Latin America (LATAM) has emerged as a prominent contender in the global startup and venture ecosystems. This dynamic region, still in the early stages of its digitization journey, experienced an explosive growth in its venture capital (VC) market in the wake of the pandemic. This surge in VC activity not only buoyed the region's entrepreneurial spirit but also saw an abundance of capital flowing into LATAM throughout 2021 and 2022. This piece will take a deeper look into ten LATAM startups that have secured notable VC within the past few years.
BuiltWorlds is excited to return to Miami for the 2023 Venture East Conference this November. Our comprehensive event is dedicated to covering global venture investing and venture capital insights within the realm of construction and emerging technologies in the build world. This conference will place a special emphasis on AEC venture activities in LATAM and delve into the future trajectory of this sector at large.
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Loft
$425M | Series D | March 2022
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- Year Founded: 2018
- Country: Brazil
- Investors: Led by ADQ, including notable names like Andreessen Horowitz, Altimeter, Baillie Gifford, BTG Pactual, Cercano, Citi Ventures, CPP IB, D1 Capital, DST, Fifth Wall, GIC, Monashees, QED Investors, Silverlake and Valor
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Loft is reinventing the process of buying and selling real estate in Brazil by leveraging technology and data to transform painful and bureaucratic processes into simple and delightful experiences. At Loft, you can sell your apartment instantly for a fair price or find your next perfect home ready for move-in.
QuintoAndar
$300M | Series E | May 2021
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- Year Founded: 2013
- Country: Brazil
- Investors: Led by Ribbit Capital included participation from SoftBank’s LatAm-focused Innovation Fund, LTS, Maverik, Alta Park, an undisclosed U.S.-based asset manager fund with over $2 trillion in AUM, Kaszek Ventures, Dragoneer and Accel partner Kevin Efrusy
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QuintoAndar is a Brazilian technology company that was created to simplify the lives of those looking for a new home by providing a platform for individuals to easily buy, sell, or rent properties. The company is aiming to change the real estate market with a pioneering business model in the world. QuintoAndar is now available in more than 20 Brazilian cities and is looking to stretch its wings internationally.
Tul
$181M | Series B | January 2022
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- Year Founded: 2020
- Country: Colombia
- Investors: Led by 8VC and extended by Avenir Growth Capital, with Coatue, Tiger Global and SoftBank Latin America Fund
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Tul is a mobile app and B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America. Launched in March 2020, its vision is to fully digitize the operations of remote, local hardware stores which represent 50% of the region’s construction material sales. Tul operates in Colombia, Ecuador and Mexico with plans to expand into Brazil and other Latin American markets. Tul’s platform has more than 4,000 products available, leveraging more than 8,000 hardware stores, and offering more than 50 brands.
Solfàcil
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- Founded in 2018 in Brazil
- Stage Raised: Series C
- Amount Raised: $130M in September of 2022
- Investors: Led by US venture capital fund QED Investors, and followed by SoftBank, VEF, Fifth Wall, and Valor Capital Group
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Solfàcil is empowering people through the sun. They are the main ecosystem of solutions for solar energy generation in Brazil and the first solar fintech platform in Latin America. They provide access to the best payment terms and grace periods on the market, with credit pre-analysis with real-time response. Solfàcil offers more than 18,000 solar kit options from the most used brands on the market, enabling fast, tracked, and guaranteed delivery.
DD360
$91M | Growth Capital | August 2022
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- Year Founded: 2021
- Country: Mexico
- Investors: Led by Creation Investments
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DD360 is an online platform for financing and managing residential projects, which operates bridge and pre-bridge loans for developers, as well as mortgage loans for final consumers. It has financed more than 115 developments built and marketed in approximately 4 years within the real estate finance and investment market. The firm participates in the best residential projects in the city and helps developers finance and position their properties. Through its digital ecosystem, it supports developers from the pre-financing of the project to the commercialization of the residential units, all through cutting-edge technological solutions, thus breaking the traditional scheme of credits in the real estate sector.
Pachama
$55M | Series B | May 2022
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- Year Founded: 2018
- Country: Argentina
- Investors: Led by venture capital firm Future Positive and backed by investors including former talk-show host, Ellen Degeneres
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Pachama is a technology company with the mission of restoring nature to solve climate change. By harnessing satellite data and machine learning, they are scaling verification, monitoring, and exchange of nature-based carbon credits, helping enterprises achieve Net Zero targets.
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Bright
$31.5M | Series C | June 2023
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- Year Founded: 2014
- Country: Mexico
- Investors: Led by the Danish SDG Investment Fund, joined by various family offices and high-net-worth individuals
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Bright is a solar energy company that combines the best tech with the best and most innovative talent in Mexico, all backed by Silicon Valley capital. The company’s mission is to make it easy and safe for homeowners and business owners in Mexico to choose a clean energy source that’s good for not only their wallet but also for their health and for our planet. With over 2,700 clients across Mexico and industry-leading partners such as Costco and Liverpool, Bright is proud to offer a solar subscription service that makes it fast and simple to choose a sustainable solution for your home or business.
Arrenda
$26.5M | Seed | July 2022
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- Year Founded: 2018
- Country: Mexico
- Investors: Led by Fasanara Capital, Kube Ventures, ODX, Toehold Ventures, Wharton Fintech, Lightspeed Venture Partners Scout Fund, PRMM Inmobiliaria, other investors
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Arrenda extends financing and payment technologies to the rental real estate sector with cutting-edge, secure, and constantly evolving technological products. Adelanta is Arrenda's flagship product. It is a revenue-based financing product that allows property owners to advance the payment of their rents and receive the money upfront in a single payment.
Mudafy
$10M | Series A | August 2022
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- Year Founded: 2019
- Country: Mexico
- Investors: Led by Founders Fund, IDC Ventures
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Mudafy is a tech-enabled real estate broker that makes it easier for people to buy and sell their homes. Mudafy is the largest marketplace end-to-end in Mexico and Argentina regarding listings (55,000+) and has over 1M monthly active users. Mudafy is backed by Founders Fund and YCombinator.
Solvento
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- Founded in 2021 in Mexico
- Stage Raised: Seed
- Amount Raised: $5M in October of 2022
- Investors: Ironspring Ventures, Quona Capital, Proeza Venture, Dynamo Ventures, Zenda Capital, Susa Ventures, 9Yards Capital, Supply Chain Collective, Alexis Patjane and Felipe Capella
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Solvento is building the payment infrastructure for the trucking industry in Mexico. The company helps shippers, logistics operators, and carriers to make their payment processes extremely easy. Their platform aims to strengthen the supply chain by providing tools that are dependable, flexible, and simple to use. Solvento automates payments, finances invoices, and meets truckers' liquidity needs, allowing them to concentrate on their operations and growth.
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