Favo
ClosedSao Paulo, Brazil · Founded 2020 · $61.5M raised
- Headquarters
- Sao Paulo
- Founded
- 2020
- Business Model
- B2C
- Website
- mercadofavo.com
- Total Funding
- $61.5M
- Last Round
- $35.0M Series BJan 2023
- Rounds
- 2
About
Favo, also known as Mercado Favo, is a Brazilian social commerce platform that enables local entrepreneurs to resell discounted supermarket products — groceries, cleaning supplies, and personal care items — to their neighborhood networks through WhatsApp links and a mobile app. Headquartered in Sao Paulo, the company expanded into cities such as Salvador and Itu after raising R$141 million in October 2021 to scale its neighbor-to-neighbor commerce model.
Summary
Favo is an E-Commerce company based in Sao Paulo, Brazil, founded in 2020. It has raised $61.5M in total across 2 rounds, most recently a $35.0M Series B round in Jan 2023. Investors include Elevar Equity, Global Founders Capital and Tiger Global.
Funding History
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Jan 2023
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Series A through Series B — per-round amounts, valuations, and who invested in each round.
Investors
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