Rocket Internet’s Linio Picks Up $50M To Further Build Out Its Latin American Amazon-style Marketplace
Linio, the Rocket Internet-incubated e-commerce portal that has aspirations to be the Amazon of Latin America, is today announcing a round of funding that brings on board the startup's first large, strategic local investor. Latin Idea, a Mexico based private-equity fund, is leading a $50 million round in the company, with participation from existing investors and Rocket regulars JP Morgan Asset… Read More
Rocket Internet’s Linio, The Amazon Of Latin America, Raises $26.5M From Summit Partners. Rinse And Repeat.
Another Rocket Internet-incubated e-commerce company gets a significant cash injection today: Linio, the so-called 'Amazon of Latin America', has raised a €20 million (~$26.5m) round from previous backer Summit Partners. It's also the second investment for Linio this month after German retail company Tengelmann Group announced it had invested a "8-digit Euro sum", reportedly somewhere in the… Read More