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Latin America Data Insights (Mid-Year 2020)
EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel). Despite the difficulties introduced by COVID-19, year-over-year fundraising increased 30% Fundraising for Latin
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Industry News
KKR to Acquire Majority Stake in Telefonica Chile’s Fiber Optic Network in a Deal Valued at USD1b
KKR has agreed to acquire a majority stake in the existing fiber optic network of Telefonica Chile in order to establish an open access wholesale fiber optics company. As part
Read MoreMGM Innova Capital Invests USD4m in Mexican Clean Energy Financing Platform Wirewatt
MGM Innova Capital has invested USD4m in Wirewatt, a Mexico-based clean energy financing platform providing loans to homeowners and SMEs to finance solar, battery, and other energy-efficiency improvement projects. Read
Read MoreArlon Group and FitPart Invest USD18.5m in Brazilian Logistics Solutions Company Sotran
Arlon Group and FitPart have invested BRL100m (approximately USD18.5m) in Sotran, a Brazil-based logistics solutions company serving the agribusiness sector. Read more
Read MoreInvus Opportunities and SoftBank Lead USD84.5m Round for Brazilian Edtech Descomplica
Invus Opportunities and SoftBank led a USD84.5m round for Brazil-based edtech Descomplica, with participation from Valor Capital Group, Península Participações, Chan Zuckerberg Initiative, and Amadeus Capital Partners. The Edge, guitar
Read MoreBase10 Leads USD7.8m Seed Round for Mexico-Focused Fintech Mundi
Base10 led a USD7.8m seed round for Mundi, a fintech platform aiming to facilitate US-Mexico trade by helping Mexican exporters get access to trade financing, with participation from FJ Labs.
Read MoreUpper90, FJ Labs, Angel Ventures, and Presight Capital Invest USD50m Seed Round for Mexican E-Commerce Acquirer VALOREO
Upper90, FJ Labs, Angel Ventures, Presight Capital, and angel investors have invested a USD50m seed round for VALOREO, a Mexico-based company specialized in acquiring, operating, and scaling e-commerce businesses. Read
Read MoreAstella Invests USD1.5m in Brazilian Omnitech Solutions Startup bornlogic
Astella Investimentos has agreed to invest BRL8m (approximately USD1.5m) in bornlogic, a Brazil-based omnitech solutions startup. Read more
Read MoreH.I.G. Capital in Partial Exit from Brazilian Advertising Company Eletromidia via USD162m IPO
H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s BRL871.6m (approximately USD162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius
Read MoreThronTree Capital Partners Leads USD33.3m Series B for Brazilian Healthtech Alice
ThronTree Capital Partners led a BRL180m (approximately USD33.3m) Series B for Brazilian healthtech Alice, with participation from Endeavor Catalyst and follow-on from KaszeK Ventures, Canary, and Maya Capital. Read more
Read MoreH.I.G. Capital Acquires Brazilian Pet Food Manufacturer FVO
H.I.G. Capital has acquired Brazil-based pet food manufacturer FVO – Brasília Indústria e Comércio de Alimentos (FVO) for an undisclosed amount. Read more
Read MoreDILA Capital Reaches USD35m First Close for DILA IV
DILA Capital has reached a USD35m first close for DILA IV, with IDB Lab as the anchor investor in the fund. The vehicle targets investments in tech-enabled companies in Latin
Read MoreIDB Lab Invests in Salkantay Exponential Fund
IDB Lab has agreed to invest in Salkantay Exponential Fund, a vehicle managed by Salkantay Ventures. The fund will focus on early-stage tech investments in Peru. Read more
Read MoreNexus Group to Acquire 20% Stake in Lottery and Sports Betting Company Intralot de Peru
Nexus Group, via its NG Capital Partners II fund, has agreed to acquire the remaining 20% stake in Peru-based lottery and sports betting company Intralot de Peru from Intralot Greece.
