Funding round
Nuvemshop Series B
Nuvemshop, which works in e-commerce platform saas solutions in Argentina, raised $7.0M in a Series B round announced on 11 Sep 2017, led by Elevar Equity. 5 firms took part. It is Nuvemshop's first venture round on record.
$7.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Nuvemshop did not disclose a valuation in this round. It is Nuvemshop's first venture round on record, 6 years after it was founded in 2011. It is 1.1% of the $627M Nuvemshop has raised in the venture rounds on record. Nuvemshop raised again 37 months later: a Series C round of $30M in Oct 2020. Its next priced round, a Series E in Aug 2021, valued it at $3.10B.
Nuvemshop's funding rounds
Nuvemshop has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Elevar Equity led the round with 4 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 24 Jan 2018 | $13M | not disclosed | Foundry |
| Decorators & Interior Designers | 8 Mar 2017 | $16M | not disclosed | Canvas Prime |
| Decorators & Interior Designers | 25 Jan 2017 | $20M | not disclosed | Norwest |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Nuvemshop raise in its Series B round?
Nuvemshop raised $7.0M in its Series B round, announced in Sep 2017.
Who led Nuvemshop's Series B round?
Elevar Equity led it, with IGNIA, Kaszek, NXTP and FJ Labs.
What was Nuvemshop's valuation at the Series B round?
It was not disclosed.
Did Nuvemshop raise again after this round?
Yes: a Series C round in Oct 2020 of $30M.