Tech & Funding
Rounds of the Week: Trinetix Raises $10M to Expand Into Latin America
In recent days, startups such as Ukraine’s Trinetix, Mexico’s Mundi and Brazil’s Zenit and Yooga received venture capital investments
Fintech argentina fundada por un ex Santander obtiene una ronda de financiación de serie A
La firma N5, fundada por Julián Colombo, ya está activa en 15 países y aspira a cerrar 2023 con un aumento del 60% en el tamaño de su equipo
Argentine Fintech N5, Founded By Former Santander Executive, Raises Series A Round
The fintech, founded by Julian Colombo, is already active in 15 countries and aims to close 2023 with a 60% increase in the size of its team
Rounds of the Week: Brazilian Foodtech, Healthcare Staffing Startup Secure Funding
Brazilian foodtech Nuu and MyCareforce, a human resources platform for healthcare professionals, raised funds this week
Why is Apple Stock Down Today and Is it a Good Time to Invest?
News from China has sent Apple’s share price tumbling over the last 48 hours, although some analysts remain bullish
Rounds of the Week: Automotive Services Startups Gain Attention in Latin America
Latin America-based startups that operate vehicle-related services such as Autolab, Voltta, and Frota 162 have received venture investments in recent days
Brazilian Startup Praso Raises $9.5 Million in Series A Led by Valor Capital and NFX
The foodservice-focused company has acquired intellectual property from Floki, an automated procurement solution for bars and restaurants
Rounds of the Week: AI, Education and Fintech Sectors Land Investments In LatAm
Latin American startups Vendah, BrainLogic, Cumbuca, Coala Saúde, and Prestamype have bagged early-stage funding rounds
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Brazil’s Root Capital Plans to Raise $400 Million in Fund for Distressed Assets
Root has about 2.3 billion reais ($474 million) under management and a team with 15 people
Rounds of the Week: Brazil’s VIPe Raises Funds to Extend Credit Offering
Brazilian startups VIPe, Asaas, and Omni received funding from venture capital investors in recent days
Citigroup Sees More Startups Putting Up With Once Feared ‘Down Rounds’
More startup boards and chief executives are open to the idea of raising new funding, even if it means they have to accept a lower valuation
Rounds of the Week: Mexico’s Scape, Brazil’s Tarvos Procure Funding
Scape, focused on wellness, and Tarvos, dedicated to agriculture, have received early-stage investments
Rounds of the Week: Uruguay’s Nocnoc Captures PayPal’s Attention
Latin American startups Nocnoc, Habi, and La Haus received venture investments this week, while, in Brazil, Dr.Consulta secured an investment from the Inter-American Development Bank
Nyatta Says New Growth Equity Fund ‘Not Chasing Unicorns’, Eyeing Brazil and Mexico
Former SoftBank executives for Latin America, Shu Nyatta and Marcelo Claure, have raised $440 million for Bicycle Capital, focusing on startups in Latin America, particularly in Brazil and Mexico
André Esteves, David Vélez Are Investors In Marcelo Claure’s New VC Firm Bicycle Capital
The fund’s name drew inspiration from Apple founder Steve Jobs’s axiom that a computer is a bicycle for the mind
Rounds of the Week: Former SoftBank VC Invests In Travel Startup Onfly
Latin American startups Onfly, Superlógica, and Compra Rápida received venture investments this week; in May, the volume of investments grew in Brazil
iOS 17: What’s New, and When Will Apple Release It to Market?
The new operative system is one of the top announcements by Apple WWDC23
Rounds of the Week: Healthcare, Education and Software Startups Raise ‘Up Rounds’
Brazilian startups Digibee and Sami received up rounds, with higher valuations, while Academy Abroad also secured funding this week
New VC Fund Led By Lab+ Ventures Eyes LatAm Science Startups
The backers of a new venture capital fund that aims to finance startups in Latin America focused on life sciences are bucking a funding crunch by tapping family offices and wealthy investors
Rounds of the Week: Agrotech Startup Bags Investment from US Fund That Backs Tesla
The founders of Flor e Fruto are just 21 years old and received a funding of two million reais ($382,165), valuing the agrotech startup at 14 million reais ($2.6 million)
Rounds of the Week: Retail, Agribusiness, AI Startups Capture Investment In LatAm
Latin American startups Agroboard, Mob2Con, Mimo, and Senzai raised funding this week
Rounds of the Week: Itaú BBA Provides Venture Debt for Medical Cannabis Startup
Brazilian startup Ease Labs raised $2.47 million for research and development, and real estate startup Seazone also bagged investment
Chile’s Merama Files Lawsuit Against Urbano Design for Alleged Fraud
Lawyers for the Chilean unicorn have filed a lawsuit in Santiago against Urbano Design founders Víctor Vargas and Pablo Gutiérrez after having invested $13 million in their company
Rounds of the Week: Insurance, Agribusiness, Fintech and Crypto Startups Raise Funds
In recent days, Justos, Arado, Magroove, FinanZero, and Galactic Holdings have secured venture capital investments
Mexican Fintech Clara Raises $60M, Remains Mute About Valuation
In an adverse fundraising scenario, Mexico’s answer to Brex Clara has attracted investors such as Hans Tung from GGV and raised debt and equity capital since last year
SVB Collapse Shows Startups Must Have a Plan B, Tim Draper Says
The seasoned venture capitalist, who has contributed to companies such as Tesla and Coinbase, tells Bloomberg Línea that companies should mitigate risk
Rounds of the Week: Netshoes Founder’s Startup and a Fintech for Gen Z Raise Funds
ZiYou and Z1 received investments this week, while Argentina’s Globant invested in Fivvy
Which Colombian Startups Could Be the Country’s Next Unicorn?
