Brazil-based social commerce marketplace Facily has received $250m in a series D round co-led by food delivery provider Delivery Hero and the venture capital fund it backs, DX Ventures, TechCrunch reported yesterday.
Investment firm Citius is listed as a co-anchor investor on the round, which valued the company at $850m according to TechCrunch.
Founded in 2018, Facily operates a mobile commerce platform designed for use by low-income populations, eschewing shipping charges or the need to use a debit or credit card.
The company claims it experienced a 43-fold growth in sales volume between January and September this year, with more than 7 million items delivered last month. It has now raised more than $366m in the past year, the earlier funding having not previously been announced.
The total includes a $63m series C round led by Glade Brook Capital that also featured Tiger Global Management and Hillhouse Capital. It followed a Luxor Capital-led series B round that raked in $41m from existing investors including Founders Fund.
Monashees and Quona Capital had previously co-led a $12m series A round for Facily that included Canary and Tru Arrow Partners – which returned to participate in all its subsequent rounds – in addition to unnamed others.
