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Fintech R2 Reaches $100 Million Valuation After Google-Led Round

Roger Teran and Roger Larach
Roger Teran and Roger LarachSource: R2

Latin American fintech firm R2 reached a $100 million valuation following a $15 million Series A round led by Google’s Gradient Ventures. 

Other participants on this round are Femsa Ventures and PayU, as well as prior investors General Catalyst, Adam Neumann’s 166 2nd, and Magma Partners, said co-founder Roger Larach in an interview. It comes amid a tougher environment for startups as US rates rise and tech valuations drop. Startup funding for the region fell in the first quarter.