:quality(70)/s3.amazonaws.com/arc-authors/bloomberglinea/712d027e-8c90-4f19-9656-ed788cb4838a.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5ZHVECMHYFC3HDFPVE37ZYUWSM.jpg "SoftBank Eager to Keep Investing in LatAm, But Startups Are Delaying Fundraising")
SoftBank Eager to Keep Investing in LatAm, But Startups Are Delaying Fundraising
Rodrigo Costa, a partner at the investment bank, says he hopes to announce new investments soon
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7O3BYFY6YVH77H6VPJAQESRFRI.jpg "Rounds of the Week: Solfácil Secures $30M Series C Extension")
Rounds of the Week: Solfácil Secures $30M Series C Extension
Solfácil extended its Series C by $30 million, while startups such as Sugo Company, Heru and HelloSafe also raised rounds
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/R6SKGOYJHNDTHD7A2E4RBR6HQ4.jpg "Brazil’s Antitrust Watchdog Fines Naspers Over Delivery Hero Stake Purchase")
Brazil’s Antitrust Watchdog Fines Naspers Over Delivery Hero Stake Purchase
Naspers/Prosus, the investment holding that owns Movile and iFood, acquired a majority stake in the German delivery company in 2017
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VFJ3SFE6P5BGPPTZ45XZBLKOEI.jpg "Rappi Still Has an Appetite for an IPO, Member of Founding Team Says")
Rappi Still Has an Appetite for an IPO, Member of Founding Team Says
Andrés Bilbao says he still has hopes the Colombian unicorn will go public, has no plans to sell the company, and how startup founders need to “think big”
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/NF3HQCTKDJH3TGXIZHNITTM7EY.jpg "Why Has Kavak, Latin America’s Most Valuable Unicorn, Chosen the Debt Route?")
Why Has Kavak, Latin America’s Most Valuable Unicorn, Chosen the Debt Route?
The used-vehicle sales platform has signed loan agreements with HSBC, Goldman Sachs and Santander, which the startup says will be used to grow its inventory
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ZOO7C6P27JDQPB3OHZVFGPYPBM.jpg "Rounds of the Week: Vidia, Carvuk and DolarApp Raise Funds")
Rounds of the Week: Vidia, Carvuk and DolarApp Raise Funds
Early-stage Latin American startups remain attractive to hedge funds and angel investors
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ZIW7BLNU55AARG2HPM7I7OYRTI.JPG "Banks Want to Bet on Startups’ Debt, but Equity Investors May Be Wary")
Banks Want to Bet on Startups’ Debt, but Equity Investors May Be Wary
Itaú has $57 million to invest in venture debt for early-stage startups, but for General Atlantic, taking on debt requires caution
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/F4MWOB7J4VC4NDMLMX3OBOOFU4.jpg "Nubank to Delist from Brazil’s B3 Stock Exchange")
Nubank to Delist from Brazil’s B3 Stock Exchange
Shareholders may opt to migrate to receive either Level I BDRs or Class A shares on the New York Stock Exchange
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MARBWWQQJVCZNFG5CUVESCNEKA.JPG "EXCLUSIVE: Investors See End to IPO Drought in Brazil")
EXCLUSIVE: Investors See End to IPO Drought in Brazil
Directors at JP Morgan and General Atlantic are optimistic that, with falling inflation next year, and once the elections are behind us, there will be a revival of primary and secondary offerings
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/HLJHAMGDPVGVZC2KXRP2WDRKK4.jpg "Brazil’s Bravium Raises $19M from Bridge One in New Merger Structure")
Brazil’s Bravium Raises $19M from Bridge One in New Merger Structure
The B2B and B2C company is merging with Satelital and Atrus to grow commerce and loyalty programs in Latin America
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ALX5WV4H7BFBJNRP2CHQBYO7EU.jpg "Brazilian Former Central Bank Chief Invests in Gene Bank Startup")
Brazilian Former Central Bank Chief Invests in Gene Bank Startup
Armínio Fraga and Eduardo Mufarej, former CEO of Tarpon Investimentos, are putting $2 million into gen-t
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/S3JIUNCZKJDU5LZOVQ6L2SMYEU.jpg "Rounds of the Week: Healthtech, Foodtech and Fintech Capture Funds")
Rounds of the Week: Healthtech, Foodtech and Fintech Capture Funds
Latin American early-stage startups that received investments this week include Cuéntame, b4waste, Magis5, Credix, Draftea and Haro
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CHJZU2KHKNCTLDU4YD3QPEZUME.jpeg "Uber Founder Grows CloudKitchens in Brazil with Capital Boost from Microsoft")
