepreneurship, in addition to offering valuable products and services for entrepreneurs,” said Christian Quiñonez Sol, Managing Partner of Innogen Capital Ventures.
With sustained growth and expansion underway thanks to this new round, the startup is looking for more strategic allies and talent to strengthen its team. Companies interested in boosting their e-commerce business can do so directly through its website, in addition to looking for talent based in Central America, betting more and more on generating opportunity in the region.
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