Despegar.com to Land on Wall Street in 2016 (en español)

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(La Nacion) Online travel agency Despegar.com, which is backed by Tiger Global, General Atlantic and Sequoia Capital, its planning to make its IPO on the Nasdaq in late 2016/early 2017. Read more

Advent’s Grupo Biotoscana Acquires Laboratorio LKM

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(Press Release) Pharmaceutical company, Grupo Biotoscana SL in Latin America controlled by Advent International, announced it has completed the acquisition of Laboratorio LKM, a specialty pharmaceutical manufacturer based in Argentina. Read more

Social Ad Startup Funnely Raises Seed Funding From Verizon Ventures

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(TechCrunch) Funnely, a startup that helps e-commerce companies automate and improve their ad campaigns on Facebook and Instagram with operations in Argentina, has raised US$988k in a seed round led by Verizon Ventures. Read more

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

Avenida.com 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 R$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 R$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

PasajeBus.com Raises US$500k with a View on Argentina and Peru (en español)

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(Pulso Social) PasajeBus.com, real-time Chilean bus tickets platform, raised US$500k from angel investors. With this last round, PasajeBus.com aims to increase its market share in Chile as well as expand to other Latin American countries, namely Argentina and Peru. 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