Ecommerce

Brazilian e-commerce platform VTEX receives $ 140 million from SoftBank fund

VTEX said it will use this round of investments to research and development (R&D) and to accelerate the company's global expansion

VTEX's office in Rio
VTEX's office in Rio. Photo: Reproduction
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  • Today, the company currently has 14 offices spread across Latin America, the United States and Europe;
  • Ans it serves 2,500 medium and large brands and retailers from 28 countries, including O Boticario, Coca-Cola, L’Oréal, Motorola, Nestlé, Sony and Walmart.

The Latin America Fund, the $ 5 billion fund of the Japanese telecommunications conglomerate SoftBank for Latin America, announced on Friday (22) a $ 140 million investment (equivalent to BRL 580 million) in the Brazilian e-commerce platform VTEX.

The managers Gávea Investimentos and Constellation Asset Management also participated in the contribution. Riverwood Capital, which bought 25% of VTEX in 2015, did not participate in the round, but remains a partner of the company. The information is from the Brazilian newspaper Valor Econômico.

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In a statement, VTEX said it will use this round of investments to research and development (R&D) and to accelerate the company’s global expansion. VTEX positions itself as a platform that accelerates the digital transformation of complex operations through cloud e-commerce. This contribution is crucial for VTEX to scale even faster in such a competitive segment as e-commerce.

The company currently has 14 offices spread across Latin America, the United States and Europe. It serves 2,500 medium and large brands and retailers from 28 countries, including O Boticario, Coca-Cola, L’Oréal, Motorola, Nestlé, Sony and Walmart.