Uber Founder Grows CloudKitchens in Brazil with Capital Boost from Microsoft
Travis Kalanick has expanded his US startup CloudKitchens by buying and installing ‘dark kitchens’ in Latin America over the past three years
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/4GIRWGYHYRBYFBCS2MOFCR5FTY.jpg "Former SoftBank COO Marcelo Claure Invests in Credix’s Series A")
Former SoftBank COO Marcelo Claure Invests in Credix’s Series A
Besides Claure, Itaú's president in Latin America, Ricardo Villela Marino, put his stake in the blockchain credit origination fintech
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/H6ZDWNCWM5HQLBOAMHRJYLGGDM.jpg "M&A Season: Semantix, Totvs, and Frete.com Go Shopping for Brazilian Startups")
M&A Season: Semantix, Totvs, and Frete.com Go Shopping for Brazilian Startups
The companies have bought startups Zetta, Feedz, and Rotas Brasil, from the health, HR, and transport sectors
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/L7AIXGEJMRDKVH2HZZZNLTH6OI.jpg "Impact for Latin America Unclear As SoftBank Plans Vision Fund Staff Cuts")
Impact for Latin America Unclear As SoftBank Plans Vision Fund Staff Cuts
The Vision Fund has around 500 staff, including in Latin America, but “nothing has been decided” about the impact on the region, the Japanese bank tells Bloomberg Línea
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/S7GY6XPIY5AEXALL6OQUXK6ZAE.jpeg "Brazil’s 2TM Cuts 15% of Staff, Blames ‘Unfair Competitive Environment’")
Brazil’s 2TM Cuts 15% of Staff, Blames ‘Unfair Competitive Environment’
The cryptocurrency exchange from unicorn group 2TM said “adversity in the economy” and an “unfair competitive environment” prompted the layoffs
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EXLQAO7LGVFRBPT7V4XTQ4KDBM.jpg "Former Hash COO Launches Financial Infrastructure Startup Fiinco")
Former Hash COO Launches Financial Infrastructure Startup Fiinco
Ademar Proença’s new venture aims to give companies access to financial services
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PGCS4WCR4RDDPGQLY6WETBPEIY.png "Brazilian Corporate Benefits Startup Caju Captures $25M in Series B")
Brazilian Corporate Benefits Startup Caju Captures $25M in Series B
Even in an adverse moment for startups, Caju said its valuation has increased over its Series A
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FDP5PMXKE5BNNPU7YU7SKIATEA.jpg "After Merging Casai and Nomah in Brazil, Loft Opens Shop in Mexico With its Own Name")
After Merging Casai and Nomah in Brazil, Loft Opens Shop in Mexico With its Own Name
The company already had a presence in the country since acquiring local startup TrueHome in October 2021, and which will now be called Loft Mexico
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/AHL3XTR5KNFFZFHPOQTCPCMXOM.png "QuintoAndar to Allow Owners to Negotiate Directly with Tenants")
QuintoAndar to Allow Owners to Negotiate Directly with Tenants
According to Caio Oliveira, QuintoAndar’s product director, the new feature meets demand from users of the platform who want hands-on management
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TK7AGIIEFRCTZPR7MIQFQZOMFU.jpg "Snap and Facebook Join List of Companies Cutting Talent As Payrolls Eat into Profits")
Snap and Facebook Join List of Companies Cutting Talent As Payrolls Eat into Profits
Tech companies laying off staff and freezing hiring is a result of inflation and the need to increase employee pay, according to Seth Ravin, CEO of software provider Rimini Street
Inspired By Brazil’s Pix, Federal Reserve Reportedly Plans Similar Payments Model
US central bank plans to launch ‘FedNow’ in 2023, an instant payments model similar to Brazil’s Pix
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/I5CFQXKILZHBBO5LZE3BU35F2M.jpg "Pix-Based Fintech Pagaleve is Salesforce Ventures’ First Investment in Brazil")
Pix-Based Fintech Pagaleve is Salesforce Ventures’ First Investment in Brazil
Pagaleve raised $25M in a Series A led by Salesforce’s venture capital arm, in addition to an undisclosed amount of debt
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/OMQ5FOCPXRDR3KUFAPZLO4EFD4.jpg "Brazil Moving Toward ‘Tokenization’ of the Economy, Central Bank Chief Says")
Brazil Moving Toward ‘Tokenization’ of the Economy, Central Bank Chief Says
