Existing shareholder SoftBank has doubled down on its commitment to VTex by backing a $225m series D round that pushed the retail management platform’s valuation to $1.7bn.

VTex, a Brazil-based provider of end-to-end e-commerce services, secured $225m in a series D round on Wednesday from investors including telecommunications conglomerate SoftBank.

Tiger Global Management, Lone Pine Capital, Constellation Asset Management and Endeavour Catalyst also contributed to the round, which valued VTex at $1.7bn.

Founded in 2000, VTex has developed software to handle business-to-business and business-to-consumer commerce operations, unifying all aspects, such as order management and connecting with suppliers, in a single platform.

The platform is used to power…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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