Startup

For two weeks running, Brazil has reached the top of the podium! Discover the Latin American startup fundraising rounds you shouldn't have missed between 16th and 22nd December 2024. The Climatech startup Terradot raises 58 million USD with investors from South and North America.

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Here is a summary of recent fundraising rounds in Latin America:

Sofía – Healthtech – $13.5 million USD funding round

• Amount raised : 13.5 million USD
  • Domain Healthtech
  • Country : Mexico
  • Description : Sofía, a Mexican start-up specialising in digital health, has raised USD 13.5 million in a funding round led by Kfund, with participation from Index Ventures, Kaszek and IDB Lab. This round brings Sofía’s total funding to USD 37.5 million. The company offers health insurance and telemedicine services to individuals, families and SMEs through a network of 155 hospitals and 1,800 doctors in Mexico. The funds will be used to expand its reach amongst SMEs, develop integrated healthcare solutions and incorporate AI to improve medical and telemedicine services.

Airbag – Automotive Safety – Raised $750k USD in a bridge round, totalling $1.5 million USD

• Amount raised 750,000 USD (Bridge round)
  • Domain Transport safety
  • Country : Mexico
  • Description Airbag, a Mexican startup, has raised $750,000 in a bridge round with participation from Impacta VC, Grupo Flecha Amarilla, Carabela Ventures, and angel investors. This raise brings Air.

Terradot – Climatech – $58 million Series A funding round

• Amount raised £58 million (Series A)
  • Domain Climatech
  • Country Brazil / United States
  • Description : Terradot, a Brazilian-American climatech start-up, has raised US$58 million in a Series A funding round led by John Doerr of Kleiner Perkins, with participation from Microsoft’s Climate Innovation Fund, Google, the Cisco Foundation, Floodgate, Acre Venture Partners, Gigascale Capital, Valor Capital Group, Ponderosa Ventures, Sheryl Sandberg, Tom Bernthal and George Roberts. The company focuses on removing carbon from the atmosphere by applying silicate rock powder to agricultural soil, a process known as «Enhanced Rock Weathering» (ERW). The funds will be used to fulfil its contracts, acquire new infrastructure and develop new software products.

These fundraising rounds reflect the growing momentum of the start-up ecosystem in Latin America, with a particular focus on health technologies, transport safety and innovative climate solutions.