Funding round
Nuvemshop Series C
Nuvemshop, which works in e-commerce platform saas solutions in Argentina, raised $30M in a Series C round announced on 1 Oct 2020, led by Qualcomm Ventures and Kaszek. 5 firms took part, with 1 individual investor. It is Nuvemshop's second venture round on record; the one before was a Series B in Sep 2017.
$30M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Nuvemshop did not disclose a valuation in this round. It came 37 months after Nuvemshop's Series B. It is 4.8% of the $627M Nuvemshop has raised in the venture rounds on record. Nuvemshop raised again 5 months later: a Series D round of $90M in Mar 2021. 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
Qualcomm Ventures and Kaszek led the round with 3 other firms.
Lead investors
- Qualcomm Ventures backs 140 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
Also in the round
- FJ Labs backs 316 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 18 venture-backed companies new investor
Individual investors: Kevin Efrusy.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| LeafLink Decorators & Interior Designers | 10 Dec 2020 | $40M | $376M | Founders Fund |
| Decorators & Interior Designers | 11 Mar 2021 | $61M | not disclosed | not named |
| Decorators & Interior Designers | 15 Oct 2019 | $32M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Nuvemshop raise in its Series C round?
Nuvemshop raised $30M in its Series C round, announced in Oct 2020.
Who led Nuvemshop's Series C round?
Qualcomm Ventures and Kaszek led it, with FJ Labs, IGNIA and Elevar Equity.
What was Nuvemshop's valuation at the Series C round?
It was not disclosed.
Did Nuvemshop raise again after this round?
Yes: a Series D round in Mar 2021 of $90M.