VTEX, an online enterprise e-commerce platform primarily in Latin America, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
VTEX operates a business-to-consumer e-commerce platform to enterprise customers that natively combines commerce, order management, and marketplace functionality. Its partner ecosystem includes more than 1,000 integrated solutions, 200 systems integrators, 100 marketplaces, 80 payments solutions, and 50 logistics companies. As of March 31, 2021, VTEX had more than 2,000 customers and over 2,500 active stores across 32 countries.
The London, United Kingdom-based company was founded in 2018 and booked $108 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol VTEX. J.P. Morgan, Goldman Sachs, BofA Securities, KeyBanc Capital Markets, Morgan Stanley, and Itau BBA are the joint bookrunners on the deal. No pricing terms were disclosed.
