Brazil

VivaReal gets new $42 million investment

VivaReal, the leading Brazilian real estate website, has secured an investment of 100 million Brazilian reais, ($41.7 million U.S.).  The investment was led by U.S. venture capital firm Spark Capital, which has about $1.8 billion under management and was making its first investment in Brazil. LeadEdge Capital, a a growth equity firm based in New York, joined Spark and other existing investors...

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LatAm’s e-commerce grows nearly a third

blackjack games LatAm’s e-commerce grew by 30 percent in the last year, according to e-commerce expert and digital strategist Pedro Labarta. “E-commerce in the main Latin American markets and economies has increased 30 percent last year, as result of a change in the habits of consumers, [who're] believing more in the digital platforms,” Labarta said in an article. According to...

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LatAm’s Navent acquires WImoveis

Navent, a Latin American jobs and real estate platform, acquired WImoveis in Brasilia, the company announced Thursday. The company, which has just closed a $20 million Series C round of funding from global technology private equity firm Riverwood Capital, plans to increase its revenues and number of clients by 20 percent. Navent already owns ImovelWeb, which is headquartered in Sao Paulo,...

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EmpregoLigado receives $7 million funding

The use of smartphones in Latin America is growing at a rapid pace. Countries like Brazil, a key market in the region, are trying to make better use of that trend. EmpregoLigado is one of the promising start-ups that might add some activity to the burgeoning Latin American marketplace. The company, which competes with local job websites and staffing agencies looking for blue-collar workers,...

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World Cup ups online sales in Argentina

The FIFA 2014 World Cup Brazil is over. And for those who think Germany was the big champion, this headline might come as a surprise to you. At least one South American team  “won” with the tournament in the e-commerce segment. We’re talking about MercadoLibre, which is headquartered in Argentina and has strong operations all over Latin America. According to media reports,...

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MercadoLibre has no acquisition plans

To all of those who know Latin America’s ecommerce platform MercadoLibre, this announcement may sound as a surprise. In a conference call with investors, the company’s chief financial officer Pedro Arnt said Mercado has no new acquisition plans in the pipeline. The statement follows a series of acquisitions the Latin America major completed just a few months ago. Those include two...

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