Deals ▸ JP Morgan increased its stake in Brazilian digital bank C6 from 40% to 46%. Terms have not been publicly disclosed. C6 raised ~USD260m at a reported ~USD2.3b valuation from 40 undisclosed investors in December 2020. ▸ Brazilian fintech Creditas is set to raise a USD70m+ Series F second extension from existing investors. Andorra-based private bank Andbank led the USD50m Series F first extension in July 2022 at the same USD4.8b valuation as the USD260m Series F led by Fidelity Management in January 2022. ▸ Praso, a Brazil-based distribution platform for small retailers, raised a USD9.3m Series A led by Valor Capital Group and NFX and acquired the intellectual property of Floki, a Brazil-based restaurant management operation platform. ▸ HRTECH | Venturance and Altis led a USD8m round for Talana, a Chilean employee recruiting, compensation and training platform. ▸ AGTECH | Otter Capital led a USD7m Series A+ for Botanical Solutions, a Chilean biotech startup developing solutions for crop nurturing and maintenance, with participation from Chilean FOs Casanueva and Saval. ▸ AGTECH | DXA Invest leda ~USD5.5m round for A de Agro, a Brazilian data analytics platform for agribusiness, with participation from Suno. BTG Pactual, SP Ventures and SVG Partners invested in July 2021. ▸ Grupo Valora led a USD5.5m round for Longevo, a US-based employee wellness platform. Longevo was founded by Venezuelan Andrés Moreno (Open English). ▸ Prestamype, a Peruvian working capital financing platform for SMEs, raised a USD5m pre-series A round from ALIVE, Inca Ventures, Oikocredit and AVP, with follow-on from Salkantay Ventures. Salkantay Ventures invested USD800k in May 2022; Prestamype secured USD2m in venture debt from IDB Lab in September 2022. ▸ WOMEN-LED | EcoEnterprises led a ~USD4m round for Nuu, a Brazilian cassava-based foods startup. Nuu was founded by Rafaela Gontijo Lenz. ▸ Ulu Ventures and Blue Pointe Ventures led a USD3.7m seed round for Leadsales, a Mexican CRM for WhatsApp. Ulu Ventures also led a USD400k pre-seed round in November 2022. ▸ Lightspeed led a ~USD3m seed round for Cumbuca