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
An Interview with Fanny Villiers , Directora General of Donadora – an official partner of the Global Trends in Giving Report ( en español ). 1) Access to the internet in Mexico has grown very rapidly over the last decade. How has this impacted individual giving to NGOs in Mexico? Donadora donors are 93% from Mexico.
BrightDrop, GM’s commercial EV delivery business unit, announced Monday plans to expand sales of its flagship electric vans to Mexico. The first two products coming to Mexico are the BrightDrop Zevo 400 and BrightDrop Zevo 600, according to the company.
Gustavo Parés is CEO of NDS Cognitive Labs , a leader in cognitive computing and AI business solutions. The global tech sector is booming, and as technologies like cloud and AI accelerate their growth, the demand for tech talent outpaces supply globally. The cost of higher education in Mexico is far less than in the U.S.,
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 million seed round, which also saw capital from 500 Startups Mexico, Village Global, Anthemis and Broadhaven Ventures, among others. for a while before deciding to move back to Mexico, which he recognized was home to an “underinsurance problem.”.
The two founders of Parrot Software , Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. The company is already live in more than 500 restaurants in Mexico and is used by chains including Cinnabon, Dairy Queen, Grupo Costeño and Grupo Pangea. Together they’ve poured $2.1 Investors in the U.S.
With travel and tourism rising across Latin America, Casai , a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. “I wanted to define a product from a consumer angle,” said Barawid. “I wanted this to exist.”
Fintech companies and other entities have moved the needle for consumer payments in Latin America, particularly during the global pandemic, prompting consumers to be more comfortable with digital payments. This is a huge market, but no one is really focused on pure business-to-business,” de Camino told TechCrunch.
Firms such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are pouring money into LatAm. One Mexico-based VC even declared that the story was about “talent, not capital.” Similarly, most businesses are underserved by modern software solutions,” Nyatta explained.
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. Existing backers QED, Next Billion Ventures, and Village Global also put more money in the company. . The financing — which included $2.5
Alice Deng and Lawrence Murata were working at artificial intelligence companies when they found inspiration from their respective family’s businesses to create Slope , which enables businesses an easy way to offer buy now, pay later services. Businesses can get approved in seconds and begin offering the installments.
Tiger Global and Coatue co-led the round, which also included participation from Paradigm, BOND & Valor Capital Group and existing backers QED, Pantera Capital and Kaszek. With investors expecting a Latin American cryptocurrency boom, Mexico’s Bitso raises $62 million. The news caught our attention for several reasons.
million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. In Mexico, companies don’t get paid on time,” Corcuera said.
Enter Nelo , a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. If we find a large global one and increase conversion for them, that is our defensibility [against competitors]. But in markets like Mexico, the percentage of cash payments for trips was very high.
The $3 million seed round was led by Tiger Global Management and included Y Combinator, Soma Capital, SV Angel and a group of angel investors, including Dropbox co-founder Arash Ferdowsi and Vercel founder Guillermo Rauch. “We We plan to double our team by next year and expand more in Mexico and Colombia.”.
SmartRyde, which currently operates its airport transfers services in 150 countries with 700 airports globally, has collaborated with approximately 650 taxi companies and more than 25 online travel agencies (OTAs) including Booking.com, Expedia, Trip.com, Indonesia’s Traveloka and Argentina’s Despegar, Kimura said.
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. On the supplier side, they can upload products, manage pricing and see what is selling and what isn’t.
Notably, the 38-year-old Silicon Valley-based venture firm is doubling down on global investing. fund at $650 million; its seventh early-stage European and Israeli fund also at $650 million and its sixth global growth stage fund at $1.75 Accel announced Tuesday the close of three new funds totaling $3.05
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. “We
Suzanne Xie is the business lead for B2B payments at Stripe and a former SaaS founder. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of their growth in 2023. In a recent Stripe survey, 63% of B2B recurring revenue businesses said they were confident of their growth in 2023.
” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.
It’s no secret that the technology for easy business-to-business payments has not yet caught up to its peer-to-peer counterparts, but Yaydoo thinks it has the answer. Joining them in the round were SoftBank’s Latin America Fund and Leap Global Partners. Today, the company announced the close of a $20.4 Image Credits: Yaydoo.
