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Industry News

Riverwood Capital Leads USD21m Round for Brazilian API Management Platform Sensedia

Riverwood Capital led a USD21m growth round for Brazil-based API management platform Sensedia. Read more

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OTPP to Acquire Brazilian Electricity Transmission Platform Evoltz From TPG

Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire a 100% interest in Brazil-based electricity transmission platform Evoltz from TPG for an undisclosed amount. Read more

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Riverwood Makes Follow-On Investment in Latin America-Focused SUMA

Riverwood Capital made an undisclosed follow-on investment in SUMA, a financial management automation platform for SMEs in Latin America. Read more

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Tiger Global and Coatue Lead USD250m Series C for Mexican Crypto Exchange Bitso

Tiger Global Management and Coatue Management led a USD250m Series C for Mexico-based crypto exchange Bitso, with participation from Valor Capital Group, BOND and Paradigm, and follow-on from KASZEK, QED

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Canary, Dragoneer and Rainfall Lead USD8m Seed Round for Brazilian Insurtech 180° Seguros

Canary, Dragoneer Investment Group and Rainfall led a USD8m seed round for Brazil-based insurtech 180° Seguros, with participation from 8VC, Quartz, Norte Ventures and angel investors. Read more

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Accial Capital Leads USD35m Round for Brazilian Credit Fintech a55

Accial Capital led a USD35m round for Brazil-based credit fintech a55, with participation from E3 Negócios and follow-on from Mouro Capital, Santander’s VC arm. Read more

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Atlantico Leads ~USD20.2m Series B for Brazilian D2C Cosmetics Brand Sallve

Atlantico led a BRL110m (~USD20.2m) Series B for Brazil-based D2C cosmetics brand Sallve, with participation from Red Swan and Endeavor Catalyst and follow-on from Astella Investimentos, Canary, Waldencast and KASZEK.

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Méliuz Acquires InvestTech-Backed Acesso Bank for USD59.5m

Brazil-based cashback platform Méliuz has acquired Acesso Bank, a Brazilian fintech backed by InvestTech, in a BRL324m (USD59.5m) all-stock deal. Read more

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CPP Investments and AIMCo Invest ~USD411m in Brazilian Water and Sewage Service Holding Company Igua Saneamento

Existing investors CPP Investments and Alberta Investment Management Corporation (AIMCo) have agreed to invest an additional BRL1.7b (~USD318m) and BRL500m (~USD93m), respectively, in Igua Saneamento, a Brazil-based water and sewage

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Valor Capital, monashees and Balderton Lead USD160m Debt & Equity Round for Latin America-Focused E-Commerce Platform Merama

Valor Capital Group, monashees and Balderton Capital led a USD160m round for Mexico- and Brazil-based e-commerce platform Merama, with participation from TriplePoint Capital and the CEOs of Uala, Loggi, Rappi

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GIC Leads ~USD55 Series C for Brazilian Fintech Warren

GIC led a BRL300m (~USD55m) Series C for Brazil-based fintech Warren, with follow-on from Ribbit Capital, KASZEK, Chromo Invest, QED Investors, Meli Fund and Quartz. Read more

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CarVal Invests USD150m Debt in Mexico’s Viva Aerobus

CarVal Investors has provided USD150m in financing to Mexico-based ultra low-cost airline Viva Aerobus. Read more

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SoftBank to Invest USD150m in Brazilian Medical Education Group Afya

SoftBank, through its SoftBank Latin America Fund, has agreed to invest BRL822m (USD150m) in Brazil-based medical education group Afya through the purchase of convertible preferred shares. Existing backers Crescera Capital

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Kinea Invests ~USD54.3m in Brazilian Pet Store Chain Cobasi

Kinea Investimentos has invested BRL300m (~USD54.3m) for a minority stake in Brazil-based pet store chain Cobasi. Read more

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TMT Investments and Copernion Capital Lead USD22m Series A for Colombian Dark Kitchen Startup Muncher

TMT Investments and Copernion Capital Partners led a USD22m Series A for Muncher, a Colombia-based startup specialized in building, operating and renting dark kitchens, with participation from Femsa Ventures, MGM

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Crescera Exits Brazil’s Bling via Sale to Locaweb for ~USD94.5m

Crescera Capital has exited its investment in Brazil-based enterprise resource planning SaaS Bling via a sale to Locaweb for BRL524m (~USD94.5m). Read more

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Baillie Gifford Leads USD100m Series D2 for Brazilian Proptech Loft

Baillie Gifford led a USD100m Series D2 for Brazil-based proptech Loft, with participation from investors including Tarsadia, Flight Deck and the founders of Better, GoPuff, Instacart, Kavak and Sweetgreen. Loft

