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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. Jüsto ‘s team, with CEO Ricardo Weder fourth from left. Image Credits: Jüsto. That is up about 2,000 SKUs from last year depending on the city.
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.
Skydropx team. 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.
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. 1 super app in Venezuela and proven that the team can scale the business in a difficult territory,” Mateen said in a statement.
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
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
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. Each figure corresponds to the end of each month.
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.”.
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.
Today the fast-growing grocery and retail delivery platform has closed a whopping $170 million Series A funding round. JOKR’s team consists of people who created both foodpanda and Delivery Hero, so from the outside at least, they have the chops to build a big business. And he’s raising plenty of money to aim at that goal.
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. The team built their own online marketplace with embedded financial tools, a strategy Canals said was so they could control the entire customer journey.
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.
“That’s why we’re excited to deepen our commitment to the team at Cornershop and to support their vision as they scale globally,” he added. The company expanded its operations to eight countries up and down the Americas, including Chile, Mexico, Brazil, Colombia, Costa Rica, Peru, the U.S. and Canada.
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. Coupang files for mega US IPO.
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. With a current team of 23, it also plans to add UX experts, software engineers and product managers to keep on improving its platform. Neighbors helping neighbors.
The fundraise marks a personal achievement for Perez, too, as a Latina female founder with venture backing; less than 2% of venture dollars raised in 2021 went to all-female founding teams, data from Pitchbook showed. It plans to use the new funding to gain new customers, particularly in the U.S.
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. Today, Nuvemshop is announcing that it has closed on a $90 million Series D funding led by Accel. Nuvemshop’s rapid growth caught the attention of Silicon Valley-based Accel.
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.
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. It also plans to double its team of 280 this year.
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. QED, too, was eager to jump on board.
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. You can sign up here.).
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. Today, 70% of the company’s leadership team are women and 45% of its staff are women.
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. .
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. We’re excited to back Gus and his team as they usher in the next generation of banking.”.
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. You can sign up here.). Big Tech Inc.
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.
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.
Now, dLocal and AstroPay co-founder Sergio Fogel has teamed up with AstroPay’s former head of product, Gonzalo Strauss, to launch another fintech out of Montevideo, Uruguay, called Datanomik. DLocal’s founders had first launched AstroPay, another digital payments platform that now has over five million users.
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.
Organizations that rely on donations and grants for funding are being forced to look at their revenue portfolios and determine whether their revenue streams will be sustainable in the foreseeable future. Nonprofits are reimagining funding models and will have to think innovatively to ensure their mission continues. foreign policy.
We also support Responsible AI projects directly for other organizations — including our commitment of $3M to fund the new INSAIT research center based in Bulgaria. We partnered with ENS , a university in France, to help fund scholarships for students to train through research. certainty when used correctly.
The entire team has joined OpenAI to work on our core products including ChatGPT.” The company said that since March 2023, its security teams have uncovered 10 malware families using ChatGPT (and similar themes) to deliver malicious software to users’ devices. “In A source tells us Founders Fund is also investing.
Mashable's entertainment team has scoured the streaming services to highlight the most buzzed-about releases of this week and ranked them from worst to best — or least worth your time to most watchable. Paddington in Peru Raise your marmalade sandwiches! Creative entrepreneurship emerges! Hijinks ensue!
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