Cross-border commerce helps Mexico slim know-how hole

“Over the previous decade, Mexico has develop into a enterprise capital hub in Latin America, attracting each native and worldwide traders. Mexican startups have secured $9.89 billion throughout 1,897 funding rounds, strengthening the nation’s place as a driving pressure for innovation and entrepreneurship within the area,” in accordance with the report.

In 2021, Mexican startups attracted a file $3.6 billion in enterprise capital funding, led by the used automobile e-commerce market. poplar Funding spherical of $810 million. Final 12 months, Mexico-based startups raised $1.14 billion in enterprise capital, far lower than in 2021, however a 1% improve from 2022.

Nacho De Marco, CEO and co-founder of the San Francisco-based firm BairesDevmentioned Mexico has develop into a hub for tech expertise, together with firms centered on logistics and business transportation.

BairesDev, based in 2009, is a software program outsourcing firm with a community of 4,000 senior software program engineers and over 500 purchasers, together with Google, Pinterest and Adobe.

“We now have expertise working with purchasers in transportation, logistics and provide chain administration,” De Marco mentioned in an e mail to FreightWaves. “As these industries endure digital transformation, companies are more and more counting on know-how to streamline operations, enhance buyer experiences and acquire efficiencies. Our groups have helped our prospects right here by creating customized purposes, optimizing information evaluation, and implementing automated options that deal with particular logistics challenges.

By 2024, Mexico Metropolis will overtake Sao Paulo, Brazil, as Latin America’s largest tech expertise market, with 300,000 tech professionals, in accordance with a examine. report from world actual property funding agency CBRE.

“Monterrey, Mexico leads the expertise development fee over a five-year interval with 125%, adopted by Mexico Metropolis with 88%,” CBRE mentioned.

Mexico-based expertise working at BairesDev has elevated by 99% over the previous 5 years, in accordance with De Marco.

“Latin America is turning into a world know-how hub, pushed by key components: rising funding in STEM training from private and non-private entities; Latin American engineers have a wonderful stage of English; cultural affinity and time zone proximity to the USA; a “signaling” impact from a rising variety of profitable Latin American tech founders, in addition to new entry to enterprise capital,” De Marco mentioned.

Stone peak introduced the acquisition of six logistics property totaling 2.3 million sq. ft in Houston.

The property are situated lower than 8 miles from Port Houston and supply the corporate with 3.4 million sq. ft of logistics house throughout Texas.

Stonepeake, primarily based in New York, is an funding agency specializing in infrastructure and actual property property, with property underneath administration price roughly $70 billion.

In September, Stonepeak acquired a 1.1 million sq. foot logistics portfolio situated within the AllianceTexas growth in Fort Value.

“We proceed to consider within the energy of provide chain actual property anchored in Port Houston’s vital infrastructure, given its vital position in native and nationwide provide chains, and we’re excited to proceed investing on this theme,” Phill Solomond, Managing Director of Stonepeak. normal supervisor, director and head of actual property, mentioned in a press release.

Provide chain service supplier CJ Logistics America has leased a 1.07 million sq. foot facility in Wilmer, Texas, in accordance with the Dallas Business Journal.

The logistics facility is situated inside the 252-acre Southpark Logistics Park. The commercial growth is situated 17 miles south of downtown Dallas.

CJ Logistics has greater than 80 warehouse, freight forwarding and transportation operations throughout the USA, Canada and Mexico. The corporate’s U.S. headquarters is situated in Des Plaines, Illinois.

CJ Logistics America is a subsidiary of the CJ Group primarily based in South Korea.

Interconnected transportationa completed automobile logistics supplier, not too long ago acquired Tennessee Auto Carriers, No Boundaries Transportation and BST Auto Transportation, in accordance with PE Center.

As a part of these acquisitions, Interlink Transport will change its identify to No Boundaries Auto Logistics. The corporate supplies transportation options to unique gear producers within the Midwest and Southeast United States.

Monetary phrases of the transaction weren’t disclosed.

Headquartered in Wills Level, Texas, Interlink Transport is a division of Dallas-based MAG Capital, an industrial actual property funding agency.

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