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Foodology has been whipping up its restaurant brands in cloud and virtual kitchens in Colombia and Mexico since 2019, and with a new infusion of capital, hopes to scale that across Latin America. The company was founded by CEO Daniela Izquierdo and Juan Guillermo Azuero, who met in a restaurant industry course at Harvard Business School.
La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. .
Its technology aims to provide an easier purchasing process for small businesses by recommending products based on actual transaction data and then also providing credit, in 30-, 60- and 90-day increments, to retailers. Next up, Salama wants to bring on a head of credit in the next six months to round out the leadership team. “At
We allow businesses to increase user acquisition, reduce onboarding dropoff, provide 360 customer support and even sell their services, with minimum tech requirements from their end,” said co-founder and Maite Muniz , who serves as the startup’s chief product officer and is a former McKinsey consultant.
By Allison Weber , founder of Allison Weber Consulting , a fundraising and communications business dedicated to helping mission-driven organizations tell better stories. While the communications team features a wide variety of content on social media, one of the messaging themes they focus on is innovative partnerships.
It’s been a very busy 18 months for SWVL leading up to this news. SWVL said that though these acquisitions have contributed to its overall growth, it will need to make reductions on roles automated by investments in its engineering and product and support functions teams. It listed at $10 per share and targeted a $1.5
Guest blog from Beatriz, one of Benetech's human rights team members in Colombia. We Colombians are a resilient breed, accustomed to waking up to all kinds of distressing news and still somehow managing to go about our daily business. But today's mood in Colombia is more somber than usual.
Access to global supply chains can be difficult for small businesses in Latin America, but companies like Meru , which raised funding in March to source and import goods between Mexico and China, and now more recently Pandas , are tapping into overseas relationships and technology to make this easier. Pandas B2B marketplace.
The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. It currently operates in more than 25 cities in Colombia, Mexico and Brazil and has over 600,000 users. Merqueo also reached positive cash flow in Colombia, its most mature market. Image Credits: Merqueo.
Treinta , a startup that is part of the Winter 2021 Y Combinator cohort , announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses. Lockdown in Colombia forced many small businesses online in a hurry.
In 2017, he started searching for his biological family in Colombia and reconnected with them. York previously worked with Gurtubay, too, in third-party logistics before transferring over the direct-to-consumer e-commerce businesses into Cubbo. York will also use the funding to round out the leadership team.
She connects people with the businesses and opportunities that expand their lives. Dear Sophie, We co-founded a startup in Colombia, and we’re thinking about opening a sales office in the U.S.! I would be moving, and my co-founder will continue to run our engineering team from Colombia. More posts by this contributor.
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.” Toledo met the Tuna team from his partner, Julio Vasconcellos, who was one of the co-founders of Peixe Urbano.
It was then that we learned about the origins of the Mexico City-based company, founded by CEO Alexis Patjane, who had been running a food truck-making business in Mexico. Meanwhile, 99minutos has 5,000 employees working from Mexico, Colombia, Chile and Peru, and Patjane aims to reach between 8,000 and 10,000 by the end of the year.
Founder and CEO Zach Oschin started the Colombia-based social commerce company in 2018 (and participated in our Latin American Startup Battlefield that year) to move the traditional independent sales process online. We are convinced that we are backing the right team in the right market and at the right time.”.
Today, Merama has more than 180 employees and a portfolio of 20 brands across Mexico, Brazil, Chile, Colombia and Peru. Merama also rounded out its executive team with the hires of former Mandae CTO Danilo Ferreira as Merama’s CTO, and former MercadoLibre director of marketplace Ignacio Nart, to be senior vice president of private label.
Today, the Colombia-based company announced a $3 million pre-Series A led by MatterScale Ventures and Kayyak Ventures. In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. .
Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies. We plan to double our team by next year and expand more in Mexico and Colombia.”. It is also integrating with customer relationship management, enterprise resource management and lending platforms.
Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala , a Colombia-based company building fintech infrastructure for lending. The company currently has 28 employees and will deploy the capital into expansion of its product, tech, customer acquisition and customer support teams.
JOKR’s team consists of people who created both foodpanda and Delivery Hero, so from the outside at least, they have the chops to build a big business. Right now it’s live in nine cities across Latin American countries Brazil, Mexico, Colombia and Peru, as well as Poland and Austria in Europe. Latin America and Europe.
It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. Managing Partners Shu Nyatta and Paulo Passoni run the region’s investment team. Operating Partner Alex Szapiro, also head of Brazil for SoftBank, leads the fund’s operations team.
They also recently brought on Jose Jorge Molina, who was previously chief marketing officer for Bitso, to join the founding team to lead marketing. People were looking for help digitizing their businesses, and as we started looking into this, realized that brands needed help selling online,” Kafati Santos told TechCrunch. “At
Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.” They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019. “In
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. Valoreo aims to help entrepreneurs who may lack the resources and access to capital to take their businesses to the next level. Tech in Mexico: A confluence of Latin America, the US and Asia.
