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Brazil’s Nuvemshop raises $500M at a $3.1B valuation months after last raise

TechCrunch

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.

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Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

TechCrunch

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.

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Pomelo raises $9M to build a payments infrastructure for LatAm fintechs

TechCrunch

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.

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Web creator Tim Berners-Lee’s startup Inrupt raises $30 million

TechCrunch

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.

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Tuna raises $3M to address complexity of e-commerce payments in Latin America

TechCrunch

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.

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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation

TechCrunch

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.

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The LatAm funding boom continues as Kaszek raises $1B across a duo of funds

TechCrunch

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.

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