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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.
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.
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.
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.
The concept of fractional ownership in real estate is not new, and in recent years we’ve seen a flurry of startups focused on the space. The pair were soon joined by Alejandro Chouza, who grew up in Mexico and saw firsthand how difficult it could be for minorities to access property ownership. And so Arrived was born.
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.
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.
There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. More debt financings means flat is the new up. On August 8, Mexico City–based expense management startup Clara announced it had been approved for financing from Goldman Sachs for up to $150 million.
A new wave of Revenue-Based Investors (“RBI”) are emerging. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Which VCs are comfortable using this approach?
TytoCare: Helping children’s healthcare from Leeds to Mexico. I would have been splattered if not for Ride Vision” Without new motorcycle safety technology from OurCrowd portfolio company Ride Vision , Eyal Nachmias is pretty sure he would be dead – or badly injured. Top Tech News. What’s driving the flood of Israeli IPOs?
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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