Valoreo, a Mexico City-based e-commerce holding company, completed an $80m Series B funding.
The round was led by the Latin America fund of L Catterton, with participation from other select investors.
The company will use the capital to accelerate its acquisitions of LATAM e-commerce brands, enhance its technology platform, drive geographic expansion, and accelerate organic growth of its existing brand portfolio.
With operations in Mexico, Brazil, and Colombia, Valoreo acquires, operates, and scales e-commerce brands by leveraging its technology driven integration processes and fulfillment capabilities tailored to the unique dynamics in the Latin American market.
Founded in late 2020 by Martin & Stefan Florea, Alexander Gruell, Cedrik Hoffmann, and Miguel Oehling, the company has completed acquisitions of more than 25 local brands across a variety of categories including Beauty & Personal Care, Baby, Fitness, and Household and sells on platforms including Mercado Libre and Amazon.
In less than one year, the company raised $80m in the seed and Series A rounds from investors across the globe, including KASZEK, Upper90, Presight Capital, Kingsway Capital, and FJ Labs.
FinSMEs
25/02/2022