INSUBCONTINENT EXCLUSIVE:
In the 20 years since Movile launched its first technology services in 1998, the technology industry in Latin America has exploded.
Movile
chief executive Fabricio Bloisi
Technology startups have gone from being an afterthought to being at the forefront of the economic changes
sweeping through the region.And Movile digital marketplaces, delivery services and investment capital (powered by Naspers) have, in many
ways, led the charge.
At our Latin America Startup Battlefield event, Movile chief executive officer Fabricio Bloisi will walk us through
two decades of digital transformation and technology development in the region.
Earlier this year, Bloisi company landed a $124 million
commitment led by Naspers to continue its efforts to build a pan-Latin American juggernaut providing a range of mobile marketplace
services.
A new $124 million for Brazil Movile proves that investors still see promise in Latin American tech
As we wrote
earlier,Naspers&investments inMovile(supplemented by co-investors like Innova, which participated in the most recent round) have been one of
the driving forces sustaining the Brazilian startup community
In all, the South African technology media and investment conglomerate and its co-investors have invested $375 million into Movile over the
course of several rounds that likely value the company at close to $1 billion.
Since Movile rise, players like Rappi, in delivery, Nubank, a
Brazilian financial services startup, and 99 Taxi have become billion-dollar companies in their own right, but in many ways, Movile set the
stage.
As more capital floods into the region (Yellow, the new venture from 99 Taxi co-founders, just raised $63 million), the future for
Latin American startups looks bright.
The tech investment wave has reached Latin America
It against this backdrop that Bloisi will walk
attendees at our inaugural Startup Battlefield Latin America event through the perils and promise of starting up a tech business in the
region.
We&ll look forward to seeing you there
Pick up your free tickets here.
