August 26, 2021
Willkie represented Insight in the transaction.
On August 17, Nuvemshop, a leading Latin American e-commerce platform, announced that it has raised a $500 million Series E round of funding. The round was co-led by Insight Partners and Tiger Global Management, with significant participation from Alkeon and Owl Rock. Following the company's $90 million Series D financing in March, this newest round of financing values the company at $3.1 billion and brings Nuvemshop's total funding in the last 10 months to more than $620 million.
Nuvemshop is a leading Latin American e-commerce platform which serves more than 90,000 merchants across Brazil, Mexico, and Argentina, ranging from direct-to-consumer (DTC) upstarts to an expanding roster of dominant brands. It integrates products, payments, shipping as well as provides an ecosystem with more than 1,000 partners. The company currently has more than 600 employees and offices in Brazil, Mexico and Argentina. The latest round of funding is expected to help accelerate the company's growth in current markets and support the company's geographic expansion into new countries, including Colombia, Chile and Perú.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
Tiger Global Management is a leading global technology investment firm with over $70 billion under management.
The Willkie team was led by partner Rosalind Fahey Kruse and included associates Anna Martini Pereira, Jenae Moxie, Matthew Naifeh and Marissa Cantu.
