Boxful Raises $1.9M to Boost E-Commerce Logistics and Expand in Central America
With sustained growth, Boxful continues to seek new strategic partners and talent.
Boxful, the multi-carrier platform revolutionizing e-commerce logistics in Central America, has closed a $1.9 million pre-seed funding round. The investment was led by renowned funds from Mexico and the region, including Innogen Capital, Carao Ventures, Caricaco Ventures, GAIN, and Angel Hub, along with participation from Yango Group’s corporate venture capital and other strategic investors.
Rapid expansion and growth in Central America
Since its launch in January 2023 in El Salvador, Boxful has experienced exponential growth. In September 2024, it began operations in Honduras, where it has maintained an average monthly growth rate of 94%. Now, the startup is preparing for expansion into Guatemala and the Dominican Republic, key markets in the region.
The platform offers innovative logistics solutions, including Same-Day and Next-Day nationwide deliveries, fulfillment services, and the first open network of smart lockers in Central America. Currently, Boxful is growing at a monthly rate of 18% and doubling its sales approximately every five months.
Transforming e-commerce logistics
Boxful has a clear mission: to make e-commerce more accessible and efficient for everyone. The startup is closing last-mile delivery gaps, enabling more entrepreneurs and businesses to scale their operations efficiently and seamlessly.
"Talent is equally distributed, but opportunities are not. Boxful is an opportunity for the best Central American talent to build the region’s largest company and maximize their potential," says Salvador Ramírez, founder and CEO. "Our goal is to become Central America’s first unicorn, proving that the region has the talent to develop global solutions."
The team behind Boxful
The Boxful team brings together expertise in logistics, technology, and entrepreneurship:
- Salvador Ramírez, founder and CEO, has led startups such as Get my Food!, the first delivery app in Central America, and Hylio, a Texas-based agricultural drone manufacturing company.
- Roger Sibrián, with over 26 years of experience in logistics and supply chain, is the president of ALG, one of the largest logistics companies in the region.
- Juan Carlos García and Jaime Chávez, entrepreneurs and software engineers with over eight years of experience in fintech, delivery apps, and SaaS.
Investment for innovation and expansion
The funds raised in this round will allow Boxful to:
- Enhance its technology platform to optimize operations and user experience.
- Accelerate its expansion into Guatemala and the Dominican Republic, two of the region’s largest markets.
- Grow its team to support its expansion and develop new services.
- Launch new features such as payment links, consumer credit, and additional services for customers.
Backing from strategic investors
Christian Quiñonez Sol, Managing Partner at Innogen Capital Ventures, highlights "We focus on companies with committed teams. Boxful has a strong, capable team with experience in logistics, technology, and entrepreneurship, offering valuable solutions for businesses in the region."
Rodrigo Villalta Díaz, Investment Manager at Caricaco Ventures, states "Boxful has the potential to transform the e-commerce industry in Central America. Its platform connects businesses with customers quickly, affordably, and securely."
Allan Boruchowicz, Managing Partner at Carao Ventures, adds "Our investment in Boxful is a bet on a dynamic team of experienced entrepreneurs developing technology to digitize e-commerce logistics in Central America. Boxful’s solutions connect buyers, sellers, and logistics operators of all sizes, driving efficiency in the sector and enabling millions of micro-enterprises and consumers to access the region’s growing digital economy."