Latitud raises $ 11.5 million to support more entrepreneurs

“With this seed round, Latitude will continue to create fully integrated tools for start-up founders to start a company, mobilize capital from strategic investors and then manage their capital and cap table in one place,” said Latitude’s CTO Yuri Danilchenko. .

Today the entrepreneurial ecosystem in Latin America is growing rapidly. According to the Latin American Private Equity and Venture Capital Association (LAVCA), venture capital in the region reached $ 6.4 billion in the first half of 2021 alone, 56% higher than by 2020, but with more capital each time, there is still a lack of support for entrepreneurship. Focuses precisely on resolving and resolving the largest friction points for start-up entrepreneurs starting companies in the United States.

Latitud aims to bring together early-stage technology entrepreneurs in Latin America and create a community that enables them to create business, access to international capital, cap table management and world-class guidance through talented technology leaders and operators.

“The infrastructure that supports ambitious startups in Latin America is outdated and manual, and I’m seen firsthand how this ban kills the most promising solutions,” said Brian Reckward, CEO and co-founder of Latitud.

The company has the support of entrepreneurs like David Arana from Confio and Oscar Hertonson from Cornershop. In addition, “Unicorn founders Jerry Collier de Clara and Daniel Vogel de Pitso are part of the first group of Latitud Angel Fellowships,” the company said in a statement.

Latitud Ventures, the investment arm of the company, manages the first “rolling fund” in the region, which has already invested in pre-seed and seed checks at more than 70 companies, 15 of which are Mexican, including Yuno, Flexio, Boss, Reworth and Castor.

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