Tech & Funding
English
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
English
Life After SoftBank: Claure, Passoni, Nyatta Plan to Team Up In a New Fund
Bloomberg Línea has learned that the three former executives intend to work together again for Bicycle Capital after the non-compete agreement with SoftBank ends
English
Brazilian Startups, Founders Face Difficulties Recovering SVB Money
Transfers of the total amounts held in the US bank under FDIC receivership have been made only to companies with US accounts, sources say
English
Brazilian Startup Founder Describes ‘Most Chaotic Day of My Life’ as SVB Collapses
Alexandre Maluli, CEO of Zazos, withdrew more than 1 million reais from Silicon Valley Bank hours before it collapsed
English
Rounds of the Week: Argentina’s Michroma, Brazil’s Barte Raise Funds
Argentine biotech startup Michroma and Brazilian fintech Barte raised millions in an intense week for the startup ecosystem
Brazil News
Brazilian Startups Rush to Withdraw Hundreds of Millions of Dollars from SVB
Brazilian founders are seeking to secure access to funds over fears that the US bank will suspend redemptions, sources tell Bloomberg Línea
SoftBank Says It Will Reinvest in LatAm Portfolio Firms for M&A Funding
The idea is to dedicate about 50% of its capital investments to those companies in the next 12 to 18 months, up from 10% in recent years
More News
English
Why We May Not See More Latin American Tech Companies Go Public this Year
Colombia’s Merqueo has begun proceedings before the SEC to launch an IPO, as the latest tech company from the region venturing into the NYSE, but going public may not always be the right path for a startup
Tech & Funding
Nubank Secures $150M Credit Line With Second Loan Since April
The loan from the IFC, the financial arm of the World Bank, the second credit line for the fintech since April, will be used for expansion in Latin America
Startups
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
Startups
Proptech Unicorn Habi Raises $6.3 Million to Improve Operations, Portfolio
The Colombian startup wants to embrace global standards for public companies. This year it will allocate more than $250 million to purchase residential properties
Startups
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
Linea Latina
Bank of America Gives $100M to Mendoza Ventures to Back Minority-Owned Startups in US
Following the murder of George Floyd in 2020 and a rise in hate crimes against Asian-Americans, Bank of America pledged $1.25 billion toward advancing racial equality and economic opportunity
English
Brazilian Startup The Coffee Hits $45M Valuation, Aims to Seduce Starbucks Customers
The Brazilian startup that provides technology for cashier-free payment at coffee shops has raised $7.5 million in a round led by Monashees and CapSur Capital
English
What Merqueo’s IPO Bid Tells Us About the Future of Delivery Apps
Rapid delivery is one of the most in-demand services in the new economy, but the segment still faces the challenge of being profitable and stopping cash burn
Startups
Rounds of the Week: Aviva, Klubi and Jusfy Raise Funding
Despite being a year of falling venture capital investment, Latin American early-stage startups raised rounds this week
News in English
Venture Capital In 2023: What LatAm Startups Can Expect, According to Investors
The fundraising market is cooling and has yet to hit bottom, but a recovery could come in the second half of next year, investors say
News in English
Latin American Startups Take On Record Debt In 2022 Amid Dearth of VC Funding
$1.3 billion in debt was disbursed in Latin America in 2022, breaking the previous record of $823 million in 2021
News in English
LatAm-Focused Valor Capital Transfers Shares to StepStone, Invests In New Fund
Valor has over $2 billion in assets under management and is closing two new funds: Valor Venture Fund 4 and Valor Opportunity Fund 2
News in English
Mexico’s Aviva Raises $2.2M In Pre-Seed Round, One of Year’s Largest In LatAm
The fintech launched by former executives at Citi, Scotiabank and Konfío say Wollef, Newtopia, Seedstars, 500 Startups and Xtraordinary VP participated in the financing round
News in English
Seed Capital Availability in LatAm Could Make 2023 a Good Year to Start a Business
Bloomberg Línea looks at which sectors are the most attractive in which to launch a startup in Latin America next year
News in English
Venture Capital for Latin American Unicorns Dries Up
The slowdown in venture capital investment follows the global trend and is on track to see the sharpest decline in two decades
Startups
Rounds of the Week: Healthcare and AI Capture Funds Despite Decline In VC Outlay
Startups Welbe, Kuona, Cowmed, Inklo and Nomo garnered investments in Latin America this week
News in English
Venture Capital Investment in Latin America Continues to Decline
Transactional Track Record’s latest report points to a 5% drop in the number of transactions to November in comparison with last year
News in English
NotCo Targets B2B Deals After Raising $70M In Series D Extension
Jeff Bezos-backed Chilean startup NotCo raised a Series D extension that will help put the company in a comfortable cash position until its IPO in 2026
News in English
Rounds of the Week: Agritech Dominates Investment in Latin American Startups
Argentine company Kilimo, Chile’s WiseConn and Brazilian startup Seedz, all of which are dedicated to improving irrigation systems and raising agricultural yields, raised funds this week
News in English
When the Going Gets Tough, We See Who’s a Real Investor, Endeavor Co-Founder Says
In an interview with Bloomberg Línea, Endeavor’s co-founder Linda Rottenberg says that now the trend of ‘everybody being an investor’ is over
News in English
Investment in LatAm Seed-Stage Startups Will Flow Despite Recession, Magical CEO Says
