Tech & Funding

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English version

Mexico’s Auronix Lands $14.5M Structured Loan from Alloy Capital

The conversational commerce startup aims to use the capital injection to achieve sustained growth and profitability

Startups

Rounds of the Week: Fintech Sector Continues to Dominate Early-Stage Funding

Argentine, Chilean and Brazilian fintech companies were among the recipients of capital in Latin America this week

English version

VC Funds Focusing More on Seasoned Founders than First-Time Entrepreneurs: Report

In turbulent times, funding is being channeled to fewer startups in Latin America, with funds prioritizing experienced entrepreneurs, according to a LAVCA report

English version

VC Investment in Latin America Falls 19% in First-Half

LAVCA data shows that Latin America received $5.4 billion in 541 rounds in the first half of 2022

Startups

Brazilian Klavi Series A and More Rounds of the Week in LatAm

Chile's Reversso is among the startups that received capital in Latin America to grow

English version

L’Attitude Ventures Wields $100M to Invest in Latino Entrepreneurs in the US

The venture capital fund aims to invest from $250.000 up to several million dollars in high-potential startups founded by Latinos

English version

Uruguayan Startup Founders Launch Platform to Nurture New Businesses

Ariel Burschtin and Álvaro García, co-founders of PedidosYa, have launched Orok Ventures, with which they are seeking to give a boost to more startups in the region

English version

Mexican Proptech DD360 Lands $91M Capital Injection

The funds will be used to help the company accelerate the granting of credit for residential property developers, scale its individual credit offerings and increase investment in technology

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Startups

Serena Williams Wants to Bring Her Passion for Seed Investing to LatAm

Williams says women naturally come to Serena Ventures because they feel like having a chance for them to be heard and seen

Startups

Mexican Unicorn Clara Lands $150M Goldman Sachs Credit Line

The fintech will use the cash to weather the crisis while strengthening its finance team with a focus on mitigating risk

Startups

NG.CASH, Ruuf, Lumu Among Startups that Got Capital this Week in LatAm

Despite the crisis, venture capital bets on Latin American startups. This week industries such as mental health, beauty, and cybersecurity raised early stages of investment

English version

Argentina’s Geopagos Nets $35M in Round Led By Riverwood Capital

The 9-year-old company seeks to accelerate access to digital payments in Latin America, and wil use the new funds to strengthen its entry into Brazil, the company’s CEO Sebastián Núñez tells Bloomberg Línea

English version

Puerto Rican Insurance Startup Raincoat Raises $4.5M Seed Round

The company, which offers insurance against natural disasters, was founded on an island lying in the path of hurricanes

Startups

Rounds of the Week: FinanZero and Hitch Raise Capital in LatAm

A fintech and an HR tech raised capital to accelerate their businesses in Brazil and Mexico

Startups

Rounds of the Week: Generation Z Startups Raise Seed Capital

Early stage startups are the most countercyclical and will not suffer the effects of the venture capital crisis, experts say.

Startups

Law Firm Warns LatAm Startups: Don’t Count the VC Money Until Cashing the Check

Gunderson Dettmer, an international law firm focused on startups, is opening an office in São Paulo, its third outside the United States

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Startups

Rounds of the Week: From a New Unicorn to Early-Stage Funding in LatAm

The semi-annual Transactional Track Record (TTR) report reveals that Brazil and Mexico had an increase in their investment rounds of 15% and 9%, respectively.

Startups

Mexican Fintech Stori Extends Series C, Achieves Unicorn Status

The credit card venture has achieved a valuation of $1.2 billion after extending its Series C with $150 million led by BAI Capital, GIC and GGV Capital

English version

The 10 Latin American Startups that Received the Most Capital in First Half of 2022

In the first six months of the year, before the macroeconomic crisis kicked in, there were rounds totaling more than $90 million in the region

Startups

Rounds of the Week: Brazilian Startups Continue to Capture Funding

The volume invested in Brazilian early-stage startups grew in the first half of 2022, according to a report by Distrito

Startups

Creditas Expands its F Series, Keeps Valuation, Buys Bank in Brazil

In an interview with Bloomberg Línea, Creditas CEO and founder Sergio Furio said that the unicorn will not become a bank, but will use Andbank to raise capital markets

Startups

Rounds of the Week: Startups, Funds and Sectors Where Money Moved in Latin America

LAVCA partial figures show that Latin America has already surpassed $2 billion investment during the second quarter of 2022

Startups

Brazil Motorbike Rental Startup Attracts Hedge Funds, Raises $40M

Mottu received $30 million in an equity round with participation from Tiger and $10 million in debt from Luis Stuhlberger’s Verde Asset

English version

Why Latin America’s Startup Sphere Still Inspires Investor Optimism

Companies in the region received record investment in first quarter, and the Association for Private Capital Investment in Latin America is optimistic of continued growth and resilience

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Startups

68% of VC Funds Suffer Drop in Value During First Quarter

So far this year, venture capital funds worldwide have seen an average 7.8% drop in value, according to a Pitchbook analysis

