Week 42: Latin America Startup Funding Led by Giraffe Bio

Startups across Latin America raised a combined $12.45 million this week across disclosed funding rounds, with most of the capital going to biotechnology and artificial intelligence companies. Funding also went to a Brazilian AI startup developing a sales copilot for business teams.

The Week's Largest Startup Funding Rounds

Here are the biggest disclosed startup funding rounds across Latin America this week.

1. Giraffe Bio, $6.4M, Biotechnology, Argentina

Argentine biotechnology startup Giraffe Bio raised $6.4M in a seed round led by Orion Industrial Ventures, with participation from BHP Ventures, Twynam, Air Capital, Baruch Future Ventures and other investors. The company develops specialised biochemical reagents designed to improve copper recovery from complex ores. It operates in Argentina and Chile and applies biotechnology to challenges facing the mining industry.

Giraffe Bio will use the funding to expand manufacturing, support larger pilot programmes, advance research and development, and grow its technical and commercial teams.

Latin America Startup Funding Week 41: $224.5M Raised

Fintech attracted the largest funding rounds on the continent this week, with additional capital going to refurbished electronics and biotechnology startups.

TechloyTreasure Ayanfe Adetula

2. Dapta, $6M, Artificial Intelligence, Colombia-founded

Colombian-founded AI startup Dapta raised $6M in a seed round led by Chingona Ventures, with participation from Crew Capital, Broom Ventures and Cometa VC. Existing investors 500 Global and Fen Ventures also participated. The company develops AI sales agents that respond to incoming leads, qualify potential customers and schedule meetings, allowing businesses to automate parts of their sales process.

Dapta plans to use the funding to expand across the US and Latin America, improve its technology and grow its team.

3. Imersa, $49,700, Artificial Intelligence, Brazil

Brazilian startup Imersa raised approximately $49,700 in its first funding round from angel investor Flávio Szenkier, an early backer of Tractian. Founded in 2023, the company is developing an AI sales copilot for business-to-business teams. Its platform analyses sales calls, identifies customer interest and unanswered objections, and estimates the likelihood of closing a deal.