Tech & Funding
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/HIKLLSCY5VCIZGLB5DZBOVBCPU.jpg "Rounds of the Week: Funding Still Flowing into Latin American 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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EPXQNG7LC5H4VCMLR2B7WP7LQY.jpg "SoftBank Axes 18% of Vision Fund Staff in Latin America")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5ZHVECMHYFC3HDFPVE37ZYUWSM.jpg "SoftBank Eager to Keep Investing in LatAm, But Startups Are Delaying Fundraising")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LG3XW6MFVVCEPMFD5ZEWDUITRU.jpg "Why Are Latin American Unicorns Opting for Debt Over Venture Capital?")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7O3BYFY6YVH77H6VPJAQESRFRI.jpg "Rounds of the Week: Solfácil Secures $30M Series C Extension")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/NF3HQCTKDJH3TGXIZHNITTM7EY.jpg "Why Has Kavak, Latin America’s Most Valuable Unicorn, Chosen the Debt Route?")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ZOO7C6P27JDQPB3OHZVFGPYPBM.jpg "Rounds of the Week: Vidia, Carvuk and DolarApp Raise Funds")
Rounds of the Week: Vidia, Carvuk and DolarApp Raise Funds
Early-stage Latin American startups remain attractive to hedge funds and angel investors
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5GVWCVWDSRBQPIQYKS5DVXN3NQ.jpg "Mobile Banking Startup Majority, Serving Immigrants in US, Closes $37.5M Series B")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5EEUCIPTJVA7HEDEVM7J7V5COY.jpg "Wall Street Firms Boost Lending to Latin America Startups")
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
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MARBWWQQJVCZNFG5CUVESCNEKA.JPG "EXCLUSIVE: Investors See End to IPO Drought in Brazil")
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