Cartesian Capital completed the investment in Tiendamia.

Cartesian Capital, a private equity firm having managed more than $3bn in capital commitments, completed the investment in Tiendamia, an online cross-border marketplace and transportech company. Financial terms were not disclosed. "We are pleased to partner with the Tiendamia management team, founders, and shareholders as they solve the cross-border fulfillment conundrum that developed market eCommerce merchants face when seeking to expand their offerings outside their domestic borders. We see an enormous unmet opportunity for cross-border eCommerce in developing markets and specifically in Latin America, the fastest growing region for eCommerce in the world,” Beth Michelson, Cartesian Capital CEO.