Dafiti, a Brazilian fashion online retailer, has raised $65m in its fourth funding round.
The round was led by New York-based Quadrant Capital Advisors, which committed $32m, with participation from AB Kinnevik, Summit Partners and other investors through a German holding company.
The company intends to use the funding, structured as cash-for-equity, to bolster its logistical operations and expand its portfolio of brands and products across the five countries in Latin America in which it operates: Brazil, Argentina, Chile, Colombia and Mexico.
Launched in January 2011 by founders Malte Horeyseck, Malte Huffmann, Thibaud Lecuyer and Philipp Povel, Dafiti is a multi-label fashion e-commerce retailer that specializes in apparel, shoes, accessories, beauty and home decor offering more than 80,000 products and 700 Brazilian and international brands.
It currently employs more than 1,200 people.