Dafiti, a Latin American online retailer, received €15m in funding.
The International Finance Corporation, a World Bank Group organization, made the investment.
The company intends to use the funds for growth and expansion.
Led by co-founder Philipp Povel, the Dafiti Group is a fashion e-commerce operating in Latin America (Brazil, Argentina, Chile, Colombia, and Mexico).
It employs more than 1,500 people in Brazil and supports jobs indirectly in logistics, information technology and by facilitating demand for locally sourced goods.
Since 2011, the company has raised $275m in funding from Investment AB Kinnevik, as well as JP Morgan, Quadrant Capital Advisors and Teachers’ (OTPP).