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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.
Skycatch today announced a $25 million raise, led by ADB Ventures and Wavemaker. 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.
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. The investment brings Nowports’ total raised since its 2018 inception to over $24 million. Nowports raises $5.3 The company currently has offices in Mexico, Chile, Colombia, and Uruguay.
In total, NotCo, with roots in both Chile and New York, has raised more than $350 million, founder and CEO Matias Muchnick told TechCrunch. Brazil, Argentina, Chile and Colombia. NotBurger went into Burger King restaurants in Chile 11 months ago, and now has 5% of the market there, he added. over the next three years.
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. The company declined to reveal at what valuation this latest round was raised but it is notable that its Series D is triple the size of its Series C, raised just over six months prior.
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. To date, the company has raised about $15.2 May 2021. 480.7
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.
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. With the latest round, Houm has raised a total of $45 million since its inception.
announced a $30 million raise for its commercial and open source approach to neural search, for a more early-stage example. The AutoCloud founding team. It’s worth noting that Chicago-based AutoCloud is a standard startup of the day in that it has a team in multiple locations, including Argentina and Chile.
So, Campos set out to conduct a bigger sample of experiments, and raised about $10,000 via a crowdfunding campaign. 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. Yana is an acronym for “You Are Not Alone.”)
In total over its lifetime, Xepelin has raised over $36 million in equity and $250 million in asset-backed facilities. The fintech currently has over 4,000 clients in Chile and Mexico, which currently has a growth rate “four times faster” than when Xepelin started in Chile. LatAm- and U.S.-based billion valuation.
Founded in 2007 by Perez and Oscar Garcia Mendoza , who now serves as chairman of NovoPayment’s board, NovoPayment had been bootstrapped since inception until it raised its Series A round earlier this year, the company announced today. NovoPayment’s founder and CEO Anabel Perez Image Credits: NovoPayment.
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.
. “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. The company raised $31.7 and Canada.
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. Citing Crunchbase data, Belvo believes the round represents the largest series A ever raised by a Latin American fintech. Belvo currently operates in Mexico, Colombia and Brazil. .
Their vision is to connect people who have a smartphone with ways to earn income and raise their quality of life. We first connected with the pair back in 2019 when they had raised $4.4 Zubale, founded in Mexico City by two HBS grads, just raised $4.4 million to put locals to work over their phones.
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. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle. . “We We’re more similar to The Hut Group in the EU.”.
Patjane told TechCrunch that he wasn’t immediately looking for additional capital after closing the Series B, and in fact had plans to begin raising again this year. 99 minutos, Mexico’s last mile delivery startup, raises a $40M Series B. That interest didn’t happen before,” he added. Revenue grew three times year over year.
Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million. Europe, APAC and Brazil.
At the time, the company touted it as “the largest Series B round ever raised in Latin America.”. In total, the company has raised $445 million, of which $345 million is equity and $100 million is debt. Today, Merama has more than 180 employees and a portfolio of 20 brands across Mexico, Brazil, Chile, Colombia and Peru.
Most recently, SoftBank put money in a funding round raised by Rankmi in Chile. In Latin America, where founders seek relationships just as much as they do capital, SoftBank hopes to capitalize on having an investment team that hails from the very regions in which it’s seeking to invest. And last year, Latitud raised $11.5
A: Have you raised money? 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. The default route is to raise money, and go big or go home. A: What are you working on? B: I’m working on a SaaS tool that foos bars. A: Oh cool, where are you guys based?
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.
They also recently brought on Jose Jorge Molina, who was previously chief marketing officer for Bitso, to join the founding team to lead marketing. Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation. We recently saw Sleek raise $1.7 We recently saw Sleek raise $1.7
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. We plan to double our team by next year and expand more in Mexico and Colombia.”. The funding announcement includes $600,000 from a pre-seed tranche.
Fund II will explore options to raise additional capital,” SoftBank said in a statement. It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. Managing Partners Shu Nyatta and Paulo Passoni run the region’s investment team.
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. It also invested in Brazilian social grocery commerce company Favo , which raised a $26.5
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. New York-based SailPlay had raised $3.3 “We were impressed with the company’s results given the limited amount of investment they raised. ”
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. In total, the startup has raised $13 million.
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. The current students reflect the same breakdown.
Skydropx team. The company intends to expand into other countries where e-commerce is growing, including Colombia, Argentina, Chile and Peru. This new capital combines with previous raises of $7 million following Skydropx’s participation in Y Combinator in 2018.
Nuggs creator Simulate raises $50M. 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. In fact, “total U.S.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. 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. It also plans to double its team of 280 this year.
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.
T ruora , a Colombian user authentication startup, has raised $15 million in Series A funding co-led by two Silicon Valley-based venture firms. That March, it raised $3.5 The company has offices in Colombia, Mexico, Brazil, Chile, Peru and San Francisco. It was the combination of the team that was at the core,” he said. “We
We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic. Jüsto ‘s team, with CEO Ricardo Weder fourth from left. Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A. Image Credits: Jüsto. is poised to be a $187.7 billion in 2020.
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.
Today, the company has a team of more than 70 employees in Argentina, Chile, Mexico, Colombia and Brazil. Fudo is now among them, having raised $7.5 It also grew 10x to support 10,000 restaurants. It was estimated that Latin America’s foodservice sales reached $270 billion in 2021, according to Statista.
Those tests will also inform a human pilot study in Chile also scheduled for this year. Cao said the team selected Chile for human trials for three reasons: lower overall cost, an experienced review board at the Centro de la Visión in Santiago, and specifically to work with Juan Jose Mura Castro, an ophthalmologist there.
For good reason, too: Startups have raised $9.3 Investors in the Andean region cover Peru, Chile and Colombia. To create this in Latin America, foreign investors need to dedicate a team and money to their regional commitments. There has been significant hype around Latin America’s startup success. Meanwhile, U.S.
That positive cash position was valuable during the fundraising process, said Gilardini, because it allowed the team to negotiate good terms. The funds will be used to help the company and aid it in expanding out of its home country of Peru, starting with Mexico and then to markets like Colombia and Chile.
” Dias spent seven years at JP Morgan and another couple of years at Riskified before teaming up with Sorrentino to found Atman. Despite the venture slowdown, VC firms in Latin America continue to raise funds. So far, the new firm has six portfolio companies — Pipefy , Streetbeat and Aestuary in the U.S.
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.
One of its early customers is Babytuto , a parent and baby product retailer in Chile that initially worked with the company for Cyber Monday. The company raised $8 million in seed funding that values the company at a whopping $110 million.
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