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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
Index Ventures Leads USD19m Series A for Mexican Healthtech Sofía
Index Ventures led a USD19m Series A for Sofía, a Mexico-based telemedicine and insurance platform backed by KaszeK Ventures. Read more
Read MoreSoftBank Leads USD58m Series D for Brazilian E-Commerce Platform Olist
SoftBank led a BRL310m (approximately USD58m) Series D for Olist, a Brazil-based e-commerce platform for retailers, with participation from Valor Capital Group, Península, VELT Partners, FJ Labs, and Kevin Efrusy.
Read MoreActis Exits Mexican Renewable Energy Company Zuma Energía to China’s SPIC
China’s State Power Investment Corp., through its Hong Kong-based unit China Power International Holding Limited, has acquired Mexico-based renewable energy company Zuma Energía from Actis for an undisclosed amount. Read
Read MoreDEG Commits up to USD11.8m to Vinci Impact and Return Fund IV
DEG has agreed to commit up to USD11.8m to Vinci Impact and Return Fund IV, a fund managed by Vinci Partners. The vehicle will invest in SMEs across the education,
Read MoreEB Capital Acquires 55% Stake in Brazilian E-Commerce Platform Loja do Mecânico for USD101m
EB Capital has acquired a 55% stake in Brazil-based e-commerce platform for tools and machines Loja do Mecânico for BRL550m (approximately USD101m). The transaction reportedly brings the company’s valuation to
Read MoreAqua Capital Acquires Brazilian Agribusiness Verde Agrícola
Aqua Capital has agreed to acquire Verde Agrícola, a Brazil-based reseller of spare parts for agricultural machinery, for an undisclosed amount. Read more
Read MoreQualcomm and monashees Lead Series A for Brazilian Edge Computing Platform Azion
Qualcomm Ventures and monashees led an undisclosed Series A for Brazil-based edge computing platform Azion. Read more
Read MoreGIC Invests USD76m in Brazilian Management Systems Company Sankhya
GIC has invested BRL425m (approximately USD76m) in Sankhya, a Brazil-based supplier of business management systems, for a significant minority stake. Read more
Read MoreNexxus Makes Undisclosed Mezzanine Investment in Mexican Leasing Company TIP de México
Nexxus Capital made an undisclosed mezzanine investment in TIP de México, a Mexico-based company specialized in leasing transportation equipment. Read more
Read MoreSP Ventures Invests USD2.4m in Brazilian Agricultural Credit Company Traive
SP Ventures has invested BRL14m (approximately USD2.4m) in Brazil-based agricultural credit company Traive, with participation from Bread & Butter Ventures and Techstars. Read more
Read MoreAstella Investimentos Leads USD1.4m Investment in Brazilian HRtech BossaBox
Astella Investimentos led a BRL8m (approximately USD1.4m) investment in Brazil-based HRtech BossaBox, with participation from Redpoint eventures and MIT Angels. Read more
Read MoreViking Global Investors and Advent International Subsidiary Sunley House Capital Invest USD150m in Brazilian Payment Processing Platform Conductor
Viking Global Investors led a USD150m round for Conductor, a Brazilian payment processing platform and banking as a service company, with additional participation from Sunley House Capital Management, an affiliate
Read MoreKaszeK, Península, and Jorge Lemann Invest USD3m in Brazilian Healthtech Cuidas
Kaszek Ventures led a BRL17m (approximately USD3m) round for Brazilian healthtech Cuidas, with participation from Península, the family office of Abílio Diniz, and Jorge Paulo Lemann. Read more
Read MoreXP Private Equity Acquires Brazil’s HOPE Eye Hospital
The private equity fund created by XP to consolidate the ophthalmology market in Brazil announced the acquisition of Hospital de Olhos de Pernambuco (HOPE). The acquisition was carried out by
Read MoreBrazil’s Locaweb Acquires Confrapar- and Criatec-Backed Vindi for USD31m
Confrapar and Bozano-managed Criatec II exited Brazilian SaaS company Vindi via a sale to Locaweb for BRL180m (approximately USD31m). Read more
Read MoreAstella Investimentos Invests USD1.4m Seed Round for Brazilian Govtech Gove
Astella Investimentos has invested a BRL8m (approximately USD1.4m) seed round for Gove, a Brazilian intelligence platform for managing municipal finance. Read more
Read MoreIDB Invest Leads USD15m Pre-Series C Round for Mexican E-Commerce Startup GAIA
IDB Invest led a USD15m pre-Series C for Mexico-based furniture e-commerce startup GAIA. IDB Invest committed USD10m, with follow-on from existing investors. Read more
Read MoreAqua Capital Exits Fertiláqua for USD120m via Sale to Israel-Based ICL
Aqua Capital exited Fertiláqua, a Brazilian plant nutrition firm, via a sale to ICL, an Israel-based specialty minerals and chemicals company for USD120m. Read more
