Startups
Ualá Raises $66 Million in Series E Second Close With TelevisaUnivision
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Latin American fintech Ualá boosted its Series E round by $66 million in a second close that included participation from Mexican media giant TelevisaUnivision.
The funds raised through the equity sale will be used to continue growing across Latin America, with a special focus on Mexico, said founder and Chief Executive Officer Pierpaolo Barbieri. The amount brings the round, which began in November, to a total of $366 million, one of the largest in the region over the past few years. The company was valued at $2.75 billion at the first close.