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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.
Weder planned on using the Series A funding to expand across Mexico and Latin America — a market he told me represents a $600 billion opportunity — and that’s just what the company did. That further expansion is backed by a new round of funding, this time $152 million in Series B funding, again led by General Atlantic.
As a group or as an individual, CARE Packages can help send girls in Afghanistan to school for a year, or help expectant mothers in Peru safely deliver. You can purchase Kiva Cards which then can be redeemed by your gift recipient to fund a loan of his or her choosing. Kiva Cards: Starting a $25, Kiva Cards change lives.
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.
Anthos Capital led the latest round, with additional participation from JAM Fund, whose founder Justin Mateen was an investor in the seed round. Yummy’s Lima, Peru dark store, the first outside of Venezuela. The company launched this month in Peru and Chile. Image Credits: Yummy. “We
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.
Less than a year after taking its first funding , Latin American local on-demand delivery and transportation super app Yummy is back with an upsized round of $47 million. The round was led by Anthos Capital, with the participation of JAM Fund, Soma Capital, WIND Ventures, Ethos Capital and YC Continuity. That is poised to be a $9.3
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
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.”.
My first introduction to her book was from Lucy Bernholz and shortly after that James Wu from the Acumen Fund gave me a copy of and this profile in the Economist. The winner was Lethal Sheethal who was about to leave for six months on her Kiva Fellowship in Peru. Before leaving, she did a fundraiser and raffled off her copy of the book.
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.
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
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.
Currently, Kuona operates in the United States, Mexico, Peru and Ecuador and just opened an office in Brazil. million in total funding. “It also gives them a picture of what has been working in the past, the present and then allows them to plan for the future.”. The new investment gives Kuona around $7.2
The startup has raised $110 million in a growth funding round led by U.K.-based Outside of Brazil, it has operations in Mexico, Peru, Chile, Colombia, Argentina, Ecuador and the Dominican Republic. based Lightrock and Silver Lake Waterman, bringing its valuation to over $1.5
Chile’s Buk , which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. We have been able to double our size year over year [without institutional funding],” he said.
Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital, among others. Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia and Chile. What we’re building is like a gigantic pillar, not only for us, but for other companies that are building on top of us.”.
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 a result, they decided to ramp up Migrante into other underbanked communities, including Peru. Chile-based Migrante is working to change that.
Millions of tons of cargo are transported each year via the Pan-American Highway and its branches across Colombia, Ecuador, Peru, Chile, Bolivia and Paraguay. DeltaX’s seed round was backed by several funds from the U.S. .” Why Latin America’s freight-forwarding opportunity is still attracting capital.
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 in the Andean region cover Peru, Chile and Colombia. investors remain shy. Every top university in Brazil has a pool of angels.
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. Indeed, one of its next steps is expanding across Latin America, starting with Mexico and then Peru.
Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. ThornTree Capital and returning backers Kaszek, Qualcomm Ventures and others also put money in the round, which brings Nuvemshop’s total funding raised since its 2011 inception to nearly $130 million.
The company expanded its operations to eight countries up and down the Americas, including Chile, Mexico, Brazil, Colombia, Costa Rica, Peru, the U.S. million over four rounds of funding from investors that include Accel and Jackson Square Ventures. and Canada. The company raised $31.7
It also comes a day after fellow LatAm e-commerce aggregator Quinio announced $20 million in initial funding to acquire some 30 companies. Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab. The latest funding will enable the company to expand into Argentina and the United States.
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
About 85% of NovoPayment’s customers were located in LatAm, in countries including Venezuela, Chile, Columbia, Peru and Mexico as of September last year, with the remaining 15% in the United States, PaymentsDive reported. It plans to use the new funding to gain new customers, particularly in the U.S.
After several failed startup attempts and nine years spent building Nuvemshop into Latin America’s answer to Shopify, the four co-founders of the company have managed to raise $30 million in venture capital funding as they look to expand their business.
Zubale’s operations began in Mexico and have since expanded into Colombia, Costa Rica and Peru. With this new funding, the company aims to invest in technology development, build operations in Brazil and Chile and launch some embedded finance products and services.
UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. Over the years, UBITS has expanded to Mexico and Peru and, in fact, it now has dual headquarters in Mexico, where its two co-founders now live.
Naspers, via its investment arm, Naspers Foundry, co-led the investment with Cathay AfricInvest Innovation Fund. The company says there are plans to launch Rumbo in Lima, Peru later this year. Today, i t is announcing a $14.5 According to Naspers, the size of its check was $3 million. Devin de Vries (CEO WhereIsMyTransport).
We have three sections of startup news today, starting with mobility, continuing with venture fund news, and closing with a neat startup round. Everyone has a fund these days, and given the amount of market enthusiasm to fund blockchain projects, we’re not shocked to see another. Startups/VC.
Europe, LatAm and Europe, today announced that it has raised a $20 million Series B funding round led by Redpoint eventures. Existing investors Daphni , Imaginable Futures , Pearson Ventures , Reach Capital and Trinity Ventures also participated in this round, which brings Holberton’s total funding to $33 million.
Two new funds got announced this morning; Haje covered Hannah Grey’s $52 million debut fund , focusing on customer-centric founders, and Christine took a look at Bonfire Ventures, which raised a pair of funds, totaling $230 million , targeting B2B software startups. . Startups and VC.
We noted earlier this year that grocery delivery is a tough business to be in , given the competitiveness of the market and later-stage funding drying up for cash-intensive sectors like this one. However, we’ve seen some downsides of the industry, for example, Zero Grocery folded about a month after I reported on their new funding round.
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.
Ursa Major is scaling up its ambitions to disrupt the vertically integrated launch sector with a fresh round of funding. Astranis signed a $90 million agreement with Latin American telecom company Grupo Andesat to deliver broadband internet access to rural Peru. Image Credits: Ursa Major (opens in a new window).
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. It also plans to use the money to accelerate its geographic expansion into additional markets across Latin America, including Peru, Ecuador and Chile.
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.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Another day, another Q2 funding report.
” The initial markets will be in Mexico, Costa Rica, Peru, South Africa, Kenya, Uganda and Vietnam, where Apeel’s tech will treat avocados, pineapples, asparagus and citrus fruits like lemons, limes and oranges. . “The value is not just in the longer-lasting produce, it’s in the market access for that longer-lasting produce.”
” Demand for Flink’s product is not only coming from Mexico, but from other Latin American countries such as Colombia, Chile, Peru and Argentina. Flink also plans to use its funding in part to continue improving the user experience and product offering, as well as to add to its current headcount of 60 to be able to meet rising demand.
Prendea: Peru-based startup that offers live, online after-school classes for Spanish-speaking kids. For a homework platform like Acadpal to succeed, it would be good news for a company like Codingal, which helps bring afterschool learning online, to get funding as well. Manara: A marketplace to connect Middle East talent to tech jobs.
Innovamat will be using the funding to expand its business. It has been around since 2017, operating initially in Spain before expanding to Italy and several countries in Latin America (Mexico, Colombia, Chile, Ecuador, Brazil and Peru). Innovamat will be using the funding to expand its business. in New Jersey.
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