Japan's Softbank to invest $48 million in Brazil pet products site Petlove

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG3613Y_L.jpg

The investment will come from Softbank’s Latin America fund, adding to previous venture capital investment from KasZek Ventures, Monashees and private equity firm Tarpon.

Founder Marcio Waldman said in a statement the investment would help accelerate Petlove’s growth amid higher demand for online services during the social isolation period mandated by Brazilian authorities.