Brazil-Mexico’s Merama raises US$225 million in Series B funding

Merama buys a majority stake in the stock and provides e-commerce consultancy to analyze the business and identify potential improvements. Its portfolio includes over 30 brands spread across Mexico, Brazil, Chile, Colombia, and other countries.

RIO DE JANEIRO, BRAZIL - Merama, a startup with headquarters in Brazil and Mexico that invests in small and medium-sized companies selling on marketplaces, has received US$225 million in a Series B funding round.

The money comes from Softbank Latin America and Advent International funds, as well as Globo Ventures, the media conglomerate's investment arm, Monashees, Valor Capital, Balderton Capital and MAYA Capital.

"We will use the resources for new acquisitions, working capital for partner companies and to hire approximately 150 people by the end of the year," says Renato Andrade, co-founder of Merama together with Guilherme . . .

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