Tech & Funding

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Colombia’s Rappi Refutes Rumors of Sale to DoorDash, Focuses on Profitability

Rounds of the Week: Juvo, Yave and Transfeera Secure Funds

Brazil’s Lemann, Fellow Billionaires Worth $123 Billion Buy Stake In Kushner’s Thrive

Colombian Startup KLYM Raises $27M, Targets Latin America Expansion

Spanish Edtech Unicorn Domestika Downsizes Latin America Operations

Mexican Internet Association Names New Leadership Amidst Reports of Bad Management

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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

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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

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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

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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

English version

Rounds of the Week: Solfácil Secures $30M Series C Extension

Solfácil extended its Series C by $30 million, while startups such as Sugo Company, Heru and HelloSafe also raised rounds

English version

Why Has Kavak, Latin America’s Most Valuable Unicorn, Chosen the Debt Route?

The used-vehicle sales platform has signed loan agreements with HSBC, Goldman Sachs and Santander, which the startup says will be used to grow its inventory

Startups

Rounds of the Week: Vidia, Carvuk and DolarApp Raise Funds

Early-stage Latin American startups remain attractive to hedge funds and angel investors

English version

Mobile Banking Startup Majority, Serving Immigrants in US, Closes $37.5M Series B

The financing comes just nine months after the company’s Series A, bringing total capital raised so far to $83.5 million

English version

Wall Street Firms Boost Lending to Latin America Startups

Banks including Goldman Sachs Group Inc. and Citigroup Inc. are stepping in with loans as Latin American startups face shrinking public valuations that make equity sales less attractive

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English version

EXCLUSIVE: Investors See End to IPO Drought in Brazil

Directors at JP Morgan and General Atlantic are optimistic that, with falling inflation next year, and once the elections are behind us, there will be a revival of primary and secondary offerings

Tech & Funding

Danish Startup Podimo Raises $59 Million to Expand Its Podcasts, Reach New Markets

The company already has a big presence in Europe and Latin America

Startups

Brazil’s Bravium Raises $19M from Bridge One in New Merger Structure

The B2B and B2C company is merging with Satelital and Atrus to grow commerce and loyalty programs in Latin America

English version

Why Fewer Colombian Startups Are Striving for Unicorn Status

Entrepreneurs were obsessed with large investment rounds and rapid growth for years before the startup segment received a cold shower of reality

Startups

Brazilian Former Central Bank Chief Invests in Gene Bank Startup

Armínio Fraga and Eduardo Mufarej, former CEO of Tarpon Investimentos, are putting $2 million into gen-t

Startups

Rounds of the Week: Healthtech, Foodtech and Fintech Capture Funds

Latin American early-stage startups that received investments this week include Cuéntame, b4waste, Magis5, Credix, Draftea and Haro

Startups

Wall Street Banks Funding More Startups in Latin America

Chile’s Xepelin has obtained a credit line of $140 million from Goldman Sachs, in a fundraising move similar to that received by other unicorns in the region

Tech & Funding

Fintech Xepelin Gets $140 from Goldman Sachs to Finance a Mexico Expansion

The company, which also operates in Chile and may expand to other nations, has a goal of reaching 1 million clients by 2025 from 15,000 now

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Former SoftBank COO Marcelo Claure Invests in Credix’s Series A

Besides Claure, Itaú's president in Latin America, Ricardo Villela Marino, put his stake in the blockchain credit origination fintech

English version

Less Global Liquidity Impacts Investment in Argentine Startups

Argentina has seen a drop in the number and volume of transactions compared with the first half of 2021, while one-quarter of deals were in companies with a social impact

Startups

LatAm Fintech Challenger R2 Raises Series A Featuring Adam Neumann’s Family Office

Google’s Gradient Ventures and Adam Neumann’s family office are some investors backing the new fundraising that values R2 at $100 million

Tech & Funding

Rounds of the Week: Venture Capital Keeps Flowing into LatAm, Albeit More Slowly

Venture capital experts had already warned that investors will be more cautious, but this week they bet on Bankme, Medu Protection, Menta and Efinti.

English version

Impact for Latin America Unclear As SoftBank Plans Vision Fund Staff Cuts

The Vision Fund has around 500 staff, including in Latin America, but “nothing has been decided” about the impact on the region, the Japanese bank tells Bloomberg Línea

Tech & Funding

MercadoLibre Gets $193 Million in Sale of Brazil Real Estate Bonds

Latin American e-commerce retailer and fintech provider MercadoLibre Inc. has tapped Brazil’s local debt market as it seeks to fund its largest investment plan for the nation yet

Startups

Brazilian Corporate Benefits Startup Caju Captures $25M in Series B

Even in an adverse moment for startups, Caju said its valuation has increased over its Series A

English version

Pix-Based Fintech Pagaleve is Salesforce Ventures’ First Investment in Brazil

Pagaleve raised $25M in a Series A led by Salesforce’s venture capital arm, in addition to an undisclosed amount of debt

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