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The Argentina-based fraud and identity protection company announced $12 million in Series B funding Monday from backers including software developer, Globant, as well as Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica. billion valuation. Globant provides software development to the likes of Google, Disney and Apple.
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. The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception. Image Credits: Digital House.
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.
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. Latin America’s digital transformation is making up for lost time.
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.
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.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Then in 2020, the company issued Futecoin, the world’s first digital asset based on FIFA’s solidarity mechanism. . “We Today, Mercado Bitcoin has about 500 employees.
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.
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.
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. .
Treggo , an Argentina-based company, is among companies like 99 Minutos , Cubbo and Cargamos tackling the last-mile deliveries. In Treggo’s case, developing technology to make urban shipments in Argentina, Mexico and Chile easier and for merchants of any size can provide an Amazon-like service for their customers.
Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. In total, the startup has raised $13 million. IDC Ventures also participated in its latest funding round.
The global growth of these digital currencies and their applications in emerging markets have savvy financial services investors like the firm QED Investors (founded by the masterminds behind Capital One) intrigued. A visual representation of digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin.
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. In short, we want to meet the Earth’s needs to overcome the climate and food crises, using cutting-edge technology.
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
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.
It has now raised $34 million. The company’s Workforce Optimization platform works as a layer on top of customer service center management tools like Zendesk and Salesforce Service Cloud, allowing management to monitor digital channels and give customer service agents feedback to help them do their jobs better.
Across Latin America, e-commerce purchases are expected to grow by double-digits annually by 2024. The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. Last-mile logistics platform Cargamos raises $11M seed round to expand same-day delivery.
We profiled the company in 2021, about seven months after the company first launched to acquire digital brands in the MercadoLibre and Amazon ecosystem. At the time, Wonder Brands raised $20 million in venture capital. In 2021, the e-commerce roll-up, or aggregator, scene was in full force.
Merama , which acquires or launches Latin American digital brands, hit a $1.2 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.
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.
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 is launching the new fund with an initial $3 billion commitment. each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x
The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. The startup has raised $110 million in a growth funding round led by U.K.-based
Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital. The pandemic accelerated the use of digital payment solutions globally, but especially in Latin America, noted Núñez Castro. The financing marks the company’s first ever institutional funding.
The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. Klarna recently raised $800 million at a $6.7
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. That said, digital growth could be threatened by slowing venture activity in the region, recent data shows. .
DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users. Fast-forward three months to today, and Datanomik, Strauss’s venture, announced it has raised a $6 million seed round led by a16z.
Business is booming in Latin America: Startups raised $9.3 With so many companies raising significant funds in a short time, competition to find a high quantity of high-quality workers is fierce. AI companies have garnered some of the most attention in Latin America this past year, raising a total $862.6
Jumo has been raising $2 million in funding from individuals and foundations. By November 2010, Jumo noted in a New York Times article that they’ve raised $3.5 Argentina, France, India, or Kenya?&# But this is an important step for the nonprofit sector and its move into the digital age. Chris Hughes.
Bloomberg Philanthropies has announced a $31 million investment in the Partnership for Healthy Cities and the addition of six cities to the initiative to create safer and healthier urban environments: Bucharest, Romania; Cairo, Egypt; Córdoba, Argentina; Dublin, Ireland; Greater Manchester, United Kingdom; and Warsaw, Poland. Read more.
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. digital shopping companies in 2021, up from $23 billion in 2020. Intuitivo, an Argentina-based AI and computer vision startup, raised $7.8 London & Partners and Dealroom.co
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. million Series A round led by Fuel Venture Capital.
RecargaPay originally had operations in various Latin American countries, such as Argentina, Chile, Colombia, Mexico, Peru and Brazil, as well as in Spain and the U.S. Teijeiro explained that RecargaPay and Nubank, LatAm’s largest digital bank, are not direct competitors, but rather operate in the same ecosystem.
Chris Hughes Jumo has been raising $2 million in funding from individuals and foundations. By November 2010, Jumo noted in a New York Times article that they’ve raised $3.5 Argentina, France, India, or Kenya?&# But this is an important step for the nonprofit sector and its move into the digital age.
The latter incident is also subject to a lawsuit by an Irish digital rights group that’s challenging the DPA’s enforcement finding that there was no security breach.) Google’s Bard AI chatbot took longer to launch in the EU than in some other regions after its lead EU privacy regulator in Ireland raised similar concerns.
The Series A is pegged for launching in the US (slated for Q1 this year) and the EU (Q2; where it’s eyeing Italy, France and Germany for starters), as well as expanding the product’s capabilities and feature-set with a focus on the buzz around Web3 and digital collectables. For now, Twig accounts are only available in the UK.
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