George Soros Puts Money on Latin America Hotels

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(WSJ) Billionaire George Soros’s investment firm has agreed to spend up to $300 million on an Argentine hotel company’s Latin America expansion, a vote of confidence in a region that has been suffering slow economic growth and waning investor interest. Read more Receives US$30m Injection of Capital

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(TechCrunch) Avenida is set on cementing its leadership position Argentina’s e-commerce market after a US$30m Series C led by Naspers with participation from Tiger Global (both firms are returning investors). Read more

Velum Ventures Invests in Argentina’s Colppy (en español)

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(Pulso Social) Wayra Argentina participant and startup Colppy, which allows independent business store and register its sales, accounting and inventory and banking via cloud, received an investment from Colombia-based Velum Ventures. Read more

IguanaFix Receives US$12m from Riverwood Capital (em português)

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(Baguete) IguanaFix, the online platform for on-demand renovations and construction, received a new investment round of US$12m from Riverwood Capital and others. Read more

NXTP Labs Selects 12 Startups for Fintech Accelerator Program (en español)

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(Pulso Social) NXTP Labs, early stage Latin American fund, launched its first Fintech accelerator program, with 12 startups selected from Argentina, Chile, Ecuador and Uruguay. Read more

Faro Capital Buys Clothing Brands Tayssir, Korda and 47 Street (en español)

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(Peru Retail) Hoping to become the main retail operator in Peru, investment fund, Faro Capital, with retail acquisition adds new brands to its portfolio. Read more

Nubelo Buys an Additional 31% of Prolancer (en español)

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(Expansión) Freelance employment portal Nubelo acquires Brazilian counterpart, Prolancer. Read more

500 Startups Closes its First Fund in Latin America and Bets on Post-Acceleration (en español)

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(Pulso Social) Three years after launching its Latin American fund known as 500 Luchadores, 500 Startups announces that it has successfully completed its investment period, with Meixco leading in number of investments and Arngeitna coming in second. Read more

Netshoes Receives US$45m Investment from Riverwood Capital & the IFC (em português)

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(E-Commerce News) Netshoes announced receiving a third investment of US$45m from Riverwood Capital, a venture capital fund specializing in technology, and the International Finance Corporation, a member of the World Bank. Read more

Brazil’s Pitanga Invests in Argentinian Startup Stallogic (em português)

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Venture Capital fund Pitcanga invested in Stallogic, an Argentinian startup aiming to revolutionize the Satellite industry with low-cost satellite production. Read more