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The 500 Startups Accelerator experiments with early-stage startup formulas for explosive growth with a mixture of up to US$250K in funding, mentors & designers in residence, platform-specific strategies for customer acquisition, a creative workspace and lots more.
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Can spacetech truly take off in Latin America?
Contxto – On October 9, 2020, the Mexican government took a break from its regularly scheduled Earth-bound matters to make an announcement that took many by surprise. Latin America was launching a unified regional Latin American and Caribbean Space Agency (ALCE, as it is known in Spanish). The landmark agreement was signed alongside Argentina, making […]
Chile recognized as solar energy powerhouse as Sunai wins Platzi Demo Day
Contxto – A new solar energy startup has joined the major leagues in Chile’s increasingly influential renewable energy sector. In the ranks of great companies like Inti Tech and Belinus, Sunai—a new solar power generating company—has just won big in Demo Day Platzi. Sunai is a platform that manages solar energy by collecting real time […]
SoftBank’s Latin America fund will decide the future of fintech
Welcome to our new The Exclusive deep dive content about our Latin American ecosystem. We’re giving our registered newsletter users a sneak-peek of these soon-to-be paid for articles. Contxto—Politics, football, and Tesla’s current stock price all have one thing in common with SoftBank—Latin America’s largest foreign investor—; you should never mention them in conversation unless […]
Used car platform Kavak hits US$1.15B valuation. First-ever unicorn from Mexico
Contxto – Used car platform Kavak announced it reached unicorn status yesterday (30). In an interview, the startup said it reached a US$1.15 billion valuation following an investment round it closed in September. The startup didn’t share how much the invested totaled for, only that Greenoaks Capital led it. In terms of external funding the […]
FreteBras raises US$17M to make freight more eco-friendly
Contxto – FreteBras recently snagged funds to lighten the load freight puts on our environment. The Brazilian startup and its platform for connecting shippers, drivers, and truckers closed US$17 million through IDB Invest. What’s pleasing/unusual to report is that rather than scaling, FreteBras has other plans with the funds. Priorities for FreteBras Not exactly a […]
VTEX raises US$225M to become unicorn and speed up global scaling
Contxto – The second unicorn to emerge amidst the pandemic is here. Today (28), VTEX announced it raised an investment for US$225 million. Consequently, it’s valued at a reported US$1.7 billion and has entered the unicorn club. Round participants include Tiger Global, Lone Pine Capital, Constellation, SoftBank, and Endeavor Catalyst. The Brazilian ecommerce platform had […]
The Complete List of Latin American Unicorns [Updated 2020]
Contxto – With Latin America growing as an important axis for the entrepreneurship ecosystem, hardly a day goes by without a breaking news story about a regional startup funding round. And even more frequently, new unicorns in Latam. At Contxto, we’re always trying to showcase what’s going well in Latin America. With the same purpose, […]
FreshBooks acquires invoicing platform Facturama to grow in Mexico
Contxto – Toronto-based FreshBooks wants to consolidate its presence in one of Latin America’s biggest markets. Through its acquisition of Facturama, the accounting software company hopes to connect with small and medium-sized enterprises (SMEs) in Mexico. The deal was announced on Tuesday (23) and the Facturama team—including its co-founders—will now work under the FreshBooks name. […]
UNK brings IoT assembly lines to Colombia with US$500K investment
Contxto – Pharmaceuticals and food companies invest billions into R&D for new products. So it must be a real kicker when the goods they’ve strived to create are lost to something as trivial as poor temperature conditions. Chilean IoT startup UNK is well-aware of this problem and has built sensor systems to help products keep […]
Übank is bringing its fintech specialty to the US—savings for non-savers
Contxto – Chilean Übank specializes in something Latin America seriously lacks: savings. But it’s expanding beyond the region and will launch into the United States sometime next year. To that end, it reports it’s already lined up deals with two big-name institutions. Though it didn’t say exactly who these hotshots are…. The startup operates by […]