Fundraising Fox

Zubale

Mexico City, MX · Founded 2018 · 1,645 employees on LinkedIn · 12 known investors

Zubale develops e-commerce technology solutions and tools for retailers in Latin America, helping them increase sales and improve customer experience on their digital channels. The company operates across Mexico, Brazil, Chile, Colombia, Costa Rica, and Peru, serving retailers and brands in the region.

Also known as Zubale, Inc.

Founders & leadership

Zubale was founded in 2018 by Allison Campbell and Sebastian Monroy.

ACAllison Campbell
Allison CampbellinFounder
SMSebastian Monroy
Sebastian MonroyFounder

Investors · 12

Also in the syndicate · 6

Bob WhiteJonathan SwansonKevin EfrusyLiquid 2 VenturesSergio RomoXFactor Fund

Funding

SEC filings, press & company announcements

$25M disclosed across 1 of 5 rounds · 2019–2023

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Zubale is a Mexico City-headquartered company that combines software with a marketplace of independent workers to handle the picking, packing and delivery of e-commerce orders directly from retailers' physical stores. Its current product set comprises three offerings: Fulfillment Optimizer Software, a modular end-to-end system covering picking, packing and delivery productivity; Consumer Connect Software, a conversational tool that manages the shopper's e-commerce experience over WhatsApp; and FlexiFleet, a marketplace connecting retailers with freelancers to scale e-commerce operations. The company describes this as an "ecosystem of solutions" for retailers and states plans to add further products.

The business began with a different model. At launch it crowdsourced in-store retail tasks — market research, shelf stocking, price checking and display building — to independent contractors in Mexico, who could be paid in mobile phone credit or digital vouchers, an option relevant in a market where card and bank account penetration were low. Over time the focus shifted toward store-based e-commerce fulfillment and packaged software for retailers' digital channels.

By late 2023 Zubale reported more than 115 clients, over 100,000 freelancers registered on the platform and 30 million tasks completed, with operations spanning roughly 200 cities and more than 3,000 stores. In Mexico it operated in over 50 cities and processed about half a million orders per month, serving customers including Grupo Walmart, Liverpool, Chedraui, Super Aki and Petco.

Founding story

Zubale was founded in 2018 by Allison Campbell and Sebastian Monroy, who met on their first day at Harvard Business School. Campbell had spent nearly eight years at Walmart in merchandising and international strategy roles based in Gurgaon, Shanghai and Shenzhen; Monroy had spent more than seven years in sales roles at Procter & Gamble in Mexico. They identified an opportunity in the roughly $2 trillion annual Latin American retail industry, where an estimated $40 billion was spent on in-store execution tasks, and built a platform to crowdsource those tasks to independent contractors. The company pitched at a Pear demo day south of San Francisco in 2018, and Pear wrote its first check.

Business model

Zubale sells software and software-enabled fulfillment services to retailers and brands, and operates FlexiFleet, a marketplace through which retailers access freelance workers (over 100,000 registered) to execute picking, packing, delivery and in-store tasks. Sources describe an integrated ecosystem of services plus technology rather than disclosing specific pricing mechanics.

Sources do not state pricing terms. Revenue derives from retailer clients using its fulfillment software, WhatsApp-based consumer software and freelancer marketplace; management reported triple-digit annual growth in net revenue over the two years to November 2023.

Traction

As of the November 2023 funding announcement: more than 115 clients, over 100,000 freelancers, 30 million tasks completed, approximately 200 cities and more than 3,000 stores covered, over 50 Mexican cities served, and around 500,000 monthly orders processed in Mexico, with triple-digit annual net revenue growth in the prior two years. During 2023 the company said it began operations with more than ten new clients and entered over 20 new cities. In October 2019 the company had completed 170,000 tasks and had 40 full-time staff, up from 10 a year earlier. Headcount is reported as "+500" on the company site and approximately 1,600 by a third-party data provider as of July 2026.

Latest developments

The most recent funding disclosed in the sources is the $25 million round announced 30 November 2023, intended to grow FlexiFleet and invest in software products for retailers' digital channels. The company website, carrying a 2026 copyright, lists three product lines and locations including the United States and Argentina in addition to its earlier Latin American markets. A third-party profile dated July 2026 reports approximately 1,600 employees and $74 million raised in total.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a regional provider of store-based fulfillment and e-commerce enablement technology for Latin American retailers, in a market Statista projected would reach $300 billion in regional e-commerce revenue by 2027. Company press materials frame its proposition as an alternative to supermarkets relying on delivery aggregators such as Rappi or Cornershop. A third-party listing names Gigwalk, Premise, Observa, TaskRabbit, Wonolo and others as similar companies, reflecting its earlier crowdsourced-task positioning.

Sources emphasize fulfillment executed from retailers' existing stores rather than dedicated warehouses, a flexible freelance labor pool that can be scaled by store and by task, and a modular product set spanning fulfillment operations and WhatsApp-based consumer interaction. In its early phase, differentiation included paying workers in mobile credit and digital rewards for underbanked users and allowing workers to batch multiple 30-minute jobs at a single store location.

