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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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The most promising fintech opportunities in LatAm
While placing an order through Mercado Libre, I was thinking that it is already very easy to pay on any e-commerce platform, no matter how big or small it is. This is because there are more fintech companies offering multiple payment solutions. This sector has been buzzing for more than 10 years, Rubén Galindo, CEO […]
Aprende Institute raises $22 million for Spanish-speaking market expansion
EdTech Aprende Institute raises $22 million to expand its presence in Spanish-speaking markets. Valor Capital Group led the investment round and raised $27 million in financing. Aprende Institute, a platform specialized in providing professional education online, closed a series A-II investment round for $22 million, reaching $27 million dollars in total financing. Valor Capital Group […]
Insurtech startup Súper wants to offer insurance against hurricanes
The insurance startup Súper was founded 2019 with one mission: to ensure properties against damages caused by earthquakes. However, this year it has expanded its offering to life insurance and is seeking to provide insurance against hurricanes in 2022. Súper is a Mexican insurtech that seeks to make insurance payments simpler and faster, without intermediaries, […]
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 the pre-owned car giant 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 […]
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. [wd_hustle id=”InArticleOptin” type=”embedded”/] Priorities for FreteBras […]
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, […]