Brazilian E-Commerce Newcomer Basico Closes US$500,000 Seed Round

New Brazilian e-commerce player Basico has raised US$500,000 for seed funding. The company will now set out to stake its claim as Brazil’s leading online-only luxury basic apparel brand.

The round was led by Initial Capital, the Brazilian/Israeli VC fund that has proven a major proponent of Brazil’s startups as of late.

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Emily Stewart

Originally from the United States. Degree in Comparative Literature & Society from Columbia University. Background in marketing and communications, including copywriting, translation, editing and content creation. Localization experience. Twitter @doblackshoe