SoftBank leads $110m round for Brazilian home goods retailer MadeiraMadeira

SoftBank leads $110m round for Brazilian home goods retailer MadeiraMadeira

REUTERS/Issei Kato

Japan’s SoftBank Group Corp has led a $110-million financing round for Brazilian online home goods platform MadeiraMadeira, according to a statement on Tuesday.

SoftBank‘s fresh capital for MadeiraMadeira comes from its $5-billion Latin America fund, launched in March, which has been directed to sectors ranging from banking and real estate to home goods and delivery services.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter