SoftBank Vision Fund 2 was among the investors in the tailor-made item platform operator’s latest round, which took its valuation past the $1bn threshold.
Norway-based customised product marketplace Gelato raised $240m in funding from investors including telecommunications and internet group SoftBank’s Vision Fund 2 yesterday.
Investment banking group Goldman Sachs’s Asset Management unit also took part in the round, which was led by private equity firm Insight Partners and backed by Dawn Capital, SEB Pension Fund, Tellef Thorleifsson and Gelato chairman John Hepburn. The company’s valuation stands above $1bn, according to Bloomberg.
Founded in 2007, Gelato has built an e-commerce platform that enables merchants…
