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VC funds still rolling as Northzone announces largest fund, while Salkantay is largest Peru fund

TechCrunch

Three years after raising a $500 million fund , European venture capital firm Northzone is back with what partners are calling its “largest fundraise to date” of €1 billion, or $1.01 billion, for its tenth fund. Same for Peru-based Salkantay Ventures , which said it closed on $26 million for its first fund , Salkantay Exponential Fund.

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Kaszek earmarks nearly $1B in new funds for Latin American startups

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.

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Ecuadorian payments infrastructure startup Kushki lands $100M at a $1.5B valuation

TechCrunch

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. Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. It has raised nearly $200 million since its 2017 inception, according to Crunchbase.

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Traveling the world, meeting startups: What We learned

The Next Web

The main observation of differences between Silicon Valley and emerging tech hubs in the rest of the world is access to early stage seed funding and international press. Paul Bragiel, founder of I/O Ventures launched the Savannah Fund to invest in East african startups. Startups are aiming for a global, not local market.

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Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to LatAm ride-hailing drivers

TechCrunch

Italian-born Gregorio Gilardini and Alejandro Garay, who hails from Spain, met in Peru several years ago and discovered they both had an interest in using technology to make a social impact and help people escape “the poverty trap.”. A lot live day to day and drivers are like ghosts in the system.”.

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

TechCrunch

VCs have more money than ever, and it’s getting increasingly expensive to invest in North America. 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 should look for younger markets.

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Social commerce startup Elenas raises $6M and plans for international expansion

TechCrunch

Colombian startup Elenas says it’s helping tens of thousands of women make money by selling products online. And today, it announced that it has raised $6 million in Series A funding. The new funding comes from Leo Capital, FJ Labs, Alpha4 Ventures and Meesho.