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Papa , the elder tech company that offers care and companionship to seniors, today announced a $60 million Series C led by Tiger Global Management, bringing its total raised to date to $91 million. I started Papa originally to help my grandfather – who we called Papa – who came from Argentina.
Rebill , an Argentina-based startup, raised $3.6 The $3 million seed round was led by Tiger Global Management and included Y Combinator, Soma Capital, SV Angel and a group of angel investors, including Dropbox co-founder Arash Ferdowsi and Vercel founder Guillermo Rauch.
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 Tiger Global and Coatue co-led the round, which also included participation from Paradigm, BOND & Valor Capital Group and existing backers QED, Pantera Capital and Kaszek.
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.
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.
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. Inrupt’s customers include governments and enterprises.
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.
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. And Kaszek has been at the heart of it all.
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. Having just raised $30 million in a Series C round in October and achieving profitability in 2020, the Nuvemshop team was not looking for more capital.
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. The share of e-commerce in overall retail is less than 10 percent in Latin America.
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.
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. Newtopia is offering both investment and a hands-on mentorship model to guide startups through the initial stages so they can grow regionally or globally.
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.
His new venture, called Inrupt, wants to fix some of the mess many of those companies have made — and it’s in the market to raise money. Corporations want access to that consumer data without necessarily storing it, but again, there is no global open protocol for them to do so,” the investor deck reads.
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. ClicOH is among a number of startups raising funding as they develop e-commerce infrastructure to grab a piece of this burgeoning market in Latin America.
Tiger Global led the round and was joined by new investors, including DFJ Growth Fund, the social impact foundation, ZOMA Lab; athletes Lewis Hamilton and Roger Federer; and musician and DJ Questlove. In total, NotCo, with roots in both Chile and New York, has raised more than $350 million, founder and CEO Matias Muchnick told TechCrunch.
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 Why global investors are flocking to back Latin American startups. This news is notable for a few reasons.
The Argentina-based, yet fully remote, startup was founded in 2019 — just a few months before the pandemic. Quiet Capital, Preface Ventures, FJ Labs, AforeVC and K50 Ventures also put money in the latest round, which brings Osana’s total raised over its lifetime to $26.5 Lee Fixel’s Addition is also an investor.
The firm started raising two months ago and already secured $35 million in commitments and cash in hand. As the global venture capital market slows, is the US dodging the downturn? This allows Pakistani startups to scale faster throughout the country and expand into other markets.”.
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.
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. It also invested in Brazilian social grocery commerce company Favo , which raised a $26.5
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. My dream, since the beginning of Agrotools, is to change global agribusiness, bringing to it efficiency and true sustainability,” Rocha said. “In
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.
Kaszek Ventures , one of Latin America’s first venture firms, has raised $975 million across two funds. In recent years, there has been an explosion of global investor interest in Latin American startups. Since 2011, Kaszek has backed more than 120 companies, which the firm says collectively have raised more than $15.5
Fund II will explore options to raise additional capital,” SoftBank said in a statement. Why global investors are flocking to back Latin American startups. It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x
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.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. This new capital combines with previous raises of $7 million following Skydropx’s participation in Y Combinator in 2018. Last-mile logistics platform Cargamos raises $11M seed round to expand same-day delivery.
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. Fintechs have raised $23B across the regions since 2017. Indian startups raised $9.3
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. A wave of LatAm fintechs are laying down new global commerce rails. Because Vest is structured as a U.S.
Ricardo Sangion previously launched operations for Facebook and Pinterest in Latin America, before joining operator-led global investors TheVentureCity as partner for first-ticket investments in the region. For good reason, too: Startups have raised $9.3 There has been significant hype around Latin America’s startup success.
When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. That included $1 trillion flowing via e-commerce and the industry as a whole advancing five years in a matter of 12 months during the global pandemic.
That global venture capital slowed down in Q1 2022 might no longer be news to you. But global numbers can hide diverging realities around the world, and a closer look at regional data shows us that it is indeed the case. based and Asian startups did decline, in line with the global trend. Brazil: $1.5
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
Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,
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 technology automates communication between global enterprises and candidates using a conversational interface. The idea for the company came a couple of years ago when Cavasotto and Andres Arslanian, CTO, worked as volunteers for a Microcredits NGO in Argentina. This gives the company a total of $13.3
If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. The startup has raised $110 million in a growth funding round led by U.K.-based Existing backers Riverwood Capital, Viking Global Investors and Sunley House Capital also participated in the financing.
The pandemic had just started, and while quarantining, the trio found themselves in the position — separately — of advising entrepreneurs who were trying to navigate the new normal amidst an increase in interest from global investors. It also wanted to make its thesis even more compelling when it did go to raise, noted Gotthilf.
They are also closely watching developments in generative AI services — so concerns raised in the letter look broadly aligned with issues already on the radar of the bloc’s data protection authorities.
Get ready for a price hike : YouTube Premium is planning to raise prices — by $5 in some cases — for subscription plans in more countries, including the U.S., Canada and Argentina, Ivan reports. You know the drill — five more, count ’em! No, seriously, count ’em. We’re very tired today and may have miscounted.
After its mammoth $528 million Series F raise , it acquired several of Delivery Hero’s businesses in Central and Eastern Europe for $208 million. However, in markets like Africa, there are fewer concerns regarding the working conditions of riders, which undoubtedly appeals to what these global players fancy.
Vinted raises $303M for its 2nd-hand clothes marketplace, used by 45M and now valued at $4.5B. Thing is, in order for humanity to avert climate catastrophe, major reductions in global CO2 emissions are required — so, essentially, less consumption overall. It might be a different picture once we go to other markets as well.”
Some good news, too: The pear tree is fruiting : Connie reports that Silicon valley VC firm Pear is raising a $410 million fund ; this is a huge step up from its previous $50 million, $75 million, and $160 million funds. It just makes so much sense…. Cisco’s latest results indicate a reckoning may soon be at hand.
Kavita Ramdas, President and CEO, Global Fund for Women. Kavita Ramdas is the President and CEO of the nonprofit, the Global Fund for Women. I think it's worth it (: Kavita Ramdas: The Global Fund for Women is the largest independent, publicly supported grant-making foundation to advance women's human rights internationally.
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