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VTEX secures USD 140 mln investment led by SoftBank

Tuesday 26 November 2019 13:27 CET | News

VTEX Cloud Commerce Platform has closed a USD 140 million investment round from SoftBank's LATAM fund in conjunction with Gávea Investimentos and Constellation Asset Management.

The investment will support the global expansion of VTEX – an ecommerce platform serving brands and retailers in 28 countries – and its advancements to its cloud commerce offerings. 

VTEX has become one of the largest global players in the Digital Commerce market. Headquartered in the UK, the company has been recognised by IDC and Gartner as a player to watch. In the beginning of 2019, VTEX purchased UniteU, an ecommerce platform based in the US, in order to accelerate their growth and product innovation. 

The company’s innovations include a patent-pending passwordless checkout called SmartCheckout, an architectural network of microservices to deliver continuous updates, and the company’s VTEX IO serverless development framework that enables clients to develop scalable, production-ready web applications for global commerce without infrastructure complexity.


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Keywords: VTEX, ecommerce, investment round, SoftBank, LATAM, ecommerce platform
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce