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I asked her what kind of insights could be gleaned by an anti-poverty group, say in Uruguay (to pick one country out of 50), accessing the LIS. She suggested: In Uruguay: What is the poverty rate among individuals and households (using any of a number of poverty lines – absolute or relative, national or regional)? family structure?
Argentina-based clicOH is the latest shipping technology company attracting venture capital funding, raising $25 million in Series A funding in a round led by Tiger Global. ClicOH is among a number of startups raising funding as they develop e-commerce infrastructure to grab a piece of this burgeoning market in Latin America.
At the time, Wonder Brands raised $20 million in venture capital. SellerX acquires US e-commerce roll-up rival Elevate Brands in an all-share deal, raises $64M+ Achieving growth Wonder Brands uses data from online marketplaces to create products. In 2021, the e-commerce roll-up, or aggregator, scene was in full force.
Henry has created an online computer science school that trains software developers from low-income backgrounds to understand technical skills and get employed. Currently, Henry has graduated 200 students and is working with 600 students across Colombia, Chile, Uruguay and Argentina. Now, VCs are giving Henry some cash to do so.
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 More than 325 global merchants, including e-commerce retailers, SaaS companies, online travel providers and marketplaces use dLocal to accept over 600 local payment methods.
Business is booming in Latin America: Startups raised $9.3 With so many companies raising significant funds in a short time, competition to find a high quantity of high-quality workers is fierce. AI companies have garnered some of the most attention in Latin America this past year, raising a total $862.6
When he sold Brazilian online real estate marketplace VivaReal for $550 million several years ago, he had to pay more than $100 million in capital gains taxes due to incorporation errors made early on. It also wanted to make its thesis even more compelling when it did go to raise, noted Gotthilf. If entrepreneurs in the U.S.
“They fit the pattern of successful founders who start out in Latin America’s overlooked markets like Peru, Ecuador, Chile and Uruguay who are likely to have success expanding to Latin America’s bigger countries,” he said.
Co-founder Sacha Michaud believes these markets are currently underserved, and Glovo has found the right opportunity to work with local restaurants, bringing them online to reach new customers in a bid to “make everything, within all towns and cities, available to everyone.”
Founded in 2013 (or 2014 depending on the source), the Chicago-based company has raised over $82 million in funding over its lifetime from investors such as FinTech Collective and Oak HC/FT , according to Crunchbase. Its biggest competitor, Bolt, raised “roughly 50 times that figure,” according to The Information. .
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