The TechSoup Global network has donated 9.7 It would be impossible to tell all those stories in one blog post, but you can find them using the TechSoup Global Local Impact Map , powered by Microsoft technology. Visit the TechSoup Global Local Impact Map and traverse the globe by clicking on any of the highlighted spots.
Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. Why global investors are flocking to back Latin American startups. In Argentina, it was granted a Mastercard and payments license.
Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. The startup’s offering was live in Mexico and Canada and today launched in Colombia, the United Kingdom and Europe as a whole. .
Startups are hard work, but the complexities of global supply chains can make running hardware companies especially difficult. Instead of existing within a codebase behind a screen, the key components of your hardware product can be scattered around the world, subject to the volatility of the global economy. Overorder critical parts.
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. Existing backers BECO Capital, Global Ventures, OTG Ventures and Endure Capital also participated in the round, along with new investor Endeavor Catalyst.
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor.
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. 99 minutos, Mexico’s last mile delivery startup, raises a $40M Series B.
Manuel Rodriguez Dao, co-founder and CEO of Mexico City-based Meru.com , and co-founder Federico Moscato, learned this the hard way when they were sourcing goods for another company and faced problems, among them getting the items that were originally offered. It also has fintech partners to assist with financing.
Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. When you’re building a business here [Latin America], you need to build several businesses because so many things are broken,” he said.
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. million deliveries a month.
Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. The Mexico City-based company already is live with over 100 merchants, including Steve Madden and Ben & Frank. Why global investors are flocking to back Latin American startups.
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.
Kueski , a Mexico City-based “buy now, pay later” and online consumer lender, announced today it has secured $202 million in equity and debt funding. He was motivated after he, his friends and family experienced difficulty in getting access “and how terrible the user experience was in accessing financial services in Mexico.”.
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. Specifically, the company says it helps Amazon sellers exit their business within 30 days and continue to scale their business “to the next level” post-acquisition.
The global pandemic threw a wrench in the plans of restaurants all over the world two years ago when diners stayed home, causing many eateries to shift their business to pickup or delivery. million, led by F Prime Capital, to continue developing ParrotConnect and expand its footprint in Mexico. million in funding.
In our experience international entrepreneurs need to work on being more confident in their pitches and succinctly communicating their idea, business model, market size and what problem they are going to solve. Startups are aiming for a global, not local market. It was surprising many startups are aiming for a global, not local market.
Tiger Global led the round and was joined by new investors, including DFJ Growth Fund, the social impact foundation, ZOMA Lab; athletes Lewis Hamilton and Roger Federer; and musician and DJ Questlove. Muchnick plans to allocate some of the new funding to establish markets in Mexico and Canada and add market share in the U.S.
Founded in July 2019, Mexico City-based Flat.mx That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande. The real estate market in Mexico is broken,” said co-founder Bernardo Cordero. Previously, Flat.mx Unlike in the U.S.,
Jamie Love of KEI took the above picture of ACB's Eric Bridges, NFB's Scott LaBarre (and his wife Anahit Galechyan) and me at the meeting: I was busy tweeting what I was hearing at my Twitter handle of @JRandomF. I was one of the co-drafters of the treaty language] The U.S.
Kavak , a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 Why global investors are flocking to back Latin American startups. This news is notable for a few reasons.
million Series A extension to continue its expansion across emerging markets; the company already has a presence in South Africa and Mexico. Since then, it expanded into Mexico City last November and has completed multiple data production projects in the city alongside Lima, Bangkok, Gauteng and Dhaka. Today, i t is announcing a $14.5
Why global investors are flocking to back Latin American startups. It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. Combined, the investment and operations teams total over 60 people who operate out of Miami, São Paulo and Mexico City. each for Kavak and VTEX; 2.6x
Digitization and globalization are giving rise to growing publishing markets that promise new business opportunities. Globalization and the digital transformation of the book industry also stand behind the recent big news in the publishing world about the mega-merger of Penguin and Random House , says Ed Nawotka.
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