What is Nocnoc?
Founded in 2018 and based in Montevideo, Uruguay, Nocnoc operates as the largest cross-border store in Latin America. The company's innovative solution empowers global brands and retailers to efficiently sell products across multiple Latin American marketplaces without the need for individual account setups. By leveraging Nocnoc's established mega stores, which are trusted by local consumers, international sellers can maximize conversion rates. Nocnoc handles the complexities of international shipments, customs, taxes, returns, and customer support, allowing sellers to simply dispatch their goods to Nocnoc's warehouse.
How much funding has Nocnoc raised?
Nocnoc has raised a total of $21M across 2 funding rounds:
Angel/Seed
$7M
Series A
$14M
Angel/Seed (2022): $7M with participation from Quona Capital, Olist, Caravela, and Mouro Capital
Series A (2023): $14M led by PayPal, Mouro Capital, and Quona Capital
Key Investors in Nocnoc
Quona Capital
Quona Capital is a venture firm focused on fintech for inclusion in emerging markets, with deep experience in supporting financial technology companies in Latin America.
Olist
Olist is a comprehensive ecosystem designed to streamline and automate the management of Brazilian entrepreneurs' businesses, offering ERP systems, digital accounts, and e-commerce solutions.
PayPal
PayPal is a global fintech company that operates an online payment system, enabling individuals and businesses to send, receive, and hold funds internationally.
What's next for Nocnoc?
The recent Series A financing, bolstered by a major strategic investment, positions Nocnoc for accelerated expansion and operational enhancement. This capital infusion is expected to fuel further development of its cross-border e-commerce infrastructure, potentially enabling Nocnoc to onboard more global brands and deepen its market penetration within Latin America. Strategic partnerships and technological advancements are likely to be key focuses as the company solidifies its role as a critical facilitator for international trade into the region.
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