Dive Summary:

• Brazilian shoe and apparel e-retailer Dafiti Group announced it has reached an investment agreement with the Ontario Teachers’ Pension Plan for $70 million in capital, according to details published by Internet Retailer.
• The two-year-old company has now acquired a total of $255 million in investments following initial funding of $50 million from Rocket Internet, a Berlin-based investment company.
• This funding endorses the investors’ trust in the potential of Brazilian fashion online retail and, consequently, in Dafiti as the leader of this segment in Latin America with our operations in Argentina, Brazil, Chile, Colombia and Mexico,” said Philipp Povel, Dafiti co-founder.

From the article:

The Ontario Teachers’ Pension Plan is an independent organization that invests the pension fund’s assets and administers the pensions of 303,000 active and retired teachers in Ontario, Canada. The organization had $129.5 billion in net assets as of December 31, 2012, it says.