This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Less than three months after announcing a $300 million Series E , Brazilian proptech QuintoAndar has raised an additional $120 million. billion, up from $4 billion at the time of its last raise in late May. With the extension, the startup has now raised more than $700 million since its 2013 inception.
And now the Brazilian regtech has raised $38 million in a Series C round led by Endurance. GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million.
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%
Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom. According to data from KPMG , Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion raised by Brazilian startups. The IPO market in Brazil is changing, data indicates.
The following case study from Brazil reveals how the social sector responded and adapted to the challenges and opportunities created by COVID-19. . Brazil’s culture of giving and philanthropy has been growing since the 1980s. Innovative technologies helped mobilize fundraising campaigns and increase donations to support these efforts.
Berkeley-based fintech Flourish has raised $1.5 Bolivia and Brazil, Flourish has developed a solution that features three main modules: . In 2019, it released a B2C version of the Flourish app (c alled the Flourish Savings App) as a pilot for its banking platform, which can integrate with banks through an SDK or an API.
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. We were planning on starting to raise money right about now. Image Credits: OctoML.
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. This latest financing brings Loft’s total funding raised to an impressive $700 million.
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.
The company has now raised some $150 million and while it’s not disclosing valuation, CEO and co-founder Micha? Brainly, a crowdsourced homework helper for students, raises $30M to expand in the US. That C round was raised specifically to help Brainly grow in the U.S.
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.
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.
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-funded platforms, his team sees an opportunity to break out by focusing on business-to-business events.
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
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. 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.”
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 ). First Boulevard raises $5M for its digital bank aimed at Black America.
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.
billion monthly active users of which 65% access the site daily and spend an average of 40 minutes per day on the platform. 35% of nonprofits raised more money than they expected while 23% raised less. 32% raised what they expected.[ 33% raised what they expected.[ Facebook Facebook has 3.05 Similarweb ] 61.7%
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. The round is nearly double that of what Petlove has raised in its history.
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 For one, it comes just four months after the startup raised $62 million in a Series B round. The news caught our attention for several reasons. Image Credits: Bitso.
And today, one such company, Play2Pay , has raised $13 million in a Series A round of funding. Play2Pay was bootstrapped for the first five years of its life, raising its first external capital in June of 2020 — a $7.5 TIM in Brazil, lndosat Ooredoo in Indonesia and U.K. TIM in Brazil, lndosat Ooredoo in Indonesia and U.K.-based
Based in San Francisco and Ho Chi Minh City, ELSA announced today it has raised a $15 million Series B, led by VI (Vietnam Investments) Group and SIG. ELSA is also working with language schools in Vietnam like IMAP and Speak Up, online learning platform YOLA and corporate clients including Kimberly Clark, Intel and ATAD.
You don’t hang out and spend meaningful time there,” said Alex Taub, co-founder and CEO of Upstream , a new professional networking platform that just closed a $2.75 million seed round, bringing their total raised to $3.25 “You don’t go to LinkedIn to meet people. The week before, the guest speaker was U.S.
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. Image Credits: Digital House.
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. SoftBank pours up to $150M into GBM, a Mexico City-based investment platform.
Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil. Maciel said the fund’s raise was “significantly oversubscribed with firm commitments” and believed to be “ among the best capital raises for a first-time fund in its asset class in Latin America.”
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 think the company is poised to build the region’s #1 HR technology platform.”.
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 In 2019, Pipefy raised $45 million from Insight Partners, Openview and Trinity Ventures.
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.
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 Some context.
Divibank , a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 The company has built a data-driven financing platform aimed at giving businesses access to non-dilutive capital to finance their growth via revenue-share financing. Clearbanc rebrands its way into a unicorn. “We
InstaCarro , a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. With the latest round, São Paulo-based InstaCarro has now raised more than $56 million since its 2015 inception. Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.
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.
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.
In the latest development, an Opendoor-style startup called Casavo , out of Italy, is announcing that it has raised €400 million (about $410 million currently). Platforms like Casavo’s found a lot of traction for making it easier both to buy and sell in the pandemic climate, he added. As with the pandemic in the U.S.,
Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. For now, the three-month-old company is in its infancy — the pre-product phase, which makes it even more notable that the company managed to raise such a large seed round.
After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business. and managing director at Qualcomm Ventures Latin America.
Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. For one, the valuation – high by any standards but especially for a LatAm company – represents an increase of four times from when QuintoAndar raised a $250 million Series D in September 2019.
In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital. Addi is currently available for e-commerce, mobile and brick-and-mortar purchases in Brazil and Colombia, with plans to expand across Latin America in the coming years.
Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. The round comes less than a year after Melonn raised a pre-seed round from NFX. So, just how does it work?
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. And the startup of the week is….
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. Meanwhile, Grandes says there are 1 million restaurants in Brazil, which presents a big opportunity to go downstream.
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.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content