Elevar Equity, an early stage venture capital firm investing in highly scalable businesses focused on low income communities, held the final close of its third fund, at $74m.
Táximo, a Bogotá, Colombia-based offline taxi operator, raised $4.6m in funding.
Credivalores-Crediservicios, a Colombian independent consumer finance company, received a USD $34m investment from Gramercy Funds Management LLC. The capitalization will fund an upgrade of the Group’s entire technology platform combined with several initiatives, including strengthening the management team, improving the capital structure, reducing funding costs, increasing commercial efforts, and increasing market share. Grupo Credivalores is […]
PrimeStone S.A.S., a Bogotá, Colombia-based company that develops and supplies smart grid applications and solutions for data collection, validation, management, control and data exchange between meters and other devices for the power industry, received an investment from Promotora Venture Capital Fund. The amount of the transaction was not disclosed. The company intends to use the […]
Linio, a LatAm e-commerce company, received a €20m investment from Summit Partners. The company, which had reportedly raised funding from Tengelmann Group two weeks ago, plans to use the new capital to further grow in Latin America. Backed by Rocket Internet, Linio offers home appliances and electronics including TVs, computers, cameras, musical instruments, video games, […]
El Corral, a Bogota, Colombia-based gourmet hamburger brand, has received a strategic investment from Astor Capital LLC, the New York and Rio de Janeiro based venture capital firm. The amount of the transaction was not disclosed. The company intends to use the proceeds to expand geographically and accelerate the growth of the El Corral® brand. […]
Credivalores-Crediservicios, S.A.S., a Bogota, Colombia-based non-bank provider of consumer loans, has received an undisclosed investment from ACON Latin America Opportunities Fund, L.P., a private equity investment fund affiliated with ACON Investments LLC. The company offers a broad range of innovative credit and micro-insurance products designed to address the particular needs and profile of Colombia’s large […]