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In the last few months, we’ve seen an explosion in funding for consumer banking startups in Latin America, all eager to reinvent traditional banking in the region. Today, Chile-based Kredito announced a $4 million pre-seed round. However, the business banking space seems like it’s also undergoing some changes.
The Mountain View corporation will work together with the Chilean infrastructure fund Desarrollo País of Chile, the Office of Posts and Telecommunications of French Polynesia (OPT) and other partners to link Australia and Chile. Read Entire Article
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.
NotCo , a food technology company making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 This funding round follows an undisclosed investment in June from Shake Shack founder Danny Meyer through his firm EHI. Brazil, Argentina, Chile and Colombia.
Ushahidi, an open source project originally deployed in Kenya to report post-election violence has since been downloaded and deployed for many other events and disasters, including Haiti, Chile, and Japan. Philanthropy has been able to move into the real time web, too. Another great example is Epic Change. We can’t only invest in a product.
The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.
Brazil and Mexico continue to lead as regions where many startups are getting funding, but as LAVCA’s statistics show, some of that investor love is being spread around to other countries like Colombia, Argentina and Chile. We were not the biggest or the most seasoned fund, but were emerging managers.
Chile-based Xepelin aims to do the same with business-to-business payments via a SaaS payments infrastructure that includes financial information in real time, embedded financial services and data models, all to be a company’s “digital CFO” of sorts. We also want to win Mexico.”. Latin America’s second wave of digital transformation.
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. We are receiving significant inbound for a Series B already,” he said.
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.
The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. To do this, the company announced Tuesday $20 million in Series A funding co-led by Base10 Partners, Cometa, and 645 Ventures.
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.
Yummy, a Venezuela-based delivery app on a mission to create the super app for the country, announced Friday it raised $4 million in funding to expand its dark store delivery operations across Latin America. The total investment includes pre-seeding capital raised in 2020.
The investors raised $40 million for their first fund after starting the firm in 2018 and have now closed on $100 million in capital commitments for MAYA’s second fund. With their first fund, they backed over 29 companies in 12 sectors across Brazil, Mexico, Colombia and Chile. Women make up just 2.4%
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.
After experimenting with the app with a sample of 700 people, Campos was even more encouraged and raised an angel round of funding for Yana , the startup behind her app. million in funding led by Mexico’s ALLVP, which has also invested in the likes of Cornershop, Flink and Nuvocargo. Yana is an acronym for “You Are Not Alone.”)
It’s hard to get the exact data on how many startup acceleration programs are being launched every year, but it’s definitely a lot. If you search Google News for something like “new startup accelerator,” it will return hundreds of headlines from all over the world.
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.
Friends Alvaro Silberstein and Camilo Navarro came up with the idea for the Wheel the World travel booking site following a 2016 trip to Torres del Paine National Park in Chile. Silberstein and Navarro plan to use the new funding to build out Wheel the World’s software, make additional hires and add travel listings to the platform.
99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. That interest didn’t happen before,” he added. “It
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. DeltaX’s seed round was backed by several funds from the U.S. .” Why Latin America’s freight-forwarding opportunity is still attracting capital.
Luxembourg, Hong Kong, Singapore and Chile. Fund managers can leverage ESG-related data to generate insights. The blockchain-enabled reporting tool also generates reports, giving companies the ability to demonstrate their ESG creds. It is currently raising venture backing largely from strategic corporate investors.
Cornershop, which is headquartered in Chile, was founded in 2015 by Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas. The company expanded its operations to eight countries up and down the Americas, including Chile, Mexico, Brazil, Colombia, Costa Rica, Peru, the U.S. and Canada. The company raised $31.7
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.
Argentina-based clicOH is the latest shipping technology company attracting venture capital funding, raising $25 million in Series A funding in a round led by Tiger Global. Joining them is JAM Fund and existing investors Flexport, FundersClub and Vast VC. A year ago, the company had 40 employees, and that has now grown to 175.
Anthos Capital led the latest round, with additional participation from JAM Fund, whose founder Justin Mateen was an investor in the seed round. The company launched this month in Peru and Chile. Yummy was started by Vicente Zavarce in 2020 and has amassed over 200,000 registered users so far.
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. The latest funding will enable the company to expand into Argentina and the United States. billion in 2023.
Garcia sees three different waves in this market: the first one being traditional supermarkets, where you can spend hours, which led to the second wave of food delivery companies, including some big players in the region — for example Rappi in Colombia, which in July raised $500 million in Series F funding at a $5.25
As a longtime real estate developer based in Chile, Benjamin Labra was able to spot gaps in the buying and renting markets in Latin America. While QuintoAndar dominates the Brazilian market, Houm operates in Chile, Mexico and Colombia, and aims to capture the rest of Spanish-speaking LatAm.
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
How to win consulting, board and deal roles with PE and VC funds. We propose that governments should systematically support funding for their diaspora founders, not just founders locally. There are three main players in any tech ecosystem: The first are founders who want to build companies and need funding.
With this new funding, the company aims to invest in technology development, build operations in Brazil and Chile and launch some embedded finance products and services. 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.”.
The list includes Chile, Colombia, Peru, Brazil, Australia, Canada, the U.S., The funds will go toward expanding the 50-person company’s sales and marketing team — both of which have been fairly small portions of the company’s overall headcount. Indonesia, China, Philippines, Thailand and Japan. Skycatch Raises $13.2M
billion of that capital has been allocated across more than 80 investments, according to Juan Franck, managing partner of the SoftBank Latin America Funds. We continue to be extremely excited about the opportunities in LatAm,” said Alex Szapiro, managing partner of the funds, in an interview. “It And last year, Latitud raised $11.5
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.
2024 YR4 was discovered on December 27 of last year by the Asteroid Terrestrial-impact Last Alert System (ATLAS) a NASA-funded asteroid detection program with telescopes around the world at its station in Chile.
The startup has raised $110 million in a growth funding round led by U.K.-based Outside of Brazil, it has operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic. based Lightrock and Silver Lake Waterman, bringing its valuation to over $1.5
To make the school more affordable, Henry looks to take on the same strategy used by Lambda School, a YC-graduate that has raised over $122 million in known funding: income-share agreements. Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina.
Mobile Fundraising Campaigns Begin For Chile: "Following the earthquake in Haiti, mobile fundraising via texting exploded; with over $40 million raised via text messaging alone. With the massive success of the Haiti campaign, mobile donations are now being used to raise funds for the victims of the 8.8
Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia and Chile. What we’re building is like a gigantic pillar, not only for us, but for other companies that are building on top of us.”.
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.
Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. ThornTree Capital and returning backers Kaszek, Qualcomm Ventures and others also put money in the round, which brings Nuvemshop’s total funding raised since its 2011 inception to nearly $130 million.
While the pace of funding these days is unlike most of us have ever seen before, it’s pretty remarkable that Jeeves essentially signed the term sheet for its Series B just two months after closing on its Series A. and The Chainsmokers’ Mantis Venture Capital. Mexico is its largest market.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. For its part, SoftBank Latin America Fund described Mercado Bitcoin as a “regional leader in the crypto space” that is “ tapping into a huge local and regional addressable market.”.
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