B2B LatAm Portal Raises US$5 Million

FORT LAUDERDALE, FLA. (01/28/2000) - Investment money continues to flow like tequila in a Mexican cantina into the coffers of Latin America Internet startups. This time, it was the turn of Decidir.com International, a business-to-business portal founded a year ago, which this week closed a US$5 million round of investment.

Investors include Citibank Venture Capital Latin America and International Real Returns, the company said in a statement.

Decidir.com's first round of private equity netted it $1 million in August.

CIMA Investments provided that money.

The portal company plans to use the investment money to continue its expansion.

The firm is now opening offices in Brazil and Miami, and has its sights set next on Chile and México, the company said. Decidir.com has over 1,300 clients and 38,000 registered users. Its Web site receives 8,000 visitors per day, according to the company.

Investors are beginning to take heed of Latin America's Internet market, which observers say will grow very quickly in the coming years. For example, Japan's Softbank Corp. this month launched a $100 million venture capital fund for Internet companies in Latin America. Also, Patagon.com International Ltd., which runs a portal devoted to providing financial information and services to Latin America, closed a $53 million financing round in late December.

Decidir.com, based in Buenos Aires, Argentina, can be reached at http://www.decidir.com/.

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