Kekanto Raises Series A Funding
Kekanto, a Sao Paulo, Brazil-based online local community, has raised a Series A funding of undisclosed amount.
The round was led by Accel Partners and Kaszek Ventures, with participation from Nicolas Szekasy, Florian Otto, CEO of Groupon Brazil, and Vinicius Marchini, partner of the Brazilian investment bank and private equity fund BR Partners.
The company intends to use the capital to accelerate investment in product and technology in Brazil while accelerating its expansion in Argentina, Chile, Mexico and other countries in Latin America.
Launched in 2010 by Fernando Okumura (Stanford GSB), Bruno Yoshimura, and Alan Kajimoto (both Computer Scientists from the University of Sao Paulo), Kekanto represents a source of local reviews for Brazilian people.
By integrating social network and demographic information, the product provides consumers with information on local businesses, tourist attractions, public service offices, and other points of interest.
The service has reached 3 million unique monthly visitors, and its active communities are in all major cities of Brazil.
In conjunction with the funding, Accel´s Partner Andrew Braccia, will join Kekanto’s Board of Directors.