According to the central bank’s schedule, September will see the start of the execution of its digital currency projects, to be concluded early next year
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/IPHWXXEM6FCZZILN35SBZ2WKTA.jpg "LatAm Seed and Early-Stage Startup Investment Maintain Upward Trend")
LatAm Seed and Early-Stage Startup Investment Maintain Upward Trend
One of the reasons why valuations haven’t dropped as much for early-stage in Latin America may be to do with large-growth investment firms going early-stage, according to Carolina Strobel, a partner at Redpoint Eventures and Antler
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7VAIK5A2JVHEPGFGQFF2JWKCKM.jpg "Investor Advises Founders to Hold Capital in Uncertain Times")
Investor Advises Founders to Hold Capital in Uncertain Times
In 2020, Advent raised $2 billion for its seventh fund dedicated to Latin America, and this year raised $25 billion for its second-largest global fund
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LGURWSUEUZAPXNV2SJLC6VZZXA.jpg "Rounds of the Week: Monashees Leads Investments, Says Companies Have 2-Year Runway")
Rounds of the Week: Monashees Leads Investments, Says Companies Have 2-Year Runway
LAVCA data shows that the number of seed and early-stage investment in Latin America grew in the first half of 2022
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/WOV6ZLV4I5EZ7NWJE6LQTJPHRA.jpg "Why Rappi and iFood Are Selling World Cup Stickers in Brazil")
Why Rappi and iFood Are Selling World Cup Stickers in Brazil
Delivery apps are offering fast sticker delivery in Brazil; Rappi is considering enabling sticker ‘trading’ through the platform
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/SSAA6BKRAFBUBFXL4M2LPR33U4.jpg "Rappi Mafia: Sao Paulo-Based Colombian Woman Raises $6.7M Pre-seed Round in LatAm")
Rappi Mafia: Sao Paulo-Based Colombian Woman Raises $6.7M Pre-seed Round in LatAm
Former Rappi, Paola Neira is the founder of Latú, an insurance startup for businesses that has raised $6.7 million
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CHYFLH3RJ5BUNDNW2EKDPNO3JA.jpg "Brazilian Unicorn MadeiraMadeira Makes Third Acquisition With Casatema Buyout")
Brazilian Unicorn MadeiraMadeira Makes Third Acquisition With Casatema Buyout
The SoftBank-backed marketplace has bought Casatema, which designs and sells children’s furniture
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FVEZBSNAZFCXDLITFQUORS6MTY.jpg "Rounds of the Week: Fintech Sector Continues to Dominate Early-Stage Funding")
Rounds of the Week: Fintech Sector Continues to Dominate Early-Stage Funding
Argentine, Chilean and Brazilian fintech companies were among the recipients of capital in Latin America this week
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/726PO3S6D5EADDQNQUM6TIZEII.jpg "iFood Hits $5.4B Valuation, Surpasses Colombian Rival Rappi")
iFood Hits $5.4B Valuation, Surpasses Colombian Rival Rappi
The Brazilian delivery company has become Brazil’s most valuable startup and the second most valuable in Latin America
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DM6ZYUE22RC7LLKRV2RNZOILT4.png "Loft Finds New Home for Nomah in Merger With Casai")
Loft Finds New Home for Nomah in Merger With Casai
Loft and Nomah’s current investors, Andreessen Horowitz and Monashees, are putting money into the resulting company
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/Y37TNIEBBBDBREMA45IMP2U3PI.jpg "MercadoLibre Launches MercadoCoin, Adds Crypto to Its Loyalty Programs")
MercadoLibre Launches MercadoCoin, Adds Crypto to Its Loyalty Programs
The cryptocurrency starts off worth 10 cents on the dollar and will then be subject to market fluctuations
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JKMWHFKYORAJXLSJSI2FYLXXUE.png "Entrepreneurs Must ‘Normalize Uncertainty’ in Times of Crisis, Gympass CEO Says")
Entrepreneurs Must ‘Normalize Uncertainty’ in Times of Crisis, Gympass CEO Says
Cesar Carvalho reveals how he saved his billion-dollar business during the pandemic, and how teamwork is key in a crisis
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/JEKNINKCFNEOHK2WY6SVIFHE3I.jpg "VC Investment in Latin America Falls 19% in First-Half")
VC Investment in Latin America Falls 19% in First-Half
LAVCA data shows that Latin America received $5.4 billion in 541 rounds in the first half of 2022
