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

Argentine proptech Bricksave received a $6 million round in the first week of 2023.
By Yanin Alfaro (EN), Belén Escobar (EN) and Isabela Fleischmann (EN)
January 06, 2023 | 01:26 PM

Bloomberg Línea — Following a more difficult period for raising capital for startups in 2022, 2023 promises to be a year with continued uncertainty regarding the strength of the US recession and interest rates, but despite the adverse scenario, two Latin American startups secured financing rounds in the first week of the year.

Bricksave

Argentine company Bricksave, a real estate crowdfunding platform that allows users to invest from as little as $1,000 in properties in different regions of the world, received a $6 million investment round led by Graphene Ventures.

With more than 13,000 registered users and customers in 19 countries, the company has channeled real estate investments totaling $25 million through its platform, including more than $11.5 million in 2022.

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With this new capital injection, the company intends to launch and acquire properties in new markets, including Brazil, Switzerland, and possibly Saudi Arabia.

In April 2022, the company headed by Sofía Gancedo told Bloomberg Línea of its intention to raise a total of $8 million in its Series A round.

Hero Guest

Mexican startup Hero Guest, dedicated to training frontline workers with a focus on the restaurant and hospitality sectors, raised $2.3 million in its fourth investment round, led by MVS Group, Variv Capital, and Anderson Group’s fund.

The platform has already trained 70,000 employees in the hospitality and restaurant sectors, among others.

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Gabriel García, CEO of the startup, said the new money will be invested in the development of Hero Guest’s product and platform, as well as in restructuring the sales and marketing team.

Following this round, the startup will have a valuation of $8.8 million.

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