Juan Orlandi, CEO of accelerator Magical says early-stage startups remain strong, whether or not a recession rolls in next year
News in English
Rounds of the Week: Piwi, Scaleup, Typcal, BioEsol and Smart Break Raise Funds
Bloomberg Línea rounds up the Latin American startups that received funding this week
News in English
Why Microsoft Is Making a Strategic Bet on Supply Chains
Charles Lamanna, corporate VP of applications and business platforms at Microsoft, talked to Bloomberg Línea about the tech giant’s new product
News in English
Brazilian Unicorn Loft Denies Receiving Down Round
The Brazilian proptech is said to have received a fresh injection of funding from Andreessen Horowitz, and which allegedly reduced its valuation by 65% to $1 billion
Startups
Rounds of the Week: Talently, Flourish and Klavi Raise Funds
While late-stage enterprises are struggling with valuations and a shortage of capital, early-stage startups continue to capture investment
News in English
Ripio Lands in the US, Aims to Lure Latinos
The Argentine crypto exchange admits that the 'crypto winter' will last a while, but believes it has the tools to continue growing despite the headwinds
News in English
Exclusive: Argentina’s Lemon Cash Received Investment From Failed Crypto Exchange FTX
The crypto exchange that filed for bankruptcy in the US participated in an extension of the Argentine company’s Series A round, and Lemon Cash in turn invested in FTX, the fintech’s CEO Marcelo Cavazzoli has confirmed to Bloomberg Línea
Startups
Rounds of the Week: Early-Stage Rounds Keep Pushing LatAm’s Startup Segment
Tul, Fácil Consulta, Trii, Trully were some of the Latin American startups that received funding this week
News in English
Two Years Since Launching, Pix is the Most-Used Payment Method in Brazil
In February of this year, Pix overtook credit card payments and became the main type of payment in the South American country
News in English
Fintechs in Dominican Republic Set for Strong Growth, Seek to Create Regional Hub
Fintechs are behind the big strides in digitalization services being taken by the country’s banking sector
Startups
Rounds of the Week: N1co, Liti, Perfekto and Leapr Secure Funding
Fintech, healthtech, foodtech and metaverse are the industries that raised seed-stage capital in Latin America this week
News in English
LatAm Software, Payments Startups a Good Investment Option, dLocal’s Sergio Fogel Says
The co-founder of Uruguayan fintech unicorn dLocal sees opportunities to invest in Latin American startups providing business software and payments services even as capital becomes scarcer and more demanding
Startups
Rounds of the Week: Beep, Zerezes and Aerialoop Capture Capital
This year looks set to be a record year for seed-stage investment in Latin America, as the amount invested outpaces that of 2021
News in English
How a Quarter Bereft of Unicorns Bodes Badly for Latin American Startups
There are 47 “soonicorns” in the region that are awaiting more funding rounds to reach unicorn status
News in English
Brazil’s Origami Nails $30M Valuation With Bloomberg Beta-Led Seed Round
Rio de Janeiro-based co-founder Matt Voska says Origami wants to be the Y Combinator of decentralized autonomous organizations
News in English
Rounds of the Week: Franq, Faster, Vixtra and Nopalera Raise Funds
After a record 2021, venture capital investment in Latin America is “returning to pre-pandemic levels,” according to LAVCA
Startups
Brazilian Beef Giant Minerva’s VC Arm Extends Startup Liv Up’s Series D
On reopening the latest round for Minerva’s minority check, the total raised by the frozen food startup was about $48 million
Startups
Rounds of the Week: Kukun, Lara AI and Traive Among LatAm Startups to Raise Funds
Brazil and Mexico continue to attract more capital in the region, according to the latest report from Transactional Track Record
Startups
Artificial Intelligence Enters the Mainstream as More AI Startups Become Unicorns
Coatue invested in two newly minted AI unicorns this week: Stability AI, which makes digital art, and Jasper, which provides content through robots
Startups
India-based Startup Byju’s Raises $250M Following Losses, Layoffs
New capital injection aims to help India’s most valuable startup become profitable by March 2023 following financial losses and layoffs
Startups
Latin American Startups Face Risk of Unsustainable Valuations As Funds Get Tight
Analysts consulted by Bloomberg Línea foresee a drop in the rate of investment in startups in the region, but which is expected to bounce back when the capital markets recover
Startups
Rounds of the Week: VC Funding in Latin America Falls for Fifth Straight Quarter
Latin American startups received $1.1 billion in the third quarter; this week Arch, Zulu, Fidu, and Vozy raised rounds
News in English
Colombia’s Foodology Raises $50M With Funds from Maluma, Abu Dhabi’s Chimera
With around $185.4 million raised in recent years, foodtech is emerging as one of the most dynamic startup segments in Colombia
News in English
Rounds of the Week: Tipspace, Minteo and Solvento Secure Investment
Latin American startups in the gaming, NFT and fintech for logistics sectors raised their first millions this week
Startups
Rounds of the Week: Funding Still Flowing into Latin American Startups
Brazilian startups Ali and Cortex raised funds this week, with a Series A and a Series C
Startups
SoftBank Axes 18% of Vision Fund Staff in Latin America
Junior investors and staff from the operations team are being affected by the Japanese conglomerate’s cost-cutting policy in Latin America
English version
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
English version
Why Are Latin American Unicorns Opting for Debt Over Venture Capital?
Clara, Clip, Kavak and Konfio are some of the billion-dollar companies that have resorted to contracting debt to spur their growth