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Nuvemshop Raises $90M As It Catalyzes E-Commerce And Entrepreneurship Across Latin America

Mar 22, 2021•over 4 years ago

Amount Raised

$90 Million

Sao Paulo

Description

Nuvemshop, the leading e-commerce platform in Latin America, today announced a $90M Series D investment led by Accel with participation from ThornTree Capital and existing investors Kaszek, Qualcomm Ventures LLC and others. In conjunction with the investment, Accel Partner, Andrew Braccia, who sits on the board of directors of global leaders like Slack, Squarespace, PagerDuty and Cornershop, joins Nuvemshop’s board.

Company Information

Company

Nuvemshop

Location

Sao Paulo, Sao Paulo, Brazil

About

Nuvemshop is the leading e-commerce platform of Latin America, transforming and building the largest e-commerce ecosystem throughout the region. With the mission of reducing the barriers to entry for entrepreneurship, Nuvemshop powers nearly 80,000 merchants seeking to launch, develop and promote their own online businesses. By providing a platform with a comprehensive partner ecosystem of solutions and services around payments, shipping, inventory management, marketing and more, SMBs and mid-size businesses can access world-class technology and achieve economies of scale that only enterprise-level retailers once could.

Funding Insights

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

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