Tiendanube announced the closing of their Series E round for US$500 MM at a valuation of US$3.1 BN (see TechCrunch article here), a round led by Tiger Global and Insight Partners. IGNIA is proud to be part of this incredible journey alongside Tiendanube, achieving an important milestone for the VC ecosystem in Latin America as a newly minted unicorn. The team, led by Santiago Sosa (Co-Founder & CEO), has had an outstanding trajectory during the past 11 years, testament to IGNIA’s strategy of partnering with leading tech entrepreneurs solving Latin America’s most fundamental issues.
Founded in 2010 in Brazil and Argentina, Tiendanube (known as Nuvemshop in Brazil) is one of Latin America’s leading e-commerce solution platforms. Their top-notch technology allows SMBs to set up and manage their own online stores, integrating full-scale payment and fulfillment capacities.
Congratulations to the entire team, we are very excited about Tiendanube’s future!