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

Latin American startups receive capital at the start of the year.
January 13, 2023 | 03:09 PM

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Bloomberg Línea — In the first venture capital fundraising rounds of 2023, investors have written checks for technology companies in the healthcare, sustainability, and canteen software sectors. Bloomberg Línea rounds up who led and who received funding this week in Latin America:

Genial Care

Brazilian startup Genial Care received raised a $10 million round led by General Catalyst fund. Atlantico, Canary (which had previously invested in Genial), and individual investors also participated.

The company, which works with behavioral health for the care and evolution of autistic children and their families, said the money will be applied to technology in the application and ecosystem of products for clinical professionals, on the frontline of professional training, as well as for the expansion of corporate hiring.

Today the company has around 150 employees and plans to triple the number of its own clinics to total 12 by the end of 2023.

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Chilean startup BioElements, which produces sustainable packaging alternatives to conventional plastic, paper, and cardboard, has raised one of the largest rounds in the sector: $30 million in an investment led by BTG Pactual.

The capital will be used to expand regionally, reinforce its teams and strengthen its R&D sector.

The startup founded by José Ignacio Parada was launched in 2014 to become a sustainable alternative to packaging. After testing the market in its native Chile, it launched in the Peruvian and Mexican markets and recently in the Brazilian market. Parada told Bloomberg Línea that its resin material is endorsed by the National Autonomous University of Mexico (UNAM) and that its acceptance has allowed it, in addition to retail, to open up another business unit: industrial.

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Uruguayan startup OrderEat manages snack bars and canteens within educational institutions through software. The company created in 2019 raised $260,000 in the first days of January and plans to extend it to $500,000 after attracting the attention of venture capital.

From Uruguay, OrderEAT has already expanded to Argentina, Mexico and Paraguay.

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