SoftBank leads financing for MadeiraMadeira

SoftBank leads financing for MadeiraMadeira

Equity Brazil Japan Asia United States

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

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