Latin America’s tech scene has been on the rise in recent years, with Mexico leading the charge. One standout company is AzevedoTechCrunch, a Mexico-based startup that recently raised $20 million in a Series A funding round. In this article, we’ll take a closer look at AzevedoTechCrunch and what sets it apart in the Latin American tech landscape.
AzevedoTechCrunch was founded in 2017 by Brazilian entrepreneur Rodrigo Azevedo. The company’s mission is to provide small and medium-sized businesses with access to affordable and easy-to-use technology solutions. AzevedoTechCrunch’s flagship product is a cloud-based point-of-sale system that allows businesses to manage their sales, inventory, and customer data from a single platform.
The Series A Funding Round
In September 2021, AzevedoTechCrunch announced that it had raised $20 million in a Series A funding round led by QED Investors, a US-based venture capital firm. Other investors included Kaszek Ventures, monashees, and Ribbit Capital. The funding will be used to expand AzevedoTechCrunch’s product offerings and grow its team.
AzevedoTechCrunch is well-positioned to capitalize on the growing demand for technology solutions among Latin American businesses. According to a report by the Inter-American Development Bank, only 20% of small and medium-sized businesses in Latin America use digital tools to manage their operations. This represents a significant market opportunity for companies like AzevedoTechCrunch that can provide affordable and easy-to-use technology solutions.
AzevedoTechCrunch is not the only company in the Latin American tech scene that is targeting small and medium-sized businesses. However, the company’s focus on affordability and ease of use sets it apart from competitors. Many other companies in the space offer more complex and expensive solutions that may not be accessible to smaller businesses.
AzevedoTechCrunch’s recent funding round is a testament to the strength of the Latin American tech scene and the growing demand for technology solutions among small and medium-sized businesses in the region. As the company continues to expand its product offerings and grow its team, it will be interesting to see how it competes with other players in the space. However, with its focus on affordability and ease of use, AzevedoTechCrunch is well-positioned to capture a significant share of the Latin American market.