Breaking News: Softbank Led US$140M Investment in Brazilian Startup

postado em: Brazil Venture Capital, News | 0

News Summary Softbank led a US$140M investment in VTEX, Brazilian startup, which provides an e-commerce platform (NEOFEED’s article on November 22, 2019). This is the 10th investment in Brazilian startups for Softbank, which announced the establishment of a US$5B Latin American fund this May.   Softbank, Gávea Investimentos (represented by Armínio Fraga, former central bank president) and Constellation Asset Management led this investment, which will be utilized mainly in overseas expansion and R&D.   Outline of VTEX Sales in 2018 were US$179M with a CAGR of 40% over the past five years. This year’s sales forecast is US$250M. VTEX has 15 overseas offices (US, UK, Italy, Spain, Romania, and Latin … Conteúdo