Read MoreGeneral Atlantic Leads USD65m Series A for Mexican Grocery Delivery Startup Jüsto
General Atlantic led a USD65m Series A for Mexico-based grocery delivery startup Jüsto, with follow-on from existing investors including Foundation Capital and Mountain Nazca. Read more
Read MoreMubadala Acquires Brazil’s RLAM Refinery from Petrobras for USD1.65b
Mubadala Investment Company has acquired Brazil-based refinery Refinaria Landulpho Alves (RLAM) from Brazilian state-owned oil company Petrobras for USD1.65b. Read more
Read MoreIgah Ventures Reaches USD130m Final Close for Brazil VC Fund
Igah Ventures has reached a USD130m final close for its latest Brazil-focused VC fund. SoftBank is among the investors in the fund. Read more
Read MoreQuona Capital and Kinea Ventures Lead USD6m Series A for Brazilian Financial Marketplace Monkey
Quona Capital and Kinea Ventures led a USD6m Series A for Monkey, a Brazil-based digital marketplace for supply chain finance. Read more
Read MoreValor Capital Leads USD19m Series A for Brazilian Enterprise Communication and Collaboration Platform Rocket.Chat
Valor Capital Group led a USD19m Series A for Rocket.Chat, a Brazil-based enterprise communication and collaboration platform, with participation from e.ventures, Greycroft, Graphene Ventures, monashees, NEA, ONEVC, and DFG. Read
Read MoreWomen’s World Banking Leads USD6.6m Pre-Series B for Colombian Fintech Aflore
Global non-profit Women’s World Banking, through its Women’s World Banking Capital Partners II fund, led a USD6.6m pre-Series B for Aflore, a Colombia-based fintech focused on financial inclusion, with participation
Read MoreL Catterton Partially Exits Brazilian Hair Removal Company Espaçolaser for USD148.5m via IPO
L Catterton has partially exited its stake in Brazil-based hair removal company Espaçolaser via the company’s BRL2.64b (approximately USD483m) IPO on the B3. L Catterton sold shares worth BRL811.6m (approximately
Read MoreGIC, Whale Rock, and Invesco Lead USD400m Series G for Brazilian Fintech Nubank
GIC, Whale Rock, and Invesco led a USD400m Series G for Brazil-based fintech Nubank, with participation from Tencent Holdings, Dragoneer Investment Group, Ribbit Capital, and Sequoia Capital at a reported
Read MoreIporanga Investimentos Leads Seed Round for Brazilian B2B Wholesale Marketplace Gonddo
Iporanga Investimentos led an undisclosed seed round for Brazil-based B2B wholesale marketplace, with participation from Verve Capital and angels investors including Viva Real founder Brian Requarth and Olist founder Tiago
Read MoreIgah Ventures Leads USD7m Series A for Brazilian Payroll Credit Fintech BxBlue
Igah Ventures (formerly e.Bricks Ventures) led a BRL38m (approximately USD7m) Series A for Brazil-based credit fintech BxBlue, with participation from Iporanga Ventures, FJ Labs, and Funders Club. Read more
Read MoreFive Elms Capital Invests USD25m in Colombian Customer Service Monitoring Startup Playvox
Five Elms Capital has invested USD25m in Playvox, a Colombia-based provider of quality assurance software for customer service. The company also announced its acquisition of Australian workforce monitoring SaaS company
Read MoreTPG Capital’s Matrix Renewables Acquires 154MW Solar Portfolio in Chile
TPG Capital’s renewable energy platform Matrix Renewables has acquired a 154 MW solar portfolio in Chile from Verano Capital for an undisclosed amount. Read more
Read MoreLinzor Capital Partners Acquires Majority Stake in Colombian Health Care Services Company Sies Salud
Linzor Capital Partners has acquired a majority stake in Sies Salud, a Colombia-based health care services company specializing in HIV treatments. Read more
Read MoreBlackstone-Backed Pátria Raises USD588m in US IPO, Blackstone Partially Exits
Blackstone Group-backed Pátria Investimentos has raised USD588m in a US IPO, with Blackstone reducing its stake to 14% for USD262m. Pátria will use the proceeds to launch new funds and
