Welcome to our investment rounds of the week. Capital continues to flow into Latin America, as investors are increasingly confident in the region’s innovative business models. We saw rounds across all industries, in proptech, e-commerce, healthtech and management technology. These were the early stage rounds of the third week of March:
Riogrande
The e-commerce brand incubator Riogrande raised $12 million in a seed round led by Y Combinator and Mexican fund Wollef, in which angel investors such as Arielle Zuckerberg, Michael Ma and Simón Borrero (co-founder of Rappi) also participated. The mission of this startup founded in 2021 is to leverage businesses with technology so they can grow their e-commerce.
Neivor
Colombian proptech Neivor announced a $3.5 million add-on to its investment round, led by SoftBank Latin America Fund, Magma, Two Culture Capital, and Kavak, among others. The condominium management startup, which allows for the management of maintenance payments, communication with residents and control of amenities from an app, is currently focused on growing its presence in Mexico, a market it entered at the end of last year and where it already has 100,000 users.
Alinea Health
Alinea Health recently received a $4 million investment in a round led by Founders Fund and General Catalyst, and which also included Norte Ventures and Latitude. Until then, the healthcare technology startup, created to reduce the cost of corporate health plans, had received $260,000 in a pre-seed round, through Latitud Fund and several angel investors, including healthcare industry experts and founders of some Latin American unicorns.
Agenda Boa
Agenda Boa, a Brazilian platform that brings together tools that facilitate the management of freelancers, received a $600,000 round from DOMO Invest. The startup is preparing to launch its new application with improvements and new features.
ShowKase
And finally, communications agency Mene & Portella invested an undisclosed amount in ShowKase, a platform for creating virtual stores. The investment was made through the venture capital fund Capital Ventures, which invests in pre-operational and early-stage startups.
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