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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.
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.
Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did. That further expansion is backed by a new round of funding, this time $152 million in Series B funding, again led by General Atlantic.
Zero Foodprint takes the top slot, for funding regenerative farming through a model so simple, it becomes radical: Restaurants, grocers, and food companies are asked to contribute 1% of consumer purchases to directly fund farm conversions. Read more about Zero Foodprint , honored as No.
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.
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.,
Osana Salud , which aims to transform the healthcare infrastructure in Latin America, has closed on a $20 million Series A round of funding led by General Catalyst. It also gave the industry the opportunity to show the benefits of a “virtual first” approach, he added. Why global investors are flocking to back Latin American startups.
We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. Even the giants in the industry aren’t immune. That’s why the whole industry has become more rational.
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.
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
Matheus is a hedge funds investment analyst for a major global investment manager and technology provider. Since 2007, the number of publicly listed companies in Brazil has decreased from 400 to just a little over 300. public exits per year; by 2019, even Iran had more listed companies than Brazil. Share on Twitter.
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.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin was the first crypto exchange in Brazil. billion, ranking it among the top 10 unicorns in Latin America. .
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
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.
GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million. Fintechs make up a significant portion of its client base, and in 2020, the company saw its revenue from clients in the financial industry alone climb by 588% compared to 2019.
They’re also investing in funds. Today, Volpe Capital announced the $80 million first close of its fund targeting high growth technology investments in Latin America. Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil.
Now, the rundown: Funding rounds: Maven has built a women’s health unicorn , Monte Carlo raised $60 million for data observability , and Launch House wants to scale venture community with a fresh $3 million in its accounts. After traveling overseas, we went very close to home to speak about the news industry. Well, stay tuned.
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. Just how strong of a business set has the neobanking industry managed to concoct with ample capital and plenty of time? We’ll know soon enough.
The company announced today that it has raised $10 million in seed funding from investors including Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon. ” Both Recker and Menezes have years of experience in the food industry.
But while the industry hails the rise of the region’s ecosystem and its growing fleet of unicorns , Latin America’s startup story has a far longer past. People often ask me: How are consumers different in Brazil? Every top university in Brazil has a pool of angels. For good reason, too: Startups have raised $9.3
The Earth Day-timed announcement comes as companies and consumers confront the failure of recycling programs to adequately address the problems associated with plastic waste — and broader issues around the contributions of consumer behavior and industrial production and distribution to the current climate emergency.
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. How nontechnical talent can break into deep tech.
Pipefy , a “low-code” workflow management SaaS startup, announced today that it has raised $75 million in Series C funding. SoftBank Latin America Fund led the financing with a $50 million contribution, bringing Pipefy’s total raised to $138.7 Since it originated in Brazil, it already has strong brand visibility in the country.
The energy giant Shell has joined a slew of strategic investors — including All Nippon Airways, Suncor Energy, Mitsui and British Airways — in funding LanzaJet, the company commercializing a process to convert alcohol into jet fuel. . 4 sustainable industries where founders and VCs can see green by going green.
million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). For now, Divibank is focused on Brazil, considering the country is huge and has more than 11 million SMEs “with many growth opportunities to explore,” according to Taboada. Clearbanc rebrands its way into a unicorn. “We
Regions once overlooked by the venture capital industry are racking up impressive investment totals in recent quarters. VTEX, dLocal) and in Brazil. This is also reflected in funding tallies: Per Crunchbase data , venture capital funding into the region’s unicorns reached $10 billion this year to date.
Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. It has also since completed “multiple” acquisitions of local brands operating across a variety of industries, such as beauty, fitness and home goods.
. — Latin America, they believe, has historically been ripe for disruption, especially in the fintech and proptech sectors, due to the significant underbanked and unbanked population in the region and the relatively unstructured real estate industry. Brazil and Mexico riding the gravy train. Latin America saw a total of $6.2
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. Before joining 99, Mansano was the operations manager for Uber in Brazil. This round caught my attention for a few reasons.
They’re investing directly in Israeli companies and are also investing in domestic venture capital funds. This new growing affair between Israel and China is extremely important to the Israeli technology industry, which is always seeking new markets and lacks capital. Eden was on the way to a board meeting, in Beijing. billion in 2030.
But in markets like Brazil, the idea is still considered relatively novel. We spent two months studying possible paths, talking to people and investors in the United States, Brazil and Mexico, until we came up with the idea of creating an insurance company that can modernize the sector, starting with auto insurance.”. Here in the U.S.
OctoML , a Seattle-based startup that offers a machine learning acceleration platform build on top of the open-source Apache TVM compiler framework project , today announced that it has raised a $28 million Series B funding round led by Addition. “That was a pretty strong signal for us to end up taking this [funding].
The company’s new funding round was a Series A, led by VMG Catalyst. The cannabis labor market is growing startups : TechCrunch notes in this story that there are labor platforms being built to help particular industries hire. And now the cannabis industry as well, thanks to Vangst, which just raised a $19 million Series B.
But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. With the latest raise, Pismo has now raised a total of $118 million in funding.
The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mortar stores manage their inventory, merchandising and operations. Other participants included new investors OMERS and Sony Innovation Fund by IGV.
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. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America.
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Meanwhile, Miferia is still in its early stages.
The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Silicon Valley is made up of solely one industry: technology, whereas countries in emerging markets have existing industries, around which entrepreneurs are innovating.
The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform. The three-year-old Egypt-headquartered company also has offices in Saudi Arabia and Brazil; it just recently opened one in the latter. Other participating investors include 500 Global and MSAS.
Instead, Bitso is working with Moss.Earth, a São Paulo, Brazil-based carbon offsets company, to indirectly mitigate the emissions associated with transacting bitcoin and Ethereum-based tokens via its platform. The exchange plans to do so by buying tokenized “credits from conservation projects in the Amazon Forest in Brazil.”.
Hash , a payment infrastructure fintech, announced today that it has raised $40 million in a Series C funding round co-led by QED Investors and Kaszek. Today, Hash operates only in Brazil. Hash also plans, as most startups that have raised funding, to do more hiring. Its goal is to have 190 employees by year’s end.
There is a digital bank in Brazil with a similar mission called Pride Bank ). Founded by L GBTQ+ entrepreneurs Rob Curtis (CEO), Billie Simmons, a trans woman (COO) and Paul Barnes Hoggett (CTO), Daylight is announcing today that it has secured $5 million in a seed funding round. It is expensive to be a queer person,” he said.
The restaurant industry was thrown for a loop two years ago when the pandemic kept people at home. Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil. million in seed funding and attracting some big names in the process. It also grew 10x to support 10,000 restaurants.
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