{"id":1956,"date":"2024-05-14T21:31:35","date_gmt":"2024-05-14T21:31:35","guid":{"rendered":"https:\/\/rclawus.com\/?p=1956"},"modified":"2025-01-15T13:33:05","modified_gmt":"2025-01-15T13:33:05","slug":"rc-law-acted-as-counsel-for-falabella-ventures-in-connection-with-the-acquisition-of-an-equity-interest-in-simetrik","status":"publish","type":"post","link":"https:\/\/rclawus.com\/rc-law-acted-as-counsel-for-falabella-ventures-in-connection-with-the-acquisition-of-an-equity-interest-in-simetrik\/","title":{"rendered":"RC Law Counseled Falabella in the Acquisition of Equity Interests in Simetrik"},"content":{"rendered":"
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RC Law acted as counsel for Falabella Ventures in connection with the acquisition of an equity interest in Simetrik\u2019s $55 million funding round led by Goldman Sachs.\u00a0 Falabella Ventures is the venture capital arm of Falabella, a major multinational company known for its retail, real estate, financial services, and home improvement sectors.\u00a0 Senior Associate Ignacio C. Furfaro<\/a> led the transaction and was supported by an RC Law team based in its Miami office.<\/p>\n

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Press Release: Reuters<\/h2>\n

LatAm\u2019s Simetrik raises $55 million in Goldman Sachs-led funding round<\/h3>\n

Feb 21 (Reuters) \u2013 Colombian-founded Simetrik, a startup offering business-to-business services to streamline complex financial tasks, raised $55 million in a funding round led by Goldman Sachs\u00a0(GS.N)<\/a>, which two executives said will be mainly used to boost activity beyond the region.<\/p>\n

Simetrik\u2019s financial and accounting services are aimed at companies that make more than $150 million in sales every year and currently handles close to $150 billion in transactions annually, the startup\u2019s Chief Executive Alejandro Casas and Chief Operating Officer Santiago Gomez told Reuters in a video interview.<\/p>\n

The company operates in over 35 countries, but 80% of its workforce is located in Latin America.<\/p>\n

Simetrik has smaller-scale operations in Asia and Africa due to the global reach of such clients as U.S.-listed dLocal\u00a0(DLO.O)<\/a>, and it is now seeking to expand further.<\/p>\n

\u201cOne of the reasons Goldman Sachs invested in us is due to our global reach. We already have clients with operations in Asia, Africa and Europe, and we are implementing an aggressive expansion as we have already proven our model works everywhere,\u201d Simetrik\u2019s Casas said.<\/p>\n

Falabella Ventures, Endeavor Catalyst and MercadoLibre fund are among the other investors in Simetrik\u2019s Series B round. The company declined to say what total value was implied by the latest fundraising round.<\/p>\n

Mexican bottler and retailer Femsa\u00a0(FEMSAUBD.MX)<\/a>, Brazilian bank Itau Unibanco\u00a0(ITUB4.SA)<\/a>, and Argentina\u2019s MercadoLibre\u00a0(MELI.O)<\/a> are among the startup\u2019s clients.<\/p>\n

Source: LatAm\u2019s Simetrik raises $55 million in Goldman Sachs-led funding round | Reuters<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

RC Law acted as counsel for Falabella Ventures in connection with the acquisition of an equity interest in Simetrik\u2019s $55 million funding round led by Goldman Sachs.\u00a0 Falabella Ventures is the venture capital arm of Falabella, a major multinational company known for its retail, real estate, financial services, and home improvement sectors.\u00a0 Senior Associate Ignacio […]<\/p>\n","protected":false},"author":2,"featured_media":2231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[22,20],"class_list":["post-1956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ignacio-furfaro","tag-xavier-ruiz"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/rclawus.com\/wp-content\/uploads\/2024\/09\/Falabella-1.png?fit=800%2C600&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/posts\/1956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/comments?post=1956"}],"version-history":[{"count":5,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/posts\/1956\/revisions"}],"predecessor-version":[{"id":14293,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/posts\/1956\/revisions\/14293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/media\/2231"}],"wp:attachment":[{"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/media?parent=1956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/categories?post=1956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rclawus.com\/wp-json\/wp\/v2\/tags?post=1956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}