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Just five months after raising $90M, Brazil’s Nuvemshop announced today it has raised $500 million in a round co-led by Insight Partners and Tiger Global Management. That’s up from 20,000 merchants at the start of 2020 and 80,000 at the time of its last raise in March. market in the future.
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. The COVID-19 pandemic has accelerated the adoption of digital payments all over the world, and Latin America is no exception. Clocktower Technology Ventures makes $25M bet on Latin American fintechs.
The back-to-back raises are a reminder that edtech’s relevance in LatAm isn’t just growing in classrooms, but also within organizations across LatAm. The company announced this week that it has raised a $13.5 Crehana announced today that it has raised a $70 million Series B just months after a $13 million Series A extension round.
Bitso , a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 For one, it comes just four months after the startup raised $62 million in a Series B round. The news caught our attention for several reasons. Image Credits: Bitso.
In total, NotCo, with roots in both Chile and New York, has raised more than $350 million, founder and CEO Matias Muchnick told TechCrunch. Brazil, Argentina, Chile and Colombia. Currently, the company has four product lines: NotMilk, NotBurger and NotMeat, NoticeCream and NotMayo, which are available in the five countries of the U.S.,
In Fudo’s case, the Argentina-based company offers a web-based restaurant operating system and point-of-sale software that brings together a restaurant’s operations into a centralized “hub.” That independent restaurant customer, most likely adopting restaurant operation technology for the first time, is who Fudo is targeting.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. This new capital combines with previous raises of $7 million following Skydropx’s participation in Y Combinator in 2018. Last-mile logistics platform Cargamos raises $11M seed round to expand same-day delivery.
Fund II will explore options to raise additional capital,” SoftBank said in a statement. It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. SoftBank will continue to drive technology adoption that will benefit hundreds of millions of people in this part of the world,” he said.
Macrometa , the edge computing cloud and global data network for app developers, announced today it has raised a $20 million Series A. It will hire for its engineering and product development centers in the United States, Eastern Europe and India, and add new centers in Ukraine, Portugal, Greece, Mexico and Argentina.
Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. In Latin America, all markets are moving toward a more open acquiring model, but each individual country is at varying levels of adoption. The financing marks the company’s first ever institutional funding.
The announcement came after concerns were raised by the Antitrust Division that the directors dual roles on both the Epic and Tencent boards violated Section 8 of the Clayton Act, which stipulates that an individual cannot serve on the boards of multiple competing companies.
Fast-forward three months to today, and Datanomik, Strauss’s venture, announced it has raised a $6 million seed round led by a16z. He added that Datanomik also has its sights set on Mexico and Colombia, which are both in the process of adopting an open banking system as well, though they are in earlier stages than Brazil.
The idea for the company came a couple of years ago when Cavasotto and Andres Arslanian, CTO, worked as volunteers for a Microcredits NGO in Argentina. 3 strategies to make adopting new HR tech easier for hiring managers. This gives the company a total of $13.3 million in funding, which includes a seed round received after YC.
Nicolás Giménez , the co-founder of Argentina-based startup Fidu , has convinced over 1,000 schools across the Latin America region to place their operations in the hands of a scrappy edtech startup. The challenge is that adoption takes time.
We are being more opportunistic and throwing fuel on the fire, but we are raising to throw fuel on a fire that is already burning nicely,” he added. Talia Goldberg, a partner at Bessemer Ventures, told me that “it’s a great time to be in an e-commerce enablement business given the tailwinds and adoption.”. We profiled them previously.
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B. For example, a study last year by Cambridge University suggested that just one cryptocurrency — Bitcoin — consumed more energy annually than the entire country of Argentina. Swappie bags $40.6M
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