:quality(70)/s3.amazonaws.com/arc-authors/bloomberglinea/712d027e-8c90-4f19-9656-ed788cb4838a.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FVEZBSNAZFCXDLITFQUORS6MTY.jpg "Rounds of the Week: Diferente, Viva Translate, Paketá and Symbiomics Raise Capital")
Rounds of the Week: Diferente, Viva Translate, Paketá and Symbiomics Raise Capital
Despite the deceleration of funding, Latin American startups are still raising capital, according to LAVCA
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YNFTLXKPXVGATPLUNOSDWGWRVM.jpg "Rounds of the Week: Juvo, Yave and Transfeera Secure Funds")
Rounds of the Week: Juvo, Yave and Transfeera Secure Funds
2022 was a record year for early-stage startups in Latin America, and in the first month of 2023 the ‘early’ investment trend looks set to continue
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/XISP4ZXJB5BEVCMHFAARL32CG4.jpeg "WeWork Sees Occupancy Growth In Latin America Amid Regional Strategy Shift")
WeWork Sees Occupancy Growth In Latin America Amid Regional Strategy Shift
The company’s Latin America CEO Claudia Woods tells Bloomberg Linea why the company abandoned its custom space model in major cities to accelerate expansion with its marketplace model
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KJBJNB6FQ5BPHHQCTATR5DE5CE.jpg "Marcelo Claure and Apollo Reportedly In Talks to Buy Millicom")
Marcelo Claure and Apollo Reportedly In Talks to Buy Millicom
The former COO of SoftBank is reportedly negotiating a deal to acquire Millicom Celular, which operates in Latin America under the Tigo brand
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BDI7YNKJIVGJFF3FW7Q464EZ7M.jpg "Scanntech, KLYM, Parfin, Rocketfy, and Scouter Among the Ones Who Raised Capital in LatAm")
Scanntech, KLYM, Parfin, Rocketfy, and Scouter Among the Ones Who Raised Capital in LatAm
Beyond fintech, this week investors bet on collaborative economy and e-commerce, among others.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YHKV5TKGVVFDVB6ESR7TQVGI44.jpg "Wave of Layoffs Portends Changes to the Way Big Techs Work")
Wave of Layoffs Portends Changes to the Way Big Techs Work
The quest for efficiency and cuts at giants such as Google are threatening the model that has become famous for its benefits inside offices, from ice cream to a gaming room
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MWZLBHFT3FBQJKZDAKJWN5JHQA.jpg "Netflix Sees ‘Cancelation Reactions’ to Paid-Sharing Feature In Latin America")
Netflix Sees ‘Cancelation Reactions’ to Paid-Sharing Feature In Latin America
Reporting its Q4 2022 results, the streaming platform said it has seen cancellations following the introduction of its paid sharing service in Latin America
Netflix dice que ha visto “reacciones de cancelación” con el pago compartido en LatAm
Al informar los resultados del cuarto trimestre de 2022, Netflix dijo que vio cancelaciones de pruebas en América Latina debido al servicio compartido pagado
:quality(70):focal(3235x1865:3245x1875)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/B4XF5F7MTBEVNLCPRJUEXYJ7TA.jpg "Spanish Edtech Unicorn Domestika Downsizes Latin America Operations")
Spanish Edtech Unicorn Domestika Downsizes Latin America Operations
The cuts have affected local production offices in Brazil, Peru, Chile and Argentina, Bloomberg Línea has found
:quality(70):focal(2104x2104:2114x2114)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/C7VOKKE67FBBHNU7NLOQ2RGVVU.jpg "Nubank Secures $150M Credit Line With Second Loan Since April")
Nubank Secures $150M Credit Line With Second Loan Since April
The loan from the IFC, the financial arm of the World Bank, the second credit line for the fintech since April, will be used for expansion in Latin America
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/KPQBR22Q4ZC2FIQUFETDP5STJ4.jpg "Rounds of the Week: Genial Care, BioElements and OrderEAT Raise Funds")
Rounds of the Week: Genial Care, BioElements and OrderEAT Raise Funds
The first venture capitalist rounds in 2023 for Latin America targeted healthtech, cleantech and foodtech
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VNAR3H55CJGO3LL7JPRUBYYCOU.jpg "Brazilian Fintech Ebanx Changes Leadership, Reinforces AI Push")
Brazilian Fintech Ebanx Changes Leadership, Reinforces AI Push
Fabio Scopeta, who came from management positions at Microsoft and IBM, takes over as Chief Product & Technology Officer at the Brazilian fintech
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DM6ZYUE22RC7LLKRV2RNZOILT4.png "Casai’s Downfall: A16z-Backed Company to Close Short-Term Rental Operations in Brazil")
Casai’s Downfall: A16z-Backed Company to Close Short-Term Rental Operations in Brazil
