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Nowports raises $16M to build the OS for LatAm’s shipping industry

TechCrunch

Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. The investment brings Nowports’ total raised since its 2018 inception to over $24 million. Nowports raises $5.3 2020 was a good year for Nowports, which saw its revenue climb by 605% compared to 2019.

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Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation

TechCrunch

Nowports , an automated digital freight forwarder in Latin America, has raised $150 million in a Series C funding round which values the company at $1.1 It also marks Nowports’ third equity raise in less than one year’s time, and brings its total funding to over $240 million since its 2018 inception.

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Finix goes head-to-head with Stripe

TechCrunch

In an unusual twist, Sequoia just 1 month later walked away from the deal in which it reportedly wrote the self-described payments infrastructure company a $21 million check. Finix announced that it was becoming a payments facilitator, in addition to enabling other companies to facilitate payments. with its APIs today.

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The latest list of YC-backed companies worth over $150M is the most geographically diverse yet

TechCrunch

In 2018, Y Combinator released its first mega list of the top companies valued at $150 million or more that have gone through the accelerator. Over the past four years, it’s updated the list to reflect the current status of its most valued companies. What this means is that more companies, particularly outside the U.S.,

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Pandas wants to give Latin American businesses buying power in Asia

TechCrunch

Access to global supply chains can be difficult for small businesses in Latin America, but companies like Meru , which raised funding in March to source and import goods between Mexico and China, and now more recently Pandas , are tapping into overseas relationships and technology to make this easier.

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DeltaX wants to digitize the Andean region’s trucking sector

TechCrunch

DeltaX operates in the same space as Convoy , Loadsmart and Sennder – freight forwarding (plainly, helping companies move goods from point A to point B). Recent exits include NetComidas’ acquisition by PedidosYa and Venezuelan super app company Yummy buying up Yaigo.

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Meet Beek, a startup bringing audiobooks to LatAm with big-name backing

TechCrunch

Before graduating from Y Combinator, the Mexico City-based company actually began as a hackathon project in Austin, Texas, where Valdes was studying at the University of Texas. The company went on to raise pre-seed and seed money from investors such as Greylock and Accel. She found the company so compelling for a few reasons.

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