Lokal raises $700K to expand across Chile

Chilean B2B marketplace Lokal raised $700K from Invexor Venture Partners' Discovery II fund. Founded in 2022 by Nicolás Sarquis, Alberto Morelli, and Gabriel Lyon, Lokal connects 500 suppliers with 3,500 retailers across 260 municipalities, offering credit and payment guarantees. The funds will expand its nine-person team and develop an AI restocking tool.