# MadeiraMadeira

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/madeiramadeira

- Industry: Retail
- Headquarters: Curitiba, Brazil
- Website: www.madeiramadeira.com.br
- Total disclosed funding: $305M
- Latest round: Series E (Jan 7, 2021)
- Investors on record: 10

## About

Founded in 2009 and based in Curitiba, Brazil, MadeiraMadeira Comércio Eletrônico S/A, aka MadeiraMadeira engages in an online retail platform intended to offer house furnishing products. The company was founded by its CEO, Daniel Scandian, and CXO, Marcelo Scandian. In January 2021, MadeiraMadeira Comércio Eletrônico S/A raised USD 190 million in series E funding co-led by Softbank Latin America Ventures and Dynamo Administracao de Recursos, with participation from Flybridge Capital Partners, Monashees Capital, Brasil Capital, Lakewood Capital, and VELT Partners, valuing the company at approximately USD 1 billion. The company offers an online retail platform that enables users to search for and buy various furniture products for home improvement using web and mobile applications. The firm's products include furniture, floors, and coating, doors and windows, lighting, LED, bathrooms, kitchens, home appliances, small appliances, air and ventilation, decoration, beds, tables, etc. The firm also offers MadeiraMadeira marketplace for businesses to sell their for Home & Decoration products through the platform. MadeiraMadeira generates revenue through the sale of home products online and through physical stores and by charging a commission on the total value of the sale done through its marketplace.

## Funding rounds

- Series E, Jan 7, 2021, $190M — Flybridge Capital Partners, Monashees, Brasil Capital, Lakewood Capital, Softbank Latin America Ventures, VELT Partners, Dynamo
- Series D, Jun 1, 2020 — Endeavor Catalyst
- Series D, Sep 17, 2019, $110M — Flybridge Capital Partners, Light Street Capital Management, Softbank Latin America Ventures
- Series B, Nov 3, 2013, $4.6M — Flybridge Capital Partners, Monashees, Kaszek Ventures
- Series A, May 25, 2012 — Flybridge Capital Partners, Monashees, Kaszek Ventures

## Investors

- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A, Series B, Series D, Series E
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A, Series B, Series E
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B
- Light Street Capital Management (https://capitalatlas.ai/funds/light-street-capital-management) — Series D
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series D, Series E
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series D
- Brasil Capital — Series E
- Lakewood Capital (https://capitalatlas.ai/funds/lakewood-capital) — Series E
- VELT Partners — Series E
- Dynamo — Series E