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Transportation startup DeltaX is accelerating its plans to digitize the trucking industry in its native Bolivia and beyond thanks to a recent $1 million seed round. Millions of tons of cargo are transported each year via the Pan-American Highway and its branches across Colombia, Ecuador, Peru, Chile, Bolivia and Paraguay.
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.
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. Businesses of means have access to bank funds, but around 95% of small and medium businesses are unattended.
Julio Vasconcellos is the managing partner of Atlantico , a venture capital fund focused on Latin America. Latin America’s digital transformation is making up for lost time. Atlantico Digital Transformation Index 2021 LatAm. Share on Twitter. More posts by this contributor. in 2021 from 2.3% in 2020 for LatAm as of August.
LatAm venture fund Kaszek Ventures led the equity portion of the financing, which also included participation from partners of DST Global and a slew of other firms and founders/angel investors. based asset managers and hedge funds — including Chilean pension funds — provided the credit facilities. “The
Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. It is currently focused on Mexico, Brazil, Argentina and Chile. Latin America’s digital transformation is making up for lost time.
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.
Across Latin America, e-commerce purchases are expected to grow by double-digits annually by 2024. The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. Anyone purchasing something online has had that one instance where the delivery method failed.
The self-proclaimed serial entrepreneur admits that his vision for digitizing retail was a decade or two early when he started his journey in the 90s. The company utilizes an inventory robot to keep tabs of what’s on shelves, creating a “digital twin” online. Luis Vera believes the third time is the charm. Image Credits: Zippedi.
Bold , a technology company working to enable financial access to electronic payments in Colombia, has raised $55 million in a Series B funding round led by Tiger Global Management. The company’s self-proclaimed mission is to promote financial inclusion by expanding the digital payments ecosystem in Colombia. .
In Treggo’s case, developing technology to make urban shipments in Argentina, Mexico and Chile easier and for merchants of any size can provide an Amazon-like service for their customers. Lonardi says the company attempted to go after funding early on but noted that the angel investor landscape was not as prevalent six years ago.
Merama , which acquires or launches Latin American digital brands, hit a $1.2 It also comes a day after fellow LatAm e-commerce aggregator Quinio announced $20 million in initial funding to acquire some 30 companies. Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab. billion in 2023.
Chile’s Buk , which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. Secondly, it makes Buk the third most valuable startup in Chile after Cornershop and NotCo. Image Credits: Buk.
Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments. Europe, APAC and Brazil.
The latest such company in Latin America is São Paulo-based Dock , which operates a full-stack payments and digital banking “platform” across the region, where demand for financial infrastructure that can help boost inclusion is massive. The startup has raised $110 million in a growth funding round led by U.K.-based
Chile-based Migrante is working to change that. Initially starting in Venezuela, now with $30 million in Series A funding and $80 million in a debt facility, it is moving into both Colombia and Mexico. They started in Chile, which is a competitive market, and are now growing in Peru and into Colombia and other parts of the region.
Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. Longer term, it is exploring the possibility of moving into other Latin American markets such as Colombia, Perú and Chile. he wrote via email.
Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. billion in 48 companies with a fair value of $6.9
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
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Then in 2020, the company issued Futecoin, the world’s first digital asset based on FIFA’s solidarity mechanism. . “We Today, Mercado Bitcoin has about 500 employees.
At the time, Zubale was slightly different, looking to connect big corporations with workers to take on tasks, like market research to earn mobile phone credits or other kinds of digital rewards. So imagine what we have achieved, and now our execution is laser focused with Brazil and Chile, which have been very huge opportunities for us.”.
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. The products are also compliant with local regulations.
Less than six months after raising $8 million in seed funding, Chilean proptech startup Houm has raised $35 million in a Series A round led by Silicon Valley venture capital firm Goodwater Capital. Houm also invests in digital marketing, in an effort to provide greater visibility and access to customers.
