Contxto – Google recently funded the construction of a 10,000 km submarine cable linking California to Chile. Since wrapping up on April 23, this is the latest development from the multinational tech company’s US$47 billion budget to bolster cloud computing infrastructure. In Summary Dubbed as project “Curie,” the massive optical fiber pipeline links the Equinix […]
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Posted inColombia
Micromobility startup Lime expands to Bogota
Contxto – One of the world’s largest micromobility companies, Lime, just went through a growth spurt in Colombia. Last week, the California-based startup expanded services to Bogota while also announcing plans to debut in Medellin later this year. In Summary Following Lime’s arrival to Cali last year, the electronic scooter sensation continues in Colombia seeing […]
Posted inMarket Map
Latin America’s top 10 tech hubs ranking in 2019
Contxto – Based on the rankings of tech hubs published by StartupBlink in 2019, it appears as though 16 Latin American countries have landed in the global ranking. Upon careful analysis, there were some interesting developments. For example, Chile replaced Mexico as the regional leader in the tech world. At the same time, countries saw […]
Posted inPeru
Glovo acquires Peru’s Domicilios.com, announces US$169 million Series D
Contxto – Glovo has thrown the world for a few curveballs over the past 24 hours, the first being its departure from Chile. As of today, the Spanish home delivery app ceased to exist in Chile based on low turnovers and inability to retain market share. In spite of this obstacle, Glovo recently acquired Peruvian […]
Posted inChile
Glovo leaves Chilean market behind after financial hardships
Contxto – Until recently, it looked like Spanish home delivery app Glovo was going to secure a substantial market share in Latin America. This no longer appears to be the case following some setbacks in Chile. Last week, the company announced that it will abandon the South American country due to some hefty financial losses. […]
Posted inColombia
Kiwi Campus seeks to expand to 12 more college campuses
Contxto – Kiwi Bot, the Colombian delivery startup based in the United States, is currently experimenting with a different operational approach, according to TechCrunch. For that matter, it plans to expand its food delivery services across U.S. college campuses. In Summary In hopes of launching to 12 more U.S. college campuses, the CEO and co-founder, […]
Posted inGovernment, News, Startups, Technology, Venture Capital
Movo raises US$22 million to bring more scooters to Latam
Contxto – Spanish micromobility startup, Movo, recently raised over US$22 million to introduce services in Argentina, Brazil and Uruguay as part of its Latin American growth campaign. In summary The milestone came into fruition with assistance from insurer Mutua Madrileña. Also involved was venture capital firm Seaya Ventures, and holding company, Cabify. Investors wanted to […]
Posted inMarket Map
6 amazing startups in Mexico challenging mobility
Contxto – With the huge population index that Latin America handles, mobility options must evolve alongside their respective markets. Instead of driving or taking potentially unsafe buses full of passengers, these startups in Mexico prove alternatives ranging from car-hailing, bicycles, all the way up to electric scooters. [googleapps domain=”docs” dir=”spreadsheets/d/e/2PACX-1vQehZ5PBZj51UBMOTLjfz3-qrNHA7Eu_1sAKdjsFEiMPcaieNUHhmXzKC2g_7ovNej57QCqhaR2Uhmo/pubchart” query=”oid=1391397320&format=interactive” width=”600″ height=”371″ /] According […]
Posted inMexico
This Mexican startup makes bills and coins obsolete
Contxto – I love Starbucks, though not exactly for its coffee. Personally, I find it so convenient to pay for goods with a QR code. Whenever I visit a regular coffee shop, I always have to carry plenty of coins just to make the purchase. Bruh, that’s so inconvenient. Well, not anymore. Imagine paying for […]
Posted inColombia
Merqueo gets US$14 million in Series A investment round to revolutionize grocery shopping
Contxto – A budding online grocery startup from Colombia, Merqueo, just raised US$14 million during a Series A round with Portland Private Equity leading the way. Portland Private Equity possesses over 20 years of experience strengthening emerging markets. Endeavor Catalyst, Mountain Nazca Colombia, as well as Velum Ventures participated in this round. This new capital […]