Monday
August 23
2021

Tendenube Becomes the New Unicorn in Mexico After Receiving an Investment of US $500 Million

The ecommerce platform Trendenube received a new round of investment for 500 million dollars, making it the new unicorn in Mexico (companies that reach a value of one billion dollars).

The marketplace reported through a press release that thanks to this E series investment round, it will become the fifth most valuable startup in Latin America .

“With our new investment we will reinforce our mission to reduce barriers to entrepreneurship throughout Latin America, ensuring that anyone can sell in the digital world. It is changing the economy and impacting hundreds of thousands of direct and indirect jobs in the region, ” says Santiago Sosa, CEO and co-founder of Tíanube in a statement.

Photo courtesy of Danial Igdery.

Source: Entrepreneur (link opens in a new window)

Categories
Entrepreneurship, Investing
Tags
digitalization, e-commerce, emerging markets, entrepreneurship, impact investment, startups