After merging in August, Casai and Nomah stopped paying suppliers and owners; in a note, Casai says it will honor commitments by the end of the month
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6V666YATQRH7XCV4EYYPHAVGGQ.jpg "Brazil’s Lula Decrees Federal Intervention in the Federal District After Attack in Brasilia")
Brazil’s Lula Decrees Federal Intervention in the Federal District After Attack in Brasilia
Measure restricted to the federal capital's public security area will last until 31 January; the president says invaders will respond in accordance with the law
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YEOOYSZ4AVCRJNQBY24AMEAUS4.jpg "Rounds of the Week: Bricksave, Hero Guest Kick Off 2023 Funding In LatAm")
Rounds of the Week: Bricksave, Hero Guest Kick Off 2023 Funding In LatAm
In a slightly smaller round than it expected to receive for its Series A, Argentine proptech Bricksave has received investment from Graphene Ventures
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PMC5ASGTNNAS7P4PST2B5OJCRE.jpg "Brazilian Startup The Coffee Hits $45M Valuation, Aims to Seduce Starbucks Customers")
Brazilian Startup The Coffee Hits $45M Valuation, Aims to Seduce Starbucks Customers
The Brazilian startup that provides technology for cashier-free payment at coffee shops has raised $7.5 million in a round led by Monashees and CapSur Capital
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AXA4B2VYWBCILGMHLQXTKFISFA.jpg "What Merqueo’s IPO Bid Tells Us About the Future of Delivery Apps")
What Merqueo’s IPO Bid Tells Us About the Future of Delivery Apps
Rapid delivery is one of the most in-demand services in the new economy, but the segment still faces the challenge of being profitable and stopping cash burn
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UJ53GXAVANFTFDCWVHQGLSDFNM.jpg "These Were the Biggest Investor Exit Deals in 2022 in Latin America")
These Were the Biggest Investor Exit Deals in 2022 in Latin America
According to TTR, Brazil led the region in both turnover and aggregate value of M&As year-to-date, which often generated liquidity to funds
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CNFUSVNAMRFNHC2V26MFGFAYQQ.jpg "Latin America’s Top Venture Capital Rounds to Startups in 2022")
Latin America’s Top Venture Capital Rounds to Startups in 2022
Puerto Rico’s EnergyX raised the most for privately held companies in the region, followed by Brazilian neobank Neon in its Series D round
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7JQZUT2GKNEJRIS76YONPHY7QQ.jpg "Rounds of the Last Week of 2022: The Coffee, Cromai, Kultua and More")
Rounds of the Last Week of 2022: The Coffee, Cromai, Kultua and More
Brazilian startups receive funding to start 2023 with cash on hand
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/RS2JPQ7XOZBVNL6NNSR45DXTKA.jpg "LatAm’s Merqueo Bucks Trend: Requests IPO, While Delivery Sector Loses Traction")
LatAm’s Merqueo Bucks Trend: Requests IPO, While Delivery Sector Loses Traction
Under a new CEO, Merqueo wants to hit Nasdaq at a time when its US peer, Instacart, has cut its valuation for the second time in the year
:quality(70):focal(2805x1435:2815x1445)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/63IWAWH5RBHCRFXTGNQR4CG3AM.jpg "The Lessons from Investors and Founders After the Squeeze on Startups in 2022")
The Lessons from Investors and Founders After the Squeeze on Startups in 2022
The year was marked by falling venture capital investments, layoffs, and lower valuations of some of the largest private equity firms
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/44THIUGTSJGRZGVCKBWE3K2ZBE.jpg "Brazil’s Former F1 Race Driver Rubens Barrichello Becomes A Startup Investor")
Brazil’s Former F1 Race Driver Rubens Barrichello Becomes A Startup Investor
The former Formula 1 driver has partnered with FTRM Group, the parent company of Futurum Capital, a venture developer for investment in early-stage startups
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/OJT3A3FGH5AOHAIOPJMDJJE6QU.jpg "Rounds of the Week: Aviva, Klubi and Jusfy Raise Funding")
Rounds of the Week: Aviva, Klubi and Jusfy Raise Funding
Despite being a year of falling venture capital investment, Latin American early-stage startups raised rounds this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VX63ULKE6BGGFIWI4MLH7PC754.jpg "LatAm-Focused Valor Capital Transfers Shares to StepStone, Invests In New Fund")
LatAm-Focused Valor Capital Transfers Shares to StepStone, Invests In New Fund
Valor has over $2 billion in assets under management and is closing two new funds: Valor Venture Fund 4 and Valor Opportunity Fund 2
