{"id":4701,"date":"2021-03-09T12:05:50","date_gmt":"2021-03-09T18:05:50","guid":{"rendered":"https:\/\/www.nhg.mx\/?p=4701"},"modified":"2021-04-28T07:10:13","modified_gmt":"2021-04-28T13:10:13","slug":"mexican-start-up-gets-latin-americas-largest-ever-seed-funding","status":"publish","type":"post","link":"https:\/\/www.nhg.mx\/en_gb\/mexican-start-up-gets-latin-americas-largest-ever-seed-funding\/","title":{"rendered":"Mexican start-up gets Latin America\u2019s largest-ever seed funding"},"content":{"rendered":"

A Latin Lawyer’s article.<\/a><\/p>\n

\n

Three Hogan Lovells LLP<\/a> offices have helped Mexican e-commerce start-up Valoreo get a US$50 million seed investment, which is one of the largest amounts ever raised by a Latin American company in an initial funding round.<\/p>\n

A slew of international and local start-up-focused investors, including Upper90, FJ Labs, Angel Ventures and Presight Capital, led the funding round. US fintech investor Upper90 relied on Mexico\u2019s Nader, Hayaux & Goebel<\/a> for the transaction. The investors’ international counsel asked to remain confidential.<\/p>\n

The deal was announced on 16 February.<\/p>\n

The funding marks Valoreo\u2019s first-ever investment round and is among the largest-ever seed investments by a Latin American company. Seed funding refers to the initial investment received by a company, the funds of which a start-up tends to use to set up its business and cover initial operational costs.<\/p>\n

Several angel investors \u2013 individuals who inject capital through investment rounds \u2013 also participated in the transaction. One of them was David Geisen, who heads the Mexican operations of Argentine e-commerce group Mercado Libre.<\/p>\n

Valoreo was founded in 2020 with the aim of acquiring or investing in e-commerce businesses, scaling them up and divesting them. It also provides financial support, business tools and other resources to entrepreneurs looking to develop small and medium-sized businesses in Latin America. Aside from its Mexican presence, the start-up has intentions to expand to Brazil and Colombia.<\/p>\n

Other Mexican start-ups have received landmark investments in recent months. E-retailer J\u00fcsto raised<\/a> US$65 million in a Series A funding round last month, the largest-ever in a second series investment round for a Latin American company. Mexican real estate start-up Casai received<\/a> a US$5 million seed investment back in October, followed by a US$48 million Series A funding round.<\/p>\n

In the second half of 2020, a slew of companies obtained substantial capital injections that resulted in them being crowned as unicorn companies \u2013 a title given to tech start-ups that are growing at an exponential speed and valued to more than US$1 billion. In September, Japanese investor SoftBank led a US$255 million funding round in Brazilian e-commerce group VTEX, which made<\/a> the company a unicorn, just one week after Uruguayan start-up dLocal became<\/a> a unicorn following a US$200 million investment round.<\/p>\n

Counsel to Valoreo<\/u><\/b><\/p>\n

Hogan Lovells LLP<\/a><\/p>\n

Partner Nathan Cooper in Washington, DC, and associate Zachary Shub-Essig in Los Angeles<\/p>\n

Hogan Lovells (Mexico)<\/a><\/p>\n

Partners Juan Francisco Torres-Landa and Federico De Noriega Olea, counsel Maria Aldonza Sakar Almirante, and Francisco Palmero and associate Pablo Corcuera Bain in Mexico City<\/p>\n

Counsel to Upper90<\/u><\/b><\/p>\n

Nader, Hayaux & Goebel<\/a><\/p>\n

Partner Javier Arreola and associate Adri\u00e1n Mendez in Mexico City<\/p>\n<\/div>\n

\"image_pdf\"<\/a>\"image_print\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

A Latin Lawyer’s article. Three Hogan Lovells LLP offices have helped Mexican e-commerce start-up Valoreo get a US$50 million seed investment, which is one of the largest amounts ever raised by a Latin American company in an initial funding round. A slew of international and local start-up-focused investors, including Upper90, FJ Labs, Angel Ventures and…<\/p>\n

Read More<\/a><\/div>\n","protected":false},"author":9,"featured_media":4702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[246,466,447],"class_list":["post-4701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","tag-fintech","tag-funding","tag-start-up"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/posts\/4701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/comments?post=4701"}],"version-history":[{"count":0,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/posts\/4701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/media\/4702"}],"wp:attachment":[{"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/media?parent=4701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/categories?post=4701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nhg.mx\/en_gb\/wp-json\/wp\/v2\/tags?post=4701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}