Rocket Internet's Linio nabs $32 million in Colombia

A little over a month after Linio announced a whopping $26.5 million funding round from Summit Partners, Rocket Internet‘s Latin American Amazon clone has unveiled yet another chunky investment.

This time round, Linio has nabbed $32 million from the Santo Domingo Group, half of which will come from Valorem, which is an anonymous society registered on Colombia’s Stock Exchange.

Founded in 1997, Valorem manages investment portfolios such as Caracol TV, Cine Colombia and Suppla, among others.


Source: TNW