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Newtopia’s Portfolio Updates – May/June 2023

By 08/06/2023No Comments

Newtopia’s Portfolio Updates – May/June 2023

Here we share the complete updates of our portfolio.

If you are interested in an introduction, please contact us at


Maslow | SaaS – Future of Work

  • Achieved Profitability. 77x increase in revenue YTD. The usage of benefits has grown by 1.771%.
  • Alliances with Walmart, Rappi, Justo, WeWork, Cinepolis. Serving companies in multiple countries such as Brazil and Spain.
  • Fundraising: Secured an investment from BairesDev founders and closed the Angels Round.

Kitchenita | Restaurant Technology

  • Data agreements with McDonald’s and Starbucks, currently pivoting into a pure AI play for the food industry.
  • Implemented tech stack and virtual restaurants in 10 locations from Accor Hotels Group both in Mexico and Argentina. 
  • CNN interview on recent AI and machine learning developments. 
  • Fundraising: closing a round extension in Q3 2023, already 70% of round committed, 12 months runway already secured 

belo | Fiat-Crypto digital wallet 

  • During Q1, the GTM strategy was adjusted to focus on freelancers, resulting in a 12% MoM growth rate. 
  • Partnered with Payoneer. Potential to reach +30M users worldwide.
  • During Q2/Q3 will continue to launch new features to improve on ramp/off ramp in Latam, US & Europe.
  • Attended the MIT Bitcoin expo & Consensus conference in Austin.
  • Fundraising: Looking to close a seed extension. Already have commitments from existing & new VC’s. 

Kigüi | Sustainability – FoodTech

  • Revenue QoQ x5, 15% MoM for 3 consecutive months. Focus on Mexico. Partnership with Movistar.
  • Press: Forbes, Alto Nivel, Revista Emprende, Revista Q México
  • Kigüi invites you to participate in their Investor Day in the AWS Impact Accelerator for Latino Founders cohort on June 28th, with +150 US investors. Join here.
  • Fundraising: Raised $245,000, included AWS Impact Accelerator grand in cash.

Mokens League | Videogames – Web3 

  • Nov to Mar: 200 DAU, 1400 MAU, 18% stickiness average. Retention rate during the early access period was D1: 22%, D7: 5.3%, and D28: 1.6%.
  • Mobile version, new stadiums, free-to-play mechanics, NFT sales preparations, an AI system, integration with, and partnership with Ola Guild Games.
  • Fundraising: Successfully committing and signing 750k with the target of 3M at a 20M valuation. 400k already deposited.

Pura Mente | SaaS – HealthTech

  • Revenue rose 7% to $66,994 this month, driven by 189k installs and 2,685 new paid users, making it their second-best month for acquisition.
  • Completed meditations increased by 8%.
  • 28 months of runway and a clear path to growth and profitability.

Beu | Creator economy 

  • “Courses” feature was launched, enabling infoproducers to sell content in a masterclass format.
  • +10 infoproducers with targets of more than USD $100k registered during the week of the “Courses” feature launch.
  • Getting closer to break even. -30% in net cash (USD -$7k in May) burn vs April.

Nuqlea | Contech – e-Commerce

  • GMV Total May ‘23: USD $1,965,168
  • GMV USD %: 22% growth compared to the previous month.
  • Featured in the 2023 ConTech Latam Report by Leonard.

Nilus | Social Commerce – Sustainability 

  • Q1: 1.2M of healthy meals delivered – 27,8K Food Waste Rescued – 90Tns Co2 equivalent avoided.
  • Selected by Norrsken as one of the 50 most innovative companies that don’t destroy our planet.
  • Launched Nilus News 2nd edition

Lizit | SaaS – B2B Marketplace

  • 11 FTEs 
  • Closed a $1M SaaS enterprise contract with the biggest home-improvement retailer in Colombia becoming the backbone of their entire rental operation.
  • Finished the Techstars by J.P. Morgan program.

Glass | E-commerce for Governments 

  • Government buyers from 5 new agencies. Got awarded 2 new blanket contracts with the State of California. 
  • Increased order fulfillment rate by 20% and brought over 350k new products by striking new partnerships with U.S. manufacturers and distributors. 
  • Media features with +3M views. Entrepreneur and Wall Street Journal. Got selected in the GovTech Bootcamp by IDB
  • Onboarded 2 key hires, with Ivanna Lajara as Head of Government Activation and Vanesa Damiani as Head of Government Partnerships.

For me | Social commerce

  • Sales of USD $1,3M YTD were generated, operating with an 85% gross profit margin and 20% net margins.
  • Nicolás Martinez has been incorporated as CTO
  • Consolidated a community of 1k content creators in the USA.

Oliver | SportTech 

  • 5 new teams in May. A new distribution agreement enables the shipment of +1000 units to Mexico. Expanded to Kuwait. 

The Newtopia Team – Check our Portfolio