The digital transformation of banking and payments services is a red-hot trend that’s shown no signs of slowing down. It plans to use the new funding to gain new customers, particularly in the U.S. NovoPayment’s founder and CEO Anabel Perez Image Credits: NovoPayment.
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
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. “The digital marketing world is growing very fast and the demand for highly-skilled professionals is constantly increasing,” CEO Khlebinsky said.
Nowports , an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 To quote my colleague Anna Heim, digitizing freight forwarding is a global challenge because the sector still lacks transparency and efficiency. It has more than 500 employees.
Some of the functionalities they build enable both local and cross-border payment players in credit and debit cards, bank transfers, digital cash, mobile wallets, and other alternative payment methods. “We The company, which was founded in 2017, already has operations in Mexico, Colombia, Ecuador, Peru, and Chile.
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. Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. Demand for Nuvemshop’s offering was already heating up prior to the pandemic.
Online grocery sales are in single digits right now, but new data suggests it will top 20% by 2026 due to more consumers getting comfortable buying their groceries this way over the past two years. Image Credits: JOKR. The new round also lifts JOKR into unicorn territory with a valuation of $1.2
Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil. million in seed funding and attracting some big names in the process. The company’s first institutional round of funding was co-led by Andreessen Horowitz, Atlántico and MAYA Capital.
The company is already active in 33 countries (most recently Chile, Colombia and Romania) and has some 3 million businesses as customers. The funding is coming from Goldman Sachs, Temasek, Bain Capital Credit, Crestline and funds managed by Oaktree Capital Management.
DEUNA , a Silicon Valley-based one-click checkout commerce startup, is officially joining Latin America’s nearly $100 billion e-commerce sector with $30 million in Series A funding after largely staying under the radar since being founded in late 2020. The company raised a total of $37 million.
billion and brings the Sao Paulo-based startup’s total funding in the last 10 months to more than $620 million. ” The new capital will go toward growth in Nuvemshop’s existing markets and support expansion into new countries such as Colombia, Chile and Perú.
We last profiled SIMULATE back in 2021 when it raised $50 million in Series B funding , which valued the company at $260 million. Nowadays’ pea-based nuggets debuted in Whole Foods stores in California, and Chile-based NotCo launched its plant-based chicken sandwiches and nuggets in Burger King Chile. Among that figure, $1.4
Today, one of the companies building headless tools is announcing a round of funding as it continues to expand its business. It also turned out that e-commerce became one of the big stories out of 2020, as more consumers went to digital channels to shop at a time when they couldn’t go to stores as easily, if at all.
Belvo , a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. In May 2020, Belvo raised a $10 million seed round c o-led by Silicon Valley’s Founders Fund and Argentina’s Kaszek. Belvo currently operates in Mexico, Colombia and Brazil. .
Today, HealthAtom has close to 6,500 clients across 20 countries with main operations in Chile, Colombia and Mexico. According to a report conducted by the McKinsey Global Institute, digital adoption within healthcare systems in LatAm has catered to larger hospitals and disregarded small and medium businesses.
CEO Juan Gavito, who was previously in digital advertising, and Garay have backgrounds in private equity and venture capital, while Santiago Gavito was scaling startups. That has enabled Quinio to realize double-digit growth each month so far.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Another day, another Q2 funding report.
Earlier this week , we told you about TechSoup partner CDI Chile 's plan to restore connectivity to Chilean NGOs. Today, the telecentre is in Lota , one of the poorest cities and Chile and one of the communities hit worst by the earthquake. Tags: Community Tech Centers Digital Divide. But more donations are still necessary.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. Truora participated in Y Combinator’s Winter 2019 cohort and soon after expanded into digital identity and authentication technologies. That March, it raised $3.5
Part of the push to digitalize the bus industry is because the technology exists now. Clearly, big-name investors in the mobility are also convinced of the potential behind this underrated industry, because the startup just closed out a $20 million Series A, bringing its total funding up to $26 million.
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. The more funds contribute to GDP, the greater potential there is to fuel a new era of development, where more people have access to employment, wealth and education.
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