Redpoint E.Ventures Invests in Brazil-based Olist (Latin America)

Source: Valor Econômico  |  Author(s): Gustavo Brigatto

Venture capital firm Redpoint e.ventures has bought a 20 percent stake in Olist, a Brazil-based company that helps small businesses to sell their products on e-commerce websites. Olist plans to use the capital raised for the development of data analysis tools and process automation. Financial details of the transaction were not disclosed.