Business automation platform StoreHub has raised US$13.5 million in pre-Series B funding led by American venture capital firm 500 Global, previously known as 500 Startups. It intends to use its latest funding to continue meeting demand while maintaining positive unit economics, and investing in technology innovation to deepen the value for each customer.
Line Man Wongnai, a food delivery service operator, has raised US$265 million in Series-B fundraising, enabling its valuation to surpass copy billion and thereby achieving unicorn status. The move makes Line Man Wongnai the third unicorn in Thailand after logistics service operator Flash Express and fintech firm Ascend Money.
Mexicans can put their cryptocurrencies to a new use: using them as collateral for a credit card. This is thanks to the card launched this week by local startup Crecy, developed in collaboration with Pomelo, a payment infrastructure and card issuance company from Argentina. Those who want to obtain it must leave Bitcoin, Ethereum, Solana, Cardano, or Polkadot as collateral and will be able to access a line of credit ranging from 1,000 to 720,000 Mexican pesos (US$50 to US$35,000 approximately).
The past year has been tough for all kinds of tech investments. This LUMA report offers an overview of martech, adtech, and content tech financial activity in public markets, private financing, and mergers and acquisitions. To summarize a mixed picture: the bleeding has stopped but growth has not yet resumed.