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Latin America’s Version of Shopify Nuvemshop Valued at $2 Billion

The new valuation comes after two rounds of funding so far this year. Nuvemshop
The new valuation comes after two rounds of funding so far this year. Nuvemshop

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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Brazilian Online Retail Giant Looks to Scale Livestreaming E-Commerce

Brazil’s B2W Digital is partnering with UK-based video e-commerce specialists, OOOOO, to scale its burgeoning livestream e-commerce business.

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