Linio, a LatAm-based e-commerce platform, raised $55m in funding.
The round was led by LIV Capital and Northgate Capital with participation from Kinnevik.
The company intends to use the funds tio further expand its domestic and international marketplace business, with the roll-out of new payments and logistics solutions and the release of enhanced mobile apps. Additionally, the financing will support ongoing investments in marketing.
Launched in 2012 by Andreas Mjelde, CEO, Linio is a B2C e-commerce platform with operations in Mexico, Colombia, Peru, Venezuela, Chile and Argentina. The platform, which features seven different online and offline payment options, pre- and post-purchase telephone assistance, free returns, and delivery times, today offers more than six million products across 60 categories via a network of over 27,000 professional sellers.