INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 13

• Peruvian Fintech Leasy Raises $28M in Series A Funding
• Climatech umgrauemeio Raises $3.7M to Combat Forest Fires in Brazil
• Taxo Secures $1.2M to Simplify Tax Automation
• Cotierra Raises $1M for Sustainable Coffee Farming
• Brazilian SaaS Startup HubLocal Raises $700K

Peruvian Fintech Leasy Raises $28M in Series A Funding

• Peruvian fintech Leasy has secured a substantial $28M in Series A equity and debt funding, with Magma Partners leading the round. Other notable investors include Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM, alongside backers from Latin America, the US, and Europe.
• Leasy specializes in providing financing to ride-hailing drivers in Latin America through a subscription-based model. Despite challenges, the company demonstrated impressive growth in 2023, with loan placements and revenue soaring over 100% in Peru while remaining profitable.
• The funding will fuel Leasy's expansion efforts in Mexico and Peru, enabling the development of new financing options for various vehicles.

Climatech umgrauemeio Raises $3.7M to Combat Forest Fires in Brazil

• Climatech startup umgrauemeio has secured $3.7M in its first investment round, with participation from Indicator Capital, Baraúna Investimentos, The Yield Lab Latam, and Rural Ventures.
• The Brazilian startup offers a platform called Pantera that helps to swiftly identify fire outbreaks, locate ignition points and activate rapid response protocols. The startup currently monitors over 17.5 million hectares in Brazil and generated $3.8M in revenue in 2023.
• The funding will enable umgrauemeio to deploy an AI-powered solution in surveillance cameras, aimed at preventing forest fires, reducing CO² emissions, and enhancing smoke detection capabilities.

Taxo Secures $1.2M to Simplify Tax Automation

• Taxo, a Mexico-focused tax-tech startup, has raised $1.2 million in pre-seed funding from investors including Seedstars, 500 Startups, BuenTrip, and Newlin Ventures, along with angel investors.
• Founded by David Paredes, Jacobo Moreno, and Constanza Martínez, Taxo provides a platform that simplifies the tax preparation process, aiming to reduce the workload for accountants significantly. Additionally, Taxo offers tools and services for accountants to streamline administrative tasks and facilitate client acquisition.
• Taxo intends to extend its services to Peru and Colombia, leveraging AI to enhance tax preparation and offering additional tools for accountants.

Cotierra Raises $1M for Sustainable Coffee Farming

• Swiss-Colombian startup Cotierra has secured a $1 million pre-seed investment led by undisclosed investors to advance its sustainable coffee farming solutions.
• Specializing in biochar production, Cotierra which is based in Zurich and Bogotá converts coffee farm waste into soil-enhancing biochar, aiming to significantly reduce carbon emissions in coffee supply chains.
• With the new funding, Cotierra plans to refine its biochar reactor technology and expand its initiatives, focusing on improving soil health, increasing crop yields, and enhancing the economic viability of coffee farming.

Brazilian SaaS Startup HubLocal Raises $700K

• Brazilian SaaS startup, HubLocal, specializing in optimizing and managing business data across major online search and map platforms, has successfully secured $700K in a funding round led by Bossa Invest and GV Angels.
• HubLocal, founded in 2019 by Felipe Caezar and Rodrigo Coifman, utilizes artificial intelligence and process automation to empower small and medium-sized enterprises to manage their online presence efficiently.
• The raised funds will primarily be allocated towards cost optimization and market expansion, aiming to fortify the company's sustainable growth and financial stability

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