Wonder Brands’ pivot to acquiring e-commerce infrastructure pays off

Wonder Brands, an acquirer of e-commerce brands in Latin America, announced today the closing of $15.5 million in Series A funding. This enables the Mexico City-based company to expand into South America.
Nazca and IDB Invest, the private sector arm of the Inter-American Development Bank Group, co-led the round and were joined by existing and new investors CoVenture, Silvercircle, Korify Capital, Infinitas Capital and GBM Mexico. The round will be extended for up to $20 million to give Wonder Brands around $40 million in total funding, Federico Malek, co-founder of Wonder Brands told TechCrunc

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