General information (Tables)

12 Months Ended

Dec. 31, 2022

Text Block [Abstract]

Summary of being consolidated in these financial statements

The following entities are part of the Group and are being consolidated in these financial statements:

Company

Place of business/
country of
incorporation

Relationship

Principal
business
activity

% of Ownership

as of December 31,

2022

2021

2020

VTEX (“VTEX”)

Cayman

Holding

Technology Services

VTEX Informática S.A. (“VTEX ARG”) (i)

Argentina

Subsidiary

Technology Services

100

96.54

VTEX Brasil Tecnologia para Ecommerce LTDA.

(“VTEX Brazil”)

Brazil

Subsidiary

Technology Services

100

VTEX Day Eventos Ltda. (“VTEX DAY”)

Brazil

Subsidiary

Production of events

100

Loja Integrada Tecnologia para Softwares S.A. (“Loja Integrada”)

Brazil

Subsidiary

Technology Services

99.58

99.87

100

VTEX Intermediação de Cobrança Ltda. (“VTEX STORE”) (ii)

Brazil

Subsidiary

Technology Services

—

99.99

Dlieve Tecnologia S.A. (“Dlieve”) (iii)

Brazil

Subsidiary

Technology Services

—

100

Ciashop Soluções para Comércio Eletrônico S.A. (“Ciashop”) (iv)

Brazil

Subsidiary

Technology Services

—

100

Suiteshare Tecnologia da Informação S.A (“Suiteshare”) (v)

Brazil

Subsidiary

Technology Services

—

100

—


Company	Place of business/ country of incorporation	Relationship	Principal business activity	% of Ownership as of December 31,
Company	Place of business/ country of incorporation	Relationship	Principal business activity	2022		2021		2020
VTEX Chile SPA (“VTEX CHI”)	Chile	Subsidiary	Technology Services		100		100		100
VTEX Colombia Tecnologia para Ecommerce S.A.S. (“VTEX COL”)	Colombia	Subsidiary	Technology Services		100		100		100
VTEX Commerce Cloud Solutions LLC (“VTEX USA”)	USA	Subsidiary	Technology Services		100		100		100
VTEX Ecommerce Platform Limited (“VTEX UK”)	UK	Subsidiary	Technology Services		100		100		100
EICOM Limited (“EICOM”) (vi)	UK	Subsidiary	Technology Services		—		—		100
Soluciones Cloud En Ecommerce S. De R.L. De C.V. (“VTEX MEX”) (vii)	Mexico	Subsidiary	Technology Services		100		99.99		99.95
EI Education S.A.P.I de C.V. (“Escuela de Internet or “Escuela”)	Mexico	Subsidiary	Technology Services		100		100		100
Peru Tecnologia para ECOMMERCE S.A.C. (“VTEX PERU”) (viii)	Peru	Subsidiary	Technology Services		100		100		—
VTEX Platform España, S.L. (“VTEX ESP”) (ix)	Spain	Subsidiary	Technology Services		100		—		—
VTEX Ecommerce Platform Limited—Sede Secondaria (“VTEX ITA”) (viii)	Italy	Branch	Technology Services		100		100		—
VTEX Ecommerce Platform Limited London—Sucursala Bucuresti (“VTEX ROM”) (viii)	Romania	Branch	Technology Services		100		100		—
VTEX Ecommerce Platform Limited – Sucursal em Portugal (“VTEX PORT”) ( viii)	Portugal	Branch	Technology Services		100		100		—

(i)	In January 2021, the Group acquired the non-controlling interest of VTEX ARG. Refer to note 19.2(d) for additional details.

(ii)	VTEX STORE was liquidated in February 2021.

(iii)

Dlieve was merged into VTEX Brazil in April 2021.

(iv)	Ciashop was merged into VTEX Brazil in December 2021.

(v)	Suiteshare was acquired in April 2021, refer to note 3.2 for additional details. In March 2022 it was merged into VTEX Brazil.

(vi)	EICOM was constituted in 2020 and merged into VTEX UK in 2021.

(vii)

In May 2021, the Group acquired the

non-controlling

interest of VTEX MEX. Refer to note 19.2(d) for additional details.

(viii)

VTEX PERU, VTEX ITA, VTEX ROM and VTEX PORT were created in 2021 to fulfill the Group’s operational needs.

(ix)	VTEX ESP was created in March/ 2022 to fulfill the Group’s operational needs.