Japan’s Softbank Group Corp reached an agreement to invest 250 million reais ($48 million) in pet products online retailer Petlove, the companies said in a statement on Tuesday.
The investment will come from Softbank’s Latin America fund, adding to previous venture capital investment from KasZek Ventures, Monashees and private equity firm Tarpon.
Founder Marcio Waldman said in a statement the investment would help accelerate Petlove’s growth amid higher demand for online services during the social isolation period mandated by Brazilian authorities.
Source: Reuters
Can’t stop reading? Read more
Thoma Bravo’s SailPoint targets $11.5bn valuation in US IPO
Cybersecurity firm SailPoint is preparing to go public again in the US, targeting a valuation of...
Balbec Capital closes sixth credit fund at $1.7bn, marking record fundraise
Balbec Capital closed its latest credit fund, Insolve Global Credit Fund VI, securing over $1.7bn...
The saga continues: Brookfield enters $1.9bn bidding war for Insignia Financial
Brookfield Asset Management joined Bain Capital and CC Capital in the race to acquire Insignia...