Vtex Raises $140M in Funding

vtexVtex Cloud Commerce Platform, a London, UK-based e-commerce platform serving brands and retailers in 28 countries, closed a $140m funding round.

Backers included SoftBank’s Latin America fund, Gávea Investimentos and Constellation Asset Management.

The company intends to use the funds for the continued global expansion and advancements to its cloud commerce offerings.

Led by Mariano Gomide, co-founder and co-CEO, and Geraldo Thomaz, co-founder and co-CEO, Vtex provides a multitenant commerce platform that unifies customer experiences across all channels into a comprehensive enterprise solution. With an auto-scaling cloud infrastructure and a set of tools, the platform accelerates the commerce transformation of complex operations.
Innovations include a patent-pending passwordless checkout called SmartCheckout™, an architectural network of microservices to deliver continuous updates, and the company’s VTEX IO serverless development framework that enables clients to develop scalable, production-ready web applications for global commerce without infrastructure complexity.

In the beginning of 2019, Vtex purchased UniteU, an e-commerce platform based in the US.
The company is used by Sony, Walmart, Whirlpool, Coca-Cola, Stanley Black & Decker, Nestlé and over 2,500 online stores in 28 countries.



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