Read MoreInovabra Ventures and Parallax Ventures Invest ~USD6.6m in Brazilian Fintech Asaas
Inovabra Ventures, the venture capital arm of Banco Bradesco, invested BRL37m (~USD6.6m) in Brazilian fintech Asaas, a financial management startup for individual entrepreneurs. Existing investor Parallax Ventures also participated in
Read MoreMAYA Capital Reaches USD15m Second Close for Latin America Fund
MAYA Capital reached a USD15m second close for early stage startups in Latin America from family offices from the United States, Europe, and Latin America. Read more
Read MoreValor and monashees Lead ~USD15m Series A for Brazilian Healthtech Sami
Valor Capital Group and monashees led a BRL86m (approximately USD15.3m) Series A for Brazil-based healthtech Sami, with participation from Redpoint eventures and Canary. Read more
Read MoreWind Ventures, monashees, and KaszeK Invest USD12m Series A for Colombian E-Commerce Platform Chiper
Wind Ventures, monashees, and KaszeK Ventures have invested a USD12m Series A for Colombia-based e-commerce platform Chiper. Read more
Read MoreAndreessen Horowitz, KaszeK, Global Founders, Monashees Capital, Liquid 2 Ventures, and TriplePoint Invest USD48m Series A for Mexican Hospitality Startup Casai
Andreessen Horowitz led a USD48m Series A for Mexico-based hospitality startup Casai, with participation from Andreessen Horowitz’s Cultural Leadership Fund, Kaszek Ventures, Global Founders Capital, Monashees Capital, Liquid 2 Ventures,
Read MoreKaszeK and Qualcomm Lead USD30m Series C for Argentina’s E-Commerce Platform Nuvemshop
KaszeK Ventures and Qualcomm Ventures led a USD30m Series C for Nuvemshop (also known as Tiendanube), an Argentina-based e-commerce platform for SMEs with offices in São Paulo and Buenos Aires,
Read MoreWarburg Pincus Invests USD100m Series A for Brazilian API Communication Platform Take Blip
Warburg Pincus has invested a USD100m Series A for Brazil-based API communication platform Take Blip. Read more
Read MoreTRG Provides Debt Financing to Colombian Lender Kredit
The Rohatyn Group has agreed to provide senior secured debt financing to Colombia-based consumer credit provider Kredit Plus. Details of the transaction are undisclosed. Read more
Read MoreAlta Growth Reaches USD150m Final Close for AGC Fund III
Alta Growth has reached a USD150m final close for AGC Fund III, a vehicle targeting investments in middle-market companies in Mexico and Latin America. Read more
Read MoreAdvent Enters Strategic Partnership with Brazilian Chocolate Producer Grupo CRM
Advent International has entered a strategic partnership with Brazil-based premium chocolate producer Grupo CRM and has reportedly acquired a majority stake in the company. Read more here and here
Read MoreMGM Sustainable Energy Fund II Provides USD16m in Debt Financing to Colombian Cloud Restaurant Company RobinFood
MGM Sustainable Energy Fund II has provided USD16m in debt financing to Colombia-based cloud restaurant company RobinFood (formerly known as MUY). Read more
Read MoreSoftBank, DST Global, and Greenoaks Lead Undisclosed Investment in Mexican Used Car Marketplace Kavak
SoftBank, DST Global, and Greenoaks Capital led an undisclosed investment round for Kavak, a Mexican marketplace for used cars. The latest investment brings the company’s reported valuation to USD1.15b, making
Read MoreThe Carlyle Group to Acquire Occidental’s Onshore Assets in Colombia for USD825m
The Carlyle Group has agreed to acquire Occidental’s onshore assets in Colombia for USD825m. The transaction is expected to close in Q4 2020. Read more
Read MoreSEAF Caribbean SME Growth Fund Acquires Majority Stake in Guyanese Restaurant Operator Camex Restaurants
SEAF Carribean SME Growth Fund has acquired a majority stake in Guyana-based restaurant operator Camex Restaurants. Read more
Read MoreGIP Provides USD325m in Financing to Mexican Power Producer Saavi Energia
Global Infrastructure Partners has provided a USD325m secured term loan to Mexico-based power producer Saavi Energia through its GIP Spectrum Fund. Read more
Read MoreAdvent Reaches USD2b Final Close for LAPEF VII
Advent International has reached a USD2b final close for Advent Latin American Private Equity Fund VII (LAPEF VII). The vehicle will target investments in Brazil, Colombia, Mexico, and Peru across
Read MoreTiger Global, Lone Pine Capital, Constellation, Endeavor Catalyst, and Softbank Invest USD225m Series D for Brazilian E-Commerce Solutions Provider VTEX
Tiger Global, Lone Pine Capital, Constellation, Endeavor Catalyst, and Softbank have invested a BRL1.25b (approximately USD225m) Series D for Brazil-based e-commerce solutions provider VTEX. The deal brings the company’s reported
