GIC, Kaszek Ventures, Tiger Global Management, Temasek Holdings and Iconiq Capital Back Netshoes

Source: GIC

Singapore’s sovereign wealth fund GIC has led a US$170 million financing round in Brazil-based online sports goods retailer Netshoes. Other investors in the round included venture capital firm Kaszek Ventures, hedge fund and private equity firm Tiger Global Management, Singaporean investment company Temasek and global multi-family office Iconiq Capital. Netshoes intends to use the funding to strengthen its capital structure.