LIV Capital Invests in E-commerce Platform Linio and Ticketing Platform Boletia (Latin America)
Source: Boletia, Linio
Mexico-focused growth equity and venture capital investor LIV Capital and global private equity fund manager Northgate Capital, along with digital consumer-focused investment company Kinnevik, have invested US$55 million in Mexico-based e-commerce platform Linio. The company, which operates in Mexico, Colombia, Peru, Venezuela, Chile and Argentina, plans to use the new capital to roll out new payments and logistics solutions, release enhanced mobile apps and invest in its marketing operations. Separately, LIV Capital has led a MXN20 million (approximately US$1 million) round for Mexico-based online ticketing company Boletia. Mexico-focused venture capital firm DILA Capital also participated in the round.