TLDR:
Latin American startups raised over US$500mn in May, with Brazil leading the way. Brazil has over 280 active logtechs, with delivery management startups being the largest category. Vivo appointed a new managing director for its VC units to accelerate engagement with startups. Kanastra raised 110mn reais in a Series A round led by Kaszek. Aster in Chile opened applications for startups in the mining industry. Felix Pago raised US$15.5mn for remittances. Loopay in Colombia secured US$10mn to expand operations. AgroUrbana received a US$6mn investment for vertical agriculture. Semexe in Brazil raised 4mn reais for its online marketplace. NTT DATA and Fundación Chile launched eAwards Chile 2024 for tech startups.
Latin American startups closed May with 63 investment rounds totaling over US$500mn, the highest since October 2022.
Brazil has over 280 active logtechs, with delivery management startups being the largest category.
Philip Trauer was appointed as the new managing director for Vivo’s VC units to accelerate engagement with startups.
Kanastra raised 110mn reais in a Series A round led by Kaszek to scale up its business.
Chilean startup accelerator Aster launched its sixth call for startups focused on the mining industry.
Felix Pago raised US$15.5mn for its WhatsApp remittance business targeting Latin American workers in the US.
Colombian fintech Loopay secured US$10mn to boost operations in Colombia and Ecuador with treasury management solutions.
AgroUrbana, a Chilean agtech focused on vertical agriculture, received a US$6mn pre-Series B investment.
Brazil’s Semexe raised 4mn reais to expand its online marketplace for used sports equipment and embrace the circular economy.
NTT DATA and Fundación Chile launched eAwards Chile 2024 to support tech startups working on social impact projects.
