VTEX’s Series D US$225 Million Investment Round

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, L.O. Baptista Advogados and Harneys advised VTEX on the deal. Morrison & Foerster LLP and Pinheiro Neto advised SoftBank Group Corp.; Paul Hastings advised Gávea Investimentos and Demarest advised Lone Pine Capital LLC.

VTEX, the world’s first and only fully integrated commerce-marketplace-OMS platform, announced it has raised $225 million in a Series D funding round, earning the e-commerce provider a $1.7 billion valuation and the coveted status of tech unicorn. The funding received from leading public market technology investors Tiger Global, Lone Pine Capital, Constellation, Endeavour Catalyst and SoftBank brings VTEX’s total funding to $365 million in the last 10 months.

VTEX will use funds from the latest round to make acquisitions, hire additional talent, innovate its platform and accelerate growth in U.S., European and Asia-Pacific markets.

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo. SoftBank owns stakes in many technology, energy, and financial companies.

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised VTEX with Adan C. Muller, Mark Foster, Hilary Adams, Luiz Arthur (Tuca) Bihari and Tyler Mann.

L.O. Baptista Advogados advised VTEX with Daniela Zaitz,  Patricia Agra Araújo and Fernanda Domingues Pereira.

Harneys advised VTEX in Cayman Islands.

The MoFo deal team advising SoftBank is led by Miami-based Latin America Desk co-chair Randy Bullard (Picture) and corporate partner Juan Delgado, together with corporate associate Julia Danforth.

In Brazil, Pinheiro Neto advised SoftBank with Cristianne Saccab Zarzur Chaccur, Lílian M. Cintra de Mello and Marina Souza.

Demarest advised Lone Pine Capital LLC with Luciana M. Cossermelli Tornovsky, Bruno de Luca Drago, Carlos Eduardo Marino Orsolon, Andre Araújo de Matos Novaski and Débora Sejtman Gartner.

Paul Hastings advised Gávea Investimentos with Jonathan Kellner and Andrea Campos.

Involved fees earner: André Araújo de Matos Novaski – Demarest; Luciana Cossermelli Tornovsky – Demarest; Bruno de Luca Drago – Demarest; Carlos Eduardo Marino Orsolon – Demarest; Débora Sejtman – Demarest; Hilary Adams – Gunderson Dettmer; Luiz Arthur Bihari – Gunderson Dettmer; Mark Foster – Gunderson Dettmer; Tyler Mann – Gunderson Dettmer; Adan Muller – Gunderson Dettmer; Patricia Agra Araujo – LO Baptista Advogados; Fernanda Domingues Pereira – LO Baptista Advogados; Daniela Zaitz – LO Baptista Advogados; Randy Bullard – Morrison Foerster; Julia Danforth – Morrison Foerster; Juan Manuel Delgado – Morrison Foerster; Andrea Campos – Paul Hastings; Jonathan Kellner – Paul Hastings; Lílian M. Cintra de Mello – Pinheiro Neto; Cristianne Saccab Zarzur Chaccur – Pinheiro Neto; Marina Souza e Silva Chakmati – Pinheiro Neto;

Law Firms: Demarest; Gunderson Dettmer; LO Baptista Advogados; Morrison Foerster; Paul Hastings; Pinheiro Neto;

Clients: Gávea Investimentos Ltd; Lone Pine Capital; SoftBank Group Corporation; VTEX;

Author: Ambrogio Visconti