Read MoreMubadala Acquires Control of Brazilian Highway Concession Rota das Bandeiras for USD376m
Mubadala Investment Company has acquired Farallon Capital Management’s interest in Brazil-based highway concession Rota das Bandeiras for BRL2b (approximately USD376m), becoming the company’s sole controller. The concession operates nearly 300
Read MoreKaszeK Ventures Leads USD3.7m Series A for Brazilian Chat-Commerce Platform OmniChat
KaszeK Ventures led a BRL20m (approximately USD3.7m) Series A for Brazil-based chat-commerce platform OmniChat, with participation from GooDz Capital and Honey Island Capital. Read more
Read MoreAlloy Merchant Finance Completes Debt Investment in Mexican Payments Solutions Software Specialist Moneta Technologies
Alloy Merchant Finance has completed an undisclosed structured debt investment in Moneta Technologies, a Mexico-based company providing technology solutions for digital payments in Latin America. Read more
Read MoreCapria Commits USD2m to Angel Ventures Pacific Alliance Fund II
Capria Ventures has invested USD2m in Angel Ventures Pacific Alliance Fund II. The vehicle, managed by Angel Ventures, will focus on addressing gaps in financial inclusion, food security, and access
Read MoreSoftBank Leads Undisclosed Series C for Brazilian Online Accounting Services Startup Contabilizei
SoftBank’s Latin America Fund led an undisclosed Series C for Brazil-based online accounting services startup Contabilizei, with follow-on from KaszeK Ventures, Point72 Ventures, Quona Capital, and IFC. Read more
Read MoreNew Fortress Energy Acquires Stonepeak-Backed Hygo and Golar LNG Partners for USD5b
New Fortress Energy has acquired Stonepeak-backed Hygo and Golar LNG Partners for USD5b. The investment will add 2700MW of power generation and a robust customer pipeline to Brazil’s natural gas
Read MoreAstella Investimentos Leads USD2m Round for Brazilian Omnichannel Learning Platform Skore
Astella Investimentos led a BRL11m (approximately USD2m) funding round for Brazil-based omnichannel learning platform Skore, with participation from Alexia Ventures. Read more
Read MoreAustralis Partners Acquires Stakes in Mexico’s Sekura and Chile’s Galénica
Australis Partners has acquired a majority stake in Mexico-based multiline insurance company Sekura for an undisclosed amount. As part of the transaction, Arpa Capital and non-executive shareholders exited from the
Read MoreAppian Reaches USD775m Final Close for Appian Natural Resources Fund II
Appian Capital has reached a USD775m final close for its second fund. The vehicle will focus on investments in metals and mining, targeting assets in jurisdictions with proven geology, supportive
Read MoreIDB Commits Combined USD30m to Vinci and HMC Funds
IDB Invest has agreed to commit a combined USD30m to funds managed by Vinci Partners and HMC Capital. IDB agreed to invest up to USD10m in Vinci Impact and Return
Read MoreSoftBank and Dynamo Lead USD190m Series E for Brazilian Online Marketplace MadeiraMadeira
SoftBank and Dynamo led a USD190m Series E for MadeiraMadeira, a Brazil-based online marketplace that specializes in home products, with follow-on from Flybridge, monashees, Velt, Brasil Capital, and Lakewood. With
Read MoreOria Capital Invests USD7.7m in Brazilian PRtech Knewin
Oria Capital has invested BRL40m (approximately USD7.7m) in Knewin, a Brazil-based PRtech providing solutions for public relations and marketing. Read more
Read MoreIDB, HBM Healthcare Investments, and Morgan Rio Capital Management Invest USD18m Series B in Colombian E-Pharmacy Farmalisto
IDB Invest, HBM Healthcare Investments, and Morgan Rio Capital Management have invested a USD18m Series B in Colombia-based digital pharmacy Farmalisto. Read more
Read MoreQED Investors Leads USD17.5m Series A for Chilean Insurtech Betterfly
QED Investors led a USD17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage.
