VTEX

Contxto – The second unicorn to emerge amidst the pandemic is here. Today (28), VTEX announced it raised an investment for US$225 million. Consequently, it’s valued at a reported US$1.7 billion and has entered the unicorn club. Round participants include Tiger Global, Lone Pine Capital, Constellation, SoftBank, and Endeavor Catalyst. The Brazilian ecommerce platform had […]

Contxto – Covid-19 pushed e-commerce platform developer, VTEX, to speed up some of its plans. The Brazilian company recently announced it will launch a software development office in Mexico City in November of this year. This is the third hub it’s opening outside of its native Brazil, having teams already in Argentina and Colombia.  Since […]

Contxto – During the first quarter of 2020, Visa reported that 13 million people in Latin America made their first online purchase. Meanwhile, according to business intelligence startup, Apptopia, shopping app downloads in Latin America grew 43 percent year-over-year in May. Undoubtedly the coronavirus pandemic pushed users (mainly from Brazil and Mexico) into the digital […]

Contxto – Certainly startups in e-commerce are among the big winners of the coronavirus pandemic. Reliance on digital means to either buy or sell products meshed well with the circumstances of self-isolation. Brazilian VTEX, an e-commerce software developer, knows it’s at a critical time to grow and strengthen its foothold in the sector. To that […]

Contxto – To say that 2020 has been a tough year for Japanese investor, SoftBank, is an understatement. Its first US$100 billion Vision Fund may very well be its last, as it acknowledged a US$18 billion loss for its recent fiscal year last Monday (18). The struggle for profitability, coupled with coronavirus has put some […]

Contxto – Yes, yes, you’ve heard it at least a dozen times already. Coronavirus (Covid-19) is accelerating the uprise of e-commerce. But that’s not all.  Self-isolation means users have grasped the utility of ordering something from the comfort of their couch. In addition, they’ve also sought out more meaningful experiences that give them a sense […]

Contxto – Investors made a pre-seed bet worth US$300,000 on Brazilian healthtech Ânimo Wellness a week ago. It appears the startup’s offering of a training and music app struck the right note with Barrah Investimentos (B1), IndicatorCapital, Wharton Angels, Studying Foundation Alumni Partners, Lupa Capital, and various angels.  Among this flock of individual investors was […]

Contxto – “All your customer experiences. A unified commerce platform”. This is the claim headlining VTEX’s product description page. The bravado recently got some pretty solid backing, since the carioca company recently received a US$140 million investment. The round was led that Japanese conglomerate so beloved by us—SoftBank. Not shabby for a company that has […]