Bimbo Ventures and Sweet Capital Invest US$5m in Mexican Delivery Startup Jüsto

October 1, 2020
Bimbo Ventures Invests in Justo

Bimbo Ventures and Sweet Capital, the VC fund of Candy Crush co-founders, invested US$5m in Jüsto, a Mexican grocery delivery startup. Mountain Nazca and Foundation Capital led a US$12m follow-on investment in Jüsto in July 2020.

(TechCrunch) As it begins expanding beyond its home base in Mexico City, the on-demand, online-only grocery store Jüsto has added another $5 million in early-stage funding.

The new money came from Bimbo Ventures, the strategic investment arm of one of the world’s largest bakery companies (Bimbo), and Sweet Capital, the investment fund from the founders of King.com.

Read more at TechCrunch.

0
Facebook Twitter Google +

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

Sector Tags

agribusiness AgTech Artificial Intelligence B2B Big Data biotech Consumer/Retail delivery Digital Media & Entertainment e-commerce ecommerce EdTech Education Energy Financial Services fintech foodtech Healthcare Healthtech HRTECH Human Resources Impact Impact Investing Infrastructure IoT IT Logistics & Distribution logistics and distribution marketplace Marketplaces Mobile Private Capital Private Equity Proptech Real Assets Real Estate Renewable Energy SaaS Software Startup startups Technology Telecommunications Transportation venture capital

Geography Tags

Alquilando Argentina Argentine Austria Belize Bolivia Brasil Brazil Canada Canary Caribbean Central America Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Honduras India International INTL Israel Jamaica Japan Kenya LatAm Latin America Mexico Miami Nicaragua Pan-Regional Panama Paraguay Peru Portugal Puerto Rico South Korea Spain United States Uruguay US USA Venezuela
LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.
Asset Class *

Tweets

Keep in touch

Twitter Linkedin Youtube