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Softbank is confident in the potential of LATAM Startups
Two years after the launch of the Latin America Fund I, Softbank Group Corp. has announced $3 billion more for the Latin America Fund II. This adds up to a total of $8 billion that the Japanese investing conglomerate has committed to the region. Since the creation of the LatAm Fund I in 2019, Softbank […]
Memo Ochoa joins Altered Ventures to boost the regional gaming industry
The region has talent and is growing at double digits, which makes it a territory with the potential to detonate in the industry
Mercado Libre and Kaszek Ventures create a SPAC to acquire a LATAM tech company
The e-commerce giant and the VC firm announced that their SPAC (special purpose acquisition company), named Mercado Libre Kaszek Pioneer Corp., has filed to go public. This SPAC is sponsored by both entities and will have an IPO. With this SPAC, Mercado Libre and Kazek Ventures will seek to acquire a Latin American tech company […]
Contxto is back
The thriving Latin American tech ecosystem is going through its greatest momentum yet. A few examples: The first half of 2021 saw more than $6.2 billion in venture capital flowing into the region, according to LAVCA (Association for Private Capital Investment in Latin America). Companies like Cornershop, Notco, Kavak and Nubank are entering broader geographies. […]
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 […]
Latin America launches united regional space agency, ALCE
Contxto – Marcelo Ebrard, Mexico’s Secretary of External Relations, has just announced that his country signed a landmark agreement with Argentina to create the Latin American and Caribbean Space Agency (ALCE, the abbreviation of its name in Spanish). This is one large step for Latin America… and perhaps an even larger step for Latin American […]
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 […]
Mexico is the go-to market for expanding Latin American startups
Today’s Soapbox opinion was written by Jia Li Tan, an Investment Professional at ALLVP. Contxto – On September 16, Mexicans around the world celebrate “Día de la Independencia”; the anniversary of the country’s independence from Spain. It is the day when the whole of Mexico celebrates and takes a day off work. It was on […]
LinkedIn’s 2020 top 10 startups to work for in Mexico
Contxto – Tech companies in Latin America compete not only to obtain a larger market share and investments. Attracting and retaining the best talent is also a key ingredient to success. And this week, LinkedIn published its ranking of top startups that people want to work at in Mexico. LinkedIn crunches through a lot of […]
Venezuela and its network of value-creating entrepreneur-migrants
Today’s Soapbox opinion was written by Eduardo Morrison, a corporate lawyer with banking experience, specialized in crypto and blockchain. Contxto – Due to its profound political and social crisis, Venezuela has seen an unprecedented migratory phenomenon in recent years. This massive outflow of people has resulted in the birth of a wave of entrepreneurs filled […]