An Argentine company raised US$ 66 million on Wall Street backed by Mercado Libre and Kaszek
A startup founded by two Argentines raised US$ 66 million in its Series A funding round, marking the largest investment in the region to date.
Humand, a startup founded by Nicolás Benenzon and Gerónimo Maspero, announced on Monday that it has successfully closed the largest Series A funding round in the history of the region, raising US$ 66 million. This significant achievement was particularly notable because it highlights the growing trend of investment in Argentine tech startups, supported by major players like Mercado Libre and Kaszek. Humand’s innovative approach targets one of the most pressing challenges faced by organizations with a large number of operational workers: the digital disconnection and dispersion of their workforce.
The platform developed by Humand is specifically designed as an AI-based operating system for deskless workers, which has gained traction among over 1.6 million users across more than 1,500 companies in 51 countries. Clients utilizing Humand's platform include a mix of international and local organizations, such as Swiss Medical, Farmacity, River Plate, Rapanui, and Lemon. This wide array of partnerships not only emphasizes the utility of their service but also its adaptability across various industries. Furthermore, the startup boasts a workforce of over 420 employees distributed across 20 countries, illustrating its growth and international reach.
The funding round was led by well-known venture capital firms Kaszek and Goodwater Capital, marking a significant endorsement of Humand's business model and market potential. This investment not only provides necessary capital for expansion but also signals to other potential investors about the viability of tech-driven solutions in the operational sector. As more Argentine startups receive international funding, it can catalyze further interest and investment in the country's burgeoning tech ecosystem, fostering innovation and economic growth.