Something new has arrived to Spanish-speaking Latin America’s startup ecosystem – the mega seed round. In November, Colombian startup Habi announced a $5.5 million seed round led by Tiger Global only a day after Mexican startup Justo announced a $10 million round led by Foundation Capital.
The size of these seed rounds is closer to what is expected for a US-based startup, and a significant multiple of what has been typical in Latin America, outside of Brazil.
Continue reading “Is Peru ready for a mega seed round?”