Investment Rounds Boost Startup Growth in LATAM
Just a few days before 2023 ends, companies like Space X and Yalo are closing the year with significant investment rounds that will drive their growth and expansion in the region, while others like Xante and Dollarize are recognized as the best in their respective sectors. Space X Offers Shares and Its Value Increases to […] Space X is set to raise between USD$500 and USD$750 million through an internal share offering, which aims to increase its value and provide an opportunity for employees to acquire them. This move puts SpaceX as one of the world's 75 largest companies in terms of market capitalization, alongside T-Mobile USA Inc., Nike Inc., and China Mobile. Meanwhile, Xante.mx was named Proptech of the Year in Mexico, a subsidiary of Vinte, and was recognized as the best in its sector during 2023. Bitso Business increased its annual transaction volume by 60%, with Mexico contributing significantly as over 50% of the platform’s users are in this country. However, Mexico lags behind in the Biotechnological Ecosystem, with there being only 0.2 DeepTech startups per million inhabitants and a focus on fintech and marketplaces, while biotechnology startups are the main value generators in the Deep Tech sector in Argentina represent 80%, Brazil 68%, and Chile 24%.
Veröffentlicht : Vor 12 Monaten durch Euro Journal in Business
Just a few days before 2023 ends, companies like Space X and Yalo are closing the year with significant investment rounds that will drive their growth and expansion in the region, while others like Xante and Dollarize are recognized as the best in their respective sectors. Space X Offers Shares and Its Value Increases to USD$175 Billion The company founded by Elon Musk has initiated discussions to conduct an internal share offering that would increase its value and provide an opportunity for employees to acquire them. If it reaches the projected figure, it would surpass companies like Disney and Comcast. The current valuation represents an increase from the USD$150 billion reached in a similar offering last summer. According to , the offering aims to raise between USD$500 and USD$750 million, with shares valued at USD$97 each. This move solidifies SpaceX as one of the world’s 75 largest companies in terms of market capitalization, placing it alongside T-Mobile USA Inc., Nike Inc., and China Mobile. GRI Club Awards Mexico: Xante is Proptech of the Year The real estate technology company, a subsidiary of Vinte, specializing in buying and selling used properties, was recognized as the best in its sector during 2023. Xante is part of the Vinte ecosystem, along with Casa Bravo, Homie, iVentas, eMobel, and Yave. In February 2022, Xante.mx was launched, an entity focused on marketing second-hand homes. Xante’s operations in the first half of 2023 represent the same volume as in the entire year 2022. In nearly two years of operations, it has successfully established itself in key markets such as Tecámac, Puebla, and Querétaro. It has also expanded its property offerings in these cities and grown in Pachuca, Atotonilco de Tula, Cancún, and Playa del Carmen. At the end of 2023, Bitso managed to gather a user base of 8 million on its cryptocurrency financial services platform in Latin America, recording an annual transaction volume of USD$8 billion.
• None Bitso Business increased its annual transaction volume by 60%, with Mexico contributing significantly as over 50% of the platform’s users are in this country.
• “The opportunity for Mexico is enormous, and there are so many things happening right now that are very relevant: the super peso and all the stuff,” says Daniel Vogel, co-founder and CEO.
• For 2024, the startup has three goals: improve the quality and speed of product generation, significantly increase B2B business income, and strengthen internal processes, as well as organizational culture. Mexico Lags Behind in the Biotechnological Ecosystem In Mexico, there are only 0.2 DeepTech startups per million inhabitants. They prevail in the development of fintech and marketplaces, while the biotechnology sector lags behind, according to a report from the Inter-American Development Bank. According to research by BID Lab, biotechnology startups are the main value generators in the Deep Tech sector in Argentina represent 80%, in Brazil 68%, and in Chile 24%.
• None Sector Boost: In 2022, the IDB allocated more than USD $3 million for the creation and development of biotech startups, but compared to other industries, support and interest are much lower.
• None Mission: Bid Lab seeks to connect entrepreneurs interested in this ecosystem with scientists developing the technology.
