Bloomberg Línea — Tech companies have caught the attention of venture investors in Latin America, operating in the IT, finance and health sectors.
Trinetix, an operator of a digital product platform from Ukraine, secured an investment of $10 million to boost its expansion into the Latin American market. The company will use the funds to open an office in Latin America and facilitate new acquisitions and strategic partnerships.
Mundi, a Mexican fintech for international trade, announced a Series A-2 investment round of $15 million, led by Haymaker Ventures. Union Square Ventures, which led the Series A in December 2021, participated, and was joined by GMO Ventures, Upper90, Colibri Ventures, Base10, Asymmetric Capital Partners, Gaingels, Mana Ventures, and GSBackers.
These are the companies that have raised funds in recent days:
Trinetix, a Ukrainian product development company, received $10 million from the investment fund Hypra, based in Kiev. With this fundraising, the company aims to accelerate its expansion in Latin America to enhance operations for its North American clients and increase its presence in the Latin American market.
With clients in the United States and Europe, Trinetix lists Coca-Cola, P&G, ExxonMobil, Credit Agricole, Dutchie, and McDonald’s among its customers and has positioned itself as a partner of a “Big Four” professional services company (referring to the four largest international accounting and consulting firms: Deloitte, PwC, EY, and KPMG).
Trinetix has not disclosed which Big Four company is its client. With the funds, the startup, founded in 2011, intends to hire in Latin America. Currently, the company’s 850 employees are spread across Ukraine, the European Union and the United States.
Captable, a crowdfunding platform for startup investment, recently announced the closing of healthtech Zenit’s funding round at $258,000, or $1.3 million in total. 244 investors participated in the equity crowdfunding round, including Oikos, a multifamily office from Distrito Federal, and Spalla Partners, an investment company led by former executives of Grupo RBS.
Zenit, based in Porto Alegre, will use the funds to expand digital health services in Brazil, investing 40% of the amount in new products and upselling. According to Fernando Teitelbaum, co-founder and COO of the startup, the remainder of the funds will be allocated equally for technology, market expansion, and B2B-focused investments.
Mundi, a Mexican fintech for international trade, announced its Series A-2 investment round of $15 million, led by Haymaker Ventures. The round also featured Union Square Ventures, which led the Series A in December 2021, as well as GMO Ventures, Upper90, Colibri Ventures, Base10, Asymmetric Capital Partners, Gaingels, Mana Ventures, and GSBackers.
The company stated its intention to use the funds to enhance the user experience for exporters, importers, and associated logistics companies, which can now offer integrated financial services.
“Nearshoring presents a powerful opportunity for the Mexican economy; the lack of access to high-quality financial products keeps SMEs out of the market. Mundi’s vertical approach removes entry barriers, enabling any business to engage in trade relations with the United States and the rest of the world by offering a range of services on a single technological platform,” said Olivia Baribeau of Haymaker Ventures in a press release.
Yooga, a management software for restaurants, received $2.3 million in a Seed round led by SaaSholic, with participation from Gilgamesh, Apex Partners, and Backfuture. The Brazilian startup, founded by Vinicius Melo, Victor Sortica, and Cassiano Fernandes in 2017, provides software for restaurants to manage kitchen orders, control cash flow, inventory, and deliveries. This model was also pursued in Brazil by ZAK, backed by Tiger Global, and became globally recognized through the startup Toast.