Nuvemshop, a Latin American e-commerce startup similar to Shopify, is raising a new round of funding led by Tiger Global Management that could value the company at $2 billion including the new capital, people familiar with the matter told media outlet, The Information.

The Series E round adds to the $90 million the Sao Paulo–based Nuvemshop raised in March. This run of financing reflects a broader interest among US investors in e-commerce startups based in Latin America, where a pandemic bump in online shopping has accelerated the growth of companies providing services to internet shoppers and merchants.

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