Weekly Tech Pulse
From Sotira Securing $2M and Tidal Vision Raising $140M to Transform Discarded Crab Shells into Eco-Friendly Chemicals, to Archive Raising $30M to Tackle Fashion's Pollution Issue
US & International Startup & Tech News
Sotira Secures $2M to Assist Brands in Monetizing Surplus Inventory
Sotira has raised $2 million in funding to help brands efficiently offload and monetize their excess inventory. The company aims to provide solutions that enable businesses to manage surplus products effectively, reducing waste and increasing profitability.
Source: TechCrunch
Tidal Vision Raises $140M to Transform Discarded Crab Shells into Eco-Friendly Chemicals
Tidal Vision has secured $140 million in funding to convert discarded crab shells into environmentally friendly chemicals. The company focuses on sustainable practices by utilizing chitin from crab shells to create biodegradable products, aiming to reduce waste and promote green chemistry.
Source: Geekwire
Simple Mills' $795 Million Deal Set to Energize Chicago's Startup Ecosystem in 2025
Simple Mills has announced a $795 million deal poised to invigorate Chicago's startup scene. The transaction is expected to foster innovation and growth within the local entrepreneurial community, highlighting Chicago's potential as a burgeoning hub for startups.
Source: Forbes
Archive Raises $30M to Tackle Fashion's Pollution Issue Through Online Resales
Archive has raised $30 million to address environmental concerns in the fashion industry by promoting online resales. The company aims to reduce fashion waste by facilitating the resale of clothing items, thereby contributing to a more sustainable and circular economy.
Source: TechCrunch
Tire Recycling Tech Startup Secures $40M as CEO Aims to Complete Environmental Impact Journey
A tire recycling technology startup has obtained $40 million in funding, with the CEO striving to achieve a full-circle environmental impact. The company focuses on innovative methods to recycle tires, aiming to reduce environmental harm and promote sustainability in the industry.
Source: Geekwire
Egypt's Khazna Secures $16M for Its Financial Super App and Expansion into Saudi Arabia
Khazna, an Egyptian financial technology company, has raised $16 million to enhance its financial super app and expand operations into Saudi Arabia. The app offers a range of financial services aimed at increasing financial inclusion in the region.
Source: TechCrunch
Flexport and Amazon Veterans Raise $5M to Automate Data and Document Processing for Freight Forwarders
Former executives from Flexport and Amazon have secured $5 million to develop solutions that automate data and document processing for freight forwarders. The initiative aims to streamline logistics operations, enhancing efficiency and reducing manual workloads in the freight industry.
Source: Geekwire
LATAM Startup & Tech News
TaxFlow Raises $750K Pre-Seed to Develop AI-Powered Accounting Solutions
TaxFlow has raised $750,000 in a pre-seed funding round to build AI-driven accounting tools. The company aims to simplify financial management for businesses by leveraging artificial intelligence to automate accounting processes and improve accuracy.
Source: Latamlist
Caccao Raises $360,000 from DOMO.VC to Boost Growth and Operations in Brazil
Caccao, a platform connecting social media with the financial market, has secured $360,000 from DOMO.VC to enhance its growth and operations in Brazil. The company offers tools for influencers and financial professionals to connect their digital audiences with financial products and platforms.
Source: Contxto
99 minutos Drives Last-Mile Delivery
Logistics company 99 minutos has experienced significant growth, driven by the delivery of banking cards for fintech firms and expansion into new services like storage and heavier cargo delivery. In 2024, the company delivered over 50 million packages, highlighting the impact of fintech on last-mile logistics.
Source: ElHeraldo
Gallabox Raises $3.5M to Democratize AI-Driven Conversational Commerce for SMBs
Gallabox has secured $3.5 million to advance its mission of democratizing AI-powered conversational commerce for small and medium-sized businesses. The company enables SMBs to deploy enterprise-grade AI automation on platforms like WhatsApp, enhancing customer engagement and sales processes.
Source: Gallabox
Opportunities with Us
Browse all available opportunities here!
TikTok Shop is Coming to Mexico
Mark your calendars! TikTok is launching its social commerce platform in Mexico on January 8 for select sellers, with full consumer access starting February 13.
After generating over $100 million in sales during Black Friday in the U.S., TikTok Shop presents a unique opportunity for creators and brands through affiliate marketing, short-form videos, and live shopping.
Can TikTok Shop compete with Mercado Libre and Amazon Mexico? We believe it has a strong chance. Join Ethan Kramer in Monterrey on February 8 for a masterclass on strategies from the U.S. launch that can help you succeed in Mexico.
Newsletter subscribers can get a 15% discount on tickets with the code "PULSE."
Special thanks to our sponsor:
Axented helps businesses design, build, and scale their products and teams worldwide.
With over 10 years of experience and a diverse portfolio of more than 300 projects delivered in over 15 countries, Axented has established itself as a trusted partner in the tech industry.
Renowned for its expertise and commitment to excellence, Axented provides innovative solutions to help businesses thrive in a digital world.
