Teclogi, a startup founded in 2020, aspires to become the ‘logical and digital heart’ of the cargo transportation, and its co-founders aim to achieve revenues exceeding COP$35,000 million by the end of the year.

Dairo Ortiz and Humberto Coronado, the creators of Teclogi, faced the dilemma of logtechs: being technology companies or logistics companies, but they resolved it by defining their startup with two distinct business areas.

“On one hand, we have a line where we offer solutions to transport companies that want to manage their fleets and all their processes more efficiently, but we also have a platform that allows cargo generators to trace and manage regulatory issues,” explains Ortiz, co-founder of Teclogi.

This company, which recently completed a financing round worth USD$4.6 million thanks to Acumen Latam Impact Ventures, also offers a marketplace that connects those who need to transport cargo with available vehicles.

In a country with challenging geography for logistic companies, where most of the foreign trade originates in ports and is transported on roads prone to blockages or piracy, the combination of informality and lack of digitization affects the competitiveness of the transportation sector and companies in general.

“We see ourselves as a logical and digital heart focused on cargo transportation, interconnecting transactional and operational platforms of cargo generators, transport companies, seaports, industrial parks, free trade zones, and other logistics stakeholders,” highlights Coronado, CEO of the startup.

Currently, the logistics company has a presence in multiple cities, including Santa Marta, Barranquilla, Cartagena, Buenaventura, Bogotá, Cali, and Medellín.

With the recently raised funds, they plan to expand to Nariño and Cúcuta for cross-border transportation operations.

“The next step is to open offices in Peru and Ecuador in the first quarter of 2024, and reach Mexico in the second half of 2024 with the launch of a second investment round,” revealed Dairo Ortiz.

Regarding the challenge of obtaining financing, Coronado points out that, from the beginning, the company has been focused on achieving a point of balance and positive Ebitda.

“We have managed our finances carefully and have even sacrificed growth to do it sustainably,” conclude the entrepreneurs.