Ingresar
Tiendanube worth $3.1 billion after funding round
By Dumont
E-commerce startup Tiendanube reached a USD 3.1 billion valuation after it raised USD 500 million to accelerate its expansion in Latin America, securing its spot as one of the region’s fastest-growing players in the sector.The company, which provides online platforms for entrepreneurs to operate their own stores, got the money in a Series E funding round led by Insight Partners and Tiger Global Management. Other investors included Alkeon and Owl Rock, Tiendanube said in a statement.
“With our new investment we will reinforce our mission to reduce barriers to entrepreneurship throughout Latin America, ensuring that anyone can sell in the digital world. It is changing the economy and impacting hundreds of thousands of direct and indirect jobs in the region ”, says Santiago Sosa, CEO and co-founder of Tiendanube in a statement.
Tiendanube raised USD 620 million dollars in financing in the last year and will use this new round of capital to continue growing in Brazil, Mexico and Argentina, where it already has a presence, and this year it will start operations in Colombia, Chile and Peru.
Dumont
Dumont is a Mexican IP law firm founded in 1940. We are committed to assisting our clients in the selection, clearance, protection, enforcement, and exploitation of their IP rights and business interests.
Our practice extends to highly specialized topics such as litigation, copyright, Information Technology, corporate Law and anti-counterfeiting, appraisals of both trademarks and patents in compliance with the Financial Reporting Standards (NIF) by a team of expert lawyers, litigants, and advisors in the various disciplines covered by our area.
We take pride in building strong business and personal relationships with our clients. We remain committed to being extremely responsive and are engaged in answering queries within 24 hours. We are devoted to delivering top-of-the-line legal services in order to achieve our clients’ high expectations.
