The terms of the transaction were not disclosed.
The company intends to use the funds to accelerate continued growth in Brazil.
Founded in 2002 by Bernardo Ouro Preto and Victor Leal, St. Marche operates a supermarket chain that prioritizes proximity, convenience, customer service and a product assortment of 10,000 items.
The company currently has 18 supermarket stores under the St. Marche brand and one emporium under the Empório Santa Maria brand. In 2015, St. Marche partnered with Eataly to launch and operate stores under the Eataly brand in Brazil. The first Eataly location opened in Sao Paulo in May 2015.
St. Marche is the first investment in Brazil by the L Catterton Latin America fund. The Fund has offices in Brazil, Colombia, Mexico and New York and has previously made an investment in Bodytech, the leading health and fitness player in Latin America.