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CKNV6SXZ4TKMIIJZEBQKUC7ZEY.jpg "NotCo Targets B2B Deals After Raising $70M In Series D Extension")
NotCo Targets B2B Deals After Raising $70M In Series D Extension
Jeff Bezos-backed Chilean startup NotCo raised a Series D extension that will help put the company in a comfortable cash position until its IPO in 2026
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DV4GBVODUBFU7KZYRGCQZ3VVIY.jpg "Rounds of the Week: Agritech Dominates Investment in Latin American Startups")
Rounds of the Week: Agritech Dominates Investment in Latin American Startups
Argentine company Kilimo, Chile’s WiseConn and Brazilian startup Seedz, all of which are dedicated to improving irrigation systems and raising agricultural yields, raised funds this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FDP5PMXKE5BNNPU7YU7SKIATEA.jpg "Brazilian Unicorn Loft Sheds 12% of Staff In Third Wave of Layoffs this Year")
Brazilian Unicorn Loft Sheds 12% of Staff In Third Wave of Layoffs this Year
The startup laid off about 312 employees on Wednesday, which it attributed to integration with acquired companies; and said in a statement that its products and services will not change
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/QU22XLMRC5FOVMYWCHNV4XIHHE.jpg "When the Going Gets Tough, We See Who’s a Real Investor, Endeavor Co-Founder Says")
When the Going Gets Tough, We See Who’s a Real Investor, Endeavor Co-Founder Says
In an interview with Bloomberg Línea, Endeavor’s co-founder Linda Rottenberg says that now the trend of ‘everybody being an investor’ is over
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/Z5JKDERVIJHH5D6ZTSWBQ5J5SY.jpg "Rounds of the Week: Piwi, Scaleup, Typcal, BioEsol and Smart Break Raise Funds")
Rounds of the Week: Piwi, Scaleup, Typcal, BioEsol and Smart Break Raise Funds
Bloomberg Línea rounds up the Latin American startups that received funding this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DCLYKAM3OJA6RGAX3QNZGQXQTY.jpg "Why Microsoft Is Making a Strategic Bet on Supply Chains")
Why Microsoft Is Making a Strategic Bet on Supply Chains
Charles Lamanna, corporate VP of applications and business platforms at Microsoft, talked to Bloomberg Línea about the tech giant’s new product
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/E4RUHOZ6OJBQNPQKSI5F4KUWUA.png "Pátria Investimentos Has a New VC Strategy Through Igah Ventures")
Pátria Investimentos Has a New VC Strategy Through Igah Ventures
With Igah, Pátria announces a new venture capital strategy for investments at all stages
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EKVR3AJ5BBHOVKVKRRZIICRMHE.jpg "Mexican Crypto Unicorn Bitso Cuts 25% of Staff After FTX Crash")
Mexican Crypto Unicorn Bitso Cuts 25% of Staff After FTX Crash
The Tiger Global-backed cryptocurrency exchange laid off 25% of its staff following the collapse of crypto exchange FTX
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PEX5QXVJFZDP7PDIHZ67QAT3LA.jpg "Brazilian Unicorn Loft Denies Receiving Down Round")
Brazilian Unicorn Loft Denies Receiving Down Round
The Brazilian proptech is said to have received a fresh injection of funding from Andreessen Horowitz, and which allegedly reduced its valuation by 65% to $1 billion
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SUJBYZGYNZCQFJFRXMZPUALXNQ.jpeg "Brazilian Unicorn Wildlife, a Tencent Wannabe, Slashes 20% of Staff")
Brazilian Unicorn Wildlife, a Tencent Wannabe, Slashes 20% of Staff
People familiar with the discussions told Bloomberg Línea the layoffs were not triggered by cash, as the company has money enough for eight years
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GMJXXKD2DFHEBJ3KVY2YTEI7ZI.jpg "Brazil’s PagSeguro Sees Revenues Rise 45% in Q3")
Brazil’s PagSeguro Sees Revenues Rise 45% in Q3
The fintech saw revenues climb to 4 billion reais ($746.3 million) in third quarter, an increase it attributes to focusing on larger customers and cost control
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/XUDTOGPSDFBLTABXXTKXPC2T5I.jpg "Rounds of the Week: Early-Stage Rounds Keep Pushing LatAm’s Startup Segment")
Rounds of the Week: Early-Stage Rounds Keep Pushing LatAm’s Startup Segment
Tul, Fácil Consulta, Trii, Trully were some of the Latin American startups that received funding this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/IEBKASI2XVETHNPTX5PHBL5ALQ.jpg "Airbnb Unveils New Tools to Attract Hosts, Sees Strength of Latin American Market")
Airbnb Unveils New Tools to Attract Hosts, Sees Strength of Latin American Market
