Greylock led a USD55m Series B for Inventa, Brazilian marketplace connecting regional wholesalers with local retailers, with participation from monashees, NXTP, ONEVC, MAYA Capital, Andreessen Horowitz, Founders Fund, Tiger Global, Pear VC, Avenir Growth and A* Capital.
(TechCrunch) – When Inventa sees a good opportunity to grab some extra capital, it takes it. However, as you will see, it is on a trajectory of fast growth, and not unlike other startups, the new capital is to pave the way for that to continue.
The Brazil-based company offers a digital marketplace to connect small and medium-sized companies with suppliers to discover and purchase new inventory. Its technology aims to provide an easier purchasing process for small businesses by recommending products based on actual transaction data and then also providing credit, in 30-, 60- and 90-day increments, to retailers. On the supplier side, they can upload products, manage pricing and see what is selling and what isn’t.
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