Belo Announces $14 Million Series A

Gunderson Dettmer represented Belo, a Latin America-focused digital wallet that uses crypto rails for payments, in its $14 million Series A financing. The round was led by Tether with participation from Titan Fund, The Venture City, Mindset Ventures, and G2.

“We reached this round with three years of profitable operations and a product that people use in their daily lives,” said Belo CEO Manuel Beaudroit, in a CoinDesk article profiling the transaction. “This round is about scaling. Crypto will be starting to do what the traditional financial services haven't done, which is servicing people and their companies.”

The Gunderson deal team was led by Daniel Green and Federico Varni and included Felipe Hasenohr, Megan Wiener, and Maria Paulina Muñoz.