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Nilo Ventures Invests in YCombinator Backed Mexican Startup, Covela.

Nilo makes the most of LatAm’s growing tech ecosystem and YCombinator’s confidence in the region with an investment in Covela (YCS19)

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Y Combinator Doubles Down on Latin America’s Growing Tech Ecosystem.

Before 2018, YC had only invested in 11 Latin American tech companies including Colombia’s unicorn, Rappi. This year, YC invested in 24 LatAm startups, 15 of which came from the undisclosed S19 batch alone. YC’s growing interest is one of the many encouraging signs that LatAm’s tech ecosystem is maturing.