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Coronavirus isn’t stopping LatAm’s charging VC marketAfter a record year in 2019, investors remain bullish on the region and say the momentum will continue far past 2020's uncertainties.
Varjo snaps up $54m Series CVarjo, a Finnish provider of industrial-grade VR/XR hardware and software, has secured $54 million in Series C funding.
- La Famiglia gathers 50m euros for new B2B fund
La Famiglia, a female-led venture firm, has raised 50 million euros for its new fund that backs B2B companies.
Software firm Onna snaps up $27m Series BOnna, a New York City-based software company, has raised $27 million in Series B funding, according to a blog post.
VC-backed Pipedrive recruits Sabhlok as CEONew York-based Pipedrive, a customer relationship management platform for sales teams, has named Raj Sabhlok as CEO.
- Ontruck lands funding in OGCI CI-led round
Ontruck, a European digital road freight platform, has raised 17 million euros in funding.
- Scandit rakes in $80m Series C
Scandit, a technology platform for mobile computer vision and augmented reality solutions for enterprises, has raised $80 million in Series C funding.
- MasterClass amasses $100m Series E: TechCrunch
MasterClass, an online education startup in which famous people teach classes, has raised $100 million in Series E funding, reported TechCrunch.
LatAm's next challenge: surviving covid-19 and the market downturnVenture funding in Latin America doubled in 2019 for the fourth straight year, showing its resiliency in the wake of political disruption in the region. Now, it hopes this spirit will push it through the current coronavirus downturn.