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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.
I asked her what kind of insights could be gleaned by an anti-poverty group, say in Uruguay (to pick one country out of 50), accessing the LIS. She suggested: In Uruguay: What is the poverty rate among individuals and households (using any of a number of poverty lines – absolute or relative, national or regional)? Which are widespread?
E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years , the current consumer demands to receive orders on time and packaged correctly will only increase. Joining them is JAM Fund and existing investors Flexport, FundersClub and Vast VC.
Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the Nasdaq in 2021. The financing marks a16z’s first investment in Uruguay, and one of its biggest seed rounds in Latin America.
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. They’re focusing on all emerging markets and don’t teach to Spanish speakers,” Borchardt said. Now, VCs are giving Henry some cash to do so.
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.
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
Small and medium-sized businesses in Latin America can find it difficult to get the funds they need to export their goods to the United States. Marco was backed last September by a small seed round from Struck Capital and Antler and over $20 million in a credit facility underwritten by Arcadia Funds. There is a lot of value to tackle.
How does the Peruvian market behave compared to the United States? Latin America’s market has evolved over a very long time — as long as Silicon Valley and any other hub. Investors should look for younger markets. This is not very different from the timeline of businesses in other markets such as the United States.
Many called us worried and scared that funding was drying up while some had boards telling them to fire people,” Requarth recalls. “I Today, the company — which is in the business of helping other startups get off the ground and funded in Latin American — is announcing its own funding round. And so Latitud was born.
It claims that it offers loans that are “built around the needs” of a ride-hailing driver at competitive prices that match rental market prices. For many, it was the only way to be able to have access to the job market they wanted to pursue. It also requires a down payment of 5%, compared to the 20% to 30% required by most banks.
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.
General Atlantic led its previous round , which closed last September and made dLocal Uruguay’s first unicorn and one of Latin American’s highest-valued startups. DLocal connects global enterprise merchants with “billions” of emerging market consumers in 29 countries across Asia-Pacific, the Middle East, Latin America and Africa.
Astro , a startup helping companies to build and manage developer teams with talent from Latin America, today exited from stealth with $13 million in Series A funding contributed by Greycroft with participation by Obvious Ventures and other unnamed investors.
Allied Market Research optimistically predicted that the market would be worth over $1 billion by 2027. Other vendors like Montevideo, Uruguay-based Tryolabs have applied these types of technologies to more public venues, including brick-and-mortar stores. Centers for Disease Control and Prevention.
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Early investor FinTech Collective said it backed NextCapital at a time when robo advisors were just coming to market. “We
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