Mexican Startup Yaydoo Raises $20.4 Million Dollars and Will Begin Expansion in LATAM

Recently, the company announced to Forbes Mexico the successful completion of a Series A funding round, raising a total of $20.4 million. This impressive capital raise was led by prestigious funds Base10 Partners and Monashees, who recognized Yaydoo's potential. Additionally, the Softbank Latin America Fund and Leap Global Partners also joined the financing, highlighting the support of renowned investors. 

The fundraising process began in the third quarter of last year, when the company was not actively seeking investment. However, Yaydoo's excellent reputation attracted interest from funds they had previously been in contact with. 

Sergio Almaguer, one of the startup's co-founders, explained their excitement about this new financial backing, which will allow them to further drive their vision and expand their financial automation solution for the benefit of more businesses.