TechCrunch

MAY 5, 2022

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.,

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TechCrunch

JUNE 30, 2022

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%

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TechCrunch

AUGUST 20, 2021

This year, QuintoAndar expanded operations into 14 new cities in Brazil. Its rental platform is live in 40 cities across Brazil, while its home-buying marketplace is live in four (São Paulo, Rio de Janeiro, Belo Horizonte and Porto Alegre) and seeing more than 10,000 sales in annualized terms. Why raise more money so soon?

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TechCrunch

APRIL 28, 2021

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 We’re more similar to The Hut Group in the EU.”.

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TechCrunch

APRIL 3, 2023

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.

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TechCrunch

JANUARY 26, 2023

Hawk AI , a German company developing anti-money laundering (AML) and tangential fraud prevention smarts for financial institutions, has raised $17 million in a Series B round of funding. payments processing company North American Bancard , and Brazil’s Banco do Brasil Americas.

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TechCrunch

JULY 28, 2021

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. Although, notably, Thrive has also put money in Nubank and Loft.). million to bring healthcare benefits management services to Brazil. Pipo Saude raises $4.6

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TechCrunch

APRIL 7, 2021

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.

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TechCrunch

JANUARY 12, 2021

Just a year later, Checkout.com added $150 million in funding at a $5.5 Checkout.com is now valued at $15 billion based on today’s funding round. And yet, the company needs a lot of money in its bank account to expand to more countries. but also in France, Brazil, Singapore, Hong Kong, etc.

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TechCrunch

JULY 8, 2021

A number of other investors also participated in the financing including Clocktower Ventures, Mantis – the VC firm owned by The Chainsmokers, Goodwater, Gaingels, Soma Capital and Rebel Fund. Z1 participated in Y Combinator’s Winter ‘21 batch earlier this year, and at the time got $125,000 in funding from the accelerator.

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TechCrunch

APRIL 22, 2021

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

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TechCrunch

MAY 27, 2021

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.

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TechCrunch

NOVEMBER 16, 2021

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.

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TechCrunch

AUGUST 30, 2021

People often ask me: How are consumers different in Brazil? VCs have more money than ever, and it’s getting increasingly expensive to invest in North America. These incoming investors must bring more than money to ensure that entrepreneurship continues to grow in a healthy manner, rather than set it off balance.

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TechCrunch

OCTOBER 26, 2021

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.

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TechCrunch

AUGUST 17, 2021

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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TechCrunch

MARCH 22, 2021

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.

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TechCrunch

MARCH 10, 2021

Global investors are not only pouring money into companies. 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. The fund’s strategy is to go after the companies that are not actively raising capital. “

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TechCrunch

JUNE 1, 2021

Unlike many other fintechs in Latam that are out to help the unbanked, Kushki works behind the scenes building the tech infrastructure that companies like Nubank use to transfer money. We realized there was a gigantic opportunity to democratize and create infrastructure to move money,” Schwarzkopf told TechCrunch.

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TechCrunch

JULY 21, 2021

Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. It plans to use the new capital mostly to continue acquiring e-commerce brands across Mexico, Brazil and Colombia as well as to do more hiring. The company says its model differs from that of its U.S.-based

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TechCrunch

FEBRUARY 24, 2021

RecargaPay , a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C. The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO. . Unlike in the U.S.

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TechCrunch

OCTOBER 6, 2021

African startups, for example, were long ignored by the global VC scene, with totals for the continent’s upstart technology companies representing a fraction of a fraction of the funds made available to other regions’ next-generation companies. The Exchange explores startups, markets and money. What is driving the money?

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TechCrunch

MAY 26, 2022

OlaClick, a young startup that is helping these restaurants sell online and collect money digitally, announced on Thursday it has received backing from scores of investors, including Gradient, Meta and Delivery Hero. Gradient Ventures, Google’s AI fund, led OlaClick’s $4.4 million seed financing round.

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TechCrunch

JUNE 2, 2021

Today, one of those startups has raised a significant round of funding to help it achieve its goals. Existing backers Edison Partners, Soros Fund Management, Greenspring Associates, Raine Ventures, Greycroft and Expansion Capital also put money in the round, which brings Yieldstreet’s total raised to $278.5

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TechCrunch

MARCH 17, 2021

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].

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TechCrunch

OCTOBER 6, 2021

million in Series A funding to continue developing its app that takes grocery orders through local social networks. The latest round gives the company about $37 million in total funding since the company was started in 2019 by Alejandro Ponce and Marina Proença. Families in Brazil spend, on average, $118 a month on food.

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TechCrunch

AUGUST 24, 2021

Last year, Cora got its license approved from the Central Bank of Brazil, making it a 403 bank. Credit limits in general increase as customers use their accounts to receive money and pay their expenses,” he said. “We For now, the company is focused on growing in Brazil, which is large and complex enough, Senra noted.

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TechCrunch

JUNE 7, 2022

The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million. Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. Europe, APAC and Brazil.

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TechCrunch

MAY 12, 2021

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

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TechCrunch

MAY 28, 2021

But in markets like Brazil, the idea is still considered relatively novel. Senior executives from Robinhood, Stripe, Wise, Carta and Capital One also put money in the round. Justos aims to improve the whole auto insurance process in Brazil by measuring the way people drive to help price their insurance policies. Here in the U.S.

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TechCrunch

SEPTEMBER 22, 2022

Julio Vasconcellos is the managing partner of Atlantico , a venture capital fund focused on Latin America. He was previously the founder of Canary and Peixe Urbano, and was Facebook’s first employee in Brazil. versus Brazil. Julio Vasconcellos. Contributor. Share on Twitter. More posts by this contributor.

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TechCrunch

DECEMBER 15, 2021

For decades, Brazil has had a huge credit problem. To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. Existing backers Raiz Investimentos, IFC and LTS also put money in the round. .

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TechCrunch

APRIL 5, 2021

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. With the checking account, customers have the ability to sending and receive money as well as pay bills digitally.

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TechCrunch

AUGUST 24, 2021

Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are pouring money into LatAm. Brazil and Mexico riding the gravy train. Interestingly, many of the region’s rounds are led by or saw participation from investors based elsewhere. Some are even seeing more opportunity than in the U.S.

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TechCrunch

MAY 19, 2022

He founded Neon specifically with the mission of decreasing inequality in Brazil, which is known for having a large gap between the wealthier members of its population and lower income residents. Conrade claims that Neon was the first digital bank in Brazil to not charge any fees — monthly or transaction, or otherwise. . “We

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TechCrunch

JUNE 30, 2022

Mottu , a São Paulo -based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. Notably, Base Partners and Crankstart — a San Francisco-based family foundation founded by Harriet Heyman and Sequoia Capital Partner Michael Moritz — co-led the equity portion of the company’s funding.

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TechCrunch

JULY 21, 2021

Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. With today’s funding round, the company plans to expand its commercial presence across Europe. At the beginning of next year, we’re going to look at Latin America and especially Brazil,” Vaccino said. In addition to the U.K.,

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