sao paulo
LatAm’s Gen-t is working to enrich biotech with Brazilian genomic data
Improving the diversity of global genomic data could hasten medical breakthroughs — and that’s the goal of Gen-t, a Brazilian startup working to infuse biotech with genetic data from the count
Google Cloud announces its first region in Mexico
Google Cloud today announced plans for its first cloud region in Mexico, its third in Latin America after Santiago, Chile and São Paulo, Brazil. The new region, which will be Google’s 35th, wil
Headline VC closes $950M spread across three funds for startups in US, Europe, LatAm and Asia
Venture capital fund Headline has been investing in tech startups since — get this — 1999, which might tempt headline writers, perhaps unfairly, to apply the word “dinosaur,” if the fu
Brazilian motorcycle rental startup Mottu revs up with $40M to help more Latin Americans become couriers
Mottu, a São Paulo-based motorcycle rental startup, has raised $30 million in equity in a Series B round of funding. The company, which aims to give independent couriers a way to work for logistics a
Here’s how JOKR became gross-profit positive amid a cutthroat grocery delivery industry
Founder and CEO Ralf Wenzel, discussed, according to him, why his company’s grocery delivery model is doing better than most.
Jüsto grabs new capital as it expands grocery delivery in Brazil, Peru
Justo enables customers in Latin America to buy groceries directly from its website or app and get them delivered to their location of choice.
Zapt is now Trela; aims to remove the middleman from group food shopping
The inspiration for Brazil-based Trela came from a person buying food for their neighbors directly from suppliers rather than the grocery store.
Cayena delivers inventory marketplace for food preparation businesses
Cayena is injecting technology into the Brazilian food procurement process for restaurants, bars, bakeries, hotels and dark kitchens that still much of their ordering with pen and paper.
Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round
For decades, Brazil has had a huge credit problem. It is Latin America’s largest country and has one of the highest interest rate spreads in the world. To give you an idea of just how bad it is, r
Norrsken Foundation’s hub opens in Rwanda, to house 1,000 entrepreneurs by next year
In 2019, Swedish coworking space and investment fund Norrsken Foundation announced the launch of its first entrepreneurship hub outside the Scandinavian nation in Rwanda. The center, located in Kigali
Brazilian social commerce marketplace Facily quietly raises $366M in less than a year, now valued at $850M
Facily, a São Paulo-based social commerce marketplace, has quietly raised over $366 million in funding across four different rounds over the last year. Most recently, Facily closed on a $250 million
SoftBank, Amazon, Accel and others put $108M in Brazilian banking and payments infra provider Pismo
There is no question that fintech has exploded in recent years. But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institut
As its startup market accelerates, Brazil could be in for an IPO bonanza
"There are many high-quality tech companies being built in Brazil with very experienced management teams and very exciting stories that will capture the hearts and wallets of Brazilian … investors."
Brazilian digital auto marketplace InstaCarro revs up with $23M in funding
InstaCarro, a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. Notably, U.S.-based firms co-led the investment, including
Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America
Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities and has over 600,000 users.
Brazilian HR startup Flash raises $22M in a Tiger Global-led Series B round of funding
Flash, a startup that has developed a flexible benefits platform for Brazilian companies and employees, has raised $22 million in a Series B round of funding led by Tiger Global Management. Monashees
Homebrew leads Z1’s effort to bring digital banking to Latin America’s teens
Z1, a Sao Paulo-based digital bank aimed at Latin American GenZers, has raised $2.5 million in a round led by U.S.-based Homebrew. A number of other investors also participated in the financing includ
Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services
Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. A mix of Silicon Valley and Latin American-based
Brazil’s idwall raises $38M for identity validation platform
Online fraud and identity theft is a global problem that has only been exacerbated with increased online transactions amid the COVID-19 pandemic. In particular, it is estimated that Brazilian companie
Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region. Braz