Linio, a LatAm e-commerce company, received a €20m investment from Summit Partners.
The company, which had reportedly raised funding from Tengelmann Group two weeks ago, plans to use the new capital to further grow in Latin America.
Backed by Rocket Internet, Linio offers home appliances and electronics including TVs, computers, cameras, musical instruments, video games, navigation and mobile phones.
It currently operates in Mexico, Colombia, Peru and Venezuela.
FinSMEs
26/02/2013