Burn to Give

Contxto – StartUp Chile announced its first generation of companies for its “Growth” accelerator. Launched in July of this year, the program aims to help more mature startups in Chile scale.  Besides mentoring and networking opportunities throughout the 12-month acceleration, selected startups are eligible to raise up to CLP$60 million (~US$77,000) in funding. For its […]

Contxto – In Chile, Corfo, ACHS, and the startup Burn to Give have partnered to provide a aid to small and medium-sized enterprises (SMEs) struggling to help their own struggling workers during Covid-19. The pandemic recession is hitting countries hard, and the smallest and weakest the hardest. This is both in terms of working folks as […]

Contxto – In Mexico, insurance is viewed as costly and filled with confusing jargon. So the natural thing people do is not have insurance at all. Fortunately, there are startups who are working to disrupt this market and raising the funds for it. Mexico-based insurtech ARCA recently closed a seed round for US$1.2 million through […]

Contxto – Any startup that works with the real estate process of iBuying will burn through money quickly. As a result, they’re highly reliant on equity capital or financing to get their projects off the ground.  To that end, proptech Flat.mx recently raised US$25 million in debt financing through Arc Labs. The money will serve […]

Today’s Soapbox opinion was written by Alejandro González Alemán, Managing Partner at Redwood Ventures Contxto – There are two kinds of founders: The ones that hate making investor reports and the ones who deny it. But this is perfectly understandable. Almost nothing a Founder must do to send a monthly report to investors or a […]

Contxto – Chilean insurtech Burn to Give is giving the Latam ecosystem plenty of reasons to celebrate. On Saturday (18), the startup announced it closed its Series A for US$8.5 million. Investors included Albatross Capital, Grupo Prisma, and Norwegian Katapult Impact. Angel investors from J.P. Morgan, Endeavor, among other organizations also pitched funds. Burn to […]

Contxto – MonkeyLearn, an Uruguayan no-code and low-code Artificial Intelligence (AI) startup, today (7) announced that it had struck a seed round worth US$2.2 million.  The money will be spent chiefly into formalizing its sales team as its tried and tested platform tries to reach companies further afield. Furthermore, reports contend that the product is […]

Contxto – Vertical agricultural pioneer in Latin America, AgroUrbana, has scored about one million dollars to close the loop on the food supply chain: distribution and commercialization. They will also use the cash to optimize their tech and expand their operations. The round was led by CLIN Fund. But don’t be fooled, behind this polished […]

Contxto – If Chile’s venture capital (VC) scene is crowded for such a small country, all while keeping swift and nimble—as we saw in last week’s VC ranking—, then this week’s featured country packs a punch with a just handful of players.  Related articles: Top 7 Venture Capital funds in Chile The financial and economic […]

Guest author: Nima Pourshasb, CEO and co-founder of minu Contxto – It certainly does feel that, finally, the Latin America moment has arrived. Just this year, Latin American startups have raised US$1.6 billion, Brazilian Nubank became the most valuable digital bank in the world, and top global funds such as Softbank, QED, Sequoia and Andreessen […]