In an interview with Bloomberg Línea, Airbnb’s co-founder Nathan Blecharczyk acknowledges the importance of the Brazilian and Mexican markets, with the company’s revenues in Latin America having grown by 33% in third quarter
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JC6FS3TAWRDVHEDQPM4PQNQBVE.jpg "US Companies Are Failing to Understand Latinos’ Needs, McKinsey Survey Shows")
US Companies Are Failing to Understand Latinos’ Needs, McKinsey Survey Shows
The survey finds that Latinos are neglected consumers in the US, and that the community has a significant level of dissatisfaction with the products marketed to them
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/A6KFBH36DZG7XGY4JYD2WHVHIM.jpg "Nubank Exceeds Expectations With $7.8M Q3 Net Profit As Loan Portfolio Swells")
Nubank Exceeds Expectations With $7.8M Q3 Net Profit As Loan Portfolio Swells
The neobank, which has notched up more than 70.4 million clients in Latin America, saw defaults rise during third quarter
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UEGAIQHTGZHMXGXYWJG7VALS7M.jpg "Two Years Since Launching, Pix is the Most-Used Payment Method in Brazil")
Two Years Since Launching, Pix is the Most-Used Payment Method in Brazil
In February of this year, Pix overtook credit card payments and became the main type of payment in the South American country
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DVZ3F2I2INZJE7FD5IXB743YK4.jpg "FTX Collapse Could Trigger ‘Domino Effect’ for Crypto Exchanges, LatAm Industry Experts Say")
FTX Collapse Could Trigger ‘Domino Effect’ for Crypto Exchanges, LatAm Industry Experts Say
Experts talk of ‘natural selection’ for crypto trading firms, in yet another chapter that could lead to investors fleeing risky assets
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MTMM7ZV32BEFXALBOSZBCYWMCQ.jpg "Rounds of the Week: N1co, Liti, Perfekto and Leapr Secure Funding")
Rounds of the Week: N1co, Liti, Perfekto and Leapr Secure Funding
Fintech, healthtech, foodtech and metaverse are the industries that raised seed-stage capital in Latin America this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BHRGUPU3BZFPTP25V765CYMMYE.jpg "After Losing $1 Trillion in Market Value, Amazon Unveils Robot for Packaging Tasks")
After Losing $1 Trillion in Market Value, Amazon Unveils Robot for Packaging Tasks
The e-commerce giant says it won’t disclose investments in its robotics division; Amazon Brazil said it has no intention to layoff executives and reduce its activities in the country
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LGUY4SRNLNFIHAHMYQVJ4CC6LA.jpg "Brazil’s XP Eyes Efficiency Drive After Doubling Headcount During the Pandemic")
Brazil’s XP Eyes Efficiency Drive After Doubling Headcount During the Pandemic
The Brazilian broker saw net inflows drop 7% year on year and by 19% compared with Q2, but sees its business as “resilient, no matter the macro conditions,” CFO Bruno Constantino says
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SW3FWSMAFMKZAL7IWO3V2WYZYM.jpg "As Polls Close in US Midterms, What’s the Outlook for Latinos and Latin America?")
As Polls Close in US Midterms, What’s the Outlook for Latinos and Latin America?
As the midterm elections conclude, what can Latin Americans and Latinos in the US expect from the newly elected House and Senate?
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SVLPVPDGTRDXFDYJ7UK7SZJ2KY.jpg "Twitter Layoffs: Uncertainty Persists at Platform’s Latin America Operations")
Twitter Layoffs: Uncertainty Persists at Platform’s Latin America Operations
The mass layoffs announced by Twitter last Friday also affected its main markets in Latin America: Brazil and Mexico, although it is not yet known how much
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/RZ7J63VFORAZDFLLDJIJC3N5DM.jpg "How US Midterm Elections Affect Latinos and Latin America")
How US Midterm Elections Affect Latinos and Latin America
Whether for Latin America as a region or for Latinos living in the US, the midterm elections could dictate new policies depending on which party is in charge
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/WC7A3MGLHBBEFA4L5KMNACOJJU.jpg "Rounds of the Week: Beep, Zerezes and Aerialoop Capture Capital")
Rounds of the Week: Beep, Zerezes and Aerialoop Capture Capital
This year looks set to be a record year for seed-stage investment in Latin America, as the amount invested outpaces that of 2021
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/S2VBAH3B6ZEMPE3NEDDRIJFL5E.png "Stone’s CEO, Board Member Swap Roles")
Stone’s CEO, Board Member Swap Roles
In a move to boost profitability, board member Pedro Zinner will take over as Stone’s CEO from Thiago Piau, who will join the Brazilian fintech’s board