Rounds of the Week: Energy, Retail and Finance Startups Receive Funding

GoTrendier, 77Sol, Quadrado Express, Proesc and Vermiculus are among the Latin American startups that raised this week

GoTrendier, 77Sol, Quadrado Express, Proesc and Vermiculus are among the startups that raised funds in Latin America this week.
March 17, 2023 | 04:39 PM

Bloomberg Línea — This week, startups in the real estate, energy, retail and finance sectors raised funding in Latin America:


Mexican e-commerce company GoTrendier received a Series B investment of $14 million from BID Invest, Creas Impacto and IDC Ventures, along with previous investors IGNIA, JME Ventures, Bonsai Partners and Pedralbes Partners.

With this capital, the company aims to strengthen its position in the used-clothing market. The company aims to total six million reused pieces in Mexico this year and reach 9.5 million users.


Brazil’s 77Sol, a hub of products and services for the solar energy sector, closed its second round of funding, of 14 million reais ($2.65 million), from EDP Brasil’s corporate venture capital, EDP Ventures, and Crescera Capital, a private equity and venture capital manager with approximately 6 billion reais under management.


“We want to increase the supply of solar energy through different products and innovative solutions, and the investment and partnership with 77Sol meet this,” said Carlos Andrade, vice president of clients and innovation at EDP Brasil, in a press release.

Quadrado Express

The startup of mini markets in condominiums and companies raised 1.1 million reais ($208,374) with the equity crowdfunding platform Captable, with 286 investors participated in the contribution.

Quadrado Express provides small markets in residential condominiums and businesses, where people shop autonomously and make their payment at an ATM.

PUBLICIDAD, a Brazilian edtech that develops management solutions for educational institutions, announced the completion of an 8-million-reais Pre-Series A investment led by SQUARE Knowledge Ventures, a Rio de Janeiro-based holding company for investment in technology for learning and school management.

It was the startup’s first external investment. The company said its software is present in five countries: Brazil, Angola, Mozambique, Portugal and Senegal, and that it already covers more than 1,500 school units.

Vermiculus Financial Technology

Although Vermiculus Financial Technology is a Swedish startup, the company is using capital from Brazil to grow. L4 Venture Builder, an independent fund created by Brazilian stock exchange B3 to seek business opportunities in the innovation and entrepreneurship ecosystem, announced its third investment action by leading a $5.5 million investment in Vermiculus Financial Technology.

Vermiculus is a technology provider to exchanges, clearing and settlement houses and central depositories around the world.


Also Read:

Exclusive: Meta’s Latest Layoffs to Include Staff In Argentina