Latitud has secured a seed investment of US$11.5 million and will support the creation of new ventures

Tech entrepreneurship platform Latitude round seed It is worth US$11.5 million managed by A16z, one of the most prestigious Venture Capital funds in Silicon Valley.

Tura also includes key startup leaders across NFX, Endeavor, Canary, FJ Labs and Latam, David Vélez, founder of Nubank; Poplar’s leaders, Carlos and Loreanne García; Sebastián Mejía of Rappi, among others.

Founded by Brian Requarth, Gina Gotthilf and Yuri Danichenko, this platform has created a number of solutions to date, including Latitud Go and Latitud Scholarships, to address and resolve the biggest pain points for emerging early-stage entrepreneurs in Colombia. region. And Latitud Fund, the investment arm of the company, the first “Revolving Fund” in the continent to inject upfront seed and seed capital into more than 70 companies including Pomelo, BHub, Yuno and Alinea.

In Colombia alone, Latitud has now invested in 12 startups with a US$90 million collection. These include Yuno, Ontop, Melonn, aCasa, Morado, Finkargo, Hunty, Licify and more.

Sebastián Mejía, co-founder and president of Rappi; “This is the foundation of a thriving entrepreneurial ecosystem. “The Latitud mission will enable this at scale for the next generation of founders in Colombia and Latin America.”

“The existing infrastructure to support ambitious initiatives in the country and in Latam is outdated and manual, and this hurdle could kill very promising solutions,” said Brian Requarth, CEO and co-founder of Latitud.

Latitude Go enables any founder to intelligently assemble a venture-capital-backed company ready to scale globally, with one click and five times less cost than the market today.

“With this startup round, Latitude will continue to build fully integrated tools for early-stage founders to start a company, raise capital from strategic investors and then manage their capital and capping chart from one place,” said Yuri Danilchenko, Latitude CTO. .

Source: Lare Publica


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