Our History

Accelerating people's journeys since the beginning.

We inspire, through our success, the next generations of leaders from emerging markets to build the next era of global businesses.

Our History

2000

On June 5, 2000, Geraldo Thomaz and Mariano Gomide created a company to develop software for the textile industry. We took the first steps with $150,000 that they got by pooling their own savings and the investment of a former boss. That is how Vitrine Têxtil was born.

2005

The development of digital solutions for the textile industry did not take off. After many conversations, many mistakes, many product trials and pilots, we officially positioned ourselves as an ecommerce solution with global aspirations. From the moment we embraced this stance, opportunities began to arise.

2007

We were chosen by Walmart, the world’s largest retailer, to develop their ecommerce platform. We were the smallest competitors in the race. Our argument for winning this opportunity was that because we were small, we would be 100% dedicated to the project.

2012

We received our first major investment from the South African Naspers. With this capital, we created successful solutions, such as the passwordless checkout, and began our expansion throughout Latin America, opening offices in countries like Argentina, Chile, Colombia, Peru, Ecuador, and Mexico. We were well received in all these places.

2015

Naspers was acquired by Riverwood Capital, and our founding partners had to make a big bet on the business. They took out a loan from BNDES to maintain their equity stake in the company. This move accelerated the business and made revenue jump from R$100 thousand to R$20 million in just one year.

2018

We’re a Brazilian company, but currently we have offices all around the world. Our collaborators come from many different countries, which allows our teams to have different perspectives, and which then guides us to better decisions. This in turn allows us to offer cutting-edge technology solutions to the world. For this to work, we want to boost and spread our message, with the intention of educating our Brazilian talents. Over the past years, VTEX has developed important partnerships with universities in the Northeastern part of the country.

2019

We brought in new investors to embark with us on the dream of conquering even more markets worldwide. Softbank, Gávea Investimentos, and Constellation contributed over R$500 million in our business.

2020

Under the circumstances imposed by COVID-19, digital transformation and migration to online retail around the world became an urgency, and we were ready to turbocharge the acceleration of global ecommerce.

We became a unicorn after a $1.7 billion investment led by Tiger Global and Lone Pine Capital funds. We increased our presence in Europe after opening our fourth office there, and we consolidated ourselves as the largest ecommerce player in Latin America with more than 2,500 customers in 32 countries.

2021

VTEX listed in NYSE

In July, we listed VTEX on the NYSE.

Most people are under the impression that they are determined by their past. We are confident that our future determines us.

VTEX was born in a country with a challenging past. Yet, history shows that when we dare to imagine a new future, everything is possible.

On this date, alongside our families, employees, customers, partners, and shareholders, we take a significant step towards the future we're committed to.

We are positioning Latin America among the protagonists of the global technology landscape while VTEX becomes an accelerator of the digital transformation of retail through software.

We are transforming the demand for technology into an opportunity to invest in historically underprivileged and yet high potential regions through education, fostering a new generation of world-class, global citizens.

2000

On June 5, 2000, Geraldo Thomaz and Mariano Gomide created a company to develop software for the textile industry. We took the first steps with $150,000 that they got by pooling their own savings and the investment of a former boss. That is how Vitrine Têxtil was born.

Hear the stories that built our company, the challenges they faced, and how they got to where they are.

During the next episodes, you will be able to learn about other transformations and bets that allowed our products to evolve and our company to grow.

2005

The development of digital solutions for the textile industry did not take off. After many conversations, many mistakes, many product trials and pilots, we officially positioned ourselves as an ecommerce solution with global aspirations. From the moment we embraced this stance, opportunities began to arise.

2007

We were chosen by Walmart, the world’s largest retailer, to develop their ecommerce platform. We were the smallest competitors in the race. Our argument for winning this opportunity was that because we were small, we would be 100% dedicated to the project.

Some of the partners who joined forces with us to transform commerce share insight into our story together.

For this episode, we invited some of them to share what we have done together and what lies ahead.

Through chance encounters and mergers, the team grew, and business evolved. Hear about the stories from the founders themselves: Mariano Gomide de Faria, Geraldo Thomaz, Gustavo Rios, Marcelo Couto, Rafa Forte and Alexandre Soncini.

In this video, we talk about the technology scenario and the determination with which we embraced and overcame the challenges we’ve encountered along the way.

2012

We received our first major investment from the South African Naspers. With this capital, we created successful solutions, such as the passwordless checkout, and began our expansion throughout Latin America, opening offices in countries like Argentina, Chile, Colombia, Peru, Ecuador, and Mexico. We were well received in all these places.

2015

Naspers was acquired by Riverwood Capital, and our founding partners had to make a big bet on the business. They took out a loan from BNDES to maintain their equity stake in the company. This move accelerated the business and made revenue jump from R$100 thousand to R$20 million in just one year.

In this episode, we interviewed the founders of companies that were acquired by VTEX.

This episode reinforces our role in the transformation of these young talents. Also, hear from their mentors, who share good memories and powerful projects.

2018

We’re a Brazilian company, but currently we have offices all around the world. Our collaborators come from many different countries, which allows our teams to have different perspectives, and which then guides us to better decisions. This in turn allows us to offer cutting-edge technology solutions to the world. For this to work, we want to boost and spread our message, with the intention of educating our Brazilian talents. Over the past years, VTEX has developed important partnerships with universities in the Northeastern part of the country.

2019

We brought in new investors to embark with us on the dream of conquering even more markets worldwide. Softbank, Gávea Investimentos, and Constellation contributed over R$500 million in our business.

This episode remembers the challenges and impact of our biggest event that happened annually: VTEX Day.

Every year breaks a new record! Black Friday is one of our most important events - it’s when all our energy reverberates. We spend months preparing for it, paying attention to every detail. In this episode, we tell you what happens behind the scenes of this great moment for digital.

2020

Under the circumstances imposed by COVID-19, digital transformation and migration to online retail around the world became an urgency, and we were ready to turbocharge the acceleration of global ecommerce.

2020

We became a unicorn after a $1.7 billion investment led by Tiger Global and Lone Pine Capital funds. We increased our presence in Europe after opening our fourth office there, and we consolidated ourselves as the largest ecommerce player in Latin America with more than 2,500 customers in 32 countries.

2021

VTEX listed in NYSE

In July, we listed VTEX on the NYSE.

Most people are under the impression that they are determined by their past. We are confident that our future determines us.

VTEX was born in a country with a challenging past. Yet, history shows that when we dare to imagine a new future, everything is possible.

On this date, alongside our families, employees, customers, partners, and shareholders, we take a significant step towards the future we're committed to.

We are positioning Latin America among the protagonists of the global technology landscape while VTEX becomes an accelerator of the digital transformation of retail through software.

We are transforming the demand for technology into an opportunity to invest in historically underprivileged and yet high potential regions through education, fostering a new generation of world-class, global citizens.

This is just the beginning.

So join us in this infinite journey towards excellence.