Argentina’s Tiendanube Worth $3.1 Billion After Funding Round

E-commerce startup Tiendanube reached a $3.1 billion valuation after it raised $500 million to accelerate its expansion in Latin America, securing its spot as one of the region’s fastest-growing players in the sector.

The Argentine company, which provides online platforms for entrepreneurs to operate their own stores, got the money in a Series E funding round led by Insight Partners and Tiger Global Management. Other investors included Alkeon and Owl Rock, Tiendanube said in a statement.