Hotmart Company, an Amsterdam, The Netherlands-based provider of a cloud-based platform for creators to build, run, manage, and grow their digital businesses, raised US$130m in Series C funding.
The round was led by TCV with participation from Alkeon Capital.
The company intends to use the funds for growth initiatives including product innovation and international expansion, both organically and through mergers and acquisitions.
This financing comes as Hotmart continues to experience significant growth and advances in its international expansion strategy. Today Hotmart has active creators in over 100 countries, powering transactions of digital products and services to millions of consumers in more than 185 countries. In 2020, Hotmart entered into a business combination with Teachable, a New York-based company that is one of the category leaders in the U.S. The combined gross merchandise value (GMV) transacted on the platform more than doubled compared to the previous year.
Founded by João Pedro Resende and Mateus Bicalho in 2011, Hotmart is a digital enablement platform with an ecosystem of creators and consumers. Its cloud-based technology platform integrates the features and functionalities that creators of all sizes need to build, run, manage, and grow their digital businesses.
The company has around 1,300 employees in 12 offices around the world (Netherlands, U.S., Brazil, Spain, Mexico, Colombia and France), and many open positions available – especially in Product, Development, and Growth areas.