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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.
Super.mx , an insurtech startup based in Mexico City, has raised $7.2 million seed round, which also saw capital from 500 Startups Mexico, Village Global, Anthemis and Broadhaven Ventures, among others. The founding team brings a variety of insurance experience to the table. million in a Series A round led by ALLVP.
In Mexico, for instance, 97.4% Thus we’ve seen the funding of mobile-first website builder Univer.se, which raised $47M from Google Ventures, General Catalyst, and Addition. Zeely’s users are so far spread across the US, UK, and emerging markets such as Brazil and Mexico. of firms in the region.
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 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
Enter Nelo , a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. With the latest capital infusion, Nelo has raised a total of $5.6 But in markets like Mexico, the percentage of cash payments for trips was very high. Stori raises $32.5M Miller said. “By
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class. million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million. .
Just six months after raising $3.3 million in seed funding , Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. In Mexico, small businesses mostly handle payables with nothing more than spreadsheets and email and legacy bank accounts,” CEO Corcuera said. .
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.
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.
Today, Tribal Credit announced it has raised $34.3 The raise follows “ 10x” year-over-year growth, according to CEO and co-founder Amr Shady. Another accelerator for its products was how the pandemic forced teams to work remotely. Tribal’s platform aims to streamline financial operations for a distributed team. .
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.
So, Campos set out to conduct a bigger sample of experiments, and raised about $10,000 via a crowdfunding campaign. Then an earthquake hit Mexico City and that developer lost everything — including his home and computer — and had to relocate. The results from her small experiment were encouraging. Image Credits: Yana.
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
In countries such as Mexico, it’s a much more difficult and less common endeavor. We all come from middle class families here in Mexico. Image Credits: Vexi Mexico City-b ased Vexi describes itself as a neobank but doesn’t offer checking or savings accounts — yet. is considered extremely high. It secured $3.7
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. Alex Tabor, Paul Ascher and Juan Pascual met each other on the engineering team of Peixe Urbano, a company Tabor co-founded and he referred to as a “Groupon for Brazil.”
Bitso , a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 For one, it comes just four months after the startup raised $62 million in a Series B round. The news caught our attention for several reasons. Image Credits: Bitso.
Nuvemshop has seen the number of merchants on its platform surge to nearly 80,000 across Brazil, Argentina and Mexico compared to 20,000 at the start of 2020. 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.
Berkeley-based fintech Flourish has raised $1.5 An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins). Currently, the 11-person team works out of the U.S., Mexico and Brazil. based startups.
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.
We first profiled Inventa, co-founded by Marcos Salama, Fernando Carrasco and Laura Camargo, in January when it raised $20 million in Series A financing , led by Andreessen Horowitz and Monashees. And, after establishing a footprint in Brazil, the company is accelerating its international expansion to Mexico and Colombia later this year.
One San Francisco-based startup has emerged that wants to not only give travelers more options, but make traveling more affordable, and it’s just raised $15 million toward that goal. In return, she hosted over 80 nights in her Mexico City home while she was out. To date, the startup has raised a total of $26.75
Mundi, a financial services platform for cross-border trade, announced today it has raised $16 million in a Series A funding round led by Union Square Ventures. . While it is remote first, Mundi does have operations in Mexico City. The startup built its platform from scratch with the goal of underwriting SME exporters in Mexico.
Meanwhile, beverage giant Diageo expanded regenerative farming in Ireland for Guinnesss barley, Scotland for whisky grains, and Mexico for the agave used to produce its tequilas. Rodales skill at inventing creative ways to win over stubborn farmers is now coming in handy as it furthers the burgeoning new cause of regenerative agriculture.
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B. In Borzo, we find a team with a clear vision of the opportunity in the evolving on-demand delivery space.
Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. The round comes less than a year after Melonn raised a pre-seed round from NFX.
Kocomo is a Mexico City-based startup that wants to help make that dream a reality. We are focused initially on Americans and Canadians wanting to buy a vacation home in Mexico, the Caribbean and Costa Rica and then eventually we will be doing the same in Europe,” said Martin Schrimpff, co-founder and CEO of Kocomo.
In Mexico in particular, cash remains the dominant method of payment with an estimated 86% of all payments being in the form of cash. According to one recent study , Mexico topped the list of the world’s fastest growing e-commerce markets. And for the founders of Mexico City-based startup Stori , they spell opportunity.
The latest such startup to raise capital is Forum Brands , which today announced it has raised $27 million in equity funding for its technology-driven e-commerce acquisition platform. . Forum Brands founding team. The M&A team also uses data to contact brand owners “in just three clicks.” Image Credits: Forum Brands.
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. Those employees are spread across its offices in San Francisco, Chicago, Detroit, Denver, Mexico City, Mexico and Krakow, Poland.
Nelo , a startup founded by former Uber international growth team leads, began offering buy now, pay later services to Mexico earlier this year. And it has just raised $20 million in an effort to help it advance on that goal. With the latest Series A financing, Nelo has raised a total of $25.6
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.
And today, it announced that it has raised $6 million in Series A funding. Indeed, one of its next steps is expanding across Latin America, starting with Mexico and then Peru. The Elenas team has built a solution that’s inclusive, impactful and is well positioned for exponential growth.”.
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. Your bet is entirely on the founder and the founding team. Some MAGIC portfolio companies.
Colombian e-commerce fulfillment startup Cubbo landed $4 million in seed funding as it launches operations in its home country this month after first going into Mexico earlier this year. Cubbo warehouse in Mexico City. In Mexico, we are the only company that can take an order up to 5 p.m. York’s backstory is quite interesting.
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. The privatization of the weather industry is now, and that type of vision is what compels the team here at Stonecourt Capital.”
In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital. Addi will also be accelerating its entry into Mexico, as mentioned previously, where it’s aiming to launch in early 2022. million from Andreessen Horowitz.
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.
Today, a startup that is building tools to make it easier for emergency response teams to do their jobs by providing them with more immediate data about callers and their circumstances is announcing a big round of funding as it continues to grow. The round comes also on the heels of the company raising $21 million in June of last year.
Founded in 2007 by Perez and Oscar Garcia Mendoza , who now serves as chairman of NovoPayment’s board, NovoPayment had been bootstrapped since inception until it raised its Series A round earlier this year, the company announced today. NovoPayment’s founder and CEO Anabel Perez Image Credits: NovoPayment.
Today, Indonesian EWA startup wagely announced it has raised $5.6 Its new funding will be used to increase wagely’s sales team in order to close more enterprise deals. Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A.
The startup, whose clients include Danone, Kellogg’s, Cargill and Dole, announced today it has raised an oversubscribed $4.4 It brings Ai Palette’s total raised to $5.5 EF raises $115M new fund, aiming to create another 300-plus startups in the next three years. Both will join Ai Palette’s board.
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