Dafiti, a Brazilian fashion online retailer, has raised $65m in its fourth funding round.
The round was led by New York-based Quadrant Capital Advisors, which committed $32m, with participation from AB Kinnevik, Summit Partners and other investors through a German holding company.
The company intends to use the funding, structured as cash-for-equity, to bolster its logistical operations and expand its portfolio of brands and products across the five countries in Latin America in which it operates: Brazil, Argentina, Chile, Colombia and Mexico.
Launched in January 2011 by founders Malte Horeyseck, Malte Huffmann, Thibaud Lecuyer and Philipp Povel, Dafiti is a multi-label fashion e-commerce retailer that specializes in apparel, shoes, accessories, beauty and home decor offering more than 80,000 products and 700 Brazilian and international brands.
It currently employs more than 1,200 people.
FinSMEs
10/12/2012