Merama, a startup that partners with e-commerce companies in Latam , raised a $225M Series B funding round co-led by Advent International and SoftBank. This funding round is the largest Latin American Series B to date.
Merama invests in small e-commerce companies, typically a majority stake, and helps them operate and scale with high-impact, high-growth initiatives. Â
To date, the startup has acquired more than 20 businesses across Latin America from a broad range of consumer products.
âThis new financing from some of the worldâs premier investors is a strong affirmation of Meramaâs business model, momentum, and the size of the market opportunity,â said Sujay Tyle, co-founder and CEO of Merama.
The startup only recently raised a $160M Series A funding round in May this year.
New investors Globo Ventures joined existing investors Monashees, Valor Capital, Balderton Capital, and MAYA Capital in the round. With the new funding, Merama will now push regional growth and continue to develop its technology.
âMerama has quickly begun building a select portfolio of leading online brands in the rapidly expanding Latin American e-commerce market. We are thrilled to partner with them and support their mission to remove merchantâs traditional barriers to scale, building category leaders throughout the region,â said Paulo Passoni, Managing Investment Partner at SoftBank.
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