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SoftBank Leads a US$110m Investment in MadeiraMadeira

17 September 2019

SoftBank led a US$110m investment in MadeiraMadeira, a Brazilian home goods e-commerce startup, with participation from Light Street Capital and follow-on from Flybridge Capital. KaszeK Ventures and monashees invested previously.

(Crunchbase) SoftBank Group is bullish on Brazil. After announcing its multi-billion dollar Innovation Fund to exclusively invest in Latin America earlier this year, the Japanese investment giant has been putting money into startups in the region left and right.

This morning, Bloomberg and Reuters reported that its latest deal involves leading a $110 million round for MadeiraMadeira, a Brazilian online home goods platform.

Read more at Crunchbase.