February 25th, 2013

Rocket Internet’s Linio, The Amazon Of Latin America, Raises $26.5M From Summit Partners. Rinse And Repeat.

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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