Daily Archives: November 5, 2013
Linio receives USD 50M investment from Latin Idea and existing blue-chip investors: one of the largest e-commerce investments in Latin America
Mexico City, November 5th, 2013. – Linio, the leading and fastest growing e-commerce business in Latin America, today disclosed that Latin Idea, a prominent Mexico-based private equity fund, has joined the company as an investor. Existing investors – which include JP Morgan Asset Management, Investment AB Kinnevik, the Tengelmann Group, Summit Partners, and Rocket Internet – also participated in the financing round of USD 50M in fresh capital for Linio.