Linio, a Germany–based online retailer active in Mexico, Colombia, Peru and Venezuela, has raised €20m ($26.5m) from private equity firm Summit Partners. The investment follows Germany-based retailer Tengelmann’s reported $15m to $20m in Linio last month, according to news provider the Next Web. Tengelmann invested nearly $20m in Linio’s Asia-focused peer, Lazada, in January, shortly after Summit’s €20m investment. Both Linio and Lazada were incubated by Germany-based Rocket Internet. Summit Partners has backed other Rocket ventures, including Brazil’s Dafiti, with news provider Deutsche Startups reported that Summit had put a total of a “three-digit million sum” into various Rocket-related startups.

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