“The only things that changed were the economics and speed of business.”. Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Specifically, it enables LatAm businesses to a ccept payments globally and receive money in their local currency.
Brazil, Argentina, Chile and Colombia. He expects to have 50% of its business coming from the U.S. Muchnick also wants to establish more patents in food science — the company already has five — and to explore a potential intelligence side of the business. We are excited to partner with Matias and his team.
PideDirecto , a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. That is when we started PideDirecto, to enable local businesses to scale their direct-to-consumer sales channels,” Fawzi said. “We
Enter Skydropx , a Mexico City-based logistics management company that enables businesses to create an end-to-end automated delivery experience for customers that includes over 250 shipping options, track notifications via WhatsApp, estimated delivery times and return management. Skydropx team.
Mentum is out to change that in Latin America, and is working on customizable investment APIs and widgets so businesses in Latin America can build and offer fully digital investment products, like local mutual funds, ETFs and stocks, to their customers. We’re excited to back Gus and his team as they usher in the next generation of banking.”.
In fact, the evolution of business shares far more similarities across countries than we might expect. This is not very different from the timeline of businesses in other markets such as the United States. Investors in the Andean region cover Peru, Chile and Colombia. Investors should look for younger markets. Meanwhile, U.S.
Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander — led the round for the Monterrey, Mexico-based startup. The company currently has offices in Mexico, Chile, Colombia, and Uruguay. The company currently has offices in Mexico, Chile, Colombia, and Uruguay.
With more people in Latin America getting used to making purchases digitally, the company has experienced a major surge in business over the past year. These businesses range from direct-to-consumer (DTC) upstarts to larger brands such as PlayMobil, Billabong and Luigi Bosca. This birthed Shopify, which today is worth $160 billion.
This opens up a new revenue stream for businesses across Latin America and represents a huge opportunity for OlaClick,” said Zachary Bratun-Glennon, partner at Gradient Ventures, in a statement. Rico said the startup will deploy the fresh funds to expand its engineering and product team and broaden the offerings to restaurant partners.
Uber CEO Dara Khosrowshahi said in a statement that the company’s grocery and new verticals business has exceeded a $3 billion annual bookings run rate for this year. “That’s why we’re excited to deepen our commitment to the team at Cornershop and to support their vision as they scale globally,” he added. and Canada.
and Colombia, including Amazon, NASCAR, Weee!, On the operations side, all of Shift One’s original team either worked for Uber or Lyft, according to founder and CEO Radisson. The early technical team were all previously Uber employees. It is “slightly” profitable and has been re-investing that money into growing the business.
In Latin America, where being a part of a community is important, we see startups, like Trela in Brazil and Muni in Colombia, bringing people together under a common need — in Muni’s case, the purchase of everyday essentials. Zapt is now Trela; aims to remove the middleman from group food shopping.
Now, dLocal and AstroPay co-founder Sergio Fogel has teamed up with AstroPay’s former head of product, Gonzalo Strauss, to launch another fintech out of Montevideo, Uruguay, called Datanomik. DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users.
He traveled for a couple of years, and learned to code, among other things, until Omar Larré, Fintual’s current CIO, presented him with the idea for the business. . The current raise will be used to grow the company’s operations in Mexico, expand to other countries — namely Colombia and Peru — and grow its tech team. .
The company, which has dual headquarters in Bogota, Colombia, and São Paulo, Brazil, declined to reveal its new valuation other than to say it is “nearly triple” what it was 90 days ago when it closed on the first tranche of its Series B, and that it is now in the “hundreds of millions” of dollars range.
So while Belvo’s goals are “similar to the overarching goal[s] of Plaid,” co-founder and co-CEO Pablo Viguera told TechCrunch that Belvo is not merely building a banking API business hoping to connect apps to financial accounts. Belvo currently operates in Mexico, Colombia and Brazil. .
Demand for crypto assets and crypto-enabled financial products have soared in popularity both for individuals and businesses in the region, according to Bitso, which aims to be “the safest, most transparent, and only regulatory compliant platform” in Latin America. In some parts of the world, crypto is associated with speculation.
The company has launched five distribution centers in three cities across Colombia and one more in Mexico City, with about 190 employees — including about 90 full-time employees and 100 contractors. It’s safe to say that over 80% of the market is made up of small and medium businesses and sellers. “E-commerce
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. The Henry team. Internally, Henry’s remote team is 20% women, 64% men. That’s where one seed-stage Buenos Aires startup wants to help.
Ortega and Núñez met at Rappi while working together in the payments team as that company was expanding to 9 different countries. Ortega built and scaled Rappi’s payments and fraud teams and capabilities while architecting the buildout of Rappi’s financial services arm, RappiBank.
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