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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.
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. For many project teams I’ve worked with, having an endorsement actually took them further than having a chunk of change.
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.
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. We will work with very few brands over time, and only the best, and work with our entire team to scale and expand these few businesses,” Tyle told TechCrunch.
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.
One of those startups is Chilean-based Fintual, which today announced a $15 million round led by Kaszek Ventures, the largest fund in Latin America. While traditional mutual funds in Chile and Mexico charge up to 6.45% and 5% annually, Fintual charges 1% annually of assets managed. To date, the company has raised about $15.2
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.
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
Skydropx team. 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.
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. 1 super app in Venezuela and proven that the team can scale the business in a difficult territory,” Mateen said in a statement.
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.”)
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%
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
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.
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
. “That’s why we’re excited to deepen our commitment to the team at Cornershop and to support their vision as they scale globally,” he added. Cornershop, which is headquartered in Chile, was founded in 2015 by Oskar Hjertonsson, Daniel Undurraga and Juan Pablo Cuevas. and Canada. The company raised $31.7
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. With a current team of 23, it also plans to add UX experts, software engineers and product managers to keep on improving its platform. Neighbors helping neighbors.
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.
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.
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.
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 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
The Henry team. 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. Internally, Henry’s remote team is 20% women, 64% men. As edtech grows cash rich, some lessons for early stage.
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.
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.
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. In a written statement, Lauren Morton, partner at QED Investors, said, “We were immediately impressed by the vision and execution of the Zubale team.
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.
A: How can you scale the business without a team? B: I say no to any feature that would require a team to scale / support. VC fund (A, B, C…). Last year while participating Startup Chile, I got the chance to meet Kevin Koym , a serial entrepreneur running an accelerator in Austin. A: Like what? A: That’s absurd.
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.”.
The fundraise marks a personal achievement for Perez, too, as a Latina female founder with venture backing; less than 2% of venture dollars raised in 2021 went to all-female founding teams, data from Pitchbook showed. It plans to use the new funding to gain new customers, particularly in the U.S.
Having just raised $30 million in a Series C round in October and achieving profitability in 2020, the Nuvemshop team was not looking for more capital. Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. Nuvemshop’s rapid growth caught the attention of Silicon Valley-based Accel.
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.
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. Sources close to the company tell TechCrunch that Retail Rocket has $50 million set aside for acquisitions alone.
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. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America.
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.
Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did. Jüsto ‘s team, with CEO Ricardo Weder fourth from left. Image Credits: Jüsto.
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. We are thrilled to be partnering with Benjamín and the entire Houm team on their journey to increase housing accessibility across Latin America.”
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 It also marks Nowports’ third equity raise in less than one year’s time, and brings its total funding to over $240 million since its 2018 inception. It has more than 500 employees.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. It also plans to double its team of 280 this year. They applied to Y Combinator, raised a seed round and went back to Colombia to create a program and courses that launched in January 2019.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. Today, 70% of the company’s leadership team are women and 45% of its staff are women.
We last profiled SIMULATE back in 2021 when it raised $50 million in Series B funding , which valued the company at $260 million. The company now has 40 employees, a 2x year over year increase, and is currently hiring for its research team. At the time, the company’s products were in more than 5,000 stores.
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. .
In a tightening capital market in which Atman has closed on $9 million for a fund targeting $30 million, the extra enticement — atop the 80% in profits that LPs typically receive from successful outcomes — is also smart. The fund plans to invest at the pre-seed and seed stages with checks averaging from $750,000 to $1.5
Big funds are now dedicating resources to exclusively targeting Latin America, from SoftBank creating a region-specific fund, to Sequoia saying it will pay more attention to the region. Investors in the Andean region cover Peru, Chile and Colombia. However, much of this investment comes from local and regional investors.
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