INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 21

• Argentine Unicorn Vercel Secures $250M to Enhance its Security Products
• Magneto Secures $7M to Acquire New Clients in Colombia, Mexico, Peru, and the U.S.
• Mexican HR Tech Worky Secures $6M to Accelerate Product Development
• Mexican Startup Ruedata Raises $2M to Expand its Team and Develop a Marketplace
• Foodtech Peruvian Veef Raises $280K to Boost Plant-Based Meat in Peru

Argentine Unicorn Vercel Secures $250M to Enhance its Security Products

• Argentine unicorn Vercel has secured $250 million in a Series E funding round led by Accel. Other participating investors include CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel.
• Founded in 2015, Vercel helps businesses create and deploy fast and scalable cloud-based web applications using its Next.js open-source framework. It recently surpassed $100M in annualized revenue, and its Next.js has over 1 million monthly active developers.
• With the new funding, Vercel will enhance its security products, invest in its AI development framework Vercel AI SDK, and develop v0, a generative AI product that creates user interfaces from text descriptions.

Magneto Secures $7M to Acquire New Clients in Colombia, Mexico, Peru, and the U.S.

• Colombian startup Magneto has secured $7 million in a seed round led by Alive Ventures. Other participating investors include Pashin, Impact Ventures PSM, and Latin Leap.
• Founded in 2021, Magneto is a SaaS recruiting platform that helps companies recruit, evaluate, and select candidates in less time, resulting in savings on operational costs. Its client base includes companies like Starbucks, Coca-Cola, Sura, Grupo Éxito, and Alkosto.
• With the new funding, Magneto will acquire new clients, aiming to reach 20,000 in Colombia, Mexico, Peru, and the U.S.