Read MoreMountain Nazca Leads USD17.5m Series A for Peruvian Edtech Crehana
Mountain Nazca led a USD17.5m Series A for Crehana, a Peru-based online learning platform, with participation from Endeavor Catalyst, IFC, and Salesforce Ventures. Alive Ventures, Dila Capital, and Rethink Education
Read MoreLinzor Capital Partners Acquires Majority Stake in Chilean Dental Care Company Uno Salud Dental
Linzor Capital Partners has acquired a majority stake in Chile-based dental care company Uno Salud Dental for an undisclosed amount. Read more
Read MoreSP Ventures Reaches USD25.3m Second Close for AgVentures II
SP Ventures has reached a BRL130m (approximately USD25.3m) second close for AgVentures II, with a BRL40m (USD7.8m) commitment from French animal nutrition company Adisseo and US phosphate mining company Mosaic.
Read MoreLGT Lightstone Leads USD255m Series E for Brazilian Fintech Creditas
LGT Lightstone led a USD255m Series E for Brazil-based fintech Creditas, with participation from Tarsadia Capital, e.ventures, Wellington Management, and Advent International affiliate Sunley House Capital, and follow-on from SoftBank’s
Read MoreXP Private Equity Acquires Stake in Brazilian Insurance Company Pottencial Seguradora for USD54m
XP Private Equity has acquired a minority stake in Brazil-based insurance company Pottencial Seguradora for BRL275m (approximately USD54m). Read more
Read MoreBCIE to Invest up to USD50m in Infrastructure Fund Targeting Central America
Banco Centroamericano de Integracion Economica (BCIE) will invest up to USD50m in Fondo de Capital Privado de Infraestructura para el Desarrollo de Centroamerica (KorBCIE) to target infrastructure projects in Central
Read MoreKaszeK Ventures and QED Lead USD62m Series B for Mexican Crypto Platform Bitso
KaszeK Ventures and QED Investors led a USD62m Series B for Mexico-based crypto platform Bitso, with follow-on from Coinbase Ventures and Pantera Capital. Read more
Read MoreTemasek Invests USD20m in Brazilian Payment Processing Platform Conductor
Temasek has invested USD20m in Conductor, a Brazilian payment processing platform and banking as a service company, bringing the company’s latest round of fundraising to USD170m. Viking Global Investors previously
Read MoreIDB Invest and Blue Like an Orange Provide USD50m Mezzanine Facility for Panamanian Hospitality Startup Selina
IDB Invest and Blue Like an Orange have provided USD35m and USD15m, respectively, in mezzanine financing to Panama-based hospitality startup Selina to support the continuity of its expansion plans in
Read MoreMountain Nazca, Flourish Ventures, Valar Ventures, and Greyhound Capital Invest USD45m in Mexican Challenger Bank albo
Mountain Nazca, Flourish Ventures, Valar Ventures, and Greyhound Capital, among others, have invested USD45m in Mexico-based challenger bank albo. Read more
Read MoreCarlyle and GIC Partially Exit Brazilian Hospital Network Rede D’Or via USD2.23b IPO
The Carlyle Group and GIC have sold a small portion of their combined stake in Brazil-based hospital network Rede D’Or, reducing it from 37.8% to 34%, via the company’s BRL11.4b
Read MoreRiverwood Invests USD32m in Brazilian E-Commerce and Omnichannel Logistics
Riverwood Capital has invested USD32m in Intelipost, a Brazil-based e-commerce and omnichannel logistics tech company. Intelipost just announced a merger with Brazil-based logistics technology startup AgileProcess. Read more
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