We are only in the first chapter of Latin America’s long journey to tech growth. But with the region’s thirst for innovation, the market is expected to expand nearly tenfold over the next decade.
Global startups raise $158B in Q3, an all-time record
We’re beginning to see why it feels so busy out there. It is!
From bootstrapped to a $417M valuation, Chile’s Buk raises $50M for its HR management platform
Chile’s Buk, which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. There are a few notable things about this financing. For one, it represents one of the largest (if not the) […]
B2B marketplace ZAX targets Latin America’s wholesale sector with $6M in fresh capital
ZAX’s platform unites freight, delivery and payments tools to connect sellers and buyers in Brazil.
Accel, Tiger and Stripe’s COO back Mexico City-based Higo as it raises $23M for its B2B payments platform
Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel. Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. A number of angel investors also put […]
Cobalt launches from beta with a $2.8M seed to help creators launch products
As internet creators and influencers grow their followings, it’s not always intuitive what the best way to monetize might be. For some creators, they might find a path to monetization through subscriber-only content and branded posts, but for those with a great idea and an entrepreneurial streak, they might leverage their appeal to launch a […]
Latin America finds a champion in SoftBank Group International CEO Marcelo Claure
Since first announcing it was planting a stake in the ground in the region in early 2019, SoftBank — from its own balance sheet, it says — has plugged more than $5 billion into the region, and it expects that number to top $8 billion by year’s end.
Latin America’s second wave of digital transformation
Over the past year, Latin America has been covered heavily in the international news as the COVID-19 pandemic led many to question our endurance in the face of a crisis.
Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion. This news is notable for a few reasons. For one, it’s a staggering sum for any […]
Gamestry gets $5M to give games video creators a sweeter deal
Barcelona-based gaming video platform Gamestry has snatched up $5 million in seed funding, led by Goodwater Capital, Target Global and Kibo Ventures — turning investors’ heads with a 175x growth rate over the past 12 months. While the (for now) Spanish-language gaming video platform launched a few years back, in 2018, last year the founders […]