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The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. “It’s an industry that gives a lot of mileage to the economy,” Sheinbaum said.
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 Co-founded in 2019 by a trio of former insurance industry executives, Super.mx’s self-proclaimed mission is to design insurance for “the emerging Latin American middle class,” according to CEO Sebastian Villarreal. million in a Series A round led by ALLVP.
The two founders of Parrot Software , Roberto Cebrián and David Villarreal, first met in high school in Monterrey, Mexico. In the 11 years since, both have pursued successful careers in the tech industry and became family (they’re brothers-in-law). ” Parrot Software co-founders Roberto Cebrían and David Villarreal.
Importers and exporters that need to move products between the United States and Mexico typically have to work with a number of different vendors to help with different pieces of that process. “A A truckload from Mexico to the U.S. will have to hire a trucking company in Mexico. Chhugani explained. Chhugani explained.
Planet42 has a cohesive network of automobile industry stakeholders on its platform. In Mexico, that number is 7 million. The company said it has bought its first cars for clients in Mexico. Autochek and Moove are other companies offering similar services in parts of sub-Saharan Africa. In South Africa, 1.1
The company, which initially was hit as hard by regional responses to the COVID-19 pandemic as other businesses in the hospitality industry, has recovered to reach nearly 90% of total capacity on the 200 units it manages around Mexico City. “I wanted to define a product from a consumer angle,” said Barawid.
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. The company currently has offices in Mexico, Chile, Colombia, and Uruguay. Nowports raises $5.3
Kolors, a Mexico City-based startup, says its platform that connects intercity bus riders with bus drivers is like “if Uber and Southwest Airlines had a baby.” In emerging markets, similar products are creeping up to address what Kolors CEO and founder Rodrigo Martínez says is something of an antiquated industry.
Addressing agricultures labor challenges, Seso offers software now used by one-third of Americas 100 largest agricultural employers to streamline the H-2A visa process for migrant farmworkersa workforce the industry relies on heavily, at a time when its become a cultural flashpoint. households.
Even the giants in the industry aren’t immune. That’s why the whole industry has become more rational. 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. Brazil, Mexico, Colombia, Peru and Chile.
When Cory Siskind finished school, she was dropped into a high-stakes job helping large multinational corporations manage their operational security in Mexico City, with almost no relevant lived experience.
Specifically, Osana Salud is building an API-connected infrastructure to help the region’s healthcare industry offer a patient experience that offers “greater convenience, outcomes and value,” Lawson told TechCrunch. It also gave the industry the opportunity to show the benefits of a “virtual first” approach, he added.
Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. It claims to be the first supermarket in Mexico with no physical store. Mexico City’s Jüsto raises a $12 million bridge round for its delivery-only grocery stores.
Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.
Roberto Cebrián and David Villarreal both had experience working with restaurants in Mexico and recognized that many restaurants were not prepared to change their operations quickly, so they jumped on the opportunity to help them. million, led by F Prime Capital, to continue developing ParrotConnect and expand its footprint in Mexico.
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 Stori launched its credit card product in Mexico in January 2020. million customers in Mexico, which it claims is up “over 3x” from the prior year. Enter Stori.
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.
It was then that we learned about the origins of the Mexico City-based company, founded by CEO Alexis Patjane, who had been running a food truck-making business in Mexico. 99 minutos, Mexico’s last mile delivery startup, raises a $40M Series B. It was depressing to hear all of the ‘nos.’
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 company was founded by CEO Daniela Izquierdo and Juan Guillermo Azuero, who met in a restaurant industry course at Harvard Business School.
Founded in July 2019, Mexico City-based Flat.mx That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande. The real estate market in Mexico is broken,” said co-founder Bernardo Cordero. Previously, Flat.mx Unlike in the U.S.,
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Meanwhile, Miferia is still in its early stages.
“Industrial managers of any kind need traceability of work orders, and need to know the health of their machines from kilometers away from the operations,” Marinelli said. “[W]ithout the proper combination of hardware and software, you can’t solve the industry’s real challenge.”
Arrenda , a Mexico City-based fintech company, is offering digital financial services to the real estate market of Latin America and closed on $26.5 He was recruited to June Homes, a startup in the proptech space that integrates technology into the residential real estate industry, specifically rentals. Image Credits: Arrenda.
