Nuvemshop arrives in Chile with regional investment of over US$10 million

This is a machine translation of a press release by Nuvemshop

São Paulo, April 10, 2024 - Nuvemshop, a platform for creating virtual stores that is the leader in Latin America, announces its arrival in Chile with an investment of 10 million dollars. As part of its regional expansion, the company seeks to impact more than 15 thousand small and medium-sized entrepreneurs in the country during the first year of operation.

“In recent years, we have witnessed a significant transformation in the Latin American digital commerce landscape and we are proud to have been part of this evolution. The expansion of our operations reflects our commitment to offering innovative and integrated solutions to online retail merchants in the region, thus boosting the success not only of small and medium-sized entrepreneurs in Chile, but throughout Latin America", declares Guilherme Pedroso, Global Director of New Nuvemshop Businesses.

According to the Santiago Chamber of Commerce (CCS), an estimated 5% growth in e-commerce in the country by 2024 and the percentage of Chilean consumers who buy online reached 63% in 2023. According to information published by the Revenue Chilean federal government, 75.5% of companies across the country are microenterprises, and 23.1% are small or medium-sized enterprises, which play a crucial role in Chile's economy, contributing to employment, innovation and economic growth.

“We know that the needs of each business and each country are different. Therefore, we continue to expand our e-commerce ecosystem, seeking to work together with local partners and Chilean startups that can offer services that solve challenges for brands that sell online through our platform. Thus, we reinforce our mission to reduce the barriers to entrepreneurship throughout Latin America, offering robust technology and all the tools so that SMEs are able to compete on equal terms with large retailers”, says Pedroso.

With 13 years of work supporting entrepreneurs and small, medium and large companies with its e-commerce solutions, Nuvemshop has established itself as the sixth most valuable startup in the Latin American region. In addition to Chile, it has operations in Brazil, Argentina, Mexico and Colombia. Currently, there are more than 400 Chilean companies that use Nuvemshop as a platform to sell online.

About Nuvemshop:

Nuvemshop is the leading e-commerce platform in Latin America and is committed to empowering and motivating all entrepreneurs to transform their dreams into stories that transcend. With more than 120 thousand stores, it integrates products, payments, shipping and offers an ecosystem with more than 1,000 partners, such as Facebook, Instagram, marketplaces and physical stores. Currently, the company has more than 1,000 employees and offices in Brazil, Mexico, Argentina and Colombia. In 2021, the company became a unicorn in Brazil and acquired Ecommerce na Practice, the largest e-commerce school and community in the world; and Mandaê, a logistics platform. In 2022, it consolidated new business units: Nuvemshop Next, focused on retailers who earn over R$100,000 per month and who seek to scale their businesses quickly; Nuvem Pago, payment method for e-commerce SMEs; and Nuvem Pay, a checkout solution that facilitates the shopping journey. In 2023, it launched Nuvem Envio, a business unit specialized in logistics solutions, and acquired Perfit, a business unit focused on marketing automation.