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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. Nuvemshop (also known as Tiendanube in Spanish speaking countries) aims to give entrepreneurs a way to build and grow online businesses.
With more people in Latin America getting used to making purchases digitally, the company has experienced a major surge in business over the past year. Nuvemshop has seen the number of merchants on its platform surge to nearly 80,000 across Brazil, Argentina and Mexico compared to 20,000 at the start of 2020.
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. Pomelo’s goal is to solve the problem by creating a new generation of financial services infrastructure that allows companies to build a fintech business and launch cards “much faster” throughout Latin America.
Tim Berners-Lee’s startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. The Inrupt team includes cryptography expert Bruce Schneier.
Tuna is on a mission to “fine tune” the payments space in Latin America and has raised two seed rounds totaling $3 million, led by Canary and by Atlantico. He has identified Mexico, Colombia and Argentina as potential new markets. Current and upcoming trends in Latin America’s mobile growth.
Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. The round was led by D1 Capital Partners, Founders Fund, Ribbit and BOND, and brings Kavak’s total capital raised to date to more than $900 million.
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments.
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.
The fund will invest between $250,000 and $1 million in startups at the seed stage to help them achieve the milestones needed on the path to raising a Series A. We aim to help entrepreneurs in those stages. That has more than validated that there will be more money in coming years, Mayer added.
E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. That demand has enabled clicOH to grow quickly since launching its current business model in 2020.
Digital House , a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding. Riverwood Capital, a Menlo Park-based private equity firm, and existing backer early-stage Argentina-based venture firm Kaszek also participated in the financing.
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.
Beeflow’s business model is two-fold. The startup was founded by Matias Viel, who is from Argentina, and is mostly operational in Latin America and the West Coast of the U.S., Combined, these Beeflow products have increased crop yields for farmers up to 90 percent. with plans to expand to the East Coast and Mexico.
Rebill , an Argentina-based startup, raised $3.6 CEO Nahuel Candia got the initial idea for Rebill in 2018 when he was consulting for an insurance company in Argentina. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies.
announced a $30 million raise for its commercial and open source approach to neural search, for a more early-stage example. As with all OSS projects that may succeed, its goal is to offer something useful to the market as open code and build a commercial business atop what’s generally available. This morning, Jina.ai
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. The round values 2TM Group , Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it among the top 10 unicorns in Latin America. .
Belvo , a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. Citing Crunchbase data, Belvo believes the round represents the largest series A ever raised by a Latin American fintech. Belvo currently operates in Mexico, Colombia and Brazil. .
Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. In Argentina, it was granted a Mastercard and payments license. Image Credits: Pomelo.
At the time, the company touted it as “the largest Series B round ever raised in Latin America.”. In total, the company has raised $445 million, of which $345 million is equity and $100 million is debt. The latest funding will enable the company to expand into Argentina and the United States.
The firm started raising two months ago and already secured $35 million in commitments and cash in hand. Lorena Suarez, one of the managing partners of Argentina-based Alaya Capital , a 10-year-old early-stage VC firm, invests in impact-driven startups from Spanish-speaking Latin America. It’s been a busy day for new funds.
Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle. . “We We’re more similar to The Hut Group in the EU.”.
Kavak , a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 Clearly, the company’s business model seems to be working. This news is notable for a few reasons.
Enter Skydropx , a Mexico City-based logistics management company that enables businesses to create an end-to-end automated delivery experience for customers that includes over 250 shipping options, track notifications via WhatsApp, estimated delivery times and return management.
Today, Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 The round is believed to be the largest private raise ever by an Argentinian company and brings Uala’s total raised to $544 million since its 2017 inception. million cards.
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. He expects to have 50% of its business coming from the U.S. over the next three years.
Agrotools , a Brazilian-based technology and intelligence company for agribusiness, raised $21 million (BRL 100 million) to value the company at around $94 million, according to the company. The funding will be deployed into areas including expanding its business in the U.S.,
It has now raised $34 million. Playvox founder and CEO Oscar Giraldo founded the company in 2012 and has been quietly building it into an international business with brand name customers like Dropbox, Electronic Arts and Wish. Customer support startup Gorgias raises $25M.
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. Similarly, most businesses are underserved by modern software solutions,” Nyatta explained. each for Kavak and VTEX; 2.6x
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.” Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil.
Bitso may already be the dominant cryptocurrency platform in Latin America boasting 1 million users (primarily in Mexico and Argentina) and is one of the only platforms to be licensed under the Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC). .
Kaszek Ventures , one of Latin America’s first venture firms, has raised $975 million across two funds. Since 2011, Kaszek has backed more than 120 companies, which the firm says collectively have raised more than $15.5 Image Credits: Kaszek Kaszek founded its first fund in 2011, raising $95 million, an impressive sum at that time.
Fintechs have raised $23B across the regions since 2017. While this dropped last year to $362 million, companies like Flutterwave, TymeBank, Kuda have raised sizeable rounds during this period. Latin America is home to a growing base of digital users, enabling regulation and reforms, and vibrant small businesses. India is one.”
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina. Now, VCs are giving Henry some cash to do so.
At the time, Wonder Brands raised $20 million in venture capital. Few are seeing venture capital come their way in recent months, save for companies such as Una Brands and Razor , which may allude to how well Wonder Brands developed its business model. In 2021, the e-commerce roll-up, or aggregator, scene was in full force.
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. Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services.
The company has now raised a total of $70 million since its inception in 2018. Marietti, who is from Argentina, was working in food tech and saw that modern delivery services were only able to offer limited food options and pricing, and was a trade-off between convenience and variety. CookUnity founder Mateo Marietti.
We are a far more AUM-focused business, both philosophically and in terms of how we are building our product roadmap for 2022… Although things may get rough in the short term, historically speaking, time is the investor’s friend.” The startup currently offer users integration to local banking in the U.S. Image Credits: Vest.
For good reason, too: Startups have raised $9.3 In fact, the evolution of business shares far more similarities across countries than we might expect. This is not very different from the timeline of businesses in other markets such as the United States. There has been significant hype around Latin America’s startup success.
Business is booming in Latin America: Startups raised $9.3 Investment dollars stretch far beyond business: In the United States, venture investment accounts for 0.2% Businesses that partner with schools can incubate the next talent generation. Share on Twitter.
But when Strauss searched for a solution in LatAm that would fit the needs of businesses in the region, he came up empty — so he decided to build it himself. Fast-forward three months to today, and Datanomik, Strauss’s venture, announced it has raised a $6 million seed round led by a16z.
“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.”. “One
Execs from the two startups say the combined company will have processed over $5 billion in payments and built a network of over 500,000 connected businesses by creating B2B DeFi payment networks in both the U.S. Klarna recently raised $800 million at a $6.7 and Mexico. Today the U.S. As a result, they may have to sell.”.
Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. The startup has raised $110 million in a growth funding round led by U.K.-based based Lightrock and Silver Lake Waterman, bringing its valuation to over $1.5
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