Startups

Rounds of the Week: Around, Eva Center and Lemon Energia Secure Funding

Even though the region saw some late-stage movements this week, earlier rounds gathered more deals

Tech & Funding

Brazilian Surfing Champion Gabriel Medina Launches Venture Capital Firm

Rather than just being a guest investor in a consolidated firm, Medina opted to lead a new fund to focus on web3, crypto, NFT and metaverse

Startups

Latin American Unicorns Are Valued Way Above their Revenue Levels: Report

Unicorns in the region represent just 3% of the companies that have raised capital, compared to 51% in the US and 17% in China

Startups

Endeavor Predicts Startups in LatAm Will Receive Fewer Rounds Above $50M in 2022

In the last year, 79% of venture capital committed in Latin America was part of rounds of more than US$50 million; four times more than in 2020. However, with the current crisis, capital might flow more cautiously

English version

Costa Rica Launches 2 Venture Capital Funds for SMEs

The two funds will invest up to $400 million in local startups

English version

Mexico’s Jüsto Prioritizes Profitability Over Unicorn Status

The online supermarket has raised more than $250 million and is seen by some as becoming Mexico’s next unicorn, but its founder and CEO Ricardo Weder tells Bloomberg Línea that he is in no hurry

Startups

Less is More: Value of VC Investments in Latin America Drops, Number of Deals Rises

Startups in diverse sectors in the region expect the availability of funds to become more scarce in the second half of the year amid the ‘new reality’

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Tech & Funding

Rounds of the Week: Zippi, Minds, Paisa and Cluvi Raise Capital

This week venture capital investments included companies at all stages of development, while Ecuador saw the emergence of its first unicorn

English version

Investor Appetite for Colombian Foodtechs Continues Despite Downturn

Amid the crisis that has hit many startups in Latin America, capital continues to flow into Colombian foodtech, with Cluvi and RobinFood among those raising financing rounds

English version

Kushki Becomes Ecuador’s First Unicorn

The fintech specialized in digital payments, aimed at democratizing the movement of money in the region, has achieved a valuation above $1 billion

Startups

Edtech, Foodtech, Fintech, the Main Sectors for Funding in LatAm this Week

Entrepreneurs in Latin America managed to raise funds amid the downturn: two of the funded startups in the region are edtechs

Tech & Funding

Bolivia’s Fintech Koban Raises $2.3M, the Largest Pre-Seed in the Country

This funding will allow the startup to accelerate key hires, increase tech stack and product development, and expedite its marketing and launch strategy in its original market

Startups

Early-Stage Rounds of the Week: Cicada, Pandas and Nuqlea Bag Funding

Bloomberg Línea spoke to startups that have managed to capture their first checks in Latin America this week against a challenging economic backdrop

Startups

Nowports Becomes Mexico’s Newest Unicorn With Softbank-Led Series C Round

The logistics company founded by Mexican Alfonso de los Ríos and Uruguayan Maximiliano Casal now has a valuation of $1.1 billion

Startups

Big Firms Approach Latin American Startups for Acquisitions and Corporate VC

Two international software companies bought Peruvian and Brazilian startups Mandu and Everflow this week

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English version

VC Funds, Unicorns Remain Optimistic About Latin America Despite Economic Crisis

While the effects of the crisis will not be immediately felt, unicorns such as dLocal and Kavak are upbeat about their growth prospects, while investors say they will continue to deploy capital in the region

Startups

Rounds of the Week: Early-Stage Startups Net Funding in Brazil, Mexico and Peru

Venture capital funds invested in Latin American startups with health tech, energy, and proptech startups this week

Tech & Funding

Is it the End of the Road for Latin American SPACs?

Special-purpose acquisition companies, which created some of the world’s biggest new fortunes, are also responsible for one of the biggest wealth implosions

Startups

Nomad, a US Fintech for Brazilian Users, Raises $32M

Just six months after the last fundraising, the neobank received new investment and aims to reach 1 million users

Tech & Funding

Argentine Crypto Wallet Belo Among the LatAm Startups that Received Funding this Week

It was not a good week for cryptocurrencies, but Belo shows it has market potential. Here is a roundup of this week’s funding rounds across the region

News in English

Nubank Offers Bitcoin, Ether Trading to Customers

Nubank’s more than 50 million customers are now able to trade Bitcoin and Ethereum, creating more financial inclusion

Startups

Colombian Proptech Habi Becomes Country’s Second Unicorn, LatAm’s 43rd

In a series C round, investors including SoftBank, Homebrew, Tiger Global and Inspired Capital contributed $200 million to the new $1- billion-valued startup as Latin America’s family of unicorns keeps growing

News in English

Private Equity Still Has Faith In Chile, But Outlook Cloudier In Colombia, LAVCA Says

Despite the region’s political challenges, the outlook for investment is still vibrant, the Association for Private Capital Investment in Latin America’s director Ángela María Tafur says

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