The Mexican fintech Valoreo raises $80M Series B funding round led by L Catterton.
The company is a next-generation consumer conglomerate.
The fintech acquires small e-commerce businesses and then invests to help scale their platform and operations.
The startup has already raised $80M in funding across two rounds in 2021.
The fintech is now close to reaching the 1 billion mark.
Although Valoreo did not disclose its valuation, Gruell commented that there has been significant growth since the last funding round.
Following the Series A, the Mexican fintech Valoreo made significant team hires in technology personnel.
The new funding will enable the company to speed up acquisitions of prominent e-commerce brands in Latin America.
The platform will also continue to invest in technology ahead of new expansion plans.
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