• Delay: Mexico is one of the countries in LATAM with the most unicorns, but in biotechnology, it is on the other end, as talent drain and the lack of support for researchers in this country have sidelined this sector. At the US FinTech Awards, the fintech that simplifies the opening of dollar accounts in the United States received the highest distinction. This recognition is granted by FinTech Intel, which highlights the achievements of leaders and companies in the ecosystem.
• None Dollarize set the goal of reaching 1 million customers in the next three years and expanding its operations to Central America, Asia, and Africa.
• None The application allows opening an account in just five minutes (according to the company), with an initial deposit of one dollar and loading funds from a local currency bank account or credit card.
• “We are very pleased with this recognition, which validates our passion and effort. The app had an amazing reception, registering 50 thousand downloads in the region shortly after its launch,” highlights Diego de la Campa, CEO and co-founder. The startup, which develops AI-driven conversational commerce, secured additional investment in a Series C funding round, with Glisco Partners. This capital injection, coming after a financing phase in 2021, in which Yalo raised USD$50 million from BCapital Group, will be used to establish a global and Latin American presence.
• None Valuation: The company has accumulated USD $93 million to date, and its client portfolio includes companies such as
• None How It Works: Yalo combines information about customer preferences, product availability, and purchase history to create a personalized experience.
• None Projection: Messaging commerce will reach USD $130 billion in emerging market economies like Latin America by 2025. The process, which began two years ago, concluded in November with a USD$7 million round, completing its first fund.
• None In this fund, 66 investors (Limited Partners) from six different countries participated, 80% of them notable entrepreneurs such as Eduardo Della Maggiora of Betterfly, Matias Muchnick of NotCo, and Alejandro Silberstein of Raya.
• None The capital will be used to support and help its startups reach Series A. This is important for LATAM as companies in the early growth stage will have the fund’s backing for their development.
• “Choosing startups to invest in at an early stage is not easy because you know the chances of success are low. Having seven out of eight companies growing very well in their respective markets and with new valuations in a short time is rare,” explained David Alvo, founder and Managing Partner.
Just a few days before 2023 ends, companies like Space X and Yalo are closing the year with significant investment rounds that will drive their growth and expansion in the region, while others like Xante and Dollarize are recognized as the best in their respective sectors. Space X Offers Shares and Its Value Increases to USD$175 Billion The company founded by Elon Musk has initiated discussions to conduct an internal share offering that would increase its value and provide an opportunity for employees to acquire them. If it reaches the projected figure, it would surpass companies like Disney and Comcast. The current valuation represents an increase from the USD$150 billion reached in a similar offering last summer. According to , the offering aims to raise between USD$500 and USD$750 million, with shares valued at USD$97 each. This move solidifies SpaceX as one of the world’s 75 largest companies in terms of market capitalization, placing it alongside T-Mobile USA Inc., Nike Inc., and China Mobile. GRI Club Awards Mexico: Xante is Proptech of the Year The real estate technology company, a subsidiary of Vinte, specializing in buying and selling used properties, was recognized as the best in its sector during 2023. Xante is part of the Vinte ecosystem, along with Casa Bravo, Homie, iVentas, eMobel, and Yave. In February 2022, Xante.mx was launched, an entity focused on marketing second-hand homes. Xante’s operations in the first half of 2023 represent the same volume as in the entire year 2022. In nearly two years of operations, it has successfully established itself in key markets such as Tecámac, Puebla, and Querétaro. It has also expanded its property offerings in these cities and grown in Pachuca, Atotonilco de Tula, Cancún, and Playa del Carmen. At the end of 2023, Bitso managed to gather a user base of 8 million on its cryptocurrency financial services platform in Latin America, recording an annual transaction volume of USD$8 billion.
• None Bitso Business increased its annual transaction volume by 60%, with Mexico contributing significantly as over 50% of the platform’s users are in this country.
• “The opportunity for Mexico is enormous, and there are so many things happening right now that are very relevant: the super peso and all the stuff,” says Daniel Vogel, co-founder and CEO.
• For 2024, the startup has three goals: improve the quality and speed of product generation, significantly increase B2B business income, and strengthen internal processes, as well as organizational culture. Mexico Lags Behind in the Biotechnological Ecosystem In Mexico, there are only 0.2 DeepTech startups per million inhabitants. They prevail in the development of fintech and marketplaces, while the biotechnology sector lags behind, according to a report from the Inter-American Development Bank. According to research by BID Lab, biotechnology startups are the main value generators in the Deep Tech sector in Argentina represent 80%, in Brazil 68%, and in Chile 24%.
• None Sector Boost: In 2022, the IDB allocated more than USD $3 million for the creation and development of biotech startups, but compared to other industries, support and interest are much lower.
• None Mission: Bid Lab seeks to connect entrepreneurs interested in this ecosystem with scientists developing the technology.
• Delay: Mexico is one of the countries in LATAM with the most unicorns, but in biotechnology, it is on the other end, as talent drain and the lack of support for researchers in this country have sidelined this sector. At the US FinTech Awards, the fintech that simplifies the opening of dollar accounts in the United States received the highest distinction. This recognition is granted by FinTech Intel, which highlights the achievements of leaders and companies in the ecosystem.
• None Dollarize set the goal of reaching 1 million customers in the next three years and expanding its operations to Central America, Asia, and Africa.
• None The application allows opening an account in just five minutes (according to the company), with an initial deposit of one dollar and loading funds from a local currency bank account or credit card.
• “We are very pleased with this recognition, which validates our passion and effort. The app had an amazing reception, registering 50 thousand downloads in the region shortly after its launch,” highlights Diego de la Campa, CEO and co-founder. The startup, which develops AI-driven conversational commerce, secured additional investment in a Series C funding round, with Glisco Partners. This capital injection, coming after a financing phase in 2021, in which Yalo raised USD$50 million from BCapital Group, will be used to establish a global and Latin American presence.
• None Valuation: The company has accumulated USD $93 million to date, and its client portfolio includes companies such as
• None How It Works: Yalo combines information about customer preferences, product availability, and purchase history to create a personalized experience.
• None Projection: Messaging commerce will reach USD $130 billion in emerging market economies like Latin America by 2025. The process, which began two years ago, concluded in November with a USD$7 million round, completing its first fund.
• None In this fund, 66 investors (Limited Partners) from six different countries participated, 80% of them notable entrepreneurs such as Eduardo Della Maggiora of Betterfly, Matias Muchnick of NotCo, and Alejandro Silberstein of Raya.
• None The capital will be used to support and help its startups reach Series A. This is important for LATAM as companies in the early growth stage will have the fund’s backing for their development.
• “Choosing startups to invest in at an early stage is not easy because you know the chances of success are low. Having seven out of eight companies growing very well in their respective markets and with new valuations in a short time is rare,” explained David Alvo, founder and Managing Partner.
Just a few days before 2023 ends, companies like Space X and Yalo are closing the year with significant investment rounds that will drive their growth and expansion in the region, while others like Xante and Dollarize are recognized as the best in their respective sectors. Space X Offers Shares and Its Value Increases to USD$175 Billion The company founded by Elon Musk has initiated discussions to conduct an internal share offering that would increase its value and provide an opportunity for employees to acquire them. If it reaches the projected figure, it would surpass companies like Disney and Comcast. The current valuation represents an increase from the USD$150 billion reached in a similar offering last summer. According to , the offering aims to raise between USD$500 and USD$750 million, with shares valued at USD$97 each. This move solidifies SpaceX as one of the world’s 75 largest companies in terms of market capitalization, placing it alongside T-Mobile USA Inc., Nike Inc., and China Mobile. GRI Club Awards Mexico: Xante is Proptech of the Year The real estate technology company, a subsidiary of Vinte, specializing in buying and selling used properties, was recognized as the best in its sector during 2023. Xante is part of the Vinte ecosystem, along with Casa Bravo, Homie, iVentas, eMobel, and Yave. In February 2022, Xante.mx was launched, an entity focused on marketing second-hand homes. Xante’s operations in the first half of 2023 represent the same volume as in the entire year 2022. In nearly two years of operations, it has successfully established itself in key markets such as Tecámac, Puebla, and Querétaro. It has also expanded its property offerings in these cities and grown in Pachuca, Atotonilco de Tula, Cancún, and Playa del Carmen. At the end of 2023, Bitso managed to gather a user base of 8 million on its cryptocurrency financial services platform in Latin America, recording an annual transaction volume of USD$8 billion.
• None Bitso Business increased its annual transaction volume by 60%, with Mexico contributing significantly as over 50% of the platform’s users are in this country.
• “The opportunity for Mexico is enormous, and there are so many things happening right now that are very relevant: the super peso and all the stuff,” says Daniel Vogel, co-founder and CEO.
• For 2024, the startup has three goals: improve the quality and speed of product generation, significantly increase B2B business income, and strengthen internal processes, as well as organizational culture. Mexico Lags Behind in the Biotechnological Ecosystem In Mexico, there are only 0.2 DeepTech startups per million inhabitants. They prevail in the development of fintech and marketplaces, while the biotechnology sector lags behind, according to a report from the Inter-American Development Bank. According to research by BID Lab, biotechnology startups are the main value generators in the Deep Tech sector in Argentina represent 80%, in Brazil 68%, and in Chile 24%.
• None Sector Boost: In 2022, the IDB allocated more than USD $3 million for the creation and development of biotech startups, but compared to other industries, support and interest are much lower.
• None Mission: Bid Lab seeks to connect entrepreneurs interested in this ecosystem with scientists developing the technology.
• Delay: Mexico is one of the countries in LATAM with the most unicorns, but in biotechnology, it is on the other end, as talent drain and the lack of support for researchers in this country have sidelined this sector. At the US FinTech Awards, the fintech that simplifies the opening of dollar accounts in the United States received the highest distinction. This recognition is granted by FinTech Intel, which highlights the achievements of leaders and companies in the ecosystem.
• None Dollarize set the goal of reaching 1 million customers in the next three years and expanding its operations to Central America, Asia, and Africa.
• None The application allows opening an account in just five minutes (according to the company), with an initial deposit of one dollar and loading funds from a local currency bank account or credit card.
• “We are very pleased with this recognition, which validates our passion and effort. The app had an amazing reception, registering 50 thousand downloads in the region shortly after its launch,” highlights Diego de la Campa, CEO and co-founder. The startup, which develops AI-driven conversational commerce, secured additional investment in a Series C funding round, with Glisco Partners. This capital injection, coming after a financing phase in 2021, in which Yalo raised USD$50 million from BCapital Group, will be used to establish a global and Latin American presence.
• None Valuation: The company has accumulated USD $93 million to date, and its client portfolio includes companies such as
• None How It Works: Yalo combines information about customer preferences, product availability, and purchase history to create a personalized experience.
• None Projection: Messaging commerce will reach USD $130 billion in emerging market economies like Latin America by 2025. The process, which began two years ago, concluded in November with a USD$7 million round, completing its first fund.
• None In this fund, 66 investors (Limited Partners) from six different countries participated, 80% of them notable entrepreneurs such as Eduardo Della Maggiora of Betterfly, Matias Muchnick of NotCo, and Alejandro Silberstein of Raya.
• None The capital will be used to support and help its startups reach Series A. This is important for LATAM as companies in the early growth stage will have the fund’s backing for their development.
• “Choosing startups to invest in at an early stage is not easy because you know the chances of success are low. Having seven out of eight companies growing very well in their respective markets and with new valuations in a short time is rare,” explained David Alvo, founder and Managing Partner.
Just a few days before 2023 ends, companies like Space X and Yalo are closing the year with significant investment rounds that will drive their growth and expansion in the region, while others like Xante and Dollarize are recognized as the best in their respective sectors. Space X Offers Shares and Its Value Increases to USD$175 Billion The company founded by Elon Musk has initiated discussions to conduct an internal share offering that would increase its value and provide an opportunity for employees to acquire them. If it reaches the projected figure, it would surpass companies like Disney and Comcast. The current valuation represents an increase from the USD$150 billion reached in a similar offering last summer. According to , the offering aims to raise between USD$500 and USD$750 million, with shares valued at USD$97 each. This move solidifies SpaceX as one of the world’s 75 largest companies in terms of market capitalization, placing it alongside T-Mobile USA Inc., Nike Inc., and China Mobile. GRI Club Awards Mexico: Xante is Proptech of the Year The real estate technology company, a subsidiary of Vinte, specializing in buying and selling used properties, was recognized as the best in its sector during 2023. Xante is part of the Vinte ecosystem, along with Casa Bravo, Homie, iVentas, eMobel, and Yave. In February 2022, Xante.mx was launched, an entity focused on marketing second-hand homes. Xante’s operations in the first half of 2023 represent the same volume as in the entire year 2022. In nearly two years of operations, it has successfully established itself in key markets such as Tecámac, Puebla, and Querétaro. It has also expanded its property offerings in these cities and grown in Pachuca, Atotonilco de Tula, Cancún, and Playa del Carmen. At the end of 2023, Bitso managed to gather a user base of 8 million on its cryptocurrency financial services platform in Latin America, recording an annual transaction volume of USD$8 billion.
• None Bitso Business increased its annual transaction volume by 60%, with Mexico contributing significantly as over 50% of the platform’s users are in this country.
• “The opportunity for Mexico is enormous, and there are so many things happening right now that are very relevant: the super peso and all the stuff,” says Daniel Vogel, co-founder and CEO.
• For 2024, the startup has three goals: improve the quality and speed of product generation, significantly increase B2B business income, and strengthen internal processes, as well as organizational culture. Mexico Lags Behind in the Biotechnological Ecosystem In Mexico, there are only 0.2 DeepTech startups per million inhabitants. They prevail in the development of fintech and marketplaces, while the biotechnology sector lags behind, according to a report from the Inter-American Development Bank. According to research by BID Lab, biotechnology startups are the main value generators in the Deep Tech sector in Argentina represent 80%, in Brazil 68%, and in Chile 24%.
• None Sector Boost: In 2022, the IDB allocated more than USD $3 million for the creation and development of biotech startups, but compared to other industries, support and interest are much lower.
• None Mission: Bid Lab seeks to connect entrepreneurs interested in this ecosystem with scientists developing the technology.
• Delay: Mexico is one of the countries in LATAM with the most unicorns, but in biotechnology, it is on the other end, as talent drain and the lack of support for researchers in this country have sidelined this sector. At the US FinTech Awards, the fintech that simplifies the opening of dollar accounts in the United States received the highest distinction. This recognition is granted by FinTech Intel, which highlights the achievements of leaders and companies in the ecosystem.
• None Dollarize set the goal of reaching 1 million customers in the next three years and expanding its operations to Central America, Asia, and Africa.
• None The application allows opening an account in just five minutes (according to the company), with an initial deposit of one dollar and loading funds from a local currency bank account or credit card.
• “We are very pleased with this recognition, which validates our passion and effort. The app had an amazing reception, registering 50 thousand downloads in the region shortly after its launch,” highlights Diego de la Campa, CEO and co-founder. The startup, which develops AI-driven conversational commerce, secured additional investment in a Series C funding round, with Glisco Partners. This capital injection, coming after a financing phase in 2021, in which Yalo raised USD$50 million from BCapital Group, will be used to establish a global and Latin American presence.
• None Valuation: The company has accumulated USD $93 million to date, and its client portfolio includes companies such as
• None How It Works: Yalo combines information about customer preferences, product availability, and purchase history to create a personalized experience.
• None Projection: Messaging commerce will reach USD $130 billion in emerging market economies like Latin America by 2025. The process, which began two years ago, concluded in November with a USD$7 million round, completing its first fund.
• None In this fund, 66 investors (Limited Partners) from six different countries participated, 80% of them notable entrepreneurs such as Eduardo Della Maggiora of Betterfly, Matias Muchnick of NotCo, and Alejandro Silberstein of Raya.
• None The capital will be used to support and help its startups reach Series A. This is important for LATAM as companies in the early growth stage will have the fund’s backing for their development.
• “Choosing startups to invest in at an early stage is not easy because you know the chances of success are low. Having seven out of eight companies growing very well in their respective markets and with new valuations in a short time is rare,” explained David Alvo, founder and Managing Partner.
Themen: Startups