LatamList – MadeiraMadeira, the Brazilian homeware marketplace, raises a $190M funding round led by SoftBank Group. Additional contributors to the round included Flybridge, Velt Partners, Brasil Capital, Lakewood Capital, and Monashees.
This is the fifth funding round for MadeiraMadeira. With the new funding round the company is now valued at over $1B, becoming Latin America’s first unicorn for 2021.
MadeiraMadeira is an online home goods platform for purchasing and selling homeware. The company also has nine physical stores in Brazil.
MadeiraMadeira plans to launch new own-brand products, open an additional store, and expand the business following the huge upsurge in online demand during the global pandemic. The company is also looking to expand internationally.
Read more on Yahoo Finance.
