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Foodology has been whipping up its restaurant brands in cloud and virtual kitchens in Colombia and Mexico since 2019, and with a new infusion of capital, hopes to scale that across Latin America. The Bogotá-based company closed on $15 million in Series A funding in a round led by Andreessen Horowitz and Base Partners.
La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. .
Greylock led the round and was joined by Greenoaks, Andreessen Horowitz, Monashees, Founders Fund, Tiger Global, NXTP, ONEVC, MAYA, Pear VC, Avenir Growth and A* Capital. And, after establishing a footprint in Brazil, the company is accelerating its international expansion to Mexico and Colombia later this year.
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.
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.
The company, based in Bogotá, Colombia and currently sporting a team of 13, is working to bring digital transformation to the smallest of enterprises: namely single-operator small stores. Lockdown in Colombia forced many small businesses online in a hurry. The startup is onto something. How is it managing to grow so quickly?
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.
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. The startup’s offering was live in Mexico and Canada and today launched in Colombia, the United Kingdom and Europe as a whole. .
Notably, both are based in Colombia but provide services across the Latin America region (and in the case of Ding, globally ). Department of Commerce that estimate Colombia alone to have the fifth largest e-commerce market in Latin America, which as a region is projected to reach 260.2 The company quotes figures from the U.S.
Habi , a Bogota-based proptech, has closed on $200 million in a Series C funding round co-led by Homebrew and SoftBank Latin America Fund. With this latest raise, Habi says it has become the second unicorn in Colombia and only LatAm unicorn with a female founder and CEO , according to Crunchbase. Banco Mercantil del Norte, S.A.,Institución
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%
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.
Because of the ingenuity of GFN’s corporate donors, a Colombian hunger-relief organization – Banco de Alimentos Bogotá, a member of the national food bank network system, Asocación de Bancos de Alimentos de Colombia – was able to distribute a large quantity of high-value groceries.
Tiger Global, Spruce House, D1, SEA, Founders Fund, Ribbit Capital, SoftBank and others also participated in the latest financing. “It’s wonderful bringing in new funds who had not previously invested in the region to see how LatAm looks and works,” he said. billion since its 2016 inception.
In the last six months, Treggo also started delivering in Colombia. 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. million in funding. Overall, the company is working with 378 monthly customers and delivered 1.8
And that’s just in Colombia alone, said Lafaurie. “Colombia was the most-locked-down country in the whole world. pandemic fund from Nubank. The company will soon open operations in Ecuador, which Lafaurie said was the second-largest hardware market (per capita) in Latin America.
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. .
Brynne leads the hot real estate startup out of Colombia, which reached unicorn status last year with a $200 million raise. She founded Inspired Capital in 2019 and currently manages the $500 million fund. The topic is uncertainty. Every startup faces uncertainty, and I feel Brynne’s experience will help a lot of founders.
Colombian e-commerce fulfillment startup Cubbo landed $4 million in seed funding as it launches operations in its home country this month after first going into Mexico earlier this year. In 2017, he started searching for his biological family in Colombia and reconnected with them. York’s backstory is quite interesting.
Bogota-based payments infrastructure startup Minka has secured $24 million in a funding round co-led by Tiger Global Management and Kaszek. In its home country of Colombia, the startup has already had an impact. Rozic said he was inspired to start Minka when he moved to Colombia five years ago. “I
Merqueo , which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. The financing brings the Bogota, Colombia-based startup’s total raised to $85 million since its 2017 inception. Merqueo also reached positive cash flow in Colombia, its most mature market.
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.
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
She lives in an informal settlement on the outskirts of Riohacha, in northern Colombia’s arid, wind-swept region, where thousands of other Wayuu people, native to the La Guajira region spanning Colombia and Venezuela, also reside. Colombia’s environment ministry did not respond to AP’s requests for comment.
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.
Founder and CEO Zach Oschin started the Colombia-based social commerce company in 2018 (and participated in our Latin American Startup Battlefield that year) to move the traditional independent sales process online. This gives the company more than $28 million in total funding to date.
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.
In Latin America, where being a part of a community is important, we see startups, like Trela in Brazil and Muni in Colombia, bringing people together under a common need — in Muni’s case, the purchase of everyday essentials. The latest funding gives Muni a total funding of about $27 million.
Today, the Colombia-based company announced a $3 million pre-Series A led by MatterScale Ventures and Kayyak Ventures. In addition to Colombia, the company already has operations in Mexico and plans to use part of the funding to expand further in the region as well as building out a marketing and sales team, which it hasn’t had thus far. .
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
The talks in Colombia known as COP16 yielded some significant outcomes before they broke up in November, including an agreement that requires companies that benefit from genetic resources in naturesay, by developing medicines from rainforest plantsto share the benefits. . And a big part of the talks will be about raising more money.
Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. It plans to use the new capital mostly to continue acquiring e-commerce brands across Mexico, Brazil and Colombia as well as to do more hiring. The company says its model differs from that of its U.S.-based
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
Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala , a Colombia-based company building fintech infrastructure for lending. The new funding, which closed in December, brings the company’s total funding to $6 million.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.”
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. As mentioned, the latest funding enables Migrante to launch in Colombia and Mexico and offer new products, including rent-to-own and electric vehicle financing products.
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.
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. May 2021. 480.7
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. Founded in August 2018, Truora was originally focused on background checks for gigster platforms.
s SB Opportunity Fund and Panoramic Ventures. Villadiego was born and raised in the colonial port town of Cartagena, Colombia. Villadiego said Lumu, which has 35 full-time employees, will use the funds to fuel growth in the United States. “In Miami-based cybersecurity startup Lumu today announced the closing of its $7.5
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
In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital. Today, one startup in the region, Addi , is announcing a $75 million extension to its Series B, bringing the total round size to $140 million.
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. .
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