# VTEX Commerce Cloud Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vtex-commerce-cloud-solutions

- Industry: Software
- Headquarters: London, UK
- Website: www.vtex.com
- Total disclosed funding: $225M
- Latest round: Series D (Sep 24, 2020)
- Investors on record: 5

## About

Based in Sao Paulo, Brazil, VTEX Commerce Cloud Solutions LLC was founded in 2000 by founder Mariano Gomide. The company began its regional growth into adjacent Latin American nations in 2012, then in 2017, it reached the US and European markets. As of September 2020, the company raised a total of USD 365 million in 4 funding rounds. VTEX is funded by 10 investors. In 2020, the company received its latest funding of USD 225 million from 5 investors with lead investors Lone Pine Capital and Tiger Global Management. As of 2021, VTEX operates in 16 locations and has more than 2,500 online stores in over 32 countries, and also has more than 1,000 employees worldwide. In May 2021, the company filed to become a public company. In 2021, VTEX acquired Cloud Commerce Platform Workarea.

The company develops a time-to-revenue platform for the eCommerce industry that allows users to collaborate and connect with customers, suppliers, and channel partners to create new channel selling strategies. The company also offers distributed order management and marketplace and seller management.

In 2020, the firm lost approximately USD 0.9 million in revenue of USD 98.7 million, up from a loss of USD 4.6 million on revenue of USD 61.3 million in 2019.

The company plans to be listed on the NYSE under the symbol VTEX. The net proceeds of its IPO will be used for general corporate objectives, which may include investments in software development, operations growth, and supporting potential acquisitions.

## Funding rounds

- Series D, Sep 24, 2020, $225M — Tiger Global Management, Constellation Asset Management, Lone Pine Capital, Endeavor Catalyst, Softbank Latin America Ventures

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Constellation Asset Management — Series D
- Lone Pine Capital — Series D
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series D
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series D