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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. Nowports raises $5.3
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.
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. That demand has enabled clicOH to grow quickly since launching its current business model in 2020.
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.
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. For small and medium businesses in trade, this is important for companies creating a high level of job growth and lowering the poverty rate,” Shoihet told TechCrunch. “By
Rebill , an Argentina-based startup, raised $3.6 Currently, Rebill has clients in Argentina, Chile, Colombia, Mexico, Peru and Uruguay and collects payments in 15 currencies. million to continue building automated payment collection and subscription management tools for Latin America.
Kaszek Ventures , one of Latin America’s first venture firms, has raised $975 million across two funds. Since 2011, Kaszek has backed more than 120 companies, which the firm says collectively have raised more than $15.5 Image Credits: Kaszek Kaszek founded its first fund in 2011, raising $95 million, an impressive sum at that time.
Latin America’s startup scene has attracted troves of venture investment, lifting highly-valued companies such as Rappi and NuBank into behemoth businesses. Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina. Now, VCs are giving Henry some cash to do so.
At the time, Wonder Brands raised $20 million in venture capital. Few are seeing venture capital come their way in recent months, save for companies such as Una Brands and Razor , which may allude to how well Wonder Brands developed its business model. In 2021, the e-commerce roll-up, or aggregator, scene was in full force.
Oort , an identity threat detection and response platform, today announced that it raised $11.5 The proceeds, which bring Oort’s total capital raised to $15 million, will be put toward supporting its go-to-market strategy, CEO Matt Caulfield tells TechCrunch. Israel and Uruguay. . Israel and Uruguay.
For good reason, too: Startups have raised $9.3 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. There has been significant hype around Latin America’s startup success.
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. Its biggest competitor, Bolt, raised “roughly 50 times that figure,” according to The Information. .
Business is booming in Latin America: Startups raised $9.3 Investment dollars stretch far beyond business: In the United States, venture investment accounts for 0.2% Businesses that partner with schools can incubate the next talent generation. Share on Twitter.
“I ended up taking 150 Zoom calls in the summer of 2020 and heard countless stories of founders’ great ideas and amazing businesses. Today, the company — which is in the business of helping other startups get off the ground and funded in Latin American — is announcing its own funding round. And so Latitud was born.
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. Last August, TechCrunch reported on the $104 million raise of Brazilian startup Kovi, which has a similar mission to Leasy.
After its mammoth $528 million Series F raise , it acquired several of Delivery Hero’s businesses in Central and Eastern Europe for $208 million. The company also exited the Middle East and North Africa (Egypt and Turkey) and Uruguay and Puerto Rico in January 2020.
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