Movile Raises $40M Led by Naspers and Enters Ticketing Industry With Investment in Sympla
28 Junio 2016 - 11:28AM
Business Wire
Company looks to expand global footprint and
extend its mobile product offering
Movile, Latin America’s leading mobile commerce platform,
announced today it has raised $40 million in Series F funding from
Naspers through its Naspers Ventures division. Naspers, a strategic
partner and majority shareholder of Movile since 2008, led the
round with participation from Innova Capital, an investment fund
focused on high growth companies with expertise in technology.
Movile has 15 offices around the world and its mobile products –
such as PlayKids, available in more than 100 countries – and
services reach more than 70 million people each month. The new
funding will support further growth providing the capital required
for additional geographic and product expansion.
“With more than a decade of technology development and
expertise, Movile has become a mobile leader, transforming the way
ecommerce, services and content are delivered to the consumer,”
said Larry Illg, CEO of Naspers Ventures. “Moving forward, we
believe Movile is uniquely positioned to continue driving new
mobile technology innovation for the consumer, both in region and
elsewhere.”
Over the last three years, Movile has invigorated the Latin
American technology ecosystem, investing more than $100 million to
build a suite of industry-leading mobile commerce apps and services
across the delivery, logistics and streaming media markets.
“Movile’s growth in Brazil and beyond is impressive, but the
solid business underpinnings they use to manage and integrate
brands, extracting synergies, while not losing sight of delivering
profitable operations is what sets them apart,” explained Veronica
Allende Serra, Founding Partner of Innova Capital. “Such
combination makes Movile stand out as a very attractive investment
with long-term sustainable upside.”
The new funds will be used to accelerate the continued growth of
its suite of apps and services in Latin America and beyond, as well
as enter the ticketing industry through a $4 million investment in
Sympla, a Brazilian online ticketing and event management company.
The addition of Sympla to Movile’s investments marks the
continuation of its growth across a broad spectrum of mobile
commerce markets. Cofounded by David Tomasella, Marcelo Cartacho
and Rodrigo Cartacho, Sympla is a full-service platform that offers
ticket sales, finance, social media and audience analytics tools.
Since 2012, it has sold more than four million tickets to over
50,000 events held in about 2,000 Brazilian cities.
“We add strategic value far beyond a capital injection. Our
synergies are well proven in mobile, marketing, management and
financial processes, which together make us a valuable partner,”
explained Fabricio Bloisi, CEO and cofounder of Movile. “We look
forward to working with the Sympla team and helping them become an
industry leader.”
The funding follows on the heels of other notable milestones for
the company. iFood, Movile’s food ordering service, registers
around 1.7 million orders monthly and its growth reached 143% last
year. The company stands as the market leader in Brazil and other
countries in Latin America, which represents a potential 75% of the
$10B food delivery market in the region. Movile’s Rappido, is
boosting Brazil’s shipping and logistics sectors and continues to
grow internationally. Movile’s award-winning subscription-based
children’s entertainment and education platform, PlayKids, has over
6 million monthly users as well as a rich mix of leading content
spanning both original shows and beloved series from Disney and
Sesame Workshop.
About Movile
Movile is the largest mobile commerce company in Latin America.
With more than 70 million customers each month, Movile powers
leading companies within the on-demand entertainment, food
delivery, ticket and logistics sectors. For more information, visit
movile.com/en.
About Naspers Ventures
Naspers Ventures partners with entrepreneurs to build leading
technology companies in high-growth markets. We identify companies
and founders with high potential and the ambition to scale globally
the right way, quickly impacting the communities where they
operate.
We provide tailored support to make them leaders in their chosen
markets. We bring the global reach, knowledge and resources of
Naspers, one of the largest technology investors in the world, to
help entrepreneurs build, grow and scale their businesses. With
in-depth experience in more than 130 markets and countries around
the world, we do what it takes to help our companies succeed.
Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ)
and has an ADR listing on the London Stock Exchange (LSE: NPSN).
For more information, please visit www.naspers.com.
About Innova Capital
Innova Capital is a global investment fund focused on
high-growth technology companies.
About Sympla
Sympla is Brazil’s easiest self-service platform for event
organizers to sell tickets and manage their events online. For more
information, visit www.sympla.com.br.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628006284/en/
Media Contact:Naspers Ventures on behalf of MovileJill
Williams, 415-689-5027ventures@naspers.com
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