Vinod Sreeharsha – The New York Times. 08/24/2012
The crowdfunding site Ideame has acquired the Brazilian company Movere in a deal that may prompt more consolidation in this sector in Latin America.
Ideame, based in Buenos Aires and one year old, said it had acquired 100 percent of Movere’s shares in exchange for 15 percent of Ideame’s stock, valued at about $ 2.5 million. Movere, based in Rio de Janeiro, is thought to be Brazil’s second-largest crowdfunding site.
While most Latin American crowdfunding sites are country-specific, Ideame is trying to become a top player for the entire region. It started at the same time in Argentina, Chile and Mexico.
