Latú, Doc-doc, Belvo, Fudo and Other Startups That Have Recently Raised Capital in LatAm

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Moises, an app that allows you to remove vocals and separate tracks from songs, founded by Brazilians, raised US$8.6 million in a seed round led by Kickstart and Monashees. Other participants were Norwest Venture Partners, Valutia, Toba Capital, Alumni Ventures, and Goodwater Capital. The startup is based in Utah, and it was the founder and CEO himself, Brazilian Geraldo Ramos, who broke the news on LinkedIn. Ramos said that this investment will allow them to go beyond the musician community, which is where the product was aimed until now.

Latú, an insurance startup focused on SMEs, founded in Brazil by Colombian Paola Neira, raised US$6.7 in a seed round. The round was led by CRV and Monashees, with participation from ONEVC, Latitud, and SVAngel. Neira was previously head of product at Rappi Brazil. 

The telemedicine startup Doc-doc, from Colombia, received a US$1 million investment from Cardo Health, a Swedish health fund, which previously invested in Mexico’s Prosperia. Doc-doc connects doctors with patients through video calls. 

Belvo, a Mexican open finance company, announced that it has received investment from Citi Ventures, although without disclosing the amount. According to its press release, this will allow the company to approach Citibanamex, Citigroup’s bank in Mexico. 

In Argentina, several startups have had rounds lately.

One was the fintech Rebill, which received US$6.3 million in a seed round led by Tiger Global. Y Combinator, Soma Capital, SV Angel, and angel investors such as Arash Ferdowsi (Dropbox) and Guillermo Rauch (Vercel) also participated. Rebill offers companies a platform to automate their payments and subscriptions. 

Another case is Fudo, software created in 2014 and used by 9000 restaurants in LatAm. It had its first institutional round. They raised US$7.5 million in a round led by Andreessen Horowitz, Atlantico, and Maya Capital, with participation from Collaborative Fund, Goodwater, and Latitud. They already have a strong presence in countries such as Argentina and Chile and, according to TechCrunch, the injection of capital will allow them to grow in Mexico and Brazil.

Meanwhile, Pomelo, one of the most booming fintech in the country—which offers companies a digital account, the ability to issue their own credit cards and validate customer identity—announced the raising of US$15 million, an extension of the Series A raised last year (US$35 million). The fintech is just over a year old and already has offices in Argentina, Brazil, Mexico, Colombia, and Peru.