Zadara has acquired Brazil-based tech provider ZVS to provide better service to enterprises in Brazil and throughout Latin America. Zadara offers fully managed, distributed cloud architecture, supporting innovative use cases without requiring investments in additional hardware, technology, or human capital. The acquisition is part of Zadara’s increased presence and momentum in LATAM.
Funding for Latin American startups hit its lowest point in January in the past five years, with no signs of improvement in February, according to the latest report by SlingHub. Latin American startups secured US$290 million in February, a 75% decline year-over-year. February recorded the lowest number of investment rounds since 2017. SlingHub listed 53 funding rounds for the month, down by 37%. Of total transactions, 28 took place in Brazil, and six each in Argentina, Chile and Mexico.
MENA-focused seed investor Flat6Labs has announced the launch of a new US$95 million fund to nurture the growth and development of early-stage tech startups on the African continent. Flat6Labs is the MENA region’s leading seed and early-stage venture capital firm, running a host of startup programmes and active in Egypt, Lebanon, Tunisia, Bahrain, Jordan, the UAE, and Saudi Arabia.
Changes in marketing channels and data access have made advertising measurement more important, and challenging, than ever. Taking advantage of growing interest in the topic, Bain Capital is selling Kantar Group’s audience measurement division, Kantar Media, to global investment firm H.I.G. Capital for “approximately $1 billion”. Kantar Media accounts for 4,500 of Kantar Group’s 25,000 employees.