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Brazilian Facebook co-founder Saverin triples stake in Latin American startup Yalo

RIO DE JANEIRO, BRAZIL - Brazilian billionaire Eduardo Saverin, one of Facebook co-founders alongside Mark Zuckerberg, has boosted his stake in Mexican startup Yalo, the first and only company in Latin America to receive an investment from his fund, B Capital Group.

After having led the company's Series B round last year, this Wednesday, the manager announced that it was once again the leader in the startup's US$50 million Series C round.

Founded in Mexico by entrepreneur Javier Mata, Yalo (formerly Yalochat) specializes in a market dubbed chat commerce. In practice, these are online sales and services . . .

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