SoftBank invests $140M in VTEX

FILE PHOTO: Signage for SoftBank Group Corp. is displayed outside one of the company’s stores in Tokyo, Japan, on Tuesday, May 9, 2016. SoftBank on July 18, 2016, agreed to buy ARM Holdings Plc for 24.3 billion pounds ($32 billion), securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. Photographer: Tomohiro Ohsumi/Bloomberg

LatAm List – Japanese tech giant SoftBank recently announced a $140M (R$580M) investment in VTEX, a Brazilian cloud e-commerce platform. 

Gávea Investimentos and Constellation Asset Management also participated in this round with Riverwood Capital which remains a significant shareholder since investing in 2014.

VTEX will use these resources for R&D and for the company’s global expansion. With 14 offices spread across Latin America, the US, and Europe VTEX already serves 2,500 medium and large brands in 28 countries. 

SoftBank has invested $1.7B in Brazilian startups since launching the $5B Latin American Fund

Read more on Pequeñas Empresas Grandes & Negócios.

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