Stanley Black & Decker buys stake in Argentine startup IguanaFix [Reuters]
Stanley Black & Decker, Inc. (SWK)
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Source: Reuters
Stanley Black & Decker buys stake in Argentine startup IguanaFix - Reuters 3 Min Read BUENOS AIRES (Reuters) - U.S. toolmaker Stanley Black & Decker Inc has acquired a stake in IguanaFix, an Argentine online company that connects homeowners with service providers, the companies told Reuters. The unspecified investment, finalized during Argentina’s worst-ever week of market turmoil, was Stanley Black & Decker’s venture funding arm’s ( SWK.N ) first in South America, according to Larry Harper, vice president of Stanley Ventures. It also represents a small boom for tech-oriented startups in Latin America, recently led by Japan’s Softbank Group Corp ( 9984.T ). In 2016, IguanaFix raised more than $20 million from Temasek Holdings, Singapore’s state investor, and Qualcomm Ventures ( QCOM.O ), the corporate investment arm of the U.S. tech giant. The announcement by IguanaFix, which connects users with service providers for homes repairs, painting and other tasks through an app, comes
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Earnings
- 2/1/24 - Beat
SWK
Sec Filings
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- SWK's page on the SEC website