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Brazilian Social Commerce Marketplace Facily Quietly Raises $366M In Less Than A Year, Now Valued At $850M

Nov 16, 2021•almost 4 years ago

Amount Raised

$366 Million

Sao Paulo

Description

Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year.

Company Information

Company

Facily

Location

Sao Paulo, Sao Paulo, Brazil

About

The company said its sales volumes grew 43x from January to September. , the company believes that it is at the beginning of its market opportunity. The startup declined to reveal hard revenue figures, saying only that it has experienced “exponential monthly growth” over the last year. Diego Dzodan, Luciano Freitas and Vitor Zaninotto founded Facily in 2018 with a mission of “eliminating the barriers of traditional e-commerce to provide low-income populations in Brazil and throughout Latin America better access to affordable products.”Image Credits: Facily Facily claims that its app is now one of the top three most downloaded in Brazil, one of the fastest-growing apps in the country (according to App Annie) and the fastest-growing e-commerce food app globally ever.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech