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Sweet Capital is a fund established by the founders of King.com (Candy Crush), focused on deploying capital into early stage consumer technology companies across the world.
We see investing as a partnership, sharing our company-building expertise from the inception-stage through to successful exits.
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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 […]
Jüsto snags extra US$5M to scale grocery deliveries in Latin America
Contxto – Thanks to the coronavirus pandemic, many households in Mexico bought their groceries online for the first time. An odd experience for some, a neat one for others, and if you’re Mexican Justo, it’s primetime for raising funds and scaling. Last Thursday (1) news broke that the online grocery delivery startup closed an additional […]
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 […]
Orchata: Why did this Mexican startup wait to announce it was in YC?
Contxto – Y Combinator is always full of excitement. However, we were all delightfully surprised on Demo Day after being privately contacted by a Mexican startup, Orchata. Turns out, they too had been selected for this year’s Summer Batch. Thus, the final YC tally stood at: The obvious question is, why did this Mexican startup […]
Following accounting scandal, Wirecard sells ops in Brazil to PagSeguro
Contxto – Following a scandal of tampered accounting books, the dismantling of German Wirecard’s global operations has begun. Today (21) fintech company PagSeguro announced it acquired Wirecard’s operations in Brazil for an undisclosed amount. The parties now await approval from the Central Bank and antitrust authorities. Wirecard’s woes For the sake of adding some background, […]
Caju closes US$2.5 million to disrupt employee benefits programs in Brazil
Contxto – Flexibility is a flavor investors always crave and they just sunk their teeth into a piece of cajú (that’s Portuguese for “cashew”). Yesterday (5) news broke that fintech Caju raised R$13 million (~US$2.5 million) in a seed round co-led by Canary and Valor Capital. Other participants include angel investors like Ariel Lambrecht (co-Founder […]
ALIVE Ventures closes US$28 million fund for impact-driven startups
Contxto – Look alive startups, because ALIVE Ventures has the funds to help you scale—if you fit its investment thesis, that is. Acumen LatAm Impact Ventures—ALIVE, previously Acumen LatAm Capital Partners or ALCP—announced it closed US$28 million for its Acumen Latin America Early Growth Fund (ALEG). Why it’s a big deal: The fund focuses on […]
Sharp Shark raises seed round with NEM Ventures to fight online piracy
Contxto – We live in an era where it’s commonplace to “copy-paste” anything online without paying or crediting authors. It’s easy enough to do—but comes at a hard price for content creators. But Chilean Sharp Shark is honing in on perpetrators using blockchain tech and fresh funds. Yesterday (21), the startup announced it raised a […]
Mercado Pago launches POS terminal, Point Plus for SMEs
Contxto – It was only a matter of time before Latin America’s biggest e-commerce marketplace updated its POS credit card machine. Last Tuesday (14), Mercado Libre’s fintech arm, Mercado Pago, presented “Point Plus” a payment terminal for businesses. This device has all the features you’d find on a typical terminal: Receipt printing and a reader […]
The Ultimate Guide to Venture Capital in Brazil [Updated 2020]
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]