Uber Technologies, Inc. (NYSE: UBER) is to acquire majority ownership of Cornershop, an online grocery provider in Chile, Mexico, and more recently in Peru and Toronto.
Global technology company SoftBank Group Corp. has launched the SoftBank Innovation Fund, the technology fund focused exclusively on the Latin American market.
NotCo, a Chilean innovative food technology company, raised $30M in funding.
Destacame, a Santiago, Chile-based personal financial management platform, closed a US$3m Series A funding round.
DCM, an early stage venture capital firm investing globally, promoted Kyle Lui in the U.S. and Ray Zhao in China, to Partner.
Jooycar, a Santiago, Chile-based Chilean auto insurance and telematics company, raised $3m in funding.
Walmart, Inc. (NYSE: WMT) acquired Cornershop, Inc., an online marketplace for on-demand delivery from supermarkets, pharmacies and specialty food retailers in Mexico and Chile, for $225m.
Ceptinel, a Chilean fintech company that specializes in regulatory technology, received a $1m investment from HCS Capital Partners.
Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, has held the first close of its second $15M fund.
Conversica, a Foster City, CA-based provider of conversational AI solutions for business, acquired Intelligens.ai, a Santiago, Chile-based provider of conversational AI for sales and marketing focused on the Latin American market.
ComparaOnline, a Santiago, Chile-based marketplace for insurance and financial products in Latin America, raised USD$14m in Series C funding.
Vinci, a Beijing, China-based provider of AI powered smart headphones, received a multi-million USD Series A round of funding.
Destacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.
Lalamove, a Hong Kong-based on-demand delivery company, completed a US$30M Series B financing round.
As we anticipated some days ago (read here), venture capital firm Redpoint Ventures has confirmed that it has closed a $180m Redpoint China I fund.