Nubank, the Brazilian financial services company, has raised $180 million from the Chinese internet giant, Tencent. Tencent has long been interested in financial services startups, and with its $90 million direct investment and another $90 million investment in the secondary market the company now has access to what is arguably the largest digital banking company […]
View More Nubank is now worth $4 billion after Tencent’s $180 million investmentCategory: latin america
Startup accelerators helped spark Latin America’s tech boom
Five years ago, no startups from Latin America were participating in prestigious U.S. accelerators. It seemed that Latin America was not yet on anyone’s radar. Nowadays, dozens of Latin American startups, principally from Colombia, are joining U.S. accelerators.
View More Startup accelerators helped spark Latin America’s tech boomThe investors and founders of Yellow, 99 Taxis and Didi will talk about the new mobility race at Startup Battlefield Latin America
In the nine months since Didi acquired the Brazilian ride-hailing startup 99 in a deal that valued the company at a reported $1 billion, the market for mobility and logistics startups in the Latin American region has changed dramatically. The Didi deal was perhaps the first big acquisition for a Latin American startup in recent […]
View More The investors and founders of Yellow, 99 Taxis and Didi will talk about the new mobility race at Startup Battlefield Latin AmericaBase10’s debut fund is the largest-ever for a Black-led VC firm
Adeyemi Ajao, the co-founder and managing director of Base10 Partners, was surprised to hear his firm’s $137 million fund was the largest debut to date for a black-led venture capital firm.
He and his co-founder — managing director TJ Nahigian — found out from none other than their fund’s own limited partners, who told them they should seek out institutions looking to invest in diverse fund managers.
View More Base10’s debut fund is the largest-ever for a Black-led VC firmThe funding mirage: How to secure international investment from emerging markets
Looking for funding as a startup in Latin America is a lot like looking for a watering hole in the middle of the desert. You know it’s out there, but finding it in time is a life or death situation.
View More The funding mirage: How to secure international investment from emerging marketsBrazilian startup Yellow raises $63M — the largest Series A ever for a Latin American startup
After selling their ridesharing startup, 99, to Didi Chuxing for $1 billion last year, Ariel Lambrecht and Renato Freitas didn’t waste any time throwing their hats back in the ring. Months after their big exit, the pair joined forces with Eduardo Musa, who spent two decades in the bicycle industry, to start another São Paulo-based mobility startup. […]
View More Brazilian startup Yellow raises $63M — the largest Series A ever for a Latin American startupTickets are now available for Startup Battlefield Latin America
We’re very excited to announce that tickets are now available for TechCrunch’s Startup Battlefield Latin America, which will be held at São Paulo’s Tomie Ohtake Institute on November 8, 2018. Tickets are free and available through a simple application process, which you can find here. We will select applicants on a first come, first served […]
View More Tickets are now available for Startup Battlefield Latin AmericaLatin America is the next stage in the race for dominance in the ride-hailing market
Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Groupon Mafia A new era for startup investing in Latin America As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the […]
View More Latin America is the next stage in the race for dominance in the ride-hailing marketIs China’s digital silk road going to pave over Silicon Valley?
Over the past 20 years, China has now grown into one of the largest consumer technology markets, with thousands of startups and funding rivaling Silicon Valley.
View More Is China’s digital silk road going to pave over Silicon Valley?Lending startup Portal Finance nabs $200 million for small business loans in Latin America
Latin American small businesses just got a big boost with a new commitment for a $200 million lending joint venture between the Bogota-based startup Portal Finance and Latin America’s largest financial services institution, BTG Pactual. For Portal Finance, the deal with BTG caps a meteoric rise, which has seen the company raise $1.5 million at […]
View More Lending startup Portal Finance nabs $200 million for small business loans in Latin AmericaRappi raises $200M as Latin American tech investment reaches new highs
Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by a source close to the company. DST Global has led the more than $200 million financing, with participation from Andreessen Horowitz and Sequoia—all of which were existing investors in the company.
View More Rappi raises $200M as Latin American tech investment reaches new highsAI training and social network content moderation services bring TaskUs a $250 million windfall
TaskUs, the business process outsourcing service that moderates content, annotates information and handles back office customer support for some of the world’s largest tech companies, has raised $250 million in an investment from funds managed by the New York-based private equity giant, Blackstone Group. It’s been ten years since TaskUs was founded with a $20,000 investment […]
View More AI training and social network content moderation services bring TaskUs a $250 million windfall