# Linked Store Brasil Website Hosting and Software Development

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/linked-store-brasil-website-hosting-and-software-development

- Industry: Software
- Headquarters: Sao Paulo, Brazil
- Website: www.nuvemshop.com.br
- Total disclosed funding: $628M
- Latest round: Series E (Aug 17, 2021)
- Investors on record: 15

## About

Based in Sao Paulo, Brazil, and founded in 2011 by founder and CEO Santiago Sosa, Alejandro Alfonso, Alejandro Vazquez, Jose Abuchaem, and Martin Palombo, Linked Store Brasil Website Hosting and Software Development Ltd., trading as Nuvemshop, operates as an e-commerce platform. The company is backed by investors including Insight Partners and Tiger Global Management, which led a USD 500 million Series E funding round in August 2021. The company has more than 600 employees, with offices in Brazil, Mexico, and Argentina as of August 2021.

Nuvemshop is a provider of an e-commerce solution that offers services around payments, shipping, inventory management, and marketing for small and mid-sized enterprises (SMEs). The company provides entrepreneurs and SMEs with a way to build and grow online businesses. NuvemShop allows its clients to choose their commercial partners for delivery and payments, rather than selling their goods on current marketplaces like Amazon and Mercado Livre, which have a set logistics and financial structure.

The company generates revenue by selling its platform to businesses on a subscription basis.

Nuvemshop plans to accelerate its payment and logistics capabilities, support geographic expansion into new countries (Colombia, Chile, and Peru), expand its sales and customer support staff, invest in resources and support for its ecosystem of app partners, and agencies, and explore M&A opportunities.

## Funding rounds

- Series E, Aug 17, 2021, $500M — Accel, Insight Partners, VMG Partners, Tiger Global Management, Qualcomm Ventures, Alkeon Capital Management, Kaszek Ventures, Advent Global Opportunities, Owl Rock Capital Partners, ThornTree Capital Partners
- Series D, Mar 22, 2021, $90M — Accel, Qualcomm Ventures, Kaszek Ventures, ThornTree Capital Partners
- Series C, Oct 13, 2020, $30M — Elevar Equity, IGNIA Partners, Qualcomm Ventures, Kaszek Ventures, FJ Labs
- Series B, May 21, 2018 — FJ Labs
- Series B, Sep 6, 2017, $7M — Elevar Equity, IGNIA Partners, Kaszek Ventures, NXTP Ventures, FJ Labs
- Series B, Apr 19, 2017 — FJ Labs
- Series A, Oct 21, 2015 — Kaszek Ventures
- Seed, Mar 1, 2013, $1M — Trindade Investimentos, NXTP Ventures
- Seed, Sep 1, 2011 — NXTP Ventures

## Investors

- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed, Series B
- Trindade Investimentos (https://capitalatlas.ai/funds/trindade-investimentos) — Seed
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B, Series C, Series D, Series E
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B, Series C
- Elevar Equity (https://capitalatlas.ai/funds/elevar-equity) — Series B, Series C
- IGNIA Partners (https://capitalatlas.ai/funds/ignia-partners) — Series B, Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C, Series D, Series E
- Accel (https://capitalatlas.ai/funds/accel) — Series D, Series E
- ThornTree Capital Partners — Series D, Series E
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E
- VMG Partners (https://capitalatlas.ai/funds/vmg-partners) — Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series E
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series E
- Advent Global Opportunities (https://capitalatlas.ai/funds/advent-global-opportunities) — Series E
- Owl Rock Capital Partners — Series E