<ul data-eligibleForWebStory="true"><li>Backchannel secures $3M in pre-seed funding led by Cathay Latam to address surplus inventory challenges faced by brands in Latin America and globally.</li><li>Surplus inventory, valued at over $500B globally annually, presents inefficiencies exacerbated by economic volatility and post-pandemic disruptions.</li><li>Backchannel's B2B marketplace offers a structured solution tailored to Latin America to help brands manage and strategically liquidate surplus inventory with transparency and efficiency.</li><li>The experienced co-founders of Backchannel, with a successful track record in reverse logistics, envision expanding beyond their initial focus on apparel and consumer electronics to become a central B2B commerce platform across various sectors in Latin America.</li></ul>

Behind the Term Sheet: Backchannel’s $3M Pre-Seed

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