The Jalisco Government, in partnership with Mercado Libre, has introduced the official Jalisco Marketplace store. Part of Mercado Libre's 'Viva México' project, this initiative aims to boost the digital presence of micro, small, and medium-sized businesses, as well as artisans and entrepreneurs in the region.
Valoreo closes on $50M to roll up LatAm e-commerce brands
A new breed of startups is acquiring and growing small but promising third-party merchants, and building out their own economies of scale.
And while there are a number of such startups based in the U.S. and Europe, none had emerged in the Latin American market. Until now.
Valoreo, a Mexico City-based acquirer of e-commerce businesses, announced Tuesday that it has raised $50 million of equity and debt financing in a seed funding round.
The dollar amount is large for a seed round by any standards, but most certainly ranks among the highest ever raised by a Latin American startup further evidence of increased investor interest in the region’s burgeoning venture scene.
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MEXICO CITY, Feb. 16, 2021 /PRNewswire/
VALOREO’s founding team (from left to right): Miguel Oehling, Martin Florea, Alexander Grüll, Stefan Florea and Cedrik Hoffmann (PRNewsfoto/VALOREO)
VALOREO (www.valoreo.com) is building Latin America s next-gen consumer holding with a focus on acquiring, operating, and scaling e-commerce businesses across the region. Headquartered in Mexico, VALOREO consolidates companies with outstanding brands that sell category-leading products online and also develops its own brands in-house. With the mission to bring better products at more affordable prices to the Latin American consumer, VALOREO is the first mover in Latin America and has already ramped up its operations. E-commerce merchants have now the possibility to sell their businesses and see their brands reach new heights through VALOREO s consolidated operations, sophisticated infrastructure, and the team s deep expertise across investing, e-commerce, branding, operat