by RJ Shara | Aug 24, 2021 | Fundings and Exit, Startups
The Latin America startup ecosystem is having a terrific year, with mega-rounds being revealed at breakneck speed and new unicorns minted practically regular monthly. This is primarily due to the clearly growing start-up scene in the area, with proven successes such as Nubank, Cornershop, Gympass and Loggi helping to reinforce LatAm’s trustworthiness. Remarkably, a number of the […] Surprisingly, numerous of the area’s rounds are led by or saw participation from financiers based in other places. Companies such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are putting cash into LatAm. Local VCs are raving about the human capital in the region, but for some international investors, the appeal of Latin America extends beyond the talent to the basic people. 
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by RJ Shara | Aug 20, 2021 | Fundings and Exit, Startups
Less than three months after revealing a $300 million Series E, Brazilian proptech QuintoAndar has actually raised an extra $120 million. New financiers Greenoaks Capital and China’s Tencent co-led the round, that included involvement from some existing backers also. São Paulo-based QuintoAndar is now valued at $5.1 billion, up from $4 billion at the time […] With the extension, the startup has now raised more than $700 million considering that its 2013 beginning. This year, QuintoAndar broadened operations into 14 new cities in Brazil. Eventually, QuintoAndar plans to enter the Mexican market as its very first expansion outside of its home country however it has actually not yet set a date for that step. Why raise more cash so quickly? 
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by RJ Shara | Jun 1, 2021 | Fundings and Exit, Startups
Online scams and identity theft is a worldwide problem that has actually only been worsened with increased online deals amidst the COVID-19 pandemic….
by RJ Shara | May 28, 2021 | Fundings and Exit, Startups
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. Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, […] …
by RJ Shara | May 24, 2021 | Fundings and Exit
Long prior to SoftBank released its $2 billion Innovation Fund in Latin America, and prior to Andreessen Horowitz started actively buying the area, São Paulo-based Kaszek has actually been putting cash into appealing startups, assisting spawn nine unicorns along the method. And now, the early-stage VC company is revealing its largest fund closures to date: Kaszek Ventures […] Kaszek founded its first fund in 2011, raising$95 million, a remarkable amount at that time. Kaszek has not yet backed any companies out of its most recent investment vehicles, however plans to put money in 20 to 30 companies out of its early-stage fund, with check sizes ranging from $500,000 to $25 million, according to Kazah. Its Chance Fund investments will be more focused, with the firm most likely support 10 to 15 business with check sizes varying from $10 million to $35 million. General partner and co-founder Szekasy states that in the firm’s first funds, Kaszek mainly backed first-time entrepreneurs. 
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