INFOGRAPHIC: Top LatAm Startup Funding — Week 43
In this week's funding deals, we tracked Jüsto, Agrolend, CXC, Bravo and Akua in the LatAm region.
- Mexican online grocer Jüsto secures $70 million to fuel growth primarily in Mexico.
- Agrolend, a Brazilian fintech for farmers receives $53 million to expand credit for farmers.
- Mexican fintech, CXC, raises $32.6 million in a Series A round to facilitate its expansion into the U.S. and other Latin American markets.
- Mexican fintech, Bravo, secures $27 million in financing from BBVA Spark to enhance its growth and credit division.
- Colombian fintech, Akua, raises $4.3 million in a seed round to advance its platform, aiming for a launch in Colombia by 2025.
Mexican online grocer Jüsto secures $70 million to fuel growth primarily in Mexico.
Jüsto, a Mexican e-commerce, has secured $70 million in combined equity and debt financing. Existing investor General Atlantic led the $50 million equity round with participation from others, while HSBC México arranged the $20 million debt facility.
Founded in 2019, the company is an online delivery-only supermarket offering a unique online grocery shopping experience focusing on fresh produce and competitive pricing. Jüsto works to eliminate intermediaries in the supply chain, providing greater convenience and competitive prices to customers.
Jüsto plans to use the $70 million to expand its presence primarily in Mexico, enhance regional operations, and refine its e-commerce model.
