Funding round
Nuvemshop Series E
Nuvemshop, which works in e-commerce platform saas solutions in Argentina, raised $500M in a Series E round announced on 17 Aug 2021, led by Insight Partners and Tiger Global, at a $3.10B post-money valuation. 10 firms took part, 6 of them already investors, with 1 individual investor. It is Nuvemshop's fourth venture round on record; the one before was a Series D in Mar 2021.
$500M
Amount raised
$3.10B
Post-money valuation
$2.60B pre-money
10
Investors
2 leads
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nuvemshop at $3.10B after the new money. The $500M bought investors about 16% of the company. It came 5 months after Nuvemshop's Series D. It is 80% of the $627M Nuvemshop has raised in the venture rounds on record. No later venture round is on record for Nuvemshop.
Nuvemshop's funding rounds
Nuvemshop has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Insight Partners and Tiger Global led the round with 8 other firms. Insight Partners, Tiger Global, Accel and Kaszek and 2 more had backed Nuvemshop before.
Lead investors
- Insight Partners backs 548 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
Also in the round
- Alkeon backs 51 venture-backed companies new investor
- Blue Owl Capital backs 36 venture-backed companies new investor
- Advent International backs 36 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Accel backs 581 venture-backed companies existing investor
- Kaszek backs 85 venture-backed companies existing investor
- Qualcomm Ventures backs 140 venture-backed companies existing investor
- backs 3 venture-backed companies existing investor
Individual investors: Kevin Efrusy.
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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 9 Sep 2021 | $50M | not disclosed | IIFL AMC's Late Stage Tech Fund and Oman India Joint Investment Fund |
| Tiki Decorators & Interior Designers | 9 Nov 2021 | $258M | $1.00B | AIA Group |
| Decorators & Interior Designers | 22 Jun 2022 | $90M | not disclosed | NewQuest Capital Partners and Prosus |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Nuvemshop raise in its Series E round?
Nuvemshop raised $500M in its Series E round, announced in Aug 2021.
Who led Nuvemshop's Series E round?
Insight Partners and Tiger Global led it, with Alkeon, Blue Owl Capital, Advent International, VMG Partners and Accel and 3 more.
What was Nuvemshop's valuation at the Series E round?
$3.10B post-money ($2.60B pre-money).