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In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. Today, Chile-based Kredito announced a $4 million pre-seed round. However, the business banking space seems like it’s also undergoing some changes.
NotCo , a food technology company making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 This funding round follows an undisclosed investment in June from Shake Shack founder Danny Meyer through his firm EHI. Brazil, Argentina, Chile and Colombia.
The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.
To make the school more affordable, Henry looks to take on the same strategy used by Lambda School, a YC-graduate that has raised over $122 million in known funding: income-share agreements. Henry, alternatively, focuses on Spanish speakers, over 60% of its market in Latin America. Now, VCs are giving Henry some cash to do so.
Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.
The company took in $260 million in Series B, just five months after raising $170 million in Series A funding that was led by GGV Capital, Balderton Capital and Tiger Global Management. On the fresh side, we are increasing our offerings across geographies and becoming more personalized than the alternative grocery store.”.
Alternative protein startup SIMULATE , known for its NUGGS and TENDERS, is introducing two new versions of its plant-based, simulated chicken product aimed at restaurants. We last profiled SIMULATE back in 2021 when it raised $50 million in Series B funding , which valued the company at $260 million. Nuggs creator Simulate raises $50M.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Also, the country has seen some of the lowest interest rates on record, which he said has fueled the development of the alternative assets industry. .
The company is already active in 33 countries (most recently Chile, Colombia and Romania) and has some 3 million businesses as customers. The funding is coming from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and funds managed by Oaktree Capital Management.
Less than six months after raising $8 million in seed funding, Chilean proptech startup Houm has raised $35 million in a Series A round led by Silicon Valley venture capital firm Goodwater Capital. With the latest round, Houm has raised a total of $45 million since its inception.
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds.
DEUNA , a Silicon Valley-based one-click checkout commerce startup, is officially joining Latin America’s nearly $100 billion e-commerce sector with $30 million in Series A funding after largely staying under the radar since being founded in late 2020. That’s why they say they are building a “Commerce 3.0” that will tackle all three of those.
We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. However, we’ve seen some downsides of the industry, for example, Zero Grocery folded about a month after I reported on their new funding round.
Priyanka Srinivas is the co-founder and CEO of Live Green Co , a Chilean food tech startup that uses artificial intelligence to suggest plant-based alternatives for meat and artificial additives in food. In fact, women early-stage entrepreneurs receive an average of $1 million less in funding than men do, despite performing better on average.
Innovamat will be using the funding to expand its business. It has been around since 2017, operating initially in Spain before expanding to Italy and several countries in Latin America (Mexico, Colombia, Chile, Ecuador, Brazil and Peru). Innovamat will be using the funding to expand its business. in New Jersey.
“In that same account, they receive loan funds and pay their installments every week. “The biggest competitive advantage is that we apply a matching fund strategy around the installments amount,” Costanzo said. ” Image Credits: Uils. is any indication.
A source tells us Founders Fund is also investing. Are there alternatives to ChatGPT? There are multiple AI-powered chatbot competitors such as Together , Google’s Bard and Anthropic’s Claude , and developers are creating open source alternatives. There are no built-in sharing features yet.
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