Unicorns

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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

By Isabela Fleischmann

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

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