nocnoc secures $14m in Series A to enhance cross-border eCommerce in LatAm

By Delisha Fernandes

nocnoc, a cross-border eCommerce between global sellers and Latin America, announced that it has secured $14 million in Series A funding, led by PayPal Ventures with participation from Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia.

The funding will further strengthen nocnoc’s mission to help international businesses grow and expand into Latin America. The company plans to utilise the capital to expand its reach into new markets and open additional sales channels.

“Marketplaces make up 80% of eCommerce in Latin America but are highly fragmented,” said Ilan Bajarlia, co-founder and CEO of nocnoc. “There is no ‘winner takes all’ player, like Amazon or Walmart in the US, Taobao or JD in China. In this sense, simultaneously listing, managing and selling on all these platforms is hard and costly. nocnoc obscures this fragmentation by allowing international sellers to quickly and easily grow their sales in Latin America while preserving their ability to focus on their core sales channels.”

“We see significant opportunity in cross-border trade and believe nocnoc is uniquely positioned to help sellers win in Latin America,” said Ian Cox Moya, Partner at PayPal Ventures . “We are thrilled to support nocnoc founders Ilan Bajarlia, Diego Szilagyi and Joaquín Colella, and the rest of the nocnoc team as they grow and expand the business.”

nocnoc offers a comprehensive solution that enables sellers to expand their businesses quickly and successfully. It maximises product exposure by managing product listings across multiple marketplaces and building effective marketing campaigns based on current trends and also handles all communications with consumers, last-mile deliveries, cancellations and returns.