Qualcomm Ventures helped the e-commerce platform provider raise a series E round which took its overall funding to over $620m.
Brazil-based e-commerce platform operator Nuvemshop has secured $500m in a series E round featuring Qualcomm Ventures, the corporate venturing unit of mobile semiconductor producer Qualcomm, at a valuation of $3.1bn.
The round was co-led by Insight Partners and Tiger Global Management, with contributions from Alkeon Capital, Blue Owl Capital’s Owl Rock subsidiary, Advent International’s Sunley House Capital fund and VMG Partners.
Accel, ThornTree Capital, Kaszek Ventures and individual investor Kevin Efrusy also took part in the transaction.
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