Axon Partners Group continues its commitment to the Latin American ecosystem and its consolidation as a leading regional investor in digital companies.
Axon Partners Group, through the Amerigo Ventures Pacífico Fund, invested in Neumarket through an equity investment with the objective of scaling its operations in Mexico and Colombia and thus continue to consolidate its position as the reference online company within the tires industry in the Latin American region.
Neumarket (www.neumarket.com) is the largest Tire eCommerce in Colombia and Mexico, and is has positioned itself as the leader in the industry in the Latin American region. Growing annually at 103% in 2016, Neumarket aims to sell 200.000 tires in 2020.
About this transaction Alfonso de León, CEO of Axon Partners Group, commented “We are pleased to contribute to Neumarket’s development and help to boost its growth. The company groups a seasoned team with deep knowledge expertise looking to exploit an attractive niche”. This investment reaffirms Axon’s position as a leader of the digital entrepreneurship ecosystem in Latin-America, where Neumarket represents the tenth investment for its portfolio.