Technology

The offering combines modular fulfillment software covering picking, packing and delivery, conversational commerce software built on WhatsApp, and a mobile app-based freelancer marketplace. A third-party profile lists integrations with enterprise systems such as SAP and cites analytics, inventory visibility and order routing capabilities, plus a tech stack including Google Play, Preact, Swift, XML, Canva, Adobe Illustrator, 1Password and GTranslate.

Go-to-market

Direct enterprise sales to retail chains and brands, with country-level general managers and offices in its operating markets. In the early crowdsourcing phase, worker supply was acquired largely through word of mouth and Facebook groups rather than paid marketing.

Mid-to-large retailers, consumer brands and marketplaces in Latin America with physical store networks that fulfill e-commerce orders. Named Mexican clients include Grupo Walmart, Liverpool, Chedraui, Super Aki and Petco. The company states more than 100 brands across Latin America use its services.

Geography

Headquartered in Mexico City. Operations began in Mexico in 2019 (company materials cite 2018 founding) and expanded to Costa Rica, Colombia, Chile, Peru and Brazil; the company website also lists Argentina and the United States among its locations. A third-party profile describes coverage of roughly 200 cities and over 3,000 stores across the Americas.

History

Founded in 2018 by two Harvard MBA students, Zubale started with 10 employees and a crowdsourced in-store task model in Mexico, growing to 40 employees and 170,000 completed tasks by the time it raised a $4.4 million seed round led by NFX in October 2019. Operations expanded to Colombia, Costa Rica and Peru (offices in the latter two dated to April 2019 in one dataset), then to Chile and Brazil. A $40 million Series A led by QED Investors was reported in April 2022 (referenced elsewhere as a 2021 Series A), following about $8 million raised earlier. In November 2023 the company raised $25 million, again led by QED with NFX and Kevin Efrusy participating, to consolidate in Mexico and Brazil and broaden its software catalog, and expanded offices in Brazil, Peru and San Pedro, Costa Rica that December. Cumulative funding is reported at $74 million across nine rounds.

Risks & controversies

No controversies, litigation or regulatory issues involving Zubale are described in the available sources. Reported figures vary across sources — notably headcount ("+500" on the company site versus approximately 1,600 from a data vendor) and the timing of the $40 million Series A (2021 per company commentary versus April 2022 per a data vendor) — and the business depends on a large pool of freelance contractors whose classification and economics are not detailed in the sources.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Brands servedJan 2026100 brands
Cities coveredDec 2023200 cities
Cities served in MexicoNov 202350 cities
ClientsNov 2023115 clients
EmployeesJul 20261,600 employees
Freelancers on platformNov 2023100,000 freelancers
Funding roundsJul 2026$9
Monthly orders processed in MexicoNov 2023500,000 orders/month
Stores servedDec 20233,000 stores
Tasks completedNov 202330,000,000 tasks
Total funding raisedJul 2026$74M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Zubale for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Dec 2023
Office expansion in Brazil, Peru and San Pedro, Costa Rica

Reported expansion of offices to Brazil, Peru and San Pedro, Costa Rica, with the company serving over 115 clients across 200 cities and more than 3,000 stores.

source ↗

Nov 2023
$25M round led by QED Investors to consolidate Mexico and Brazil

Zubale secured $25 million led by QED Investors with participation from NFX and Kevin Efrusy, earmarked for consolidating its presence in Mexico and Brazil and expanding its software catalog.

$25M source ↗

Apr 2022
$40M Series A led by QED Investors

After roughly $8 million raised across earlier rounds, Zubale raised $40 million in Series A financing led by QED Investors (Contxto/Zubale later refer to the $40M Series A as closing in 2021).

$40M source ↗

Oct 2019
Zubale raises $4.4M seed round led by NFX

Zubale, then a Mexico City-based platform connecting corporations with independent contractors performing in-store retail tasks, raised $4.4 million led by NFX, with participation from Industry Ventures, Liquid 2 Ventures, XFactor Fund and angel investors; Pear had written the company's first check.

$4.4M source ↗

Apr 2019
Expansion into Costa Rica and Peru

Zubale opened offices in Costa Rica and Peru, extending operations that began in Mexico and had reached Colombia.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Zubale do?
Zubale provides software and freelancer-powered services that let Latin American retailers pick, pack and deliver e-commerce orders from stores.
Who founded Zubale?
Zubale was founded by Allison Campbell, Sebastian Monroy in 2018.
Who are Zubale's investors?
Zubale's investors include Felicis Ventures, Kube VC, NFX, QED Investors, Wollef Ventures, MAYA Capital Ventures.
How much funding has Zubale raised?
Zubale has disclosed $25M raised across 1 of its 5 known rounds.
Where is Zubale headquartered?
Zubale is headquartered in Mexico City, MX.