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
Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. Zeely’s users are so far spread across the US, UK, and emerging markets such as Brazil and Mexico. It’s a great product and already has very convincing traction.”
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. Alex Vilhena says they take a 1% cut while saving teams up to 30% in processing fees and have processed over $230,000 to date.
Berkeley-based fintech Flourish has raised $1.5 Bolivia and Brazil, Flourish has developed a solution that features three main modules: . An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins).
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.”
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. QuintoAndar currently had more than 150,000 properties and $89 billion in assets under management and operates in more than 40 cities across Brazil.
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.
We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic. Jüsto ‘s team, with CEO Ricardo Weder fourth from left. Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A. Image Credits: Jüsto. is poised to be a $187.7 billion in 2020.
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. Having just raised $30 million in a Series C round in October and achieving profitability in 2020, the Nuvemshop team was not looking for more capital. billion in 2023. “In
But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. billion, a huge jump from its being just near unicorn territory in January 2020, when it raised a $175 million Series C. The region has seen explosive growth as of late , with a maturing startup scene in Brazil in particular.
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.
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. In particular, its growth in Brazil is increasing exponentially.
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.
Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. None of the financings had been previously announced and all were raised over the past 12 months. That investment values the startup at $850 million. Image Credits: Facily.
Men’s health and well-being startup Manual has raised a $30 million Series A round from U.S.-based The company has already expanded to Brazil. Manual is competing with Numan (which has raised $13 million), also from the U.K. it is competing with Ro (which has raised $876.1 Manual launched a month earlier than them).
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments.
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. Notably, U.S.-based
The company declined to break down how much equity it raised in its seed round, but including debt, Valoreo has secured $80 million since inception. 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.
Volpe also received a “large anchor investment” from its management team. Andre Maciel, Gregory Reider and Milena Oliveira are the fund’s founding partners, and are based in Sao Paulo, Brazil. So far, it’s backed Uol Edtech, a subsidiary of Grupo Uol that aims to redefine the digital learning experience in Brazil. . “We
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B. In Borzo, we find a team with a clear vision of the opportunity in the evolving on-demand delivery space.
It has raised a total of $22.85 Widen, who is Swedish, moved to Brazil about 10 years ago for personal reasons, and while there, was pitched the idea of FinanZero by Webrok Ventures, an investment company focused on bringing Nordic innovation to Brazil. . million to date.
And the company has recently raised another $45 million to consolidate its position. That’s a path that has already produced one multi-billion-dollar business in Nubank, Brazil’s wildly successful fintech company, which planted a flag for a new generation of Latin American startups.
Justos , a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 met while playing soccer on an amateur team in San Francisco. . We measure how safely people drive using the sensors on their cell phones,” Chadha told me at the time of the company’s last raise.
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 This is not just a U.S.
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. Looking ahead, the Open Co team is refreshingly transparent regarding financials.
Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. Germany and Italy, Yapily will hire new team members focused on France and Spain. 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.,
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. Brazil-based Kinea and G2D Investments also participated in this round.
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. Today the team consists of eight employees in Brazil, and that number will likely grow to more than 25 or 30 in the coming 12 months, according to Taboada.
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 three-year-old Egypt-headquartered company also has offices in Saudi Arabia and Brazil; it just recently opened one in the latter.
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
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.
On Wednesday, TechCrunch reported on Mara, a São Paulo-based startup that aims to “reinvent” the grocery shopping experience for the underserved in Latin America, and its $6 million raise. One of its co-founders is Ariel Lambrecht, who also helped start mobility startup 99, Brazil’s first unicorn.
Cora , a São Paulo-based technology-enabled lender to small-and-medium-sized businesses, has raised $26.7 Kaszek Ventures, QED Investors and Greenoaks Capital also participated in the financing, which brings the startup’s total raised to $36.7 million in a Series A round led by Silicon Valley VC firm Ribbit Capital.
Kann was inspired to start Papaya after growing up in Brazil, where a similar payment technology already exists. . Kann teamed up with computer vision scientist Jason Meltzer, who led development for the computer vision technology behind the Roomba at iRobot, to build Papaya. In this respect, the U.S.
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.
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.”.
Brazil is a country riven with economic contradictions. Financial transactions that would take days to process in the United States through ACH happen instantaneously in Brazil. According to an HBS case study , “in December 2018 the interest rate in Brazil for corporate loans was 52.3%, for consumer loans it was 120.0%
But in markets like Brazil, the idea is still considered relatively novel. And now Justos has raised about $2.8 Ultimately, the trio decided that the auto insurance market would be an ideal sector considering that in Brazil, an estimated more than 70% of cars are not insured. . Here in the U.S. Similar to Root here in the U.S.,
He hails from Brazil and is a member of the powerful industrial family that controls a major steel producer, a leading textile producer and a bank (Steinbruch said that factory14 has no connection to these, and is not an investor in the startup). Thrasio raises $100M for its Amazon roll-up play, appoints retail CFO for its next steps.
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.
million seed round, bringing their total raised to $3.25 To get a sense of the product, Upstream invited me to be the speaker at last Friday’s “Upstream Social,” where I talked about my work as a journalist and then coincidently got matched with two founders — one in Brazil and the other in Boston.
He’d brought on two co-founders, assembled ambitious engineering and operations teams, raised $2 million in seed funding from Sequoia and Kaszek, rented a tiny office in São Paulo, and was armed with a mission to deliver the kind of banking services that customers in a market as large and lucrative as Brazil’s should expect.
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. It’s teaming up with local merchants, who not only serve as a pickup point, but help provide awareness about Mara’s service. .
Creditas , the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. billion thanks to $570 million raised in outside financing over five rounds. The company’s credit portfolio has crossed 1 billion reals ($196.66
To Menon, it was a massive market severely underserved by traditional payment service providers such as Stripe who are strong domestically, but in his view, were poor at clearing international payments in growing markets like Brazil, India and Mexico. Consumers outside the U.S. Consumers outside the U.S.
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