:quality(70):focal(3348x994:3358x1004)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/C2VZ2KIMRRCJROGFWMJMTKK4SE.jpg "General Atlantic’s Escobari: ‘We Are Not Yet at the Darkest Moment of the Night’")
General Atlantic’s Escobari: ‘We Are Not Yet at the Darkest Moment of the Night’
Co-chairman of growth equity giant believes the US is heading for a recession, and says entrepreneurs should prepare for the worst
:quality(70):focal(1352x1235:1362x1245)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/T32OZZ42VVEQ7CISCZ7VL4QGRE.jpg "Nubank Praises Pix’s Boom, Predicts it Will Replace Debit and Credit Cards in Brazil")
Nubank Praises Pix’s Boom, Predicts it Will Replace Debit and Credit Cards in Brazil
Credit cards are like Netflix’s original business of sending physical DVD’s to people’s homes; Pix is the new digital future, says Nubank’s CFO Guilherme Lago
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GFQ4WMSIWZBY5AMI4G7YRX3ZAA.jpeg "Nubank Makes Management Changes, Youssef Lahrech Named New President")
Nubank Makes Management Changes, Youssef Lahrech Named New President
The Brazilian fintech reported revenues and profit above market expectations in second quarter, while Cristina Junqueira, CEO in Brazil, will also take on the role of Chief Growth Officer
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TEIGNA6SZBDYVPN54Q75V2KX4A.jpg "Why Is Marc Andreessen Backing WeWork’s Founder Adam Neumann?")
Why Is Marc Andreessen Backing WeWork’s Founder Adam Neumann?
Neumann’s new endeavor, Flow, seeks to solve the US housing crisis through the community concept WeWork was based on
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CDEEXHPTVVHXDI4BADSFZJPUMY.jpg "Rafael Forte Says Vtex Is No Longer a Unicorn, Prefers Good Quarterly Results")
Rafael Forte Says Vtex Is No Longer a Unicorn, Prefers Good Quarterly Results
In quarterly results, the company reported GMV and revenue growth. But not even the lower loss reflected on the company’s market cap
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YK3FQH6JOFHPPLDJO3T3RKDYQY.jpg "Glass Half-Full: VC Funds Keep Raising From LPs to Invest in LatAm")
Glass Half-Full: VC Funds Keep Raising From LPs to Invest in LatAm
At Kaszek and Monashees, most of the family offices are global investors who ‘understand the cycle’
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MTMM7ZV32BEFXALBOSZBCYWMCQ.jpg "Brazilian Klavi Series A and More Rounds of the Week in LatAm")
Brazilian Klavi Series A and More Rounds of the Week in LatAm
Chile's Reversso is among the startups that received capital in Latin America to grow
VCs Advise Startups Running Out of Cash: Try in the M&A Markets
Startups that run out of cash seek means to survive and M&A is option advised by VCs
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YTDWUDKCKAQDJ6NLDHV7ZNBV7M.jpg "Brazil’s Central Bank President Sees Room for Pix Expansion in Latin America")
Brazil’s Central Bank President Sees Room for Pix Expansion in Latin America
Roberto Campos Neto says he will meet Colombian central bank to teach how Brazil made an instant payments system
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LGUY4SRNLNFIHAHMYQVJ4CC6LA.jpg "Brazil’s XP Beats Bear Market and Hits Record Revenue in Q2")
Brazil’s XP Beats Bear Market and Hits Record Revenue in Q2
The brokerage had revenues of R$3.6 billion; CFO Bruno Constantino says XP wants to buy company’s shares owned by Itaú
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5QQZKHRFFVBVRI35MRPM2XQKGY.jpg "Data Security Is the Big Challenge for Fintechs: Bradesco CEO")
Data Security Is the Big Challenge for Fintechs: Bradesco CEO
Octavio de Lazari says incumbent banks must partner with new players to keep in the game
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/WNT44M6YOVG75LXH43LJACYIR4.jpg "Serena Williams Wants to Bring Her Passion for Seed Investing to LatAm")
Serena Williams Wants to Bring Her Passion for Seed Investing to LatAm
Williams says women naturally come to Serena Ventures because they feel like having a chance for them to be heard and seen
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/3IL3NUK67NCGBKBN2QMVPEPGOM.jpg "Brazil’s Loggi Switches CEO, Lays Off 15% Of Staff Citing ‘Operational Efficiency’")
Brazil’s Loggi Switches CEO, Lays Off 15% Of Staff Citing ‘Operational Efficiency’
Fabien Mendez is stepping down as CEO of Brazilian unicorn Loggi, with CFO Thibaud Lecuyer to take over the top role