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Brazilian online home goods seller MadeiraMadeira raises $190m led by SoftBank, Dynamo - Vimarsana News

Brazilian online home goods seller MadeiraMadeira raises $190m led by SoftBank, Dynamo

Brazilian online home goods seller MadeiraMadeira raises $190m led by SoftBank, Dynamo Photo: Deborah Cortelazzi / Unsplash Premium Brazilian online home goods platform MadeiraMadeira has raised $190 million in a new funding round that valued it above $1 billion, the company said on Thursday. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories_le...

SoftBank-backed MadeiraMadeira raises $190 mln in new funding round - Vimarsana News

SoftBank-backed MadeiraMadeira raises $190 mln in new funding round

Aluisio Alves 1 分钟阅读 SAO PAULO, Jan 7 (Reuters) - Brazilian online home goods platform MadeiraMadeira has raised $190 million in a new funding round that valued it above $1 billion, the company said on Thursday. Existing investor Japan’s SoftBank Group Corp and Dynamo led this fifth funding round, which also included Flybridge, Velt Partners, Brasil Capital, Lakewood Capital and Monashees. The company will use the proceeds to expand the business as sales outpaced expectations last year after the coronavirus pandemic boosted online shopping, CEO and co-founder Daniel Scandian said in...