HL advises one of the largest seed rounds in Mexico
Hogan Lovells advises e-commerce acquisition company Valoreo in $50 million seed funding
A cross-border team of Hogan Lovells has advised Mexican company Valoreo, an e-commerce holding company with a focus on acquiring, operating and scaling businesses throughout Latin America, in its $50 million of equity and debt financing seed round.
The investment is one of the largest seed rounds ever to come out of Latin America. The round was co-led by leading global and Latin American investment firms Upper90, FJ Labs, Angel Ventures, and Presight Capital, as well as several prominent angel investors.
Valoreo will use its seed funding to grow its consolidation efforts and support Latin American e-commerce entrepreneurs by providing them with the necessary liquidity to further expand their brands, but foremost, to provide better products at affordable prices to the Latin American consumer.
Hogan Lovells´s team was led by the head of Latin America Regional Practice partner Juan Francisco Torres-Landa (pictured left), and partner Federico De Noriega Olea, counsels Maria Aldonza Sakar Almirante and Francisco Palmero, associate Pablo Corcuera Bain (all in Mexico City), Washington D.C.partner Nathan A.Cooper (pictured right), and Los Angeles senior associate Zachary Shub-Essig (pictured centre).
