Merama Secures $215 Million in New Equity and Debt Funding

2 minute read | April.07.2025

Merama has successfully secured $215 million in new financing, raising $45 million in a funding round, with investments from notable figures including 3G Founder Marcel Telles, as well as securing a $170 million revolving credit line. This funding will support Merama's expansion and strengthen its position in the Latin American e-commerce market.

Orrick represented Merama.

THE COMPANY

Merama is a leading Latin American e-commerce holding company. Founded by experts in marketplace, retail, technology, operations, finance, and strategy, Merama's mission is to be the best and largest group of e-commerce companies in Latin America.

THE IMPACT

These funds will enable Merama to ensure working capital and expand manufacturing and logistic capabilities for each of their six key companies. Merama may also use the funds for strategic acquisitions by our companies, potentially acquiring businesses that could be complementary to their existing offerings.

THE TEAM

Orrick’s Samir Bakhru led the team that advised Merama. The team also included Montana Ware, Andrés Yarto, Julia Foley and Christopher Bulkley.

LEARN MORE

Related Lawyers

Samir R. Bakhru Partner, Technology Companies Group, Life Sciences & HealthTech

New York

See my bio

D:+1 212 506 3771
E: sbakhru@orrick.com

Practice:

Technology Companies Group
Life Sciences & HealthTech

vCard

See full bio

Samir R. Bakhru Partner

New York

Samir has represented early and late stage companies in over $7 billion worth of venture financings and has advised clients in over $5 billion worth of M&A transactions. He has experience in advising founders on structuring their companies to maintain control and frequently counsels executive teams in maintaining and managing a successful board of directors.

Samir’s notable company-side representations include K Health, Dataiku, Beacon Platform, Betterment, Chime, Vise Technologies, Warby Parker, Codecademy, Merama, Genius, ResearchGate, Spell, Frontier Car Group (until sold), Insomnia Cookies (until sold), Sailthru (until sold), Teachable (until sold), and Upworthy (until sold), among others.

In addition to his company-side representations, Samir has represented leading venture capital firms and other strategic investors, including Bessemer Venture Partners, Charles River Ventures, Coatue Management, Heavybit Industries, TPG Growth, Vista Equity Partners, Walden Venture Capital, Warburg Pincus, and Y Combinator Continuity Fund.

Before joining Orrick, Samir was an Associate at Cravath, Swaine & Moore LLP in the General Corporate and M&A group.

Montana Ware Senior Associate, Technology Companies Group

Austin

See my bio

D:+1 512 582 6908
E: mware@orrick.com

Practice:

Technology & Innovation Sector
Technology Companies Group

vCard

See full bio

Montana Ware Senior Associate

Austin

Montana primarily represents emerging growth companies, venture capital funds and other strategic investors in a wide array of corporate matters, including early and late-stage venture funding rounds, formation and corporate governance, securities issuances and mergers and acquisitions.

Select engagements Montana has advised on include:

Represented Stripe in its $6.5 billion Series I round
Represented Solugen in its $350 million Series C and $200 million Series D financings
Represented Merama in its $225 million Series B and $80 million Series B follow-on financings
Represented Next Insurance in its $250 million Series C financing, $250 million Series D financing and $250 million Series E financing
Represented Coatue Management in its investment in the $100 million Series B financing of Mercury Technologies
Represented D1 Capital Partners in its investment in the $450 million Series D financing of Andruil
Represented Inspire Semiconductor in its $2.5 million Series A financing and acquisition of Greenfield Acquisition (TSX:GAC.P), a publicly-traded SPAC, by way of a reverse merger
Represented Codecademy in its $525 million acquisition by SkillSoft (NYS: SKIL), a New Hampshire based provider of educational software
Represented Envisics in its $50 million Series C financing
Represented Supabase in its $30 million Series A and $80 million Series B financings
Represented Coatue Management in its $17 million investment in LiveControl
Represented a Brazilian digital entrepreneurship platform in its Series A financing
Represented a cloud software company in its Series C investment in an enterprise blockchain company
Represented a talent management software provider in multiple financings
Represented a cloud software company in its $30 million Series B investment in an open source SQL database
Represented the investment arm of a global financial services company in its Series A investment in an intelligence platform using AI and predictive modeling
Represented the venture financing division of a large insurance company in its participation in the $29 million Series E financing of an insurance claims technology provider
Represented a voice-controlled mobile platform in its $20 million Series C financing
Represented the venture financing division of a large technology company in its Series C investment in an application traffic manager
Represented Calibrate Ventures in its investment in the $20 million Series A financing of GrayMatter
Represented Coatue Management in its investment in the $35 million Series B financing of Crivello Technologies
Represented Fintual, a Chile based company that provides savings and investment options through an online platform, in its $39 million Series B financing
Represented Flex Capital in its investment in the $23 million Series A financing of GoFreight Inc.
Represented InsideSherpa in its $25 million Series B financing
Represented Gym Class in its $8 million Series Seed financing
Represented Keen Technologies, an AI startup, in its financing
Represented Radiant in its $12.6 million Series A financing
Represented Red Sea Ventures in its investment in the $25 million Series A financing of Accrue Savings, Inc.

*Please note: Montana’s experience includes that prior to joining Orrick.

Andrés Yarto Managing Associate

New York

See my bio

D:+1 212 506 5000
E: ayarto@orrick.com

vCard

See full bio

Andrés Yarto Managing Associate

New York

With a deep understanding of the technology landscape, Andres provides strategic counsel to technology companies and venture capital funds. His expertise spans two main areas: those focusing on blockchain, cryptocurrency, NFTs, and web3 technologies and companies operating in Latin America. While these areas don’t have to overlap, Andrés finds it particularly exciting when they do, as it presents unique opportunities for innovation and growth.

Andrés leverages his extensive knowledge, proficiency in both English and Spanish and experience to help clients navigate the complex regulatory environments and market dynamics of these rapidly evolving sectors. His insights are instrumental in guiding companies through funding rounds, structuring their products in a compliant way, strategic partnerships, and compliance challenges, ensuring they are well-positioned for success.

Julia Foley Managing Associate, Technology Companies Group

Austin

See my bio

D:+1 512 582 6950
E: jfoley@orrick.com

Practice:

Technology Companies Group

vCard

See full bio

Julia Foley Managing Associate

Austin

Julia is passionate about working with founders who think outside the box to grow their companies and become the next big thing across a wide breath of industries and across the globe. Julia has advised early-stage companies in several dozen equity and convertible financings.

Julia also represents investors and venture capital firms on their investments in early and high-growth technology companies.

Related Areas

Technology Companies Group