startups

Angel Ventures Peru led a US$350k seed investment in FitCo, a Peruvian gym management startup that also operates in Mexico, Chile and Colombia.

Mexican venture firm GC Capital announced a first close of MX$100m for its second fund.

DST Global led a US$200m investment round in Colombian on-demand delivery startup, Rappi, which is now valued north of US$1b, as first reported by Axios.  (TechCrunch) Rappi, the Colombian on-demand delivery…

The Ministry of Production of the Nation of Argentina collaborated with the National Insurance Superintendent, ARCAP, ASEA and the insurance sector to allow Argentine insurance companies to invest in startups. Now according to the Instituciones de Capital Emprendedor (ICEs) insurance companies can invest up to 1% in entrepreneurial capital funds, in addition to previously approved capital commitments to other private capital sectors (including PPPs, infrastructure, and real estate).

Grupo Zap, which merged with VivaReal last year, is opening a co-working space for startups in São Paulo along with other real estate players.

This is a special contribution written by Andy Tsao of Silicon Valley Bank. This article also appeared on Medium.com. More than $84B of venture capital investment was made in 2017, the…

Chilean investment firm Dadneo launched its first early-stage fund, Vulcano, with US$18m to invest in emerging projects in the phase of international expansion. Dadneo has invested US$2.8m to date in TiendaNube and others. (Economía…

Brazilian accelerator WOW raised its third fund to accelerate startups. WOW has invested R$8m+ in 45 startups to date, and R$19m in new funds to invest. (Baguete) A WOW, uma…

Mexico’s lower house of Congress has approved a bill to regulate fintech startups.. The law will provide regulatory certainty around issues such as crowdfunding, payment methods and rules surrounding cryptocurrencies…

Since its deployment, Telefonica Open Future_ has evolved its investment strategy to the interests of Telefónica, and today it only invests in startups that have a clear fit with the global corporate strategy or with the local strategy of its different units of business. Thus, to date, more than 62 Latin American startups are doing business with the Telefónica Group.