Simetrik INC announced that it has received $5 million in funding from Y Combinator Management LLC, Global Founders Capital Management GmbH, Cometa, Monashees Gestão de Investimentos Ltda., MercadoLibre, Inc.
April 19, 2021
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Simetrik INC announced that it has received $5 million in a round of funding led by new investor Cometa on April 20, 2021. The transaction included participation from new investors Y Combinator Management LLC, Global Founders Capital Management GmbH, Monashees Gestão de Investimentos Ltda. and returning investor MercadoLibre, Inc. (NasdaqGS:MELI).
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).
Simetrik INC announced that it has received $5 million in funding from Y Combinator Management LLC, Global Founders Capital Management GmbH, Cometa, Monashees Gestão de Investimentos Ltda., MercadoLibre, Inc.
MERCADOLIBRE, INC. 
