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Posts Tagged ‘brazil’

Nowports raises $5.3 million to become Latin America’s digital shipping answer to Flexport

Nowports, a developer of software and services to track freight shipments from ports to destinations across Latin America, has aims to become the regional answer to Flexport’s billion-dollar digital shipping business. Almost 54 million containers are imported and exported from Latin America each year, and nearly half of them are either delayed or lost due ...

Why is Andreessen Horowitz (and everyone else) investing in Latin America now?

Investments by U.S. venture capital firms into Latin America are skyrocketing and one of the firms leading the charge into deals is none other than Silicon Valley’s Andreessen Horowitz . The firm that shook up Silicon Valley with potentially over-generous term sheets and valuations and an overarching thesis that “software is eating the world” has ...

A trove of leaks show that Brazil’s “anti-corruption” task force was secretly trying to oust Lula and install a far-right strongman

The "car wash" scandal that shook up Brazil's politics led to the imprisonment of the beloved president Lula, followed swiftly by his neoliberal/looter successor Michael Temer, creating the political chaos that paved the way for the election of Jair Bolsonaro, a violent, homophobic, racist autocrat who advocates for torture/****** of his political ...

China’s Didi kicks off expansion in Latin America with moves into Chile and Colombia

The wheels are turning on Didi Chuxing’s first major expansion in Latin America after the Chinese ride-hailing firm announced moves into Chile and Colombia to double its presence in the region. Didi said it rolled into Valparaiso, Chile’s third largest metropolis, and Colombian capital city Bogota this week. The company plans to expand beyond those ...

The Stanford connections behind Latin America’s multi-billion dollar startup renaissance

The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get. But it was in one of those houses, about ...

Less than 1 year after launching its corporate card for startups, Brex eyes $2B valuation

Kleiner Perkins is leading the round for Brex. ...

New study shows human development is destroying the planet at an unprecedented rate

“We are eroding the very foundations of our economies, livelihoods, food security, health and quality of life worldwide.” That’s the word from Sir Robert Watson, the chair of a massive multinational research effort to survey the impact of human development on the natural world. In the most comprehensive effort undertaken to date, some 145 expert ...

WorldCover raises $6M round for emerging markets climate insurance

WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y-Combinator, Western Technology Investment, and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones, and data analytics to create insurance options for farmers whose crops ...

SoftBank makes a huge bet on Latin America

Rappi, an on-demand delivery startup, is raising $1 billion from the Japanese telecom giant. ...

Naspers-owned PayU doubles down on India with $70M deal to buy Wibmo

PayU, the Naspers-owned payments company that competes with the likes of PayPal but focuses mainly on emerging markets, has made an acquisition to expand its business in India. It has acquired Wibmo, a startup based out of the US (Cupertino, to exact) that mostly operates in India. PayU is paying $70 million for the startup, ...