TechCrunch

DECEMBER 21, 2021

Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The company raised $2.4 The company raised $2.4 In Mexico, that number is 7 million. In South Africa, 1.1

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TechCrunch

DECEMBER 8, 2020

The two founders of Parrot Software , Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. The company is already live in more than 500 restaurants in Mexico and is used by chains including Cinnabon, Dairy Queen, Grupo Costeño and Grupo Pangea. Together they’ve poured $2.1 Investors in the U.S.

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TechCrunch

MARCH 3, 2021

Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million. .

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TechCrunch

JULY 15, 2022

The startup, which offers credit cards to underserved populations in Mexico, told TechCrunch it has raised an additional $50 million in equity at a $1.2 With this latest raise, Stori has raised more than $200 million in equity funding since its 2018 inception. . Enter Stori. billion valuation. Its new $1.2

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TechCrunch

FEBRUARY 9, 2021

Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. In fact, according to PitchBook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade.

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TechCrunch

APRIL 16, 2021

Enter Nelo , a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. With the latest capital infusion, Nelo has raised a total of $5.6 But in markets like Mexico, the percentage of cash payments for trips was very high. Stori raises $32.5M Miller said. “By

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TechCrunch

JULY 21, 2021

Just over five months after securing $50 million in debt & equity , Valoreo has closed on a $30 million Series A funding round. Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to the Latin American consumer.

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TechCrunch

SEPTEMBER 30, 2021

Just six months after raising $3.3 million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. In Mexico, small businesses mostly handle payables with nothing more than spreadsheets and email and legacy bank accounts,” CEO Corcuera said. .

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TechCrunch

SEPTEMBER 21, 2021

Kavak , a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 The startup currently has 40 logistic and reconditioning hubs in Mexico, Brazil and Argentina.

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TechCrunch

JUNE 14, 2021

So, Campos set out to conduct a bigger sample of experiments, and raised about $10,000 via a crowdfunding campaign. Then an earthquake hit Mexico City and that developer lost everything — including his home and computer — and had to relocate. Funding for mental health-focused startups rises in 2020.

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TechCrunch

APRIL 5, 2023

The firm is targeting over $1 billion for Lux Ventures VIII, according to meeting materials from the New Mexico State Investment Council (NM SIC) for March 28, which committed $62.5 million to the fund. The fund will combine the firm’s early and late-stage investing strategies into one pool.

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TechCrunch

MARCH 10, 2021

The company’s funding caught TechCrunch’s eye as there has been a flurry of funding for related companies serving the United States market. Ramp raises $30M as the battle to own corporate spend heats up. The co-founders want to bridge the gap in technology-enabled financial services that they found in Mexico.

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TechCrunch

OCTOBER 26, 2021

Enter Skydropx , a Mexico City-based logistics management company that enables businesses to create an end-to-end automated delivery experience for customers that includes over 250 shipping options, track notifications via WhatsApp, estimated delivery times and return management. It now serves over 50,000 customers and makes more than 1.5

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TechCrunch

OCTOBER 22, 2021

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.

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TechCrunch

APRIL 21, 2021

Today, Tribal Credit announced it has raised $34.3 The raise follows “ 10x” year-over-year growth, according to CEO and co-founder Amr Shady. Brex , which has amassed $465 million in venture capital funding to date, also markets a credit card tailored for startups. Tribal Credit previously raised $7.8

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TechCrunch

MARCH 10, 2021

Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).

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TechCrunch

SEPTEMBER 1, 2021

Flat.mx, which wants to build a real estate “super app” for Latin America, has closed on a $20 million Series A round of funding. had raised a total $10 million in equity and $25 million in debt. Founded in July 2019, Mexico City-based Flat.mx Flat, a Mexican property tech startup, raises $4.6M Previously, Flat.mx

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TechCrunch

APRIL 7, 2021

Kavak , the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. The round was led by D1 Capital Partners, Founders Fund, Ribbit and BOND, and brings Kavak’s total capital raised to date to more than $900 million.

