Capital continued to move into Latin America’s tech ecosystem this week, targeting companies that support the backbone of the region’s economy. Recent funding rounds focused on logistics, business finance, and education platforms that help traditional sectors operate more efficiently at scale.
Brazilian logistics platform Frete.com led the week after raising $28 million through a receivables investment fund (FIDC) structured by XP. Founded in Brazil, Frete.com operates a digital freight marketplace through Fretebras, connecting cargo owners, transport companies, and truck drivers across the country.
The platform serves more than 25,000 transport companies and around 900,000 truck drivers. The new funds will be used to expand Frete.com’s credit program, giving transport companies and logistics operators better access to working capital through the marketplace.
Following this, Chilean fintech Xepelin secured $20 million in a bridge round led by Nazca Ventures as it moves forward with regulatory expansion in Mexico. The round values the company at about $400 million, down from its previous $720 million valuation.
Xepelin provides financing and financial services to small and medium-sized businesses across Latin America, with a strong focus on the Mexican market. The company has worked with more than 70,000 businesses and generates close to $100 million in annual revenue. The funding will support efforts to obtain a Sofipo license, allowing Xepelin to expand its financial products and operations in Mexico.
Meanwhile, Mexican EdTech startup Luca raised $8 million in a Series A round led by 6 Degrees Capital, with participation from Explorer, Heartcore Capital, and Shilling VC. Founded in 2022, Luca is an AI-powered K–12 learning platform that combines digital and printed materials aligned with Mexico’s New Educational Model. The platform personalises learning while reducing administrative work for teachers and schools.
Serving more than 30,000 active students, Luca reports a 28% reduction in teachers’ management time and a 20% improvement in student learning outcomes. The company plans to use the funding to strengthen its position in Mexico, develop new AI-based learning tools, and expand into other Latin American markets.
Taken together, the latest deals reflect sustained investor interest in startups building practical solutions for core economic sectors. As funding flows toward logistics networks, SME finance, and education infrastructure, Latin America’s startup ecosystem continues to evolve around platforms designed for long-term impact rather than short-term growth.
