Invariantes, an investment firm from Guatemala, recently revealed a $30 million fund aimed at backing startups in the US and Latin America. The fund employs a hybrid approach, with half of the capital allocated for investments in emerging VC funds and the other half for direct investments in early-stage...

LATAM's three largest space tech countries are Brazil, Argentina, and Mexico.Brazil has the most advanced space program in the region, with the National Institute for Space Research (INPE) and the Brazilian Space Agency (AEB) being the primary space organizations. Brazil has developed and launched...

Some stats from the region. Chile was the only major tech country that received more investments in Q1 2023 vs. Q1 2022. Brazil faced a huge drop between Q1 of 2023 and 2022 = -93%. Top 3 countries in terms of capital investments in Q1 2023:Brazil = 150M USDChile = 96M USDMexico = 96M USD...

Visa, the credit card giant, is making a significant move in the fintech space with its acquisition of Brazilian startup Pismo for $1 billion. Pismo offers a cloud-native platform for payments infrastructure and core banking services, serving big-name customers including Citi, Itaú, and Revolut...

In May 2023, the VC investment landscape in LATAM displayed positive signs with 70 funding rounds and a total investment of 250 million USD. The average round size was 5.3 million USD, indicating a diverse range of investment sizes. Additionally, there were 15 mergers and acquisitions (M&As)...

The Bolivian entrepreneur Marcelo Claure, former COO of SoftBank, has launched a new venture firm called Bicycle Capital, targeting a $500 million fund. The firm will focus on startups in Latin America and plans to invest in about 10 to 15 companies, primarily in Series B and later rounds. Other VC funds..

Uruguayan-based company Nocnoc has raised $14 million in Series A funding, led by PayPal Ventures, to facilitate cross-border e-commerce between Latin American merchants and global sellers. Nocnoc's platform allows online merchants to upload their product catalog and sell on various marketplaces...

A new venture capital fund, Lab+ Ventures, is targeting Latin American science startups in the life sciences sector and has managed to secure funding from family offices and wealthy investors, despite a funding crunch. The fund aims to raise $10 million in its first funding round and has commitments for…

Brazilian fintech firm PagSeguro Digital exceeded expectations with a 6% increase in its first-quarter profit, driven by payment processing revenue and market share gains. The company reported net profits of 370 million reais ($73.95 million) and a 9% growth in net revenue, while total payment volume...