SAO PAULO, Sept 18 (Reuters) - Brazilian startup Cayena said on Wednesday it had raised 300 million reais ($54.8 million) in a new round led by Bicycle Capital, an investment firm founded by former executives of Japanese conglomerate SoftBank 9984.T, Marcelo Claure and Shu Nyatta.
Cayena, which connects food wholesalers and retailers, did not disclose its valuation this round.
The startup, founded in 2020, said in a statement it intends to use the funding to expand operations to more than 500 Brazilian cities. It currently operates in more than 100.
Other firms joining the round were Coca-Cola FEMSA Ventures, Picus Capital, Astella, Globo Ventures, Endeavor Catalyst, Canary, FJ Labs, Clocktower, and Norte Ventures, according to the statement.
($1 = 5.4766 reais)
(Reporting by Andre Romani; Editing by Rod Nickel)
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