KPMG’s Tech Report 2022-2023 highlights some of the companies that could achieve a $1-billion valuation
Venture Capitalists Feed $125 Million Into French Mealworm Breeder Ynsect
Ynsect, which operates farms in France, the Netherlands and the US, is also expanding in Mexico, while eying a possible entry into Asia
Rounds of the Week: Instaleap, Speedio Raise Early-Stage Investments
The focus of venture capital has shifted toward early-stage investments, and this week two Latin American software platforms received funding
Global Venture Capital Outlays Decline In Q1, With Latin America Seeing Sharpest Drop
Latin America saw the largest quarter-over-quarter drop in venture capital funding during Q1, with only $600 million raised in the first quarter of 2023, according to CB Insights data
Rappi Buys Brazil’s Box Delivery, Brings In Mall Operator as a Partner
The deal represents the largest acquisition by the Colombian startup, which will unite its delivery operation to meet the demand from restaurants and go head-to-head with Prosus-owned iFood
Scarcity of IPOs: Brazil’s Biggest Startups Aim for Breakeven Before Going Public
Focus on profitable businesses, cost-cutting, and layoffs: founders tell Bloomberg Línea the recipe for achieving balance, and from which going public will follow
Rounds of the Week: Assis, Virtual Assistant for the Self-Employed, Raises $5.4M
The Brazilian software startup received its first funding, while funding dropped 86% in Brazil in Q1
Kaszek Raises $975M, Targets Early Stage and Mature Latin American Startups
The venture capital firm has announced two new funds, each with a different stage focus, but both targeting Latin American startups
Rounds of the Week: Funding for Early-Stage Startups Remains Strong
This week, startups Pacto, TraderPal, Aravita, Toku, Inspectral, Jobecam, and Qlub received contributions
Cabify Raises $110M to Fund Growth in Spain, Latin America; Remains Mute on Valuation
The Spain-based ride-sharing app didn’t disclose if its valuation was up, down, or flat, in a scenario where Carta data shows that every stage beyond Series A had down median valuations compared to 2021
What Does SVB’s Sale Mean for Startups and VC Funds In Latin America?
First Citizens’ purchase of Silicon Valley Bank’s assets will unlikely avoid a change in the risk model adopted by startups in the region, according to experts consulted by Bloomberg Línea
Startups in Games, Education, Construction, Workshops Secure New Funding
This week, Latin American startups Mecanizou, Cometa, Jungle and Makasi received capital
Corporate VC Seen as Option for Global, Latin Startups Due to Current Banking Crisis
Femsa Ventures was the sixth largest startup investor in Mexico in 2022, according to Transactional Track Record data
SoftBank Sees a Wave of Latin IPOs, Including Kavak, Rappi, Creditas, Madeira Madeira
SoftBank Group Corp. sees Colombian delivery app Rappi Inc. going public as soon as the end of this year or early next if global markets stabilize
Why Latino Inclusion in U.S. VC Funds Is Not Taking Off: Study
77% of institutional private equity firms do not include Latino executives
Rounds of the Week: Energy, Retail and Finance Startups Receive Funding
GoTrendier, 77Sol, Quadrado Express, Proesc and Vermiculus are among the Latin American startups that raised this week
Life After SoftBank: Claure, Passoni, Nyatta Plan to Team Up In a New Fund
Bloomberg Línea has learned that the three former executives intend to work together again for Bicycle Capital after the non-compete agreement with SoftBank ends
Brazilian Startups, Founders Face Difficulties Recovering SVB Money
Transfers of the total amounts held in the US bank under FDIC receivership have been made only to companies with US accounts, sources say
Brazilian Startup Founder Describes ‘Most Chaotic Day of My Life’ as SVB Collapses
Alexandre Maluli, CEO of Zazos, withdrew more than 1 million reais from Silicon Valley Bank hours before it collapsed
Rounds of the Week: Argentina’s Michroma, Brazil’s Barte Raise Funds
Argentine biotech startup Michroma and Brazilian fintech Barte raised millions in an intense week for the startup ecosystem
Brazilian Startups Rush to Withdraw Hundreds of Millions of Dollars from SVB
Brazilian founders are seeking to secure access to funds over fears that the US bank will suspend redemptions, sources tell Bloomberg Línea
SoftBank Says It Will Reinvest in LatAm Portfolio Firms for M&A Funding
The idea is to dedicate about 50% of its capital investments to those companies in the next 12 to 18 months, up from 10% in recent years
Fintech Marco Gets $200 Million to Support Latin American Exporters
The Miami-based financial-technology platform said MidCap Financial Investment Corp. and Castlelake LP are providing the credit, while Arcadia Funds LLC led an $8 million equity injection
Saverin’s B Capital Opens Office in Miami, Eyes Investments In LatAm Tech Startups
In an interview with Bloomberg Línea, B Capital’s co-founder Raj Ganguly also spoke about investing in down rounds and avoiding the hype of generative AI
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
Rounds of the Week: Brazilian Automation Platforms Dattos and 4intelligence Raise Funds
This week two early-stage automation platforms received investments in Brazil
Rent-to-Buy Firm Planet42 Gets $100M to Grow in South Africa, Open Shop in Mexico
The startup, which mainly operates in South Africa, will use the funds for growth within the country and further expansion in Mexico, Planet42 CEO Eerik Oja
Latin American Tech Talent In Short Supply as Digitization Drives Demand
The gap between supply and demand for tech talent in the region can be narrowed with more training, according to sector insiders
Rounds of the Week: The Climate Box, Estoca, Vexi, Vaas and Ulend Raise Funds
The emergence of neobanks is sparking the interest of venture capital investors in Latin America; this week two of them attracted investments