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

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

11/16/21, 7:48 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/BR.svgsão paulo
Money raised
$366 million
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 Info

Company
Facily
Location
são paulo, pará, brazil
Additional Info
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.