Even as the Argentine government was announcing the biggest slide in the country’s economic output in nearly a decade, technology investors in the nation’s capital are all gearing up for record fundraising years. Three of the country’s biggest firms (which are still small by international standards) are raising new, exponentially larger, funds in a sign […]
View More In Argentina, venture capital surges even as the broader economy stuttersCategory: latin america
LG Mobile’s losses continue but now sales are falling too
Korean electronics giant LG is soaring to new heights, but its mobile division continues to lag well behind the rest of the company and the signs aren’t promising. LG’s latest financials released today recorded another quarter of success with operating profit jumping 16 percent year-on-year to hit KRW 771 billion ($715.1 million) as overall sales rose […]
View More LG Mobile’s losses continue but now sales are falling tooAnnouncing TechCrunch meetups in Buenos Aires and Santiago next week
TechCrunch is heading to Latin America for the first time and staging its first ever Startup Battlefield Latin America on Nov. 8 in São Paulo to find the next wave of early stage startups tackling big ideas! To spread the word, TechCrunch’s Jon Shieber and Anna Escher will visit Buenos Aires and Santiago next week […]
View More Announcing TechCrunch meetups in Buenos Aires and Santiago next weekGlovo gets $134M to beef up its on-demand delivery business
Spanish startup Glovo, whose platform lets app users summon a gig economy worker to shop on their behalf, be it for a takeaway burger or a multi-bag supermarket shop, has bagged a €115 million (~$134M) Series C round of funding. Spanish press are reporting the round values Glovo’s business at more than €300M. The lead investors […]
View More Glovo gets $134M to beef up its on-demand delivery businessA new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech
Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that that the pace of investment isn’t slowing down. Brazil was already the hottest spot for technology investment throughout Latin America […]
View More A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American techTechCrunch’s Startup Battlefield is coming soon to Beirut, São Paolo and Lagos
Everyone knows there are thriving startup communities outside of obvious hubs, like San Francisco, Berlin, Bangalore and Beijing, but they don’t always get the support they deserve. Last year, TechCrunch took a major page from its playbook, the Startup Battlefield competition, and staged the event in Nairobi, Kenya to find the best early stage startup […]
View More TechCrunch’s Startup Battlefield is coming soon to Beirut, São Paolo and LagosBrazil’s tech startups begin to expand globally
Startups in Brazil, Latin America’s largest entrepreneurial ecosystem, are no longer solely focused on Brazil as their only frontier to conquer.
View More Brazil’s tech startups begin to expand globallyAfrican VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon Group
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Uber says it’s staying, Konga could be epic startup fail Harley Davidson’s EV debut could electrify the motorcycle industry The African venture firm TLcom Capital is betting […]
View More African VC TLcom Capital invests $5M in Nigerian data analytics firm Terragon GroupYC-backed Ropeo brings on-demand fashion to Latin America
As ecommerce grows here in the United States, there are still some significant hurdles for the Latin American market. Credit card penetration is lower than the U.S. and there isn’t the same infrastructure for shipping, meaning that returns are far more tedious. That’s where Ropeo comes in. Ropeo was founded by Alejandro Casas, Santiago Gomez, and Luis Huertas, who saw that the… Read More
Global tech firms and investors are reshaping Latin America’s startup environment
Latin America is emerging as the new battleground for the global tech giants, and some of Silicon Valley and Asia’s biggest investors—from Sequoia Capital to SoftBank—are taking notice. International investment in Latin American startups has more than doubled since 2013, with 25 new investors entering the region in 2017 alone, including SoftBank, Didi Chuxing and… Read More
Latin America’s Groupon Mafia
The founders of PayPal and its employees have produced many highly successful companies over the years. Often referred to as the “PayPal Mafia” because they’ve had such an impact on the startup ecosystem, this serial entrepreneur success story is reminiscent of a similar phenomenon taking place in Latin America. The story starts with another U.S. company, Groupon. Read More