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. Tech in Mexico: A confluence of Latin America, the US and Asia. The company says its model differs from that of its U.S.-based
There are more than 700,000 beauty salons in Latin America, and the industry supply chain hasn’t changed for over 40 years,” she said. The industry lacks technology in every aspect.”. The demand is there, in her view. Eight-five percent of beauty salons have still not adopted any kind of digital tool.
Jüsto , the Mexico City-based online grocer, continues to run on all cylinders with a goal of saturating the Latin American market. 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. billion in 2020.
Flink , a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. For Mexico City-born Sergio Jiménez Amozurrutia, the fact that in his country of more than 120 million people, only a tiny fraction of the population has the ability to invest in the capital markets felt unfair.
. — Latin America, they believe, has historically been ripe for disruption, especially in the fintech and proptech sectors, due to the significant underbanked and unbanked population in the region and the relatively unstructured real estate industry. One Mexico-based VC even declared that the story was about “talent, not capital.”
E-commerce in LatAm has taken off at a compound annual industry growth rate of 16% over the past five years. That leaves major Spanish countries like Mexico, Colombia, Chile and Argentina without a leading independent last-mile logistics company. The holdout: Latin America.
La Haus , which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. .
MEDU , a Mexico-based startup, wants to reduce that waste and replace single-wear medical garments through the creation of a line of sustainable, virus-resistant reusable pieces, including surgical gowns, head coverings and full-body suits. In the meantime, the company already has approval in Mexico and is working with five hospitals there.
Silicon Valley is made up of solely one industry: technology, whereas countries in emerging markets have existing industries, around which entrepreneurs are innovating. In Africa in particular governments are very involved in promoting technology and see it as a future industry that will kick start the economy.
The Mexico City-based company emerges with new funding, $3.9 million in Series A angel investment, the first Shrimpbox prototypes are currently being assembled in Guapinole, Oaxaca, Mexico and a farm for training and demo purposes is expected to open later this year in partnership with the Indiana Economic Development Corp.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
Orders are limited to two bottles, and only people in some states can receive them because of “industry regulations.”. In 2018, Musk ran into some trouble with the Tequila Regulatory Council in Mexico (CRT), after he’d tweeted a “visual approximation” of a bottle. Well, the idea did start as an April Fools’ Day joke.)
Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. As most people still rely heavily on cash in Mexico, creating a challenger bank represents a good opportunity. I covered the company’s original round back in August 2020. Portag3 is investing in the extension.
In particular, the company will be focusing on acquiring new customers and product listings as well as expanding to other countries such as Mexico, Argentina, Colombia and Chile “through a combination of M&A and greenfield operations,” according to Dagnoni. SoftBank pours up to $150M into GBM, a Mexico City-based investment platform.
On Wednesday, Hackman, 95, and Arakawa, 64, were found dead in their home in Santa Fe, New Mexico, along with one of the couple's dogs. Nearby gas lines were tested by New Mexico Gas Company, but no issues were found with any of the pipes.
It’s a topic agnostic of industry. This is going to be a great show as we explore how Brynne and Habi navigate uncertainty as they build their proptech company in Colombia and Mexico. Worse yet, when uncertainty is left unchecked, anxiety fills the void. I hope you can join us.
This was first introduced (to my knowledge) in the Stakeholder's Platform discussions, which were the quickly ginned-up alternative option created in response to the original introduction at WIPO of the Treaty for the Visually Impaired ("TVI") by Brazil, Ecuador and Paraguay (and now co-sponsored by Mexico). The concept of TIs uses U.S.
It has backed companies across the region including in Brazil, Mexico, Chile, Colombia, Argentina and Ecuador. Combined, the investment and operations teams total over 60 people who operate out of Miami, São Paulo and Mexico City. each for Kavak and VTEX; 2.6x for QuintoAndar and 3.5x for Banco Inter (as of June 30).
The firm is industry agnostic, with Kazah saying it considers “any industry where technology is playing a transformational role.”. It has people on the ground in its home base of Brazil as well as Mexico, the United States, Argentina and Uruguay. .
It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. It has 40 million users across Brazil, as well as Mexico and Colombia. Brazil is a country riven with economic contradictions. Our lead writer for this EC-1 is Marcella McCarthy.
Santiago-based Houm plans to use the new capital mostly to expand to 15 new cities across Mexico, Colombia and Chile — the three countries in which it currently operates — as well as to triple its current headcount of 350. The startup had used its seed capital to expand and consolidate in Bogota, Colombia, and Mexico City. (It
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