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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.
According to the Institute of Applied Economic Research , there are 820,000 existing NGOs, also know as ONGs (organizaciónes no gubernamentales), in Brazil. What would you like the world to know about NGOs and fundraising in Brazil? But small causes here in Brazil make a very big difference in social impact.
Candid and the Center for Disaster Philanthropy (CDP) released a new report, Philanthropy and COVID-19: Examining giving in 2021 , in May 2022 that details COVID-19-related philanthropic funding in 2021. One such collaborative effort was the Health Emergency Fund – Coronavirus Brazil , promoted by IDIS, BSocial, and Movimento Bem Maior.
Brazil has seen notable acquisitions in recent years, including Twilio buying Teravoz in January 2020 , and Etsy buying Elo7 in June for more than $200 million. GetNinjas, a platform for hiring local labor for household needs like plumbing and painting, went public earlier this year on the B3 exchange, located in São Paulo.
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.
While platforms such as Wix and Squarespace have made it easier to do this, these are primarily aimed at desktop users. Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. In Mexico, for instance, 97.4%
QuintoAndar is taking its first steps out of Brazil to open a technology hub in Lisbon, Portugal aimed at attracting technology talent across the pond. The company touts itself as “the largest housing platform in Latin America,” providing selling and rental assistance, and also takes on the risk associated with monthly rental payments.
GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million. Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions.
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. Notably, U.S.-based to the U.K.,
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.,
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. São Paulo-based Loft too has seen major growth.
Other participants included returning investors Google’s AI-focused fund Gradient Ventures, SOSV and Monk’s Hill Ventures, along with Endeavor Catalyst and Globant Ventures. Its last round of funding was a $7 million Series A announced in 2019. ELSA’s English pronunciation feedback.
Digibee , a low-code integration platform, is doing what all low-code integration platforms are apparently doing right now: raising funding. The company today announced that it has raised a $25 million Series A round led by SoftBank Latin America Fund. go-to-market strategy. Don’t hate on low-code and no-code.
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]. .
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.,
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
InEvent , a startup powering virtual and hybrid events, is announcing that it has raised $2 million in seed funding from Storm Ventures. CEO Pedro Góes told me that even in a world of more established and better-fundedplatforms, his team sees an opportunity to break out by focusing on business-to-business events.
The latest such neobank to emerge is New York-based Daylight , which describes itself as the first LGBTQ+ digital banking platform in the United States. There is a digital bank in Brazil with a similar mission called Pride Bank ). Which neobanks will rise or fall? It is expensive to be a queer person,” he said. .
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. million seed round led by Passion Capital, with plans to expand in South America, where it recently launched in Brazil. It recently closed a $1.4
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.
South Korean startup Tridge wants to address the issue via its online trade platform that matches global food agriculture buyers and sellers. The platform helps from research to ordering and enables buyers to source their food and agriculture items at reasonable prices in more than 150 countries. million since its inception in 2015.
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.
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.
Today, a startup that has built a platform that helps them produce and monetize their work is announcing a big round of funding that underscores just how lucrative and big the creator economy has become. million people. 10 VCs say interactivity, regulation and independent creators will reshape digital media in 2021. million people.
The funding is being led by previous backer Learn Capital, with past investors Prosus Ventures, Runa Capital, MantaRay and General Catalyst Partners also participating. The platform is open-ended and is a little like a Quora for homework, in that people can find and answer questions they are interested in, as well as ask questions themselves.
Jio Platforms is investing $200 million in Glance, which serves media content, news and casual games on Android handsets’ lockscreen, the two said Monday, the latest in a series of bets from Mukesh Ambani’s empire as it looks to expand its offering to more than 420 million telecom subscribers it reaches in the South Asian market.
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.”.
Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced today that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital. Currently it is only available in a few cities in Brazil, such as São Paulo and Belo Horizonte. .
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.
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.” It boasts a customer list that includes the large Brazilian fashion chain Riachuelo, and its platform integrates with others including VTEX, Magento and WooCommerce.
São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. 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
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.
Which is why I’m hoping that this is the year that a back channeling social media platform actually takes off. We finally get a trustworthy platform in which back channeling can occur in an accessible and fair way. GoFundMe gets Classy (literally) with acquisition of nonprofit giving platform. million fund.
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. Among its customers are European spend-management platform Moss , U.S. product or geographical data) with dynamic data (e.g.
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.
Fintech Brex first partnered with Weav , a developer of a universal API for commerce platforms, last summer. Besides expanding its global reach, the technology that Brex is acquiring will help accelerate the fintech’s connectivity of its platform, Dubugras said. to knit together a universal API for commerce platforms.
And today, one such company, Play2Pay , has raised $13 million in a Series A round of funding. The alternative payment platform says it brokers a “value exchange” between brands and consumers, converting attention and engagement into a currency, which can be redeemed for bill payment. based Lycamobile.
This caught the attention of second-time entrepreneurs Bruno Ballardie and Fernando Zanatta, who started ZAX in 2019 to develop a platform that unites freight, delivery and payments tools to connect sellers and buyers in Brazil. ZAX’s addressable market for B2B transactions, just in Brazil, is estimated to be BRL 2.4
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. .
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
Chile’s Buk , which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. We have been able to double our size year over year [without institutional funding],” he said.
The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. The startup has raised $110 million in a growth funding round led by U.K.-based
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.
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.
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