Total amount raised
$365 Million
Latest funding date
7/1/2021
Location
VTEX has successfully raised a significant amount of funding over five rounds, with the latest being a Venture - Series Unknown round. The company is publicly traded under the ticker NYSE:VTEX and has garnered the support of 13 investors, including Volpe Capital and Constellation Asset Management.
Keep reading to explore the intricacies of VTEX's fundraising journey and the investors backing this innovative platform.
What Is VTEX?
VTEX is a digital commerce platform headquartered in London, England, United Kingdom. The company operates in the e-commerce, information technology, SaaS, and software industries. It focuses on providing comprehensive e-commerce strategies for major retailers and consumer brands.
With an employee count ranging from 1001 to 5000, VTEX is publicly traded on the NYSE under the ticker VTEX. The platform is designed to modernize technology stacks, improve operational efficiency, and integrate AI across all commerce layers, making it a preferred choice for CIOs and CEOs worldwide.
How Much Funding Has VTEX Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2012
- Lead Investors: Buscapé
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial growth in the e-commerce sector.
- Series B
- Amount Raised: Not publicly disclosed
- Date: September 2012
- Lead Investors: Naspers, Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series C
- Amount Raised: USD 140,000,000
- Date: November 2019
- Lead Investors: SOFTBANK Latin America Ventures
- Valuation at Round: USD 425,000,000
- Motivation Behind the Round: To support growth, add new online stores, and expand R&D and product capabilities.
- Series D
- Amount Raised: USD 225,000,000
- Date: September 2020
- Lead Investors: Lone Pine Capital, Tiger Global Management
- Valuation at Round: USD 1,700,000,000
- Motivation Behind the Round: To accelerate R&D, global expansion, and meet record demand from B2B and B2C merchants.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and strategic investments.
Total Amount Raised: USD 365,000,000. Current Valuation: USD 1,700,000,000.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Lone Pine Capital
- Details: Lone Pine Capital is an investment advisor that manages funds investing in public and private companies globally.
- Investment Focus Areas: Public and private companies across various sectors.
- Notable Investments: Amazon, Alibaba, Shopify.
- SOFTBANK Latin America Ventures
- Details: SOFTBANK Latin America Ventures is a branch of the multinational conglomerate SoftBank, focusing on investments in technology, energy, and financial sectors.
- Investment Focus Areas: Technology, energy, financial sectors.
- Notable Investments: Uber, WeWork, Alibaba.
- Naspers
- Details: Naspers is a global consumer internet group and one of the largest technology investors in the world.
- Investment Focus Areas: E-commerce, fintech, food delivery.
- Notable Investments: Tencent, Delivery Hero, PayU.
- Riverwood Capital
- Details: Riverwood Capital is a private equity firm that invests in high-growth technology and technology-enabled companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Globant, GoPro, Alog Data Centers.
What's Next for VTEX?
VTEX stands at the cusp of significant opportunities, driven by its expansion into North America, EMEA, and Asia. The company has seen a 114% increase in revenues and processed $8 billion in GMV, indicating a robust market potential. With a $1.7 billion valuation, VTEX is poised to capitalize on the growing demand for e-commerce solutions among major retailers and consumer brands.
Future fundraising opportunities appear promising, given the involvement of high-profile investors like Tiger Global and Lone Pine Capital. These investors often back companies with potential IPO plans, suggesting that VTEX might pursue public listing or additional investment rounds to fuel its growth and innovation.
However, VTEX faces challenges such as intense competition from other e-commerce solution providers and the need to continuously innovate. Managing diverse regional operations and adapting to rapid changes in consumer behavior will also be critical for sustaining its growth trajectory.
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