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Celebrating Latinx-Founded Companies

Celebrating Latinx-Founded Companies
May 5, 2021

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¡Feliz Cinco de Mayo! Today we're highlighting several Latinx-founded companies who are powerhouses in their categories. From B2B payment solutions to co-living real estate, to celebrity-founded and IPO-ready, these startups are paving the way for Latinx and other minority founders. 

                    

As we reported in our Q1, 2021 Funding Diversity Report, 2020 showed a 26% decrease in minority-led raises overall. However, minority companies that were successful in their rounds raised, on average, $2.9MM more than those who raised in 2019.

Four Latinx-Founded Private Companies to Watch 

  • Brex reached unicorn status after grabbing some of the biggest name investors through 9 rounds of funding. Their offering, a B2B payment system, breathes new life into company credit cards through tailored rewards and travel programs for its members. The company nabbed $425MM in April for their Round D of funding.
     
  • Eight Sleep’s smart bed promises to deliver a better night’s sleep, which is reason enough to have earned them a Series C at $40MM. They are leaders in sleep-tech, alongside industry titan & publicly-traded company SleepNumber and relative newcomer, Bryte.
  • Starcity raised $30MM in April of last year, which, for metropolitan real estate during COVID, conveys strong investor confidence. That Series B has helped Starcity gain traction in hubs like Los Angeles and San Francisco, even reaching the international market with living spaces in Barcelona, Spain.

  • The Honest Company’s founder is celebrity & first-generation Mexican-American, Jessica Alba. She’s used her star power to build an empire in ethical household goods alongside serial entrepreneur Brian Lee. Alba has led The Honest Company through 7 rounds and recently filed for an IPO.

Tesla Cozies Up with Tiny Canadian Startup

Elon Musk’s goal of making affordable electric cars has everything to do with their batteries. Read how this tiny startup has just what Tesla needs.
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Beyond Meat Expands its Offerings
Beyond Meat is making a second attempt at faux chicken this summer, begging the question: will it taste like chicken?
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Since last week, PrivCo has added:
644 Companies | 207 Funding Activities | 77 M&A Deals

Funding & Deal Highlights:

 

Backer raises $8.4MM from Crosslink Capital, Inc.

Fintech Software & Internet Services - Seed - San Francisco, CA
 

MD Ally raises $3.5MM from General Catalyst Partners

Emergency Health Care Services - Seed - New York, NY
 

Opsera raises $15MM from Felicis Ventures LLC

Software & Internet Services - Round A - Palo Alto, CA
 

UCM Digital Health raises $5.5MM from Armory Square Ventures

Telehealth Software & Internet Services - Round A - Troy, NY
 

OpenSpace Labs raises $55MM from Alkeon Capital Management

AI Software & Internet Services - Round C - San Francisco, CA


Splitwise raises $20MM from Insight Partners

Fintech Software & Internet Services - Round A - Providence, RI


Inscribe raises $10.5MM from Uncork Capital, Foundry Group & Crosslink Capital, Inc.

AI Software & Internet Services - Round A - San Francisco, CA

Connecteam raises $37MM from Insight Partners

Workplace Management Software & Internet Services - Equity - New York, NY

Ergatta raises $30MM from Advance Venture Partners 

Consumer Products - Round A - Brooklyn, NY
 

Instreamatic raises $6.1MM from Progress Ventures

Advertising Software & Internet Services - Round A - San Francisco, CA


Macquarie acquires Waddel & Reed Financial for $1.7BN

Investment Management & Financial Advisory - Acquisition - Shawnee, KS
 

AMETEK acquires Abaco Systems for $1.35BN

Aerospace & Defense - Acquisition - Huntsville, AL
 

Goodyear Tire & Rubber Company acquires Cooper Tire & Rubber Company for $2.5BN

Automotive & Consumer Vehicle Retail - Acquisition - Akron, OH

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