Today: Jul 22, 2024

Digital Dawn: LatAm’s 2023 leap into new virtual frontiers.

7 months ago
  • The market value of health tech in LatAm is expected to reach $3,480 million by 2025, a 120% growth since 2020.
  • Zenklub and Conexa merge to create Latin America’s largest digital health company, focusing on mental health destigmatization and democratizing access to digital health.
  • Tesla secures permits for factory construction in Mexico’s protected forest area, Cerro La Mota. The factory will cover 261 hectares and represents an initial investment of $1 billion, potentially increasing to $5 billion.
  • Mexican startup Mauna plans to launch a travel platform after raising $60,000 in a recent capital round, and aims to increase this investment to $500,000 to expand across Latin America.
  • Chilean tech company KIBERNUM appoints Pablo Schcolnik as the new Chief Revenue Officer, focusing on strategic management for revenue generation and enhancing company growth and profitability.

The digital health tech scene in Latin America is growing rapidly, with Conexa and Zenklub merging to create the largest digital health company in the region, specializing in mental health destigmatization. Securing a $5.15 million investment from Vivo Ventures, the Brazilian companies aim to offer tailored digital health solutions with agile design methods. However, the planned alliance is still awaiting approval from CADE, Brazil’s competition authority.

In automotive news, Tesla has obtained land-use permits for the construction of a new factory in Mexico, set within the protected forest area, Cerro La Mota. Costing between $1-5 billion, the 261-hectare factory will mass-produce Tesla’s newest and most affordable vehicle, the Model 2.

Meanwhile, in the travel sector, Mexican startup Mauna is set to launch a digital platform for booking trips, events, and activities after recently raising $60,000. The platform aims to connect providers with users and includes a ticket system, custom pages, widgets, and dashboards with analytics.

In addition, Chilean tech company KIBERNUM has appointed Pablo Schcolnik as its new Chief Revenue Officer. With a background working for prominent companies such as Grupo Clarín and The Coca-Cola Company, Schcolnik’s role will focus on strategic management for revenue generation, hoping to enhance KIBERNUM’s overall growth and profitability.