September 19, 2019
Japan's SoftBank Group has led a BRL450m ($110m) financing round for the Brazilian online home products retailer MadeiraMadeira, joined by investors Light Street Capital and Flybridge Capital.
SoftBank tapped the $5bn technology fund for Latin America that it formed in March to cover its share of the investment, according to a statement from MadeiraMadeira.
The Curitiba-based retailer said it will spend the money on information technology, logistics and customer service. It sells furniture and o
Brazilian online furniture store raises $110m to spend on IT and delivery services