Categories brazil

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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple […]

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Wise accuses former Brazil banking partner of smear campaign after ‘unfounded’ accusations of fraud

Wise, the London-headquartered company that made its name offering international money transfers and is reportedly planning an IPO, has accused its former banking partner in Brazil of a “smear campaign” after allegations of fraud — claims that Wise says are “false and unfounded.” The war of words between Brazil’s MS […]

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SoftBank-backed Volpe Capital raises $80M to invest in LatAm

In recent years, the tech and venture scene in Latin America has been growing at an accelerated pace. More global investors are backing startups in the region and certain sectors in particular, such as fintech, are exploding. Global investors are not only pouring money into companies. They’re also investing in […]

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Brazilian lending company Creditas raises $255 million as Latin America’s fintech explosion continues

Creditas, the Brazilian lending business, has raised $255 million in new financing as financial services startups across Latin America continue to attract massive amounts of cash. The company’s credit portfolio has crossed 1 billion reals ($196.66 million) and the new round will value the company at $1.75 billion thanks to […]

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Warren gets $1.4 million to help local cloud infrastructure providers compete against Amazon and other giants

Started as a side project by its founders, Warren is now helping regional cloud infrastructure service providers compete against Amazon, Microsoft, IBM, Google and other tech giants. Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, […]

Microsoft announces its first Azure data center region in Taiwan

After announcing its latest data center region in Austria earlier this month and an expansion of its footprint in Brazil, Microsoft today unveiled its plans to open a new region in Taiwan. This new region will augment its existing presence in East Asia, where the company already runs data centers in […]

Microsoft Azure announces its first region in Austria

Microsoft today announced its plans to launch a new data center region in Austria, its first in the country. With nearby Azure regions in Switzerland, Germany, France and a planned new region in northern Italy, this part of Europe now has its fair share of Azure coverage. Microsoft also noted […]

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Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America

Paulo Rogério Nunes Contributor Paulo is the co-founder of Vale do Dendê (Dende Valley) and AFAR Ventures, a global diversity and inclusion creative and consulting agency that identifies opportunities for multinational brands, corporations and investors in emerging markets. Tara Sabre Collier Contributor Tara Sabre Collier is an early-stage impact investor […]

How Moovit went from opportunity to a $900M exit in 8 years

Omar Téllez Contributor Share on Twitter Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are Chasing Digital Companies In Latin America Why Ed […]

The Not Company, a maker of plant-based meat and dairy substitutes in Chile, will soon be worth $250M

The Not Company, Latin America’s leading contender in the plant-based meat and dairy substitute market, is about to close on an $85 million round of funding that would value it at $250 million, according to sources familiar with the company’s plans. The latest round of funding comes on the heels […]