LatamList – olist, a Brazilian e-commerce platform, raised a $58M (R$310M) Series D funding round led by SoftBank Latin American Fund. Other investors in the round include Valor Capital, Peninsula, VELT Partners, FJ Labs, and angel investor Kevin Efrusy.
Olist is an online sales platform that incorporates market intelligence technology, catalog services, end-buyer support services, product exposure, and sales. The Series D is the second investment from SoftBank in the company after participating in a $190M round in 2019.
“SoftBank’s investment in olist today marks our second investment in the company, demonstrating our continued belief in its mission to give businesses of all sizes and sectors the best chance to adapt to the new reality of omnichannel and e-commerce sales,” said Paulo Passoni, Managing Investment Partner of SoftBank Group International.
The new funding will enable olist to continue expanding across the region and to develop the company’s infrastructure.
“In the first half of this year olist experienced record growth from an increase in our customer base through integrating our products into new marketplaces. As we accelerate growth, we aim to offer an increasingly complete ecosystem and deliver the best experience for our clients,” said Tiago Dalvi, founder and CEO of olist.
In conjunction with the funding, olist also announced the acquisition of Clickspace, a Brazilian SaaS managing e-commerce platform. The Clickspace team will be fully integrated into olist.
Read more on LAVCA.
