The furniture-focused e-commerce platform secured the funding in a round co-led by SoftBank as it looks to expand its physical footprint and launch own-brand products.
Telecommunications and internet group SoftBank has co-led a $190m funding round for Brazil-based online home furnishings retailer MadeiraMadeira, Reuters has reported, citing a company statement.
The round was co-led by investment firm Dynamo and also featured Flybridge Capital Partners, Velt Partners, Brasil Capital, Lakewood Capital and Monashees, valuing MadeiraMadeira in excess of $1bn.
MadeiraMadeira operates an e-commerce platform that sells home décor and furnishings, including doors, windows, appliances, lighting and ventilation products.
Daniel Scandian, MadeiraMadeira’s co-founder and chief executive, told…