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TechCrunch

AUGUST 17, 2021

Just five months after raising $90M, Brazil’s Nuvemshop announced today it has raised $500 million in a round co-led by Insight Partners and Tiger Global Management. billion and brings the Sao Paulo-based startup’s total funding in the last 10 months to more than $620 million.

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TechCrunch

OCTOBER 12, 2021

Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. And it has just raised $20 million in an effort to help it advance on that goal. With the latest Series A financing, Nelo has raised a total of $25.6 million since its 2019 inception.

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TechCrunch

AUGUST 13, 2021

Luis Mario Garcia grew up in Mexico making deliveries for the grocery stores in his neighborhood. After honing his startup skills in San Francisco, he returned to Mexico with the idea of building a software company. Colombian on-demand delivery startup Rappi raises ‘over’ $500M at a $5.25B valuation.

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TechCrunch

MAY 11, 2022

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. The raise follows a year of strong growth, according to the company, which saw its revenue increase by “well over 20x” in 2021. Banco Mercantil del Norte, S.A.,Institución

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TechCrunch

MARCH 4, 2021

Berkeley-based fintech Flourish has raised $1.5 million in a funding round led by Brazilian venture capital firm Canary. An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins). Mexico and Brazil.

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TechCrunch

AUGUST 25, 2021

Flink , a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Since its 2017 inception, the startup has raised nearly $70 million.

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TechCrunch

MAY 5, 2021

Bitso , a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 For one, it comes just four months after the startup raised $62 million in a Series B round. The news caught our attention for several reasons. Image Credits: Bitso.

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TechCrunch

MARCH 22, 2021

Nuvemshop has seen the number of merchants on its platform surge to nearly 80,000 across Brazil, Argentina and Mexico compared to 20,000 at the start of 2020. 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. billion in 2023.

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TechCrunch

JULY 1, 2021

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. Nowports raises $5.3

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TechCrunch

AUGUST 2, 2021

Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America. The fund will invest between $250,000 and $1 million in startups at the seed stage to help them achieve the milestones needed on the path to raising a Series A.

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TechCrunch

DECEMBER 8, 2020

With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. Valued at $10B, Nubank launches it’s Nu credit card in Mexico.

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TechCrunch

AUGUST 2, 2022

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. With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020.

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TechCrunch

NOVEMBER 10, 2022

Launched in 2021, the Mexico-based company works with over 70 producers to “rescue” food and delivers it to consumers. Andrade was a logistics advisor to the company since it started and previously led Walmart’s e-commerce logistics operations in Mexico. million in pre-seed funding to expand its program across Mexico City.

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TechCrunch

DECEMBER 18, 2020

The startup has now released, for the first time, news that it raised a $15 million funding round back in May this year, with participation from Blackhorn Ventures and Transverse Insurance Group. To date, it has raised $20.5 Foresight now covers Nevada, Oklahoma, Arizona, Arkansas, Louisiana and New Mexico.

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TechCrunch

JULY 15, 2021

And today, one such company, Play2Pay , has raised $13 million in a Series A round of funding. Play2Pay was bootstrapped for the first five years of its life, raising its first external capital in June of 2020 — a $7.5 The gamification of payments is not a new concept. million seed round from individual angel investors.

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TechCrunch

FEBRUARY 16, 2023

In countries such as Mexico, it’s a much more difficult and less common endeavor. We all come from middle class families here in Mexico. Image Credits: Vexi Mexico City-b ased Vexi describes itself as a neobank but doesn’t offer checking or savings accounts — yet. is considered extremely high. It secured $3.7

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TechCrunch

JULY 21, 2022

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. Its Mexico operations are still in its first year, but it is growing 20% monthly and has 70 customers there. million in funding.

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TechCrunch

FEBRUARY 10, 2022

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

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TechCrunch

APRIL 3, 2023

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.

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