INFOGRAPHIC: LATAM's Top Weekly Startup Funding—Week 36, 2025

Latin American startups raised over $366 million this week across green mobility, fintech, connectivity, restaurant tech, and AI-powered customer service. From building billion-dollar banks to scaling EV infrastructure and fibre optic networks, founders are betting on sustainability, inclusion, and hard tech to define the region’s next growth chapter.

Mexican green mobility company VEMO secured $250 million from global investor Vision Ridge Partners to expand its public charging infrastructure and electric transport network. Founded in 2021 in Mexico City, VEMO operates a platform of 650 EVs, charging stations, and fleet management tech, alongside consumer services like VEMO Impulso, a lease-to-own scheme with Uber and DiDi drivers. With more than $500 million raised to date, the company plans to invest over $1.5 billion in the next five years to accelerate electric mobility adoption in Latin America.

Mexican fintech Kapital Bank announced an $86 million Series C, doubling its valuation to $1.3 billion and entering unicorn status. Led by Tribe Capital with Pelion Ventures, Y Combinator, Marbruck Ventures, and True Arrow, the round will fuel the expansion of Kapital Grupo Financiero’s AI-based financial ecosystem. Built as a tech-first bank, Kapital has leveraged its infrastructure to acquire and modernise legacy institutions, achieving profitability in under two years. According to CEO René Saúl, the model has allowed higher margins, stronger retention, and lower loss rates compared to fintechs without a license or proprietary platforms.

Colombian digital infrastructure startup Somos Internet raised $18 million in Series A funding, co-led by Union Square Ventures and Ribbit Capital. Founded in Medellín in 2022, the company builds vertically integrated fibre networks, combining proprietary hardware such as its Orb router and in-house software Artemis. With speeds up to 2 Gbps, Somos is taking on incumbents Claro, Tigo, Movistar, and ETB by offering cheaper, faster connectivity. The capital will accelerate fibre expansion in Bogotá and Medellín, strengthen engineering teams, and support new business lines. The company expects 65,000 active users and $11.5 million ARR by the end of 2025.

Chilean restaurant-tech startup Toteat closed a $7.4 million round to strengthen operations across Latin America and roll out AI-driven food management tools. Processing more than 100 million orders annually, Toteat helps restaurants manage inventory, centralise operations, and optimise workflows. CEO René Marty said the funding will expand the company’s sales presence in the region and embed AI to provide real-time decision-making and automation for restaurants looking to remain competitive in a fast-changing industry.

And finally, Buenos Aires-based Darwin AI raised a $4.5 million seed round led by Base10 Partners, marking its first Silicon Valley backing. Founded in 2023 by the entrepreneurs behind Sirena.app (acquired by Zenvia), Darwin AI develops AI-powered virtual agents that integrate with WhatsApp, Instagram, and phone systems to automate sales and customer support for mid-sized companies. Already present in 20 Latin American markets with $2 million in annual revenue, the company plans to prioritise expansion in Brazil and Mexico while scaling its technology for SMEs, adapting to a more competitive digital landscape.