Brazilian online home goods platform MadeiraMadeira has raised $110 million in a fresh financing round.
Japan’s SoftBank Group Corp., through its Latin America fund, conducted the latest financing, which was joined by Light Street Capital and previous backer, Flybridge Capital.
MadeiraMadeira noted that it will use the net proceeds from the new funding to invest in technology, logistics and customer services.
More so, the startup also plans to extend operations beyond Brazil in Latin America, although it will first concentrate investments in the region’s largest economy.