MercadoLibre has invested in the Latin America-based consumer electronics exchange, which counts Wayra as an earlier investor.
Trocafone, the Brazil-based operator of an e-commerce platform for used electronics devices, has raised $15m in funding from investors including e-commerce company MercadoLibre’s corporate venturing unit, TechCrunch has reported.
Mercado Libre Fund was joined by Castor Ventures Fund, the venture capital fund centred on alumni from university MIT, as well as Callfort, FJ Labs and Rocketship.
Trocafone runs an online marketplace where users can send electronics such as smartphones in return for vouchers that can be part exchanged for new…
