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Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. The $31 million in equity consists of a new $26 million Series A and a previously unannounced $5 million seed round. […] ....
Share: New York-based Mundi, a financial tech platform aimed at facilitating U.S.-Mexico trade, announced Tuesday it raised $7.8 million in a seed round. Base10 led the financing round that also included FJ Labs, which helped incubate Mundi when the company was founded by Martin Pustilnick last year. COVID-19 has shown that small and medium-sized businesses (SMBs) are carrying multiple financial risks when trading internationally, such as nonpayment, lack of working capital and currency exposure, Pustilnick told FreightWaves. We support Mexican exporters and freight forwarders by offering payment terms on their behalf, allowing them to focus on running their businesses and eliminating other risks. ....
Valoreo closes on $50M to roll up LatAm e-commerce brands A new breed of startups is acquiring and growing small but promising third-party merchants, and building out their own economies of scale. And while there are a number of such startups based in the U.S. and Europe, none had emerged in the Latin American market. Until now. Valoreo, a Mexico City-based acquirer of e-commerce businesses, announced Tuesday that it has raised $50 million of equity and debt financing in a seed funding round. The dollar amount is large for a seed round by any standards, but most certainly ranks among the highest ever raised by a Latin American startup further evidence of increased investor interest in the region’s burgeoning venture scene. ....
Share this article MEXICO CITY, Feb. 16, 2021 /PRNewswire/ VALOREO’s founding team (from left to right): Miguel Oehling, Martin Florea, Alexander Grüll, Stefan Florea and Cedrik Hoffmann (PRNewsfoto/VALOREO) VALOREO (www.valoreo.com) is building Latin America s next-gen consumer holding with a focus on acquiring, operating, and scaling e-commerce businesses across the region. Headquartered in Mexico, VALOREO consolidates companies with outstanding brands that sell category-leading products online and also develops its own brands in-house. With the mission to bring better products at more affordable prices to the Latin American consumer, VALOREO is the first mover in Latin America and has already ramped up its operations. E-commerce merchants have now the possibility to sell their businesses and see their brands reach new heights through VALOREO s consolidated operations, sophisticated infrastructure, and the team s deep expertise across investing, e-commerce, bran ....
Posted on 364 Jüsto (or “the Company”), a leading online grocer in Mexico, today announced it has raised a USD $65 million Series A investment led by General Atlantic, a leading global growth equity firm, with participation from existing investors including Foundation Capital and Mountain Nazca. The growth investment marks the largest Series A round raised in Latin America 2 and will support Jüsto’s future strategic initiatives, including the expansion of the Company’s geographic footprint across Mexico and Latin America, the enhancement of its last-mile logistics infrastructure, marketing initiatives, and additional working capital needs. Jüsto was founded in 2019 by CEO Ricardo Weder as one of Mexico’s first vertically-integrated, online grocery platforms with no physical store presence. Over the past 18 months, Jüsto has developed into an emerging leader in the transformation of the digi ....