TLDR:
- Nextron raised $5.2M in Series A funding for renewable energy services in Brazil
- Grupago secured $4.3M seed funding for SMB credit in Latin America
Article Summary:
The Latin American region saw significant startup funding activity in Week 11. Nextron, a Brazilian climate tech firm, raised $5.2 million in a Series A round to democratize access to clean energy through their energy-as-a-service platform. Grupago, a Mexican fintech startup, secured $4.3 million in seed funding for SMB credit services in Latin America.
Salvadoran Insurtech Sostengo closed a $3.8 million seed financing round for their digital car insurance solution, with an additional $1 million secured for expansion into the US market. Foccuz, a SaaS platform, raised $700,000 for their “Sales Copilot” solution to enhance sales team efficiency, with plans for market penetration in Mexico. Proffer, a Brazilian SaaS platform specializing in pharmaceutical pricing, received $600,000 in seed funding to expand their pricing solutions in the retail and distribution sectors.
