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With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a $2.2B Both funds, according to Kaszek, were “several times oversubscribed” with demand coming globally from university endowments, global foundations, technology funds and several tech entrepreneurs. And Kaszek has been at the heart of it all.
In recent years, there has been an explosion of global investor interest in Latin American startups. Geographically, Kaszek has been most active in Brazil and Mexico, and has also invested in teams based in Colombia, Chile, Argentina, Ecuador, Peru and Uruguay. billion in 2021, (up from $2 billion in 2018) according to LAVCA.
Ricardo Sangion previously launched operations for Facebook and Pinterest in Latin America, before joining operator-led global investors TheVentureCity as partner for first-ticket investments in the region. billion in just the first half of 2021, almost double the amount in all of 2020, and mega-rounds are a growing trend.
However, in markets like Africa, there are fewer concerns regarding the working conditions of riders, which undoubtedly appeals to what these global players fancy. The company also exited the Middle East and North Africa (Egypt and Turkey) and Uruguay and Puerto Rico in January 2020.
Other backers include Index Ventures, Susa Ventures and Global Founders Capital. Latin American nocnoc raises $7M seed round to help global sellers connect with local marketplaces across LatAm. Igor Khmel is CEO of SaveChain, a new neobank for underbanked people globally to open U.S. ” In other infrastructure news….
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