Burea, a Puerto Rican mobile analytics platform for offline sales, raised US$2m from unnamed local investors. Burea was accelerated at Parallel18. (El Nuevo Día) La empresa de tecnología boricua Burea…
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Morro Venture Partners, under parent company Advent-Morro Equity Partners, launched a US$20m early-stage VC fund to invest in Puerto Rican technology as well as startups that can utilize Puerto Rico to pursue…
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Puerto Rican investors Allison Kern and Cyril Meduña have launched Morro Ventures, an institutional investment fund which will focus on early-stage technology companies. (El Nuevo Dia) Invertir para retener. Con esa…
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Chile’s Activa Alternative Assets has sold Chilean processing and software services company PayGroup to Evertec, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. (LexLatin) Evertec Group,…
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Puerto Rico accelerator Parallel18 invested US$75k each (US$225k total) in Puerto Rico’s Brands Of, Brazil’s Timokids, and Argentina’s Be Better Hotels to expand operations in Puerto Rico. Paralell18 also announces…
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Caribbean Restaurant Inc. (CRI), the Puerto Rican Burger King franchisee acquired by private equity firm Castle Harlan, launched an expansion into Mexico as the master franchisee of Firehouse of America,…
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(PEHub) Darby Private Equity has acquired a majority stake in Acrecent Financial Corp., a commercial finance company operating in Puerto Rico and the Caribbean. No financial terms were disclosed. Darby…
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(Bloomberg) Apollo Global Management is planning to sell its remaining 11.2% stake (9.2m shares) in Evertech, a Puerto Rico-based transaction processing business in Latin America and the Caribbean. The company…
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(Reuters) Apollo Global Management LLC-backed payment processor Evertec Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common shares. Apollo-backed Payment…