Linio, a Mexico City-based e-commerce platform, raised $50m in funding.
Backers included existing investors Investment AB Kinnevik, the Tengelmann Group, Summit Partners, JP Morgan Asset Management, and Rocket Internet.
Founded in 2012 by Fernando D’Alessio, Linio offers a wide variety of products online in various categories, such as home electronics, technology, entertainment, home, appliances, fashion, babies and toys, books, and personal care products.
A Rocket Internet-incubated e-commerce company, Linio has operations in Mexico, Colombia, Peru, and Venezuela.
The company has raised over $100m in funding to date.