Furniture-focused e-commerce marketplace MadeiraMadeira has secured funding in a round led by SoftBank's Latin America fund that will support hiring, logistics and technology improvements.

Telecommunications and internet group SoftBank has led a $110m funding round for MadeiraMadeira, the Brazil-based operator of an online marketplace for home furnishings, Reuters reported today. Investment management firm Light Street Capital and venture capital firm Flybridge Capital Partners also contributed to the round. SoftBank’s investment was made out of its $5bn Latin America fund,…

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