Osana Salud raises $20M to build API-connected infrastructure for the LatAm healthcare industry

Osana Salud, which aims to transform the healthcare infrastructure in Latin America, has closed on a $20 million Series A round of funding led by General Catalyst. The Argentina-based, yet fully remote, startup was founded in 2019 — just a few months before the pandemic. Since launching less than a year ago, Osana says it […]

The LatAm funding boom continues as Kaszek raises $1B across a duo of funds

Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region, São Paulo-based Kaszek has been putting money into promising startups, helping spawn nine unicorns along the way. And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures […]

With backers like Tiger Global, LatAm crypto exchange Bitso raises $250M at a $2.2B valuation

Bitso, a regulated crypto exchange in Latin America, announced today it has raised $250 million in a Series C round of funding that values the company at $2.2 billion. Tiger Global and Coatue co-led the round, which also included participation from Paradigm, BOND & Valor Capital Group and existing backers QED, Pantera Capital and Kaszek. […]

Armed with $160M in funding, LatAm’s Merama enters the e-commerce land grab

Merama, a five-month old e-commerce startup focused on Latin America, announced today that it has raised $60 million in seed and Series A funding and $100 million in debt. The money was raised “at well over a $200 million valuation,” according to co-founder and CEO Sujay Tyle.   “We are receiving significant inbound for a Series […]

Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October […]

Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed an e-commerce platform that aims to allow SMBs and merchants to connect more directly with their consumers. With more people in Latin America getting used to making purchases digitally, the company has experienced […]

App stores saw record 218 billion downloads in 2020, consumer spend of $143 billion

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Daily Crunch: Google commits $1B to pay publishers

Google is paying a lot of money for its news licensing program, Microsoft announces an affordable laptop and Facebook says it won’t accept ads casting doubts on the election. This is your Daily Crunch for October 1, 2020. The big story: Google commits $1B to pay publishers Specifically, CEO Sundar Pichai said today that the […]

Google to pay out $1B to publishers to license content for new Google News Showcase

Google has long had a frenemy position with regards to the world of news: It can direct a lot of traffic to online publishers, but that’s only if people bother to click on links after getting the gist of the story from Google itself (and that’s before considering Google’s AMP approach on mobile that keeps […]

Lana has launched in Latin America to be the one-stop shop for gig workers’ financial needs

Lana, a new startup based in Madrid, is looking to be the next big thing in Latin American fintech. Founded by serial entrepreneur Pablo Muniz, whose last business was backed by one of Spain’s largest financial services institutions, BBVA, Lana is looking to be the all-in-one financial services provider for Latin America’s gig economy workers. […]