Welcome to our Weekly Funding Roundup. Venture capital is flowing to LatAm’s startups every week and tickets are getting bigger. While investors are sowing Seeds and waiting for them to grow before they reap, these were Latin America early-stage rounds of the week.
Medway
A bigger check, Medway, a Brazilian edtech, raised a R$ 75 million (US$ 14 million) Series A from SoftBank Latin America Fund, with participation from GFC, EquitasVC, Aggir Ventures, Scale-Up Ventures (Endeavor fund), Neuron Ventures, Allievo Capital and GrãoVC. The investment will speed up the company’s growth with Brazilian expansion, the launch of new courses, investments in technology, hiring new professionals, and improving the student experience. All products are currently offered on their platform and the Medway app.
Mara
Also, Brazilian company Mara raised a $6 million round co-led by Canary and Caffeinated Capital. Founded by experienced entrepreneurs Danilo Mansano and Ariel Lambrecht, the company was born to improve the grocery shopping experience while helping small producers and big brands to solve problems of logistics, inefficiency, and predictability in the sale of their products.
Yuno
The new Colombian fintech challenger Yuno raised $10 million in a Seed round. a16z, with participation from Monashees, Kaszek, and other Latin America’s venture capitalists participated in the fundraising for the two-month-old payments startup.
Noh
Brazil’s fintech newcomer Noh raised a Seed round of R$ 17 (US$ 3.38) million led by Kindred Ventures, from Kanyi Maqubela and Steve Jang. Positive Ventures, by Biz Stone, one of the founders ofTwitter, and Frederick Blackford; The Twenty Minute VC, by Harry Stebbings; and Propel Venture Partners by David Mort and Jay Reinemann also joined the round. The fintech intends to automate shared finances as a payment method.
This text was edited because one of the startups changed the announcement date of its round.
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