Hotmart, a cloud-based platform that lets users sell or distribute digital products, has raised $130 million in a Series C funding round.

The investment was led by TCV. Alkeon Capital also participated in the round.

Founded by João Pedro Resende and Mateus Bicalho in 2011, Hotmart has around 1,300 employees in 12 offices around the world (Netherlands, U.S., Brazil, Spain, Mexico, Colombia and France), according to a statement by the company.