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.
M12, Microsoft Corp.’s venture fund, in collaboration with the EQT Ventures fund and SVB Financial Group, launched the Female Founders Competition.
Prysmex, a Monterrey, Mexico-based IIoT startup focused on the construction sector, received an investment from Cemex Ventures.
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.
Pay By Group, a San Francisco and Guadalajara, Mexico-based group payments solution provider, received a follow-on investment from Czar Ventures and other investors*.
Pig.gi, a Mexico City-based startup that provides an Android lock screen app that lets users earn free mobile airtime, raised $2.3m in seed funding.
Adext, a Mexican born, Palo Alto, CA-based artificial intelligence and machine learning startup, raised $3M in seed funding at a $20M USD valuation in December 2016.
Leap Global Partners, a Palo Alto, CA-based cross-border venture capital firm, announced it held its first close to its $15m debut fund.
Apli Inc., a Mexico City-based on-demand talent-as-a-service platform, raised $1.5M in funding.
ComparaGuru.com, a Mexican financial management platform for insurance and banking products, raised US$7m in Series A funding.
Grupo Axo, a Mexico City-based multi-brand company for apparel, footwear, beauty, accessories and home furniture, received a strategic investment from General Atlantic.
Cornershop, an online grocery delivery platform focused on Latin America, raised $21m in funding.
Global seed stage venture capital firm 500 Startups is launching its second Latin American Regional fund.
Cemex, S.A.B. de C.V. (NYSE: CX), a Mexican global leader in the building materials industry, has launched Cemex Ventures, its open innovation and venture capital unit.
Global investment firm KKR closed KKR Americas XII Fund, at $13.9 billion, focused on opportunistic investments in private equity-related transactions primarily in the United States, Canada and Mexico.