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Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America. 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.
Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region , Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine unicorns along the way.
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. million in funding.
As the market swoons, venture capital firms continue to announce new funds. Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage. Last month, Alaya had the first closing of $80 million in capital commitments for its third fund.
Brazil and Mexico continue to lead as regions where many startups are getting funding, but as LAVCA’s statistics show, some of that investor love is being spread around to other countries like Colombia, Argentina and Chile. We were not the biggest or the most seasoned fund, but were emerging managers.
The funding will be deployed into areas including expanding its business in the U.S., Toward this vision, we just acquired a digital platform from Argentina to support the rural producer weather risk management and corporations risk assessment.”. Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds.
The saga began when Milei, known for his crypto-friendly stance, took to social media to promote $LIBRA, touting it as a project dedicated to encouraging the growth of the Argentine economy by funding small local businesses. His post on X acted as a catalyst, propelling the token's market capitalization to. Read Entire Article
Tiger Global, Spruce House, D1, SEA, Founders Fund, Ribbit Capital, SoftBank and others also participated in the latest financing. The startup currently has 40 logistic and reconditioning hubs in Mexico, Brazil and Argentina. billion since its 2016 inception. Why global investors are flocking to back Latin American startups.
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. It is currently focused on Mexico, Brazil, Argentina and Chile. We are receiving significant inbound for a Series B already,” he said.
Kaszek Ventures , one of Latin America’s first venture firms, has raised $975 million across two funds. Specifically, the São Paulo-based firm has closed on Kaszek Ventures VI, a $540 million early-stage fund and Kaszek Ventures Opportunity-III (KVO-III), a $435 million vehicle for later stage investments. billion in capital.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. To do this, the company announced Tuesday $20 million in Series A funding co-led by Base10 Partners, Cometa, and 645 Ventures.
Rebill , an Argentina-based startup, raised $3.6 The funding announcement includes $600,000 from a pre-seed tranche. CEO Nahuel Candia got the initial idea for Rebill in 2018 when he was consulting for an insurance company in Argentina.
Argentina-based clicOH is the latest shipping technology company attracting venture capital funding, raising $25 million in Series A funding in a round led by Tiger Global. Joining them is JAM Fund and existing investors Flexport, FundersClub and Vast VC.
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. As such, he intends to use the new funding to hire developers across Europe and in the U.S.
Hub , a productivity platform for technical pre-sales, has formally launched with $1 million in seed funding. Its developers are based in Argentina, for example. . “As CEO Freddy Mangum and CTO Karl Gainey founded Hub in 2020. Hub, he believes, can help address that challenge.
The financing marks the company’s first ever institutional funding. He returned to Argentina and explained the idea to a few of his colleagues, who also were fascinated and became his co-founders. Geopagos , a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital.
But soon the company plans to expand its platform to include a passive investing product (robo funds) and crypto. Founders Fund Partner Matias Van Thienen said his firm had been looking for an investing and savings platform in Latin America that could offer global equities with a high-quality product and a suitable regulatory approach.
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. IDC Ventures also participated in its latest funding round. In total, the startup has raised $13 million. he wrote via email.
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.
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. He is also a third-time founder with two exits (one to TripAdvisor) and former CEO of Naranja X, Argentina’s largest neobank, with millions of customers. Next, the caliber of Pomelo’s investors.
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. Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. Nuvemshop currently operates in Mexico, Brazil and Argentina.
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. Why global investors are flocking to back Latin American startups.
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.
Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. billion in 48 companies with a fair value of $6.9
Indeed, Argentina is a good example of a country where alternatives to fiat currency are looking more attractive, as buying U.S. But after Argentina’s economy minister abruptly resigned earlier this month, the informal “blue dollar” exchange rate reached a record 273 Argentine pesos for 1 dollar.
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.
SoftBank Latin America Fund and affiliates of China-based Tencent co-led the round, which included participation from a slew of existing backers, including funds managed by Soros Fund Management LLC, funds managed by affiliates of Goldman Sachs Asset Management, Ribbit Capital, Greyhound Capital, Monashees and Endeavor Catalyst.
billion and brings the Sao Paulo-based startup’s total funding in the last 10 months to more than $620 million. The company currently has more than 600 employees and offices in Brazil, Mexico and Argentina. The financing values Nuvemshop – which some say is Latin America’s answer to Shopify – at $3.1
The startup has signed contracts with governments of Sweden, Argentina and Basque, TechCrunch reported earlier. The startup will deploy the funds to “expand its global footprint of Solid deployments in both the government sector and the commercial sector,” said Hartwell. Inrupt’s customers include governments and enterprises.
To meet demand for an e-commerce industry that surpassed $200 billion in 2020 , Tuna plans to use the new funding to build out its team and grow outbound customer success and R&D, Tabor said. He has identified Mexico, Colombia and Argentina as potential new markets.
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.
The startup has raised $110 million in a growth funding round led by U.K.-based Outside of Brazil, it has operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic. based Lightrock and Silver Lake Waterman, bringing its valuation to over $1.5
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. Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina.
Well, a report released today by data research organization Briter Bridges and global inclusive tech accelerator Catalyst Fund is punching above its weight to offer a holistic representation to the darling sector of these three markets: fintech. Image Credits: Briter Bridges & Catalyst Fund. Such a task is Herculean.
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.,
To meet its $30 million goal, the group plans to submit funding proposals to several decentralized autonomous organizations (DAOs). . Both Zeoli and his co-founder, Patricio Palladino, live in their home country of Argentina, which has experienced significant volatility and devaluation of its currency, Zeoli said.
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 Secondly, the company believes the funding makes it the most valuable crypto platform in Latin America. The news caught our attention for several reasons. Image Credits: Bitso.
It also comes a day after fellow LatAm e-commerce aggregator Quinio announced $20 million in initial funding to acquire some 30 companies. Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab. The latest funding will enable the company to expand into Argentina and the United States.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. For its part, SoftBank Latin America Fund described Mercado Bitcoin as a “regional leader in the crypto space” that is “ tapping into a huge local and regional addressable market.”.
For instance, volatility is less of a deterrent to crypto adoption in countries such as Argentina, where legal tender isn’t exactly reliable. ” Argentina-based investor and author Claire Diaz-Ortiz concurred, noting that “there’s something in the water when it comes to women in web3 down here.”
In March 2019, SoftBank Group International made headlines when it announced the SoftBank Innovation Fund, which started out with a $2 billion commitment to invest in tech startups in Latin America. SoftBank changed the name of the fund to the SoftBank Latin America Fund, or LatAm Fund for short.
It’s not every day you see a Latin American startup funded by a U.S. Giraldo got the idea for the business nine years ago when he was working as a software engineer in Argentina and toured some customer service centers, where he observed a lot of disgruntled and unhappy employees. venture capital firm based in the midwest.
million in Series A funding. The round will be extended for up to $20 million to give Wonder Brands around $40 million in total funding, Federico Malek, co-founder of Wonder Brands told TechCrunch via email. Wonder Brands , an acquirer of e-commerce brands in Latin America, announced today the closing of $15.5
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. In May 2020, Belvo raised a $10 million seed round c o-led by Silicon Valley’s Founders Fund and Argentina’s Kaszek. Belvo currently operates in Mexico, Colombia and Brazil. .
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