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Corporate Training Digital Marketing Education Information Technology South America

Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage

– Digital House, a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding.
– Notable investors are Mercado Libre and Globant.
– The raise brings Digital House’s total funding raised to more than $80 million since its 2016 inception.
The Rise Fund led a $20 million Series B for Digital House in December 2017, marking the San Francisco-based firm’s investment in Latin America.
– Nelson Duboscq, CEO and co-founder of Digital House, said that accelerating demand for tech talent in Latin America has fueled demand for the startup’s online courses.
– Since it first launched its classes in March 2016, the company has seen a 118% CAGR in revenues and a 145% CAGR in students.

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Information Services Property Management Real Estate Rental Property South America

Real estate platform Loft raises $425M at a $2.2B valuation in one of Brazil’s largest venture rounds

– Loft, a digital real estate platform, raised $425m funding.
– The round was led by D1 Capital Partners and joined by new and existing investors.
– It values Loft at $2.2 billion.
– The company plans to use the funding to expand its presence in Brazil.

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Financial Services South America

Vortx Raises $35M in Series B Funding

– Vórtx, a tech-enabled corporate and trust service provider for fund managers and corporate issuers, raised $35m in Series B funding.
– The round was led by FTV Capital.
– The new investment will be used to accelerate technology enhancements and market presence in the financial back-office market.

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Financial Services South America

Vórtx Secures $35 Million (USD) Growth Equity Investment from FTV Capital

– Vórtx, a tech-enabled corporate and trust service provider for fund managers and corporate issuers in Brazil, today announced it has raised $35 million in Series B funding, led by FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing.
– The funding will be used to accelerate Vortx’s technology enhancements and market presence in the financial back-office market, as the alternatives market in Brazil continues to accelerate.
– Vortx was founded in 2015 by capital markets experts Juliano Cornacchia and Alexandre Assolini, and has since become a one-stop shop for fund managers and corporations alike, through its comprehensive core offering for fund administration and corporate services.

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E-Commerce E-Commerce Platforms Information Technology Retail Technology SaaS South America

Nuvemshop Raises $90M in Series D Funding

– Nuvemshop from Sao Paulo, Brazil, raised $90m in Series D funding.
– The round was led by Accel with participation from ThornTree Capital and existing investors Kaszek, Qualcomm Ventures LLC, as well as e-commerce leaders including Mike Micucci (former CEO of Salesforce CommerceCloud), Mark Lavelle and Mark Lenhard (former CEO and SVP of Strategy at Magento, respectively), Jamie Sutton (former Head of Tech Partnerships at Shopify), Kevin McKeand (former Head of Strategic Partnerships at BigCommerce), and Minesh Shah (COO of Stitchfix).

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Beauty Cosmetics Direct Sales E-Commerce South America

Social commerce startup Elenas raises $6M and plans for international expansion

– Colombian startup Elenas says it’s helping tens of thousands of women make money by selling products online.
– The company announced that it has raised $6 million in Series A funding.
– The round was led by Leo Capital, FJ Labs, Alpha4 Ventures and Meesho.
– The company plans to expand across Latin America, starting with Mexico and then Peru.

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Computer Software South America

Demetria Emerges from Stealth With $3M in Seed Funding

– Demetria, a Bogota, Columbia- and Herzliya, Israel-based AI-powered taste and quality intelligence SaaS startup for the coffee supply chain, emerged from stealth after closing a $3m seed funding round.
– The round was led by LatAm-Israeli investor Celeritas and a group of private investors including Mercantil Colpatria, the investment branch of Grupo Colpatria, a player in the Colombian financial sector.

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Financial Services FinTech Mobile Payments South America

RecargaPay closes a $70 million Series C

– RecargaPay, a Brazil-based fintech that allows users to top off their prepaid cell phones online, announced this morning that they’ve closed their $70 million Series C.
– The company, which operates solely in Brazil, was launched in 2010 by Miami-based serial entrepreneur Rodrigo Teijeiro, who is co-founder and CEO.
– Unlike in the U.S. where most people have a cell phone plan through a major carrier, in Brazil — a country where the minimum wage is currently $1,100 reals per month (roughly $202 USD) — many people must buy calling cards at local shops to add credit to their phones, which allows them to avoid a monthly recurring bill.

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FinTech South America

Treinta announces $500K+ in funding for its microbusiness financial app

– Treinta, a startup that is part of the Winter 2021 Y Combinator cohort, announced this morning that it has raised north of half a million dollars for its bookkeeping and inventory management software aimed at Latin American small businesses.
– The capital was raised between a small friends-and-family round, Y Combinator’s investment in Treinta and another $220,000 that it closed in early 2021.
– The company, based in Bogotá, Colombia and currently sporting a team of 13, is working to bring digital transformation to the smallest of enterprises: namely single-operator small stores.

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