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VTEX Secures USD138 Million from SoftBank, Gávea, and Constellation

Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation Asset Management. SoftBank will reportedly complete the investment through its Latin America-focused fund. VTEX provides a centralized platform for businesses to connect with both online and offline customers, consolidate their sales data and analytics, and build custom user experiences. The new capital will accelerate the company’s global expansion.