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Gavea- and Warburg-Backed GPS Raises ~USD422m in IPO

GPS, a Brazil-based facilities company backed by Gavea Investimentos and Warburg Pincus, has raised at least BRL2.3b (~USD422m) in its IPO on the B3. Gavea and Warburg achieved a partial

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Blue Like an Orange Invests ~USD12m Debt in Brazilian Solar Energy Solutions Company Órigo Energia

Blue Like an Orange has provided BRL106m (~USD12m) in mezzanine financing to Órigo Energia, a Brazil-based solar energy solutions company serving SMEs and households. Read more

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QED Investors Leads USD15m Series B for Brazilian Payment Infrastructure Fintech Hash

QED Investors led a USD15m Series B for Brazil-based payment infrastructure fintech Hash, with follow-on from KASZEK and Canary. Read more

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Riverwood and Oria Partially Exit Brazil’s Mandic via Sale to Claranet

Riverwood Capital and Oria Capital have partially exited Brazil-based cloud and cybersecurity SaaS company Mandic via a sale to UK-based cloud computing group Claranet. Read more

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Oria Capital Reaches ~USD90m Final Close for Oria Tech III

Oria Capital has reached a BRL500m (~USD90m) final close for Oria Tech III. The fund, which intends to invest in six tech companies in Brazil, has already made three investments:

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Warburg Exits Brazilian Logistics Operator Sequoia Logística via Follow-On Offering for ~USD121m

Warburg Pincus has partially exited its stake in B3-listed Sequoia Logística, a Brazil-based logistics operator focused on the e-commerce sector, via a follow-on offering worth BRL894m (~USD158.5m). Warburg Pincus received

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IFC to Invest USD20m in HMC Andean Private Debt Investment Fund

IFC has agreed to invest USD20m in HMC Deuda Privada Andina, a private debt fund which will provide financing to mid-sized companies in Colombia, Peru and Chile. Read more

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SoftBank-Led Consortium to Invest USD1b in Televisa-Univision Merger

A consortium of investors led by SoftBank and including Google and the Raine Group will invest USD1b in Televisa-Univision, a merger between Mexico-based broadcast and media giant Grupo Televisa and

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Jaguar Growth Partners Acquires Brazilian Real Estate Securitization Platform RB SEC

Jaguar Growth Partners has acquired Brazil-based real estate securitization platform RB SEC from RB Capital for an undisclosed amount. Read more

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D1 Capital, Founders Fund, Ribbit and BOND Lead USD485m Series D for Mexican Car Resale Marketplace Kavak

D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D for Mexico-based car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global and Greenoaks

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QED Investors Leads USD12m Series A for Mexican Logistics Startup Nuvocargo

QED Investors led a USD12m Series A for Nuvocargo, a Mexico-based digital logistics platform for cross-border trade, with participation from David Velez (Nubank), Michael Ronen (SoftBank), FJ Labs, Clocktower, Karim

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Aqua Capital’s AgroGalaxy Acquires Brazil’s Sementes Campeã and Boa Vista for ~USD9.5m

Aqua Capital’s AgroGalaxy, a holding company bringing together Aqua Capital’s agribusinesses, has acquired the remaining 30% stake in Brazil-based Sementes Campeã for BRL12.3m (~USD2.2m), after acquiring a 70% stake in

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KKR Acquires 20% Stake in Sempra Infrastructure Partners for USD3.37b

KKR has agreed to acquire a 20% stake in Sempra Infrastructure Partners, the new business platform of US-based energy infrastructure company Sempra Energy, for USD3.37b. Under the terms of the

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Ribbit Capital Leads USD26.7m Series A for Brazilian Fintech Cora

Ribbit Capital led a USD26.7m Series A for Cora, a Brazil-based digital lender for SMEs, with participation from KASZEK, QED Investors and Greenoaks Capital. Read more

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Vinci Acquires Brazilian Wind Farms from Petrobras & Wobben

Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4 from Petrobras and Wobben. Read more

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Aqua Capital Acquires Brazilian Machinery Platform Rech Tratores for ~USD17.5m

Aqua Capital has acquired Brazil-based agricultural machinery reseller Rech Tratores for ~BRL100m (~USD17.5m). Read more

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Alkeon Capital Leads USD150m Round for Uruguayan Cross-Border Payment Processor dLocal

Alkeon Capital led a USD150m round for Uruguay-based payment processor dLocal, with participation from BOND, D1 Capital Partners and Tiger Global Management, at a USD5b valuation. Read more

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Mountain Nazca Leads USD2.4m Pre-Seed Round for Mexico’s Meru

Mountain Nazca led a USD2.4m pre-seed round for Meru, a Mexico-based B2B marketplace for Asian products, with participation from Ricardo Weder (Jüsto), Roger Laughlin (Kavak) and David Geisen (Mercado Libre).

