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Brazil’s Nuvemshop raises $500M at a $3.1B valuation months after last raise

TechCrunch

Sunley House Capital and VMG Partners, as well as existing backers Accel, Kaszek, Kevin Efrusy, Qualcomm Ventures LLC and ThornTree Capital also participated in the latest round. The new product will be made broadly available to all merchants over the course of the next year.

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Kocomo raises millions to give people a way to co-own a luxury vacation home

TechCrunch

Kocomo is a Mexico City-based startup that wants to help make that dream a reality. We are focused initially on Americans and Canadians wanting to buy a vacation home in Mexico, the Caribbean and Costa Rica and then eventually we will be doing the same in Europe,” said Martin Schrimpff, co-founder and CEO of Kocomo.

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Pacaso raises $75M, goes from launch to unicorn in 5 months

TechCrunch

In addition to the equity financing announced today, San Francisco-based Pacaso has also secured $1 billion in debt financing from First Republic Bank and funds managed by affiliates of Fortress Investment Group LLC. It eventually plans to also expand globally — in Europe and potentially in Mexico and the Caribbean.

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Argentine fintech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round

TechCrunch

SoftBank Latin America Fund and affiliates of China-based Tencent co-led the round, which included participation from a slew of existing backers, including funds managed by Soros Fund Management LLC, funds managed by affiliates of Goldman Sachs Asset Management, Ribbit Capital, Greyhound Capital, Monashees and Endeavor Catalyst.

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Cruise and Waymo score a win and a surprising deal between electric aircraft rivals

TechCrunch

When a company adds a business unit, I wonder if it’s in trouble and looking for new ways to secure revenue. Xie says that Veo is still operating profitably and sees moving into retail as a good way to expand into new markets. In other news . . . Bird has another new CEO. The Cosmo X starts at $3,499. Bird has just –$1.8

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Brazilian fintech Creditas lands $4.8B valuation and Fidelity as an investor after revenue jumps in 2021

TechCrunch

It’s a robust start to a new year that follows one which saw venture investments into fintech startups in Latin America skyrocket — to over $13.2 Notably, Fidelity Management & Research LLC led Creditas’s latest investment, which also included participation from other new investors Spanish fintech fund Actyus and Greentrail Capital.

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Brazil’s idwall raises $38M for identity validation platform

TechCrunch

GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million. Part of that includes using its new capital to recruit more developers, strengthen its existing products and release new ones.