Startups across Latin America raised a combined $94.4 million this week, based on disclosed funding rounds tracked by Techloy. Most of the capital went to HRtech platforms building tools for compensation, recruiting, and workforce management. Meanwhile, fintech and foodtech startups raised smaller but strategic rounds.
The Week’s Largest Startup Funding Rounds
Here are the biggest disclosed startup funding rounds across Latin America, ranked from largest to smallest.
/1. Humand, $66M, HRtech, Argentina
Humand provides management and recruiting tools for employees who don't work at desks. It serves industries such as logistics, manufacturing, healthcare, and hospitality, where many workers lack corporate email accounts or computers.
The Argentine startup raised $66 million in a Series A round led by Kaszek Ventures and Goodwater Capital, with participation from Newtopia VC, Y Combinator, Arash Ferdowsi, Sebastián Mejía, Rajat Suri, and Marcos Galperin.
Humand will use the funds to expand in Brazil, the US, and Asia, and to develop AI agents that automate onboarding. The company also plans to improve its AI assistant, Sammy AI. Humand serves more than 1.6 million users across 51 countries and employs 420 people.
/2. Comp, $17.5M, HRtech, Brazil
Comp builds AI-powered software to help companies design smarter compensation strategies. It combines salary benchmarking data from more than 1,000 companies with tools that support pay structure design and total rewards planning.
The Brazilian HRtech raised $17.5 million in a Series A round led by Khosla Ventures, marking the firm’s first investment in Brazil. Kaszek, Canary, Abstract Ventures, and Endeavor Catalyst also participated.
Comp will use the funds to grow its team, improve the platform, and open a US office. Founded in 2022, it serves over 100 companies, including Nubank, Stone, iFood, Creditas, Evertec, Conta Simples, and Celcoin.
/3. EFEX, $8M, Fintech, Mexico
EFEX is a financial platform focused on global treasury and cross-border payments for mid-sized companies. It supports multi-currency payment flows, local collections, and treasury management across borders. The Mexico-based startup raised $8 million in a seed round co-led by PayPal Ventures and Floodgate, with participation from Contour Venture Partners and Nido Ventures.
The funds will help EFEX integrate artificial intelligence into its operations and simplify treasury workflows for companies operating in Mexico and the US. In 2025, EFEX increased revenue sixfold and processed more than $1 billion in payment volume.
/4. Takeat, $2.9M, Foodtech, Brazil
Takeat provides integrated management software for restaurants. Its platform tracks sales, costs, margins, cash flow, and operational performance in one system. The Brazilian startup raised $2.9 million in a Series A round led by DGF Investimentos, with participation from Quartzo.
Takeat will use the funds to expand distribution among small and mid-sized foodservice businesses. The company also announced that Marcelo Mariani will act as an ambassador to support its growth.
Conclusion
With nearly $95 million raised this week, HRtech clearly led funding activity in Latin America. Investors are backing platforms that improve workforce management and compensation strategy, while fintech and foodtech startups continue to attract steady growth capital.
Jemi Motesho
