Mexican furniture and home goods e-commerce GAIA Design announced a $ 50 million Series C led by SoftBank Group International. A Cometa portfolio company, the startup aims to expand its infrastructure in Mexico City and 40 of the country’s largest cities.
GAIA is an omnichannel e-commerce company focused on selling furniture at affordable prices. The company was founded in 2014 by Philippe Cahuzac, Hassan Yassine and Raffaello Starace, who have managed to position it as one of the most important players in the furniture e-commerce market in Mexico.
The funds raised will also be used to launch a marketplace, where GAIA plans to host a wider array of products, both from its label and from other producers. The company’s management team intends to open new regional distribution centers, thus improving its logistics infrastructure.
“We are very happy for Philippe Cahuzac, Hassan Yassine, Rafaello Strace and the GAIA team in their most recent round. We have greatly enjoyed being a GAIA partner over all these years and we are excited to follow them as they continue to the next step in their journey ”, stated the Cometa team.
Cometa is a venture capital firm investing in spanish-speaking markets. Founded in 2013, Cometa focuses on early-stage technology companies and has companies such as Cabify, Bitso, Conekta, Kueski, Gaia, and Welcome Technologies, amongst others in its portfolio.