A New $124 Million For Brazil’s Movile Proves That Investors Still See Promise In Latin American Tech

Jonathan Shieber, TechCrunch
Thu, 07/12/2018 - 4:05am

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that that the pace of investment isn’t slowing down. Brazil was already the hottest spot for technology investment throughout Latin America — with Sao Paulo drawing in the majority of the record-breaking $1 billion in financing that the region’s startups attracted in 2017.

Topics: sao paulo innova south african crunchbase venture capital association fabricio nubank argentina didi sympla both movile meituan the chinese u.s wepay it s tencent china mercadoni colombian zoop many investors martin tschopp naspers u.s sachs as hillel moerman goldman s the financial times the brazil tom stafford dst global british brazil latin america movile naspers as bloisi movile s chinese movile u.s zoop wechat dst goldman million company investment market technology financing billion business companies ecosystem continue region executive large services ifood year growth mobile startup businesses unicorn payment build food forces broader delivery conglomerate backed macroeconomic community online sector investments isn latest roughly commerce dollar hailing largest players dream chief interview extremely valuation growing early told confidence future attractive play opportunity pretty

More Movie News

More Business News

Saint Rose lobbyist helped shape redevelopment authority bill
BizJournals, Wednesday - 06/19/2024 - 08:53 PM
A lobbyist for The College of Saint Rose played a key role in writing the recently passed state legislation that would create a public authority to pursue the purchase of the school’s campus.
More | Talk | Read It Later | Share
Menorah Medical Center picks new CEO
BizJournals, Wednesday - 06/19/2024 - 08:47 PM
Although he most recently led a Colorado hospital, Menorah Medical Center's new leader has close to a decade of experience in Kansas City health care.
More | Talk | Read It Later | Share
Business of Pride: After coming out at almost 60, Trajectify CEO Mike Krupit leans into authenticity
BizJournals, Wednesday - 06/19/2024 - 08:44 PM
For Mike Krupit, the decision has been transformational. “I’m happier than I've ever been in my entire life,” he said.
More | Talk | Read It Later | Share
St. Mary's Healthcare CEO wants hospital to stay independent
BizJournals, Wednesday - 06/19/2024 - 08:18 PM
Jeff Methven became president and CEO of St. Mary’s Healthcare early last year. He was previously an executive with Saratoga Hospital.
More | Talk | Read It Later | Share
New Raleigh venue to serve up golf, cocktails
BizJournals, Wednesday - 06/19/2024 - 08:16 PM
The co-founder of Raleigh’s award-winning Videri Chocolate Factory is opening a new golf-centric entertainment venue.
More | Talk | Read It Later | Share
Former OpenAI Chief Scientist Announces New Safety-Focused Company
Time, Wednesday - 06/19/2024 - 05:05 PM
Ilya Sutskever, a co-founder and former chief scientist of OpenAI, announced on Wednesday that he’s launching a new venture dubbed Safe Superintelligence Inc. Sutskever said on X that the new lab will focus solely on building a safe “superintelligence”—an industry term for a hypothetical system that’s smarter than humans. Sutskever is joined at Safe SuperIntelligence Inc.
More | Talk | Read It Later | Share

A New $124 Million For Brazil’s Movile Proves That Investors Still See Promise In Latin American Tech

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News