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Two new Latin American-ish unicorns forebode ominous news for the region
Contxto – The world announced two new unicorns into the ecosystem just this week, and both have a distinctly Latin American flavor. One is Orca Bio, a clinical-stage biotechnology company developing high precision allogeneic cell therapies, which announced that it had scored Series D financing with US$192 million. The round was co-led by Lightspeed Venture […]
Rappi raises over US$300 million
Contxto – It’s official: Rappi is raising big funds. We’d previously reported that the Colombian unicorn had rallied US$155.8 million as per a recent SEC filing. But the startup, via press release confirmed today (24) that it raised more than US$300 million. It’s worth pointing out that within the aforementioned SEC document, the startup is […]
Brazilian unicorn Wildlife raises US$120M in bid to go beyond video games
Contxto – Wildlife Studios has raised US$120 million in what is just barely its Series B. The round was led by the US fund Vulcan Capital. I say “barely” because, as you know, this scaleup surprised us many recently with the news that it had achieved a valuation of over US$1 billion. We were all […]
11 startups in Uruguay to keep an eye on in 2020
Contxto – We know d-Local and PedidosYa are some of the most funded startups in Uruguay, but they’re not the only companies with real value in the country. I feel like Uruguayan startups are like hidden creatures, but once you spot them, you start discovering more and more. Therefore, I searched far and wide, meditated […]
Rappi wants to be the super app of Latin America
Contxto – It was a long time coming, but Rappi admitted it at last. The Colombian startup acknowledged it wants to become a super app. In an interview with BAE Negocios, Rappi’s General Manager for Argentina and Uruguay, Matías Casoy made the unicorn’s intentions clear. “We want to cease being a delivery app and become […]
Mexico’s Summoners’ Rift: Arena Esports Stadium is open
Contxto – On February 5, the first Latin American electronic sports stadium was inaugurated in Mexico City. This new installation was baptized as the Arena Esports Stadium. This stadium will host week one of League of Legends (LoL) for Latin America, which took place on February 15 and 16. This means it’s been 10 days […]
Ultimate 2019 Latam Startup Ecosystem Recap
Contxto – It’s that time of the year when everyone gathers around and waits expectantly for old man Contxto to come down the internet shoot and dish out this year’s… Ultimate 2019 Latam Recap! So, come with us on a trip down memory lane. Remember the year of 2019 in Latin America in all of […]
17 Brazilian startups developing the future of video games
Contxto – Latin America loves video games. According to NewZoo, by the end of 2019 this region’s market share will be worth US$5.6 billion. Likewise, it will continue to grow at a rate of 11 percent year on year. Unsurprisingly, considering their population, the countries generating the most gaming revenue are Mexico, Brazil, and Argentina. […]
Brazilian mobile gaming startup Wildlife Studios is newest unicorn
Contxto – Are you listening? Hear that? It’s the clattering of hooves as the next Latin American unicorn hits the scene. This time it’s Brazilian mobile gaming developer Wildlife Studios, following a US$60 million Series A investment round led by Benchmark. With these pretty pennies, it’s estimated this startup from São Paulo is worth US$1.3 […]
16 must-have Latin American tech products
Contxto – Inspired by TechCrunch’s post series about Web 2.0 companies that Michael Arrington couldn’t live without, now I’m happy to share my own list of essential apps and sites. Since we’re a blog covering Latin American entrepreneurship and startups, though, I’ll focus exclusively on regional apps. Some of them are for business, some for […]