São Paulo-based Nuvemshop, a Shopify rival focused on Latin America, raises $500M at a $3.1B valuation (Mary Ann Azevedo/TechCrunch)

Mary Ann Azevedo / TechCrunch:
São Paulo-based Nuvemshop, a Shopify rival focused on Latin America, raises $500M at a $3.1B valuation  —  Just five months after raising $90M, Brazil’s Nuvemshop announced today it has raised $500 million in a round co-led by Insight Partners and Tiger Global Management.