Getting food to the grocery store is a complex process often taken for granted. Loads, a Chilean company founded by Larry Gil in September 2022, aims to enhance the food supplier network in Latin America and extend its customer base in Asia and the United States. Gil, who comes from a family in the importer business, witnessed the inefficiencies in the industry firsthand, motivating him to create a solution.
The CEO, Larry Gil, devised a system to streamline the importer process, making food products easily accessible. The technology stack includes features like monitoring year-round product availability, real-time order tracking, transparent pricing, access to market data, and financial products. In just a year, Loads has partnered with over 700 importers and 300 suppliers, exporting products to various countries. The platform offers a diverse range of over 15 products, with expectations to market 1.4 million kilograms of food monthly by the first quarter of 2024.
With remarkable growth and a monthly gross merchandise volume exceeding $300,000, Loads plans to continue expanding. Recent funding of $2.05 million from investors like Nazca, Canary, Alaya Capital, and angel investors will support expansion in current markets (Brazil, Mexico, and Argentina) and further growth in Asia, Europe, and the United States. Additionally, the company is focusing on technology development to enhance platform usability and foster embedded fintech capabilities through partnerships. Larry Gil envisions changing industry norms and purchase habits while aiding clients in securing funding for their growth.
