Brazilian digital marketplace, Inventa, which seeks to connect small and medium sized companies with suppliers of inventory, has completed a USD 55 million Series B funding round.

Inventa was co-founded by Marcos Salama, Fernando Carrasco and Laura Camargo (who jointly have previous experience in supermarket unit management, data science and finance with companies such as Rappi, Gympass and McKinsey). It first raised funds with a USD 5.5 million seed round, followed three months later, in January 2022, with a USD 20 million in Series A financing, led by Andreessen Horowitz and Monashees.

The Series B round was led by Greylock and joined by Greenoaks, Andreessen Horowitz, Monashees, Founders Fund, Tiger Global, NXTP, ONEVC, MAYA, Pear VC, Avenir Growth and A* Capital. This is Greylock’s first investment in a Brazilian company.

Inventa currently focuses on the categories of cosmetics, healthy foods and home decor, but the new funding enables it to add some other categories requested by customers, such as accessories, jewelry and pets. After establishing a footprint in Brazil, the company will expand internationally to Mexico and Colombia later this year.

Felsberg Advogados advised Inventa in structuring its business and on all of its funding rounds. Evy Marques, who leads the Felsberg team and specializes in startups and venture capital, said, “It has been exciting to work with dedicated and focused founders who are able to bring a great idea to life in such a short time.”

Since the Series A round in January, Inventa has grown from approximately 20,000 to more than 40,000 merchants across the country, and from 400 to more than 800 suppliers.