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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. is the increasing focus on software as a service and broader digital transformations across industry sectors, which have accelerated due to the COVID-19 pandemic. The cost of higher education in Mexico is far less than in the U.S.,
The two founders of Parrot Software , Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. In the 11 years since, both have pursued successful careers in the tech industry and became family (they’re brothers-in-law). market certainly believe in the potential opportunity for a business like Toast.
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 Co-founded in 2019 by a trio of former insurance industry executives, Super.mx’s self-proclaimed mission is to design insurance for “the emerging Latin American middle class,” according to CEO Sebastian Villarreal. million in a Series A round led by ALLVP.
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.”
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. Nowports raises $5.3
Prior to Aplazo, Peña lived in New York and worked at Morgan Stanley investing in credit in Mexico, while Wieland had been launching businesses across Latin America after spending time at companies like Uber and Lime. However, credit penetration in Mexico is low, less than 10% , due to lack of trust in the banking system, he added.
The most innovative companies in agriculture for 2025 include forward-thinking businesses and nonprofits with at least one eye firmly on this future. Meanwhile, beverage giant Diageo expanded regenerative farming in Ireland for Guinnesss barley, Scotland for whisky grains, and Mexico for the agave used to produce its tequilas.
We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. Even the giants in the industry aren’t immune. That’s why the whole industry has become more rational.
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. It was depressing to hear all of the ‘nos.’
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.
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.
With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. Valued at $10B, Nubank launches it’s Nu credit card in Mexico.
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. Meanwhile, Miferia is still in its early stages.
. — Latin America, they believe, has historically been ripe for disruption, especially in the fintech and proptech sectors, due to the significant underbanked and unbanked population in the region and the relatively unstructured real estate industry. One Mexico-based VC even declared that the story was about “talent, not capital.”
Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to the Latin American consumer. Tech in Mexico: A confluence of Latin America, the US and Asia. The company says its model differs from that of its U.S.-based
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.,
Arrenda , a Mexico City-based fintech company, is offering digital financial services to the real estate market of Latin America and closed on $26.5 Joe Merullo, founder and CEO, grew up in Boston and started his first business in real estate at 19 years old. Merullo believes this is a unique company within Mexico, which has 5.5
She spent four years at the company in a variety of roles, launching grocery for the company and serving as head of business development of Rappi Pay. There are more than 700,000 beauty salons in Latin America, and the industry supply chain hasn’t changed for over 40 years,” she said. The demand is there, in her view.
FreshBooks has built a cloud-based accounting software platform designed to make things like invoicing, expenses, payments, payroll and financial reporting easier for small business owners and self-employed people (and their clients). The funding comes as an injection of confidence in our mission to digitally enable small businesses.”
The Mexico City-based company emerges with new funding, $3.9 We wanted to make the shrimp business more sustainable and more efficient without destroying the environment,” Russek said. “We The company grew its Mexican business 5x between 2020 and 2021. million in Series A dollars, and a new U.S. headquarters in Indianapolis.
Fintual is an automated passive investment platform that allows the average person in Chile or Mexico to invest in mutual funds containing ETFs (Exchange Traded Funds), investment vehicles that aren’t as well known, or as readily accessible in Latin America. Assets Under Management (USD)*. Annual Growth. May 2018. 1.2
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. Similarly, most businesses are underserved by modern software solutions,” Nyatta explained.
Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. How COVID-19 accelerated DoorDash’s business. They had to adapt quickly to survive.
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. .
Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. Gokul Rajaram and Anatol von Hahn are investing as business angels as well. As most people still rely heavily on cash in Mexico, creating a challenger bank represents a good opportunity.
Silicon Valley is made up of solely one industry: technology, whereas countries in emerging markets have existing industries, around which entrepreneurs are innovating. In Africa in particular governments are very involved in promoting technology and see it as a future industry that will kick start the economy.
billion in capital, with investors such as Sequoia Capital, Tencent, Ribbit Capital, Kaszek, QED Investors and others, At that time, Nu had 40 million users across Brazil, Mexico and Colombia. Earlier this month, Business Insider reported that Nubank had turned its first-ever half-year profit in its home market. We’ll know soon enough.
When the firm heard that the other Tuna co-founders were starting a business that was applying some of the optimization methods they had created at Peixe Urbano, but for every company, they saw it as an opportunity to get involved. He has identified Mexico, Colombia and Argentina as potential new markets.
In the past year, more than 100,000 women in Colombia and Mexico have sold over 2 million orders and earned millions of dollars on the platform. That model enabled the company to scale across Colombia and Mexico and deliver to 600 towns, including rural areas where that had not been previously accomplished.
In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. SoftBank pours up to $150M into GBM, a Mexico City-based investment platform.
While Fractional certainly alleviates some of the financial hurdles of real estate ownership, friends may stray away from getting into business with each other due to the sheer pressure it can put on a relationship. So, Han and Treviño pooled together cash and bought a plot of land in Mexico to more closely understand the process.
The forum connects smaller businesses to factories, supply chain experts, designers, engineers, etc. The company says the pandemic has actually been something of a boon for its business model, as hardware startups are looking toward a more online model — and something a bit closer to home than the traditional sales channels.
But while the industry hails the rise of the region’s ecosystem and its growing fleet of unicorns , Latin America’s startup story has a far longer past. In fact, the evolution of business shares far more similarities across countries than we might expect. For good reason, too: Startups have raised $9.3 investors remain shy.
Muchnick plans to allocate some of the new funding to establish markets in Mexico and Canada and add market share in the U.S. He expects to have 50% of its business coming from the U.S. 4 sustainable industries where founders and VCs can see green by going green. over the next three years.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
While it had seemed to start last year in a bit of a correction, demand for it during the pandemic (and its widespread designation as an essential business), created a breakthrough for the industry. Despite remaining headwinds, the future is looking up for most cannabis businesses, according to these investors.
Opening Comments from Bill Russo: In early 2009, shortly after resigning from my position as head of Chryslers business in North East Asia, I founded an Asia-based consultancy called Synergistics Limited. Note:The article was first published on Automobility Ltd written by Bill Russo , Benjamin Fan , and Lorenzo Song.
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.
The firm is industry agnostic, with Kazah saying it considers “any industry where technology is playing a transformational role.”. It has people on the ground in its home base of Brazil as well as Mexico, the United States, Argentina and Uruguay. .
MARZ plans to use the funding to grow its core VFX business and accelerate the development of its ‘AI for VFX’ technology solutions. The investment was led by Round13 Captial with participation from Rhino Ventures and Harlo Equity Partners. ” Bronfman wrote.
“There has been a lot of fanfare around the potential of teleoperated e-scooters, but this partnership marks a turning point in tangible operational plans to bring them to city streets,” Ben Bear, chief business officer at Spin, said in a statement. “In So how will it work?
million Series A to strengthen its system integration with OTAs on the demand side, build a booking management system for transportation operators on the supply side and accelerate digital transformation in the pre-booking transportation industry. SmartRyde announced today it has secured a $1.6
Many businesses like Salesforce and Microsoft are funding the planting of trees in wildfire burn scars and agricultural lands. As you can probably guess from the name, the company is focused on planting trees in deserts, specifically desert shrublands in the Alamogordo region of New Mexico. In the U.S.,
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