Stone

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 […]

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 […]

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 […]

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 […]

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, […]

Contxto – If you’re on your way to becoming a CEO or even if you’re already one, you probably already think you know how to manage time, but just wish for days with more than 24 hours. But I’ll tell you a hard truth: You do have enough time in your day for all your […]

Contxto – A bidding war may be brewing in Brazil. Almost a week ago, fintech Stone announced it would acquire retail management platform Linx for R$6.04 billion (~US$1.11 billion). But the plot is thickening.  Last Friday (14), TOTVS—a São Paulo-based software company—stated it would offer R$6.1 billion  (~US$1.13 billion) for Linx.  Investors, sniffing at the […]

Contxto – While Uruguay and Canada aren’t necessarily two countries you’d usually relate to one another, Kona, an Uruguayan startup is finding in Canada its newest home.  Born in Montevideo, and now based in Toronto, Kona is a customer experience company that offers machine learning-powered solutions for companies such as chatbots, cognitive solutions for call […]

Contxto – Travl Join is an AI-powered lead generation platform for travel companies. Think of it as the inverse of Despegar or any other B2C travel aggregator. It is a tourist aggregator for travel companies! With such a big local market, you would think this Rio de Janeiro-based startup would be happy to stick to […]

Contxto – In a 90 percent cash, 10 percent equity deal, Brazilian Stone is allegedly acquiring Linx, a software company also from Brazil. Last Tuesday (12), a statement made by Linx confirmed that it was “in final talks” with Stone, which reaffirms their intentions for the transaction to go through. Nevertheless, it isn’t a done […]