Boston-based Wellington Management led a USD186m Series E for olist, a Brazilian marketplace aggregator, at a reported USD1.5b valuation, with participation from Valor Capital Group, SoftBank, Corton Capital, Globo Ventures, Goldman Sachs and angel Kevin Efrusy. olist acquired Brazilian ERP platform Tiny and Brazilian e-commerce platform Vinda in November. Goldman Sachs Asset Management led a USD23m Series D+ in April; SoftBank Latin America led the ~USD62m Series D in 2020.
(TechCrunch) – Olist, a Brazilian e-commerce marketplace integrator, confirmed it is now valued at $1.5 billion after securing $186 million in Series E funding, led by Wellington Management.
The new round follows quickly behind a $23 million Series D extension the company announced in April, led by new investor Goldman Sachs Asset Management to bring its total Series D financing to $80 million.
It was then that we profiled Olist, which connects small businesses to larger product marketplaces to help entrepreneurs sell their products to a broader customer base. Its technology enables small merchants to gain market share across the country through a SaaS licensing model to small brick and mortar businesses.
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