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operations for Brazil-based Movile , a mobile platform for content and commerce. This is a step forward for the Good Law—which has already helped Brazil a lot—but private business and government need to start doing more to truly help launch Brazil’s mobile potential. Eduardo Henrique is the head of U.S.
As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. of businesses are micro-enterprises But although small businesses are generally considered to be the primary driver of new job growth, few have the technical capability to spin up decent branding and an online presence.
InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. InstaCarro plans to use its new capital in part to capitalize on the shift and “aggressively” expand its reach within Brazil. The pandemic forced us to reinvent our business model.
million in a funding round led by Brazilian venture capital firm Canary. Bolivia and Brazil, Flourish has developed a solution that features three main modules: . Flourish began by testing end-user mechanics with organizations such as CommonWealth and Opportunity Fund. Mexico and Brazil. based startups. In the U.S.,
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.
billion in new capital in what appears to be a close of its seventh fund, according to a filing with the U.S. The new fund, dubbed Ribbit Capital VII LP, is believed to be the final close of the fund. It is also more than double the $420 million it raised in its sixth fund in January of 2020.
Clubbi , a Brazilian business-to-business resource for small food retailers, brought in $4.5 million in seed funding to expand across the country. He saw how fragmented and analog the commerce business was, resulting in difficulty reaching a large retail base.
In an interview, the startup described Brazil as a hostile market for payments, with a quarter of transactions failing and merchants paying a multiple of what they pay in other markets to process payments. Other investors in the round included Verve Capital and Norte Ventures , among others.
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.
The investors raised $40 million for their first fund after starting the firm in 2018 and have now closed on $100 million in capital commitments for MAYA’s second fund. With their first fund, they backed over 29 companies in 12 sectors across Brazil, Mexico, Colombia and Chile. Women make up just 2.4%
Pipo Saude , a startup that developed a platform that sells and manages healthcare benefits for Brazilian companies, has raised $20 million in a Series A round of funding. Nubank co-founder and CEO David Velez and Cedar co-founder and CEO Florian Otto (and former CEO of Groupon in Brazil) also joined in the round. Pipo Saude raises $4.6
Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,
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.
Alex Tabor, Paul Ascher and Juan Pascual met each other on the engineering team of Peixe Urbano, a company Tabor co-founded and he referred to as a “Groupon for Brazil.” In Brazil alone, e-commerce sales grew 73.88% in 2020, but Toledo said there was much room for improvement.
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. Kavak recently soft-launched in Brazil, and this new round of funding will be used to build out the Brazilian market and beyond, said Carlos García Ottati, Kavak’s CEO and co-founder.
It would appear that OpenAI’s Chat GPT allying with Bing will not be the only threat to Google’s search business model in the future. With its release of WhatsApp Business app (WAB), Meta is effectively building a sort of rival search engine to Google to keep us all inside the app. While this may not trouble U.S. per month).
It also comes a day after fellow LatAm e-commerce aggregator Quinio announced $20 million in initial funding to acquire some 30 companies. The investment follows a $225 million Series B investment , announced in September, that put the Mexico- and Brazil based-company at an $850 million valuation.
Over the last five years, Brazil has witnessed a startup boom. Many people are unaware that Brazil has the largest Black population in any country outside of Africa. As with counterparts in the United States, Brazil’s Black founders have less access to capital. Like counterparts in the U.S.
million seed round led by Passion Capital, with plans to expand in South America, where it recently launched in Brazil. Warren’s seed funding also included participation from Lemonade Stand and angel investors like former Nokia vice president Paul Melin and Marek Kiisa, co-founder of funds Superangel and NordicNinja.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. Eventually, it also wants to expand further in Brazil.
Cayena founders Gabriel Sendacz, Pedro Carvalho and Raymond Shayo believe injecting technology into procurement will make the process much simpler for food preparation facilities, like restaurants, bars, bakeries, hotels and dark kitchens, in their home country of Brazil and across the region. Image Credits: Cayena.