Read MoreGlisco Partners Acquires 30.1% Stake in Mexican Distiller Mezcal Amores
Glisco Partners has acquired a 30.1% stake in Mexico-based distiller Mezcal Amores for an undisclosed amount through Glisco Partners IV. Read more
Read MoreHidrovias do Brasil Raises USD608m in IPO, Pátria, BNDES, Temasek, and AIMCo Exit
Brazil-based logistics company Hidrovias do Brasil has raised BRL3.4b (approximately USD608m) in its IPO, facilitating an exit for shareholders including Pátria Investimentos, BNDES, Temasek, and AIMCo. Read more
Read Moremonashees, Caravela Capital, Pear Ventures, NBV, and MELI Invest USD3.5m in Brazilian Proptech EmCasa
monashees, Caravela Capital, Pear Ventures, NBV, and MELI have invested BRL20m (approximately USD3.5m) in Brazil-based proptech EmCasa. Read more
Read MoreCarlyle Partially Exits Liderman Via Secondary Offering on Peruvian Stock Exchange
The Carlyle Group partially exited Peru-based security company Liderman via a secondary offering on the Peruvian stock exchange, picked up by Liderman management. Read more
Read MoreGEF Capital Acquires 60% Stake in Brazilian Fertilizer Manufacturer Café Brasil for USD11m
GEF Capital Partners has acquired a 60% stake in Brazil-based specialty fertilizer manufacturer and distributor Café Brasil for BRL90m (approximately USD11m). Read more
Read MoreValor Capital Leads USD4.6m Series A for Brazilian Fintech Quasar Flash
Valor Capital Group led a BRL25m (approximately USD4.6m) Series A for Brazilian SME-focused fintech Quasar Flash. Read more
Read MoreMovile Leads ~USD11m Investment in Brazilian Fintech Zoop
Movile led a BRL60m (approximately USD11m) investment for Brazil-based B2B fintech Zoop. This is Movile’s third investment in the company since 2018. Read more
Read MoreKaszeK Ventures Leads USD18.5m Series A for Brazilian Brokerage Ideal
KaszeK Ventures led a BRL100m (approximately USD18.5m) Series A for Brazil-based brokerage Ideal. The round is pending approval by the Brazilian Central Bank. Read more
Read MoreGeneral Atlantic and SoftBank Latin America Fund Lead USD108m Series B for Brazilian SaaS Company Acesso Digital
General Atlantic and SoftBank Latin America Fund led a USD108m Series B for Brazil-based ID protection solutions provider Acesso Digital. Read more
Read MoreItaú and Bradesco Lead USD15m Investment for Brazilian Fintech Quanto
Itaú Unibanco and Bradesco led a USD15m investment for Brazil-based fintech Quanto, with participation from KaszeK Ventures and Coatue Management. Read more
Read MoreGeneral Atlantic Leads USD200m Investment for Uruguayan Cross-Border Payment Processor dLocal
Existing investor General Atlantic led a USD200m investment for Uruguay-based cross-border payment processor dLocal, with participation from Addition. The deal brings dLocal’s valuation to USD1.2b, making it the first unicorn
Read MoreGoldman Sachs Leads USD22.5m Investment for Brazilian Fintech iugu
Goldman Sachs Merchant Banking, the private capital arm of Goldman Sachs, led a BRL120m (approximately USD22.5m) investment for Brazil-based fintech iugu. Read more
Read MoreAdvent Exits Brazilian Investment Platform Easynvest to Nubank & Becomes an Investor in Nubank
Advent International has agreed to sell its stake in Brazil-based digital investment platform Easynvest to Brazilian fintech Nubank. As part of the agreement, Advent and other shareholders of Easynvest have
Read MoreVinci Partners Invests USD75m in Brazilian Digital Bank Agibank
Vinci Partners has acquired a minority stake in Brazil-based digital bank Agibank for BRL400m (approximately USD75m). Read more
Read MoreL Catterton and Future Positive Lead USD85m Series C for Chilean Foodtech NotCo
L Catterton and Future Positive led a USD85m Series C for Chile-based foodtech NotCo. Read more
Read MoreGeneral Atlantic Leads USD300m Series C for Brazilian Fintech Neon
General Atlantic led a USD300m Series C in Brazil-based fintech Neon Pagamentos, with participation from BlackRock, Vulcan Capital, PayPal Ventures, Endeavor Catalyst, and BBVA, and follow-on from monashees and Flourish
Read MoreBTG Pactual, Turin MFO, and ENFINI Investments Lead USD21m Investment in Brazilian Foodtech Fazenda Futuro
BTG Pactual, Turin MFO, and ENFINI Investments led a BRL115m (approximately USD21m) investment in Brazil-based foodtech Fazenda Futuro, with participation from existing investors monashees and Go4it Capital. Read more
Read MoreAccial Capital Makes USD10m Debt Investment in Colombian Fintech Aflore
Accial Capital has agreed to invest up to USD10m in debt in Colombia-based fintech Aflore, a startup that aims to expand financial services to the unbanked population in Colombia. Read
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