“Hope sometimes consists only of an question without an answer” - Clarice Lispector (Brazilian novelist)
February 8, End Of Day
Gamefic: Elevating company performance through the power of gamification. They address the contemporary challenge of maintaining employee engagement, especially in the era of remote work. They have over 60 clients utilizing their gamification solution and have generated more than 300k in revenue in 2023. Dive deeper into the case here.
Food4You: Embarking on a mission to transform the plant-based food industry, Food4You utilizes a biotech platform to enhance the texture, flavor, and nutritional profile of products. With significant interest from industry giants like Grupo Harmony and NotCo, Food4You is leading the way in biotech solutions for plant-based foods. Dive deeper into the case here.
Lizit: Their platform is designed to streamline the management of rental assets, offering a comprehensive booking interface for both in-store and online reservations. A notable achievement includes securing a long-term contract with Sodimac Colombia, showcasing their industry impact and potential for growth. Dive deeper into their case here.
Dive deeper into other fundraising firms in LatAm here.
Just published, CB Insights’ report "2024 Tech Trends" provides a nice overview of what we can expect for this year, pinpointing critical technological advancements across various sectors. As we delve into the insights, it becomes clear that the future is now, with groundbreaking developments reshaping the landscapes of AI, healthcare, financial services, cybersecurity, and more. Key takeaways:
1. AI trends:
- The GPU shortage is pushing companies towards innovative computing solutions and efficiency optimization in AI development.
-The rise of multimodal AI across corporations and the burgeoning use of synthetic data for training robust AI models underscore the industry's adaptability.
2. Enterprise trends:
- The expansion of DIY software development is revolutionizing traditional engineering structures by enabling those without formal coding skills to create applications, highlighting a shift towards more accessible technology creation.
- The global employment and payroll sector is experiencing a significant transformation.
3. Cybersecurity trends:
- With AI technologies both enhancing defense mechanisms and enabling more sophisticated cyber attacks, evidenced by a significant uptick in phishing attacks and overall cyber incidents.
4. Financial services & insurance trends:
- The banking sector is experiencing AI FOMO, with banks racing to integrate AI for operational efficiency and competitive advantage.
- Blockchain faces an uphill battle amidst the AI hype.
5. Healthcare & life sciences trends:
- The race for AI-driven drug discovery is accelerating, with small-molecule drugs at the forefront.
- Digital therapeutics and wellness sectors are undergoing consolidation, facing challenges like lack of payer support and reimbursement issues.
Brazil: The Amazon Fund received $640 million in pledges for the Brazilian rainforest's sustainable development, from donors including the Biden Administration and European countries, in 2023. Managed by Brazil's National Development Bank, the fund has $610 million for conservation projects. The decline in deforestation under President Lula has attracted more international support, reinforcing the fund's mission to combat deforestation and promote sustainable use of the Amazon, vital for global climate change mitigation.
El Salvador: President Nayib Bukele's landslide re-election in El Salvador, securing around 83% of the vote, underscores public support for his anti-gang initiatives and governance style. His New Ideas party's dominance in the legislature reflects trust in his leadership, particularly in security improvements. However, the concentration of power sparks concerns about the impact on democratic institutions and civil liberties in El Salvador.
Argentina: After a setback in Congress regarding a comprehensive economic reform package, Argentine President Javier Milei's government is exploring ways to revive the bill. Key elements of the proposal, aiming to overhaul state entities and enhance presidential powers among other regulatory changes, were rejected, prompting considerations of splitting the bill or holding a national referendum for support
Let's get into FoodTech! 🐠🥑
Lauri Reuter, Founder & Partner at Nordic Foodtech VC, joins us as we go through FoodTech startup pitch decks and shares his insights and perspective as an active investor in the space.
Thanks to the startups included!
AQUIT: addressing the challenges of sustainable aquaculture with a natural immunity booster and a focus on replacing antibiotics.
Superfrutti: revolutionizing the Agtech and Foodtech industries by connecting farmers with business owners through technology.
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