Ecommerce startup Merama raises USD 60 mln in seed and Series A funding, USD 100 mln in debt

Friday 30 April 2021 10:05 CET | News

Merama, a five-month old ecommerce startup focused on Latin America, has raised USD 60 million in seed and Series A funding and USD 100 million in debt.

According to TechCrunch, Latin America firms Valor Capital and Monashees Capital and UK-based Balderton Capital co-led the ‘massively oversubscribed’ funding round. 

The ecommerce startup partners with ecommerce product sellers in Latin America by purchasing a stake in the businesses and working with their teams to help them grow and boost their technology while providing them with nondilutive working capital.

Merama expects to sell USD 100 million across the region in 2021, more than two times the year before. It is currently focused on Mexico, Brazil, Argentina, and Chile – and the cash raised will go primarily toward partnering with more brands and investing in building its technology platform and in working capital for product innovation and inventory purchases. 

The startup collaborates with ecommerce giants such as Amazon and Mercado Libre, and several executives from both companies have invested in the startup as well.

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Keywords: investment, ecommerce, startup, Mercado Libre, Amazon
Categories: Payments & Commerce
Countries: Latin America
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