Buying and selling residential real estate is a complex business, no matter where you live. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. This morning, digital real estate platform Loft announced it has closed on $425 million in Series D funding led by New York-based D1 Capital Partners.
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. There’s so much to build for so many people and businesses.
Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.
Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. ” The $90 million funding raised is a combination of debt and equity, $45 million each. Brazil, Pakistan, and the Philippines. ” More than 1.5
Childhood friends David Grandes and Andres Andrade, both originally from Ecuador, started Mimic in 2018 in Brazil as a dark kitchen-as-a-service, specializing in producing food at scale with online channel sales. The funding enables us to round out our product and our teams. We are also moving to be an embedded finance company.”.
million in seed funding backed by a group including American Designer and Rachel Zoe, who is both an investor and advisor to the New York-based company. The foundation of our business is to help retail stores and brands join the e-commerce wave that is happening,” The List founder and CEO Andreas Skorski told TechCrunch. “We
GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million. The company is also examining the possibility of expanding outside of Brazil to all of Latin America. . Its investors are, naturally, bullish. ”
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.
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. billion in 2023. “In
Treinta , a startup that is part of the Winter 2021 Y Combinator cohort , announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses. Lockdown in Colombia forced many small businesses online in a hurry.
The round was co-led by Brazil-based Echo Capital and Oria Capital , with participation from TPG Capital , Argonautic Ventures , and others. According to the company, it has raised R$360 million in equity funding to date. In contrast, it is currently present on 1,500 building sites across Brazil. C commitment.
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
Tiger Global, Spruce House, D1, SEA, Founders Fund, Ribbit Capital, SoftBank and others also participated in the latest financing. Clearly, the company’s business model seems to be working. The startup currently has 40 logistic and reconditioning hubs in Mexico, Brazil and Argentina. billion since its 2016 inception.
Keeping a small sales business afloat in Latin America can involve long bus trips to find new products, lack of working capital and payment difficulties. We saw a huge opportunity to help people make a great business,” Ballardie told TechCrunch. ZAX’s addressable market for B2B transactions, just in Brazil, is estimated to be BRL 2.4
billion in capital, with investors such as Sequoia Capital, Tencent, Ribbit Capital, Kaszek, QED Investors and others, At that time, Nu had 40 million users across Brazil, Mexico and Colombia. Earlier this month, Business Insider reported that Nubank had turned its first-ever half-year profit in its home market. We’ll know soon enough.
Divibank , a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). São Paulo-based Divibank was founded in March 2020, right as the COVID-pandemic was starting.
The most innovative companies in agriculture for 2025 include forward-thinking businesses and nonprofits with at least one eye firmly on this future. ZFP argues that because surveys show that consumers are eager to fund sustainable solutions, shifting the burden and scaling the 1% program through collective action is the answer.
Nearly exactly one month ago, digital real estate platform Loft announced it had closed on $425 million in Series D funding led by New York-based D1 Capital Partners. Now, today, São Paulo-based Loft has announced an extension to that round with the closing of $100 million in additional funding that values the company at $2.9
The financing marks the company’s first ever institutional funding. 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. Endeavor Catalyst also participated in the financing.
Mara, a São Paulo-based startup that aims to “reinvent” the grocery shopping experience for the underserved in Latin America, has raised $6 million in a funding round co-led by Canary and Caffeinated Capital. And third, its business model of going offline to acquire a customer is also unique and compelling. Image Credits: Mara. “It’s
Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. Luxor Capital led its $41 million Series B round, which also counted Founders Fund and several other previous investors as backers. That investment values the startup at $850 million.
Cora , a São Paulo-based technology-enabled lender to small-and-medium-sized businesses, has raised $26.7 Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team. Last year, Cora got its license approved from the Central Bank of Brazil, making it a 403 bank.
Something strange is afoot in Brazil, and it promises great changes for how merchants get paid. But first, some background: Unlike in the rest of the world, when a credit card is used for payment in Brazil, the merchant does not receive the funds owed to them all at once.
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