INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 26

• Kilimo Secures $7.5M Series A to Help Farmers Optimize Their Water Use
• Ximple Secures $2.7M to Launch Digital Credit Platform in Mexico
• ProNuvo Secures $2M from IFC to Scale Sustainable Insect Protein Production
• Mercado Diferente Secures $1.8M in Pre-Series A Round to Expand Product Portfolio and Infrastructure
• Retorna Secures $1.2M in Funding to Expand Client Base

Kilimo Secures $7.5M Series A to Help Farmers Optimize Their Water Use

• Cleantech company Kilimo has raised $7.5 million in a Series A funding round led by Emerald Technology Ventures. Other participants included The Yield Lab Latam, Salkantay Ventures, Kamay Ventures, and iThink VC.
• Kilimo addresses the challenge of agricultural water usage. The company helps farmers optimize their water use, reducing excess irrigation while ensuring the surplus water saved is then sold to companies in need, sharing a portion of the proceeds with the farmers. Currently, Kilimo operates in seven Latin American countries, including Argentina, Mexico, and Chile, and has helped over 2,000 farmers save 72 billion litres of water.
• Kilimo will utilize the funds to expand its operations to the US and Europe.

Ximple Secures $2.7M to Launch Digital Credit Platform in Mexico

• Ximple, a digital credit distribution company, has raised $2.7 million from BoostCapital Partners, Clocktower Technology Ventures, Graph Ventures, 99 Startups, and Lotux VC.
• Founded in early 2024, the Mexico-based fintech aims to promote financial inclusion in Mexico. The platform offers working capital loans and consumer credit to direct sellers, known as "Aliados," allowing them to buy merchandise and earn a profit from offering credit to their customers to finance their purchases.
• This funding will help Ximple launch and expand its platform, targeting 42% of Mexican adults, reaching over 300 million Latin Americans currently excluded from traditional financial services. The funds will be used to introduce innovative products in the Mexican market to improve financial inclusion rates.