Unicorns
English
WeWork’s Valuation Falls Below $1 Billion Following Q4 Losses
The office-sharing startup’s stock has fallen by 80% in the space of one year
Soonicorns: Some of Latin America’s Startups On the Cusp of Hitting a $1B Valuation
The drop in venture capital investment in Latin America has left dozens of companies a step away from becoming unicorns
Spanish Edtech Unicorn Domestika Downsizes Latin America Operations
The cuts have affected local production offices in Brazil, Peru, Chile and Argentina, Bloomberg Línea has found
Former Employees Lambast Kavak for Customer Service Failures, Bad Management
Former employees of Latin America’s most valuable startup tell Bloomberg Línea about the company’s problems in the markets in which it operates
Brazilian Unicorn Wildlife, a Tencent Wannabe, Slashes 20% of Staff
People familiar with the discussions told Bloomberg Línea the layoffs were not triggered by cash, as the company has money enough for eight years
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
Uruguay’s dLocal Sees Revenues Soar in Second Quarter
The fintech unicorn’s revenues increased by 72% against the same period of last year
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
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
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
Mexican Unicorn Kavak to Invest $180M, Cuts Costs in LatAm
Latin America’s most valuable startup is planing to invest $120 million in Colombia, Chile and Peru and at least $60 million in Turkey
Tech’s Envy: $1 Billion Unicorns Are Eclipsed by Centaurs
Dreams of instant fortunes are giving way to the slog of actually operating profitably