The Bolivian entrepreneur Marcelo Claure, former COO of SoftBank, has launched a new venture firm called Bicycle Capital, targeting a $500 million fund. The firm will focus on startups in Latin America and plans to invest in about 10 to 15 companies, primarily in Series B and later rounds. Other VC funds..

Uruguayan-based company Nocnoc has raised $14 million in Series A funding, led by PayPal Ventures, to facilitate cross-border e-commerce between Latin American merchants and global sellers. Nocnoc's platform allows online merchants to upload their product catalog and sell on various marketplaces...

A new venture capital fund, Lab+ Ventures, is targeting Latin American science startups in the life sciences sector and has managed to secure funding from family offices and wealthy investors, despite a funding crunch. The fund aims to raise $10 million in its first funding round and has commitments for…

Brazilian fintech firm PagSeguro Digital exceeded expectations with a 6% increase in its first-quarter profit, driven by payment processing revenue and market share gains. The company reported net profits of 370 million reais ($73.95 million) and a 9% growth in net revenue, while total payment volume...

US companies are aggressively recruiting tech talent from Latin America, leading to increased competition and driving up salaries for skilled workers, which local startups struggle to match. Amid a talent shortage, Latin American companies are finding creative ways to secure talent, including hiring non-English-speaking...