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.
Properati, a Buenos Aires, Argentina-based online and mobile solution for the real estate market, received $2m in funding.
Cornershop, a Mexican-Chilean provider of a fast grocery delivery service, raised $6.7m in Series A funding.
San Diego-based Origo Ventures, through its Chilean subsidiary Fen Ventures, received a $1m grant from the Chilean government’s investment entity CORFO. The firm early stage investor will use the capital for its investment activities in Chile’s startup companies for the next five years. Led by Derek Footer, Managing Partner, Origo Ventures invests in Latin American […]
ComparaOnline.com, a Latin American online insurance and financial services marketplace, raised $11m in Series B financing. The round was led by Ribbit Capital, with participation from Endeavor Catalyst, Rise Capital and existing investor Kaszek Ventures. The company intends to use the capital to strengthen its presence in Brazil and Colombia through hiring new people and […]
Start-Up Chile, the program that seeks to attract early stage, high-potential entrepreneurs to bootstrap their startups in the country, just opened its 7th application process. Startup founders around the world can submit applications (here) between March 25th and April 9th. To support the launch, the program, executed by the Chilean Economic Development Agency (CORFO), is […]
QA on Request, a Montreal, Canada-based start-up provider of quality assurance testing services to a wide range of companies, has been selected to take part in the global accelerator program Start-Up Chile. The company, like other selected 100 start-ups, will receive US$40k of equity-free seed capital, a 1-year work visa, and access to local financial […]
Touristlink.com, a social platform for travel, was selected to participate in Start-up Chile. Start-up Chile is a global accelerator program which offers $40k in “equity free” seed capital to participants who set up business in Chile. Founded in India by David Urmann, Touristlink.com is a social travel site with content and targeted reviews where travelers […]
The Inter-American Development Bank’s Multilateral Investment fund (MIF) will invest up to $9m in two venture capital funds supporting life sciences entrepreneurs in Brazil and Chile. The MIF, an autonomous vehicle administered by the Bank that promotes the development of microenterprises and small and medium-size businesses in Latin America and the Caribbean, will invest up […]