The Mexican e-commerce aggregator Quinio raised $40M in equity and debt.
The equity was provided by Northgate Capital, Cometa, Dila Capital, AlleyCorp, Western Technology Investment, Alchimia Investments, and angel investors.
Quinio acquires, operates, and builds e-commerce brands created by local entrepreneurs that have growth potential.
Quinio continued to grow in this context.
The company currently operates with 100 employees and owns brands in Mexico, Colombia, Chile, and the U.S., in-home, beauty, and health areas.
Quinio is also expecting to end 2022 with $50M in annual recurring revenue.
Juan Gavito started Quinio in 2020 with his brother, Santiago Gavito, and Iker Garay. We previously profiled the company in December 2021 when it raised $20 million in seed funding, also a mix of equity and debt.
The company focuses on brands in the areas of home and kitchen, beauty and personal care, baby, health, and household items. It already owns and operates several brands that have a presence in Mexico, Colombia, Chile, and the U.S.
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