Facily raises $250M Series D to scale social commerce solution
Facily, a São Paulo-based social commerce marketplace, recently closed a $250 million Series D bringing their total capital raised this year to over $366 million across four different rounds.The most recent round values the startup at $850 million.
Glade Brook led its $63 million Series C financing, which included participation from Tiger Global Management and Hill House. Luxor Capital led its $41 million Series B round, which also counted Founders Fund and several other previous investors as backers. Quona Capital and Monashees co-led its $12 million Series A, which included participation from Canary and other partners while Tru Arrow participated in all rounds.
According to Techcrunch the company’s volumes grew 43x from January to September. In October alone, Facily delivered more than 7 million items.Sources close to the company say Facily is raising even more money that would push its valuation to north of $1 billion.
Diego Dzodan, Luciano Freitas and Vitor Zaninotto founded Facily in 2018 with a mission of “eliminating the barriers of traditional e-commerce to provide low-income populations in Brazil and throughout Latin America better access to affordable products.”
Put more simply, Facily aims to provide a more inclusive e-commerce experience that pays producers more and “sells cheaper” to those who buy products via its gamified app, which connects consumers to the best prices through group purchases. It says it’s making it easier for lower-income populations to shop online by providing pickup points across the cities in which it operates and offering a variety of payment options — from bank transfer to cash, with no shipping charges. The model is interesting because like most of Latin America, Brazilians are largely unbanked or underbanked. So the ability to make online purchases without having to use a credit or debit card opens the door for many people who previously could not shop online and likely were paying higher costs for the same products in person. (Techcrunch)
IDB Lab and WEF to unlock the potential of digital payments in LAC
IIDB Lab, the innovation laboratory of the Inter-American Development Bank, and the World Economic Forum launch the Payments to Advance Growth for All (PAGA) program to unlock the true potential of digital payments in Latin America and the Caribbean (LAC). This initiative will bring together the public and private sectors, promoting practical recommendations for greater adoption of digital payments in our region.
The World Economic Forum, the international institution for Public-Private Cooperation, provides a platform for multistakeholder dialogue on digital policymaking and governance to incubate projects and initiatives that can help LAC realize its potential and make digital trade more inclusive. IDB Lab, as the leading source of funding and knowledge for development focused on improving lives in LAC, provides its extensive network of contacts and regional knowledge for this endeavor.
Both organizations will bring together businessmen, government officials, academia, and civil society to provide practical recommendations aimed at promoting the development of digital payments in LAC. Other additional partners are welcome in this initiative whose immediate goals are:
- Identify three to five main obstacles to the development of digital commercial payments in the LAC region.
- Recommend potential areas of public-private and private-private collaboration, as well as regional cooperation.
- Explore opportunities for private collaboration, industry action, and policy implementation on the matter.
Klivo announces Series A round
With actions aimed at solving gaps in the health system in dealing with chronic non-communicable diseases (NCDs), startup Klivo announces its Series A round worth R$ 45 million. The contribution is led by Valor Capital Group, within its new initiative, fund IV. Other groups also participate such as Civilization Ventures (Omada’s seed investor), Tau Ventures (specialized in healthtech and enterprise in Silicon Valley) and Reaction (Stanford alumni impact fund), in addition to the Brazilian funds Canary and Norte Ventures and angel investors which were already in seed in 2020.
“The healthcare system is designed for the acute event and the chronic patient needs continuous monitoring. We came to fill this gap in the sector”, explains André Sa, founder of Klivo. The investment received will be destined for growth, expansion of care lines, in addition to possible acquisitions. “Technology has contributed a lot to empower the healthcare sector. Klivo proposes to humanize the service and bring users and professionals in the sector together”, says Michael Nicklas, partner at Valor Capital Group. (Labs and Forbes Brazil)
In Venezuela Socialist Party winning in 20 of 23 governors’ races
Venezuelans cast ballots for thousands of local races in elections that for the first time in four years included major opposition participation, a move that divided the already fractured bloc that is the adversary of President Nicolás Maduro.
More than 130 international monitors, mostly from the European Union, fanned out across the South American nation to take note of electoral conditions such as fairness, media access, campaign activities and disqualification of candidates. Their presence was among a series of moves meant to build confidence in Venezuela’s long-tarnished electoral system, but turnout was still low.
It is the first time in 15 years that EU observers are in Venezuela. In previous elections, foreign observation was essentially carried out by multilateral and regional electoral organizations close to the Venezuelan executive. They are expected to release a preliminary report Tuesday and an in-depth look next year. (Bloomberg, Washington Post)
Mexico’s jaguar population on the rise
- The first surveys to count jaguars in Mexico revealed a 20% increase in the population from 2010 to 2018, up to 4,800 animals.
- Conservation strategies targeted the most urgent threats to jaguars, and prioritized protecting wildlife preserves and natural corridors.
- Mexico’s National Alliance for Jaguar Conservation united the government, people living near protected areas, and the private sector in plans to conserve the iconic species.
The jaguar population in Mexico increased by about 800 animals from 2010 to 2018, according to the first two censuses of the elusive carnivores ever conducted in the country. The news confirms that Mexico’s national strategy to protect jaguars is working, researchers reported recently in the journal PLOS One.
“It was incredible to see jaguars in so many places where there weren’t any before,” said ecologist Gerardo Ceballos of the Universidad Nacional Autónoma de México, founder of Mexico’s National Alliance for Jaguar Conservation and lead author of the paper.
In 2022, the Mexican government and the National Alliance for Jaguar Conservation plan to expand the Calakmul Biosphere Reserve in the southern Yucatan Peninsula from 723,185 hectares to more than 1.3 million hectares of land, making Calakmul the largest protected tropical forest north of the Orinoco River—all motivated by jaguar conservation. (Montego Bay)