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Vinci Partners Reaches USD173m Final Close for Vinci Impacto e Retorno IV

Vinci Partners has reached a BRL1b (~USD173m) final close for Vinci Impacto e Retorno IV. The vehicle will invest in medium-sized companies operating in the healthcare, education, retail, IT and

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TCV Leads USD130m Series C for Brazilian Content Distribution Platform Hotmart

TCV led a BRL735m (~USD130m) Series C for Brazil-based content distribution platform Hotmart, with participation from Alkeon Capital. Read more

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Mercado Libre, Globant, Riverwood Capital and KaszeK Invest USD50m Round for Argentinian Edtech Digital House

Mercado Libre, Globant, Riverwood Capital and existing investor KaszeK Ventures have invested a USD50m round for Argentina-based edtech Digital House. Read more

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Carrefour to Acquire Advent-Backed Grupo BIG Brasil for ~USD1.3b

Grupo Carrefour Brasil has agreed to acquire Grupo BIG Brasil, a Brazil-based food retailer backed by Advent International, for BRL7b (~USD1.3b). Once the deal is completed, Advent and Walmart will

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Advent Sells Stake in Mexico’s Gayosso to Servicios Funerarios GG for USD49m

Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007. Read more

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IFC and Goldman Sachs Lead USD25m Series C for Brazilian Consumer Credit Fintech OpenCo

IFC and Goldman Sachs led a USD25m Series C for OpenCo, a Brazil-based consumer financing fintech resulting from the merger of fintechs Geru and Rebel, with Raiz Investmentos as a

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FTV Capital Leads USD35m Series B for Brazilian Corporate and Trust Service Provider Vortx

FTV Capital led a USD35m Series B for Vortx, a Brazil-based tech-enabled corporate and trust service provider for fund managers and corporate issuers. Read more

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D1 Capital Leads USD425m Series D for Brazilian Proptech Loft

D1 Capital led a USD425m Series D for Brazilian proptech Loft at a USD2.2b valuation, with participation from Advent International, Altimeter Capital Management, Canada Pension Plan Investment Board, DST Global,

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Accel Leads USD90m Series D for Brazilian E-Commerce Platform Nuvemshop

Accel led a USD90m Series D for Nuvemshop, a Brazil-based e-commerce platform for SMEs with operations in Mexico, Brazil and Argentina, with participation from ThornTree Capital and follow-on from KaszeK

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CPP Investments to Invest USD214.5m in Brazilian Water and Sewage Service Holding Company Igua Saneamento

Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b (~USD214.5m) for a 45% stake in Brazil-based water and sewage service holding company Igua Saneamento, partnering with existing

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Patria SPAC Files for USD250m IPO

Patria Acquisition, a SPAC formed by Patria Investimentos targeting Latin American companies, has filed to raise up to USD250m in an IPO on the Nasdaq. Read more

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DILA Capital SPAC Files for USD50m IPO

DILA Capital Acquisition, a SPAC formed by DILA Capital targeting tech-enabled sectors in Latin America, has filed to raise up to USD50m in an IPO on the Nasdaq under the

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Homebrew Leads USD3.3m Round for Mexican B2B Payments Company Higo

Homebrew led a USD3.3m round for Higo, a Mexico-based B2B payments company focused on SMEs, with participation from Susa Ventures, Haystack and J Ventures. Read more

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Adobe Capital Invests in Chilean Refurbished Phone Company Rephone

Adobe Capital, through its Adobe Mezzanine Fund II, has invested an undisclosed amount in Rephone, a Chile-based company that recovers, refurbishes and resells previously used smartphones. Read more

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Portag3 and Gradient Ventures Lead USD14m Series A+ for Mexican Fintech Fondeadora

Portag3 and existing investor Gradient Ventures led a USD14m Series A extension for Mexico-based challenger bank Fondeadora, with participation from angel investors. Gradient Ventures led the USD14m first tranche of

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Boa Vista Acquires Crescera-Backed Konduto for USD30.6m

Boa Vista has acquired 100% of Konduto, a Brazilian anti-fraud startup backed by Crescera Capital, for BRL172m (approximately USD30.6m). Read more

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XP Asset Management Invests USD8.7m Debt in Brazilian Fintech Acqio

XP Asset Management has invested BRL50m (approximately USD8.7m) in a convertible debt round for Brazil-based fintech Acqio. Read more

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Volpe Capital Reaches USD80m First Close for Latin American VC Fund

Volpe Capital has reached a USD80m first close with commitments from SoftBank, BTG Pactual and Banco Inter affiliates. The VC fund, which specializes in high-growth technology investments in Latin America,

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