e-Commerce platform Olist raises $23M Series D extension

LatamListOlist, a Brazilian e-commerce marketplace, raised a $23M Series D extension round led by Goldman Sachs with contribution from Redpoint eVentures. The total value of the Series D is $80M, following on from the round in November 2020 and previous investment in 2019.

Olist’s complete e-commerce solution provides merchants, shopkeepers, and brands with the tools to quickly and easily set up a digital shop. The tools include a product catalog, logistics management portal, and payments processing software.

The company currently serves 200,000 users across more than 180 countries.

“The pandemic accelerated trading processes around the world, making e-commerce grow at an astonishing rate. This investment round will enable us to expand our resources and continue empowering merchants in the ecosystem,” said Tiago Dalvi, founder and CEO of Olist.

Olist will use the investment to continue expansion and product technology and development. The platform is also looking at potential acquisitions and launching into international markets.

“It’s great to have Goldman Sachs on our investment board. They are one of the largest investors in technology companies and high growth around the world, and will be a great partner in accelerating our trajectory,” Dalvi continued.

Read more on StartUpi.

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