Four months ago, the Brazilian delivery firm iFood raised US$500 million in venture capital - that's more than all Latin American startups raised in the whole of 2016. Considered to be the largest funding round in Latin American history, the deal represented a shift in the way international investors looked at South America, a landmark investment serving as a catalyst for cash injections from some of the world's most established funds. Combine that with Didi Chuxing's acquisition of Brazilian rideshare app 99 in January 2018 for US$1 billion, and it is clear that VCs are pouring money into the region ...
By Posted by contact265 and Community Contributor
Mar 15, 2019