Kunzapp, the startup based in Mexico and Chile specializing in enterprise software management, announced today that it has closed a USD $750,000 investment round. Platanus Ventures, Fen Ventures, and Daedalus participated in the funding. This round represents the largest led by Platanus Ventures since it began hosting Demo Days in 2020.
The startup has shown an impressive 22% month-over-month growth and currently has 20 clients in its portfolio. Among the short-term goals, the company plans to reach $1 million in annual recurring revenue in the next 14 months.
Kunzapp was founded by Laura del Castillo, Francisco Abarca, and Alfonso Brown. Laura del Castillo, a 34-year-old Mexican with previous experience at Rappi and Airbnb, leads the team as CEO. Francisco Abarca, known as “Pancho,” is a civil engineer and previously worked at various startups, including Chipax, where he met Laura. Alfonso Brown, formerly of Mercado Libre, joined as CTO.
The idea for Kunzapp emerged after Del Castillo and Abarca observed the lack of practical solutions for managing multiple software subscriptions in companies. After market research conducted in late 2022, they decided to find the company to address this gap in the Latin American enterprise software market.
According to a report by Aspects Software, the global market for customer interaction solutions was valued at $15.52 billion in 2020 and is expected to reach USD $30.92 billion by 2026. In this context, each organization uses an average of 80 SaaS applications, indicating significant growth compared to previous years.
SaaS market expectations to 2026. (Source: Mordor Intelligence)
SaaS market expectations to 2026. (Source: Mordor Intelligence)
" data-medium-file="https://i0.wp.com/contxto.com/wp-content/uploads/2023/08/Captura-de-pantalla-2023-07-12-a-las-21.27.51.png?fit=300%2C164&ssl=1" data-large-file="https://i0.wp.com/contxto.com/wp-content/uploads/2023/08/Captura-de-pantalla-2023-07-12-a-las-21.27.51.png?fit=1024%2C560&ssl=1" decoding="async" >Cristóbal Silva, managing partner of Fen Ventures, commented on the investment:
“We found the problem that Kunzapp solves for its customers very interesting, as well as the speed at which the team was able to launch a product and start growing. Additionally, we believe they have a very solid founding team, of whom we had very good references.”
With the funds raised, Kunzapp plans to accelerate its growth, expand its customer base, and continue developing new features for its platform. With a steady growth rate and an expanding market, the company is well-positioned to become a key player in the enterprise SaaS space.
