Home > techcrunch > Benchmark Capital Takes Stake In Brazil’s Peixe Urbano

Benchmark Capital Takes Stake In Brazil’s Peixe Urbano

January 12th, 2011 01:08 admin Leave a comment Go to comments

What do you get when you mix Groupon’s business model, a country with 200 million souls, and an ex-Facebook exec? A company that Benchmark Capital will invest in, that’s what.

Brazil’s Peixe Urbano, a Groupon-type startup founded by the former Brazilian country manager for Facebook Julio Vasconcellos, launched in mid 2010 (we first wrote about them in March 2010). By August they had 1 million registered users. Today they have over 5 million.

They also are announcing that they’ve raised a first round of funding, from Benchmark Capital and Brazil’s Monashees Capital. Matt Cohler from Benchmark and Eric Acher from Monashees are taking board seats. They are not disclosing the size of the round.

The company has 300 employees today and will use the proceeds for hiring further. They are adding sales, engineering and exec headcount in Brazil and abroad.

For now the company operates only in Brazil, and is still adding more cities in that country. Groupon also has a presence in Brazil.

There’s a Portuguese press release out there that I’m trying to get my hands on and translate, I’ll add it as an update when I do.

Source: Benchmark Capital Takes Stake In Brazil’s Peixe Urbano

Related Articles:

  1. Brazil’s Peixe Urbano Takes “Significant Growth” Round From General Atlantic and Tiger Global
  2. Huge Vote Of Confidence: Uber Raises $11 million From Benchmark Capital
  3. Benchmark Capital Bets On Super-Quiet-Stealth-Shhhh ccLoop
  4. Groupon Clone That Got Sued By Groupon Raises Funding At $200 Million Valuation
  5. Could Cloning Groupon Give eBay New Life in Emerging Markets?
blog comments powered by Disqus