"The truth lies in how a story is told." - Edmundo Paz Soldán (Bolivian writer)
February 29, End Of Day
Fiweex: Fiweex is revolutionizing business operations in LATAM by digitizing processes and leveraging data analytics to fuel growth. With a robust subscription base of over 2,500 businesses across Colombia, Chile, and Paraguay, Fiweex has established a strong MRR of $65,000. Dive deeper into the case here.
Tani: Tani is redefining healthcare delivery as a virtual clinic for medical procedures. With over 700 surgeries performed and a 97% Net Promoter Score, Tani demonstrates exceptional patient satisfaction. They achieve 20-30% margins through volume pricing from clinics and provide 50-90% of the demand for surgeons. Dive deeper into the case here.
Qurable: Qurable’s innovative approach allows businesses to launch loyalty programs 10 times faster, with interoperability between brands and without sharing users’ personal data. They are supported by major enterprises like Adidas, L’Oreal, SkyAirlines, and Despegar. Dive deeper into the case here.
Dive deeper into other fundraising firms in LatAm here.
Data underscores the significant variability in Series B round sizes, highlighting a broad spectrum from modest millions to substantial tens of millions. The third quarter of the previous year saw a median Series B round of $15 million, with those in the lower 10th percentile managing $3 million and those in the upper 90th percentile securing $60 million. This range not only illustrates the diversity of startup valuations and strategies but also reflects shifts in the venture capital landscape, particularly in comparison to the fervent investment climate of 2021 and 2022.
The evolution of round sizes over recent years reveals a nuanced picture. For instance, while the market's peak during the pandemic saw across-the-board increases in funding amounts, recent quarters have shown more varied trends. Specifically, while top-tier startups continue to attract larger investments, indicating investor confidence in their premium potential, the middle and lower ends of the market have seen relatively stagnant round sizes. This suggests a more cautious approach to funding, possibly as a response to broader economic uncertainties or a recalibration of investment strategies post-pandemic boom.
Recent series B news from LatAm:
Mexico: Amazon Web Services (AWS) announced a $5 billion investment in a new data center cluster in Queretaro, Mexico, part of a broader strategy to enhance cloud services amid growing demand and the nearshoring trend. This move, spread over 15 years, is expected to support various sectors by offering cost-effective cloud computing solutions and aligns with Mexico's efforts to attract such investments through tax incentives, although AWS did not confirm receiving any direct fiscal benefits.
Brazil: During Brazil's G20 presidency, President Luiz Inacio Lula da Silva focuses on elevating the Global South's role in global decision-making, advocating for updates to the UN system and increased representation in global financial institutions. Lula emphasizes reducing hunger, poverty, and combating climate change, with efforts including the African Union's full participation in the G20.
Argentina: Argentina's markets are showing increased confidence in President Javier Milei's economic strategy, highlighted by a fiscal surplus and austerity measures that have appealed to investors, pushing bond values up and reducing the country's risk index. Despite facing social unrest due to spending cuts, Milei's policies have strengthened the peso and adjusted investor expectations for its future value.
🌍 Investing Insights: Africa and Latin America
Henry Ukoha, Head of Africa Investment and Partner at Expert Dojo, joins us and shares his experiences investing in the dynamic investment landscapes of Africa and Latin America.
While still actively engaged in African markets, Henry is increasingly drawn to the exciting opportunities in Latin America. This interest is mainly due to:
Henry also shares his thoughts on his African investing journey so far, among them:
