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Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region , Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine unicorns along the way.
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.
E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. Joining them is JAM Fund and existing investors Flexport, FundersClub and Vast VC.
Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the Nasdaq in 2021. The financing marks a16z’s first investment in Uruguay, and one of its biggest seed rounds in Latin America.
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. 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.
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Microverse , also funded by Y Combinator, is similarly using income-sharing agreements to bring education to the masses in developing countries, including spaces in Latin America.
The funding announcement includes $600,000 from a pre-seed tranche. Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies. The new funding enables Rebill to continue expanding its presence into the rest of Latin America.
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds.
million in Series A funding. The round will be extended for up to $20 million to give Wonder Brands around $40 million in total funding, Federico Malek, co-founder of Wonder Brands told TechCrunch via email. Wonder Brands , an acquirer of e-commerce brands in Latin America, announced today the closing of $15.5
In fact, the evolution of business shares far more similarities across countries than we might expect. Big funds are now dedicating resources to exclusively targeting Latin America, from SoftBank creating a region-specific fund, to Sequoia saying it will pay more attention to the region. investors remain shy.
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Fundings across the globe. This is interesting because both Palantir and Founders Fund were co-founded by Peter Thiel.
Business is booming in Latin America: Startups raised $9.3 The growth has caught the eyes and pockets of foreign investors, too, with SoftBank announcing its Latin America Fund II, committing $3 billion to tech companies there. Investment dollars stretch far beyond business: In the United States, venture investment accounts for 0.2%
Many called us worried and scared that funding was drying up while some had boards telling them to fire people,” Requarth recalls. “I I ended up taking 150 Zoom calls in the summer of 2020 and heard countless stories of founders’ great ideas and amazing businesses. Mexico, Colombia, Nicaragua, Uruguay, Panama, Argentina and Spain. .
The structure of the business is designed to make it uncomplicated for ride-hailing drivers to finance a car, with insurance included in the transaction and a “simple” payments process. Flexible terms also take some pressure off. . “Say they get in a car accident and can’t work for 10 days, we don’t charge them for that time.”.
Astro , a startup helping companies to build and manage developer teams with talent from Latin America, today exited from stealth with $13 million in Series A funding contributed by Greycroft with participation by Obvious Ventures and other unnamed investors.
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