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Nuvocargo , a logistics startup out to help simplify the challenges of cross-border trade, has raised $20.5 The round valued the New York-based startup at $180 million, more than double the $70 million it was valued at when it raised $12 million in April. A truckload from Mexico to the U.S. Chhugani explained. “The U.S.-Mexico
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.
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. 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. Nowports raises $5.3
With travel and tourism rising across Latin America, Casai , a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. “I wanted to define a product from a consumer angle,” said Barawid. “I wanted this to exist.”
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.
Planet42 , a South Africa-based car subscription company that buys used cars from dealerships and rents to customers via a subscription model, has raised $30 million in equity and debt. The company raised $2.4 The company raised $2.4 Planet42 has a cohesive network of automobile industry stakeholders on its platform.
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 With this latest raise, Stori has raised more than $200 million in equity funding since its 2018 inception. . Enter Stori. billion valuation. Its new $1.2
Jüsto , an online supermarket based in Mexico City, announced Tuesday it has raised $65 million in a Series A round led by General Atlantic. In fact, according to PitchBook data cited by General Atlantic, the round represents the largest Series A raised in Latin America in the past decade.
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.
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
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.
Quiet Capital, Preface Ventures, FJ Labs, AforeVC and K50 Ventures also put money in the latest round, which brings Osana’s total raised over its lifetime to $26.5 It also gave the industry the opportunity to show the benefits of a “virtual first” approach, he added. Lee Fixel’s Addition is also an investor.
had raised a total $10 million in equity and $25 million in debt. Founded in July 2019, Mexico City-based Flat.mx 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.
Flink , a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Since its 2017 inception, the startup has raised nearly $70 million.
The startup has now released, for the first time, news that it raised a $15 million funding round back in May this year, with participation from Blackhorn Ventures and Transverse Insurance Group. To date, it has raised $20.5 million from industrial technology venture capital firms, led by Brick and Mortar Ventures and Builders VC.
“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.” billion by 2025.
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments.
Less than six months after raising $8 million in seed funding, Chilean proptech startup Houm has raised $35 million in a Series A round led by Silicon Valley venture capital firm Goodwater Capital. With the latest round, Houm has raised a total of $45 million since its inception.
Tuna is on a mission to “fine tune” the payments space in Latin America and has raised two seed rounds totaling $3 million, led by Canary and by Atlantico. He has identified Mexico, Colombia and Argentina as potential new markets.
Mercado Bitcoin , a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund. Also, the country has seen some of the lowest interest rates on record, which he said has fueled the development of the alternative assets industry. .
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. Olubusi and the other founders knew this would be a limitation in the long run if they went solo.
Even the giants in the industry aren’t immune. However, the company went on to raise $260 million in December to become a billion-dollar company, and despite some growing pains, it seems like it has some believers and a business model that is working, at least for now. That’s why the whole industry has become more rational.
Morado, a two-month-old Colombian startup aiming to digitize beauty salons in Latin America, has raised $5 million in a pre-seed round from a bevy of global investors. 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.
Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Notably, the round triples the company’s valuation to $1.875 billion compared to its $625 million valuation at the time of its Series C raise last September. They had to adapt quickly to survive.
And now the Brazilian regtech has raised $38 million in a Series C round led by Endurance. GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million.
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.
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. Patjane told TechCrunch that he wasn’t immediately looking for additional capital after closing the Series B, and in fact had plans to begin raising again this year.
Weather intelligence platform ClimaCell today announced that it has raised a $77 million Series D funding round led by private equity firm Stonecourt Capital , with participation by Highline Capital. “And the ambition was always to be that largest weather enterprise in the world, the most disruptive, the most industry-defining.
Jüsto , the Mexico City-based online grocer, continues to run on all cylinders with a goal of saturating the Latin American market. We previously reported on the company last February when it raised $65 million in a Series A round led by General Atlantic. Mexican online grocer Jüsto raises $65M in General Atlantic-led Series A.
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. Including the new funding, Foodology has raised more than $20 million. Their goal is to support 500 kitchens in the future, Azuero said.
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. For one, it represents one of the largest (if not the) largest Series A rounds raised by a Latin American startup to date.
The Mexico City-based company emerges with new funding, $3.9 That company mainly focused on the biotechnology aspects of aquaculture, including the challenge of raising shrimp in a closed loop system. “We We raised some money, got some grants from the Mexican government.”. For example, South Korea-based CellMEAT raised $8.1
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. Other participating investors include 500 Global and MSAS. Fergany also said Convertedin is eyeing South Africa and India too. “We
Mudafy , a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. With its new capital, Mudafy’s immediate priority is to expand to more cities in Mexico, a market it entered in 2020. In total, the startup has raised $13 million.
Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso , the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America. . “It’s not going away. .
“Supply chain was moved to the front pages of the newspaper, amplifying the industry with pain points right in the spotlight,” Conlon told TechCrunch in an email interview. Overhaul, in addition, secured a $35 million loan from Stifel Bank, bringing the startup’s total raised to date to just under $100 million.
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.
Fondeadora , a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round. And now, Fondeadora is adding $14 million on top of the original $14 million it had already raised — it now represents a $28 million funding round. I covered the company’s original round back in August 2020.
In June, Nu raised a $750 million round led by Berkshire Hathaway at a $30 billion valuation, making it one of the most valuable unicorns in the world. Since its 2013 inception, Nu has raised $2.3 Since its 2013 inception, Nu has raised $2.3 We’ll know soon enough. The Nubank EC-1.
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. .
About a year ago, it seemed like myself and other colleagues were writing story after story about spend management companies raising tranches of venture capital — remember Mary Ann’s roundup story from basically this same time last year? With Brazil, Mexico and Colombia, we are covering two-thirds of LatAm’s GDP.” It’s hard to say.
Brynne leads the hot real estate startup out of Colombia, which reached unicorn status last year with a $200 million raise. 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.
Fund II will explore options to raise additional capital,” SoftBank said in a statement. 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.
It has one of the largest and most profitable banking industries in Latin America, and is among the world’s most developed financial markets. Just last week, this Brazilian credit card and banking fintech raised a $750 million round led by Berkshire Hathaway at a $30 billion valuation, becoming one of the most valuable startups in the world.
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