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SEED – Startups and Entrepreneurship Ecosystem Development, is a Minas Gerais Government program to encourage the creation and development of the startup ecosystem. Each batch, 40 startups are selected for a 6 month acceleration program. Each startup receives up to BRL 80k equity-free funding, customized mentoring, entrepreneurial, coworking space, and access to a wide network.
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Mozper brings home digital banking for parents & kids in Latin America, Raises $3.55M in Seed Round
Contxto, With the idea of introducing youth to digital banking and offering exposure to managing finances at a young age, Mozper launched a debit card and app designed especially for kids and parents in Latin America. With a $3.55M closure in seed round, this fund raise was led by Hetz Ventures along with the other […]
Elenas raises US$2 million to empower door-to-door saleswomen in Colombia
Contxto – Startup Elenas just raised a seed round worth US$2 million to bring empowerment, ownership, and a better quality of life to women in Colombia. The investors in this round were Alpha4 Ventures, Amador Holdings, Polymath Ventures, and Meesho. They’ll use the investment to continue expanding through their native Colombia and the upcoming years […]
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 […]
Emptor, leading Latin American identity verifier, expands to Costa Rica
Contxto– Emptor, an automated identity verification and background check provider, has announced its expansion into Costa Rica. The future is here! Well, actually, it may have been here for quite some years now. Though now based in New York, Emptor was founded in 2016 and has Peruvian roots. It offers its services to several countries across […]
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 […]
SME financial platform Xepelin raises US$2.5 million seed round led by Ideas Impact VC
Contxto – On October 1, Xepelin, a Chilean financial platform created for SMEs to grow, raised a US$2.5 million seed round led by Ideas Impact VC. This is Xepelin’s third funding round, bringing its total funding amount to US$3.5 million. Other investors in this recent round include Oskar Hejertonsson, Manutara Ventures, Ignacio Canals, Gonzalo Rojas, […]
Koibanx raises seed round with an eye set on Mexico
Contxto – Last Thursday (1), Koibanx announced it had closed a seed round for an undisclosed amount. For those of you who haven’t heard about Koibanx, they are a fintech offering back-end platform for banks or other financial institutions to connect APIs. The only investor revealed to have participated in this round has been Innogen […]
Raise venture capital in a week? Horus says, “Challenge accepted”
Contxto – It’s time to turn our eyes back to Brazil (again) because agtech Horus Aeronaves has raised an investment worth R$2 million (~US$358,500). This round was led by EqSeed which is interestingly enough an online crowdfunding platform. Horus Aeronaves is, as previously mentioned, an agtech that processes the images and data provided by their […]
Pachama closes US$5M to build carbon neutral companies with AI
Contxto – Argentine sustainability startup Pachama is reeling in US$5 million to help more companies reduce their carbon footprint with its AI platform. It had already closed US$4.1 million in January of this year. Pachama seed extension amid pandemic Startups in telemedicine and e-commerce have been greatly boosted by the Covid-19 outbreak. They’ve even closed […]
Alude offers a free real estate platform and it just raised US$3.3M with big-name VCs
Contxto – Get this: proptech Alude was launched in Brazil in 2019 and its team currently consists of nine people (three of which are the co-Founders). Nonetheless, it’s attracted big names in venture capital for its seed round. Today (30) the real estate startup announced it closed US$3.3 million. And interestingly, Allude had multiple round […]