Funding round
Nuvemshop Series D
Nuvemshop, which works in e-commerce platform saas solutions in Argentina, raised $90M in a Series D round announced on 22 Mar 2021, led by Accel. 4 firms took part. It is Nuvemshop's third venture round on record; the one before was a Series C in Oct 2020.
$90M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Nuvemshop did not disclose a valuation in this round. It came 5 months after Nuvemshop's Series C. It is 14% of the $627M Nuvemshop has raised in the venture rounds on record. Nuvemshop raised again 5 months later: a Series E round of $500M in Aug 2021, at $3.10B post-money.
Nuvemshop's funding rounds
Nuvemshop has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Accel led the round with 3 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- backs 3 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
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 D rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 3 Mar 2021 | $15M | not disclosed | Asia Environmental Partners |
| Decorators & Interior Designers | 1 Jan 2021 | $20M | not disclosed | Money Forward |
| Decorators & Interior Designers | 3 Sep 2020 | $90M | not disclosed | Kharis Capital and Venturi |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Nuvemshop raise in its Series D round?
Nuvemshop raised $90M in its Series D round, announced in Mar 2021.
Who led Nuvemshop's Series D round?
Accel led it, with ThornTree Capital, Kaszek and Qualcomm Ventures.
What was Nuvemshop's valuation at the Series D round?
It was not disclosed.
Did Nuvemshop raise again after this round?
Yes: a Series E round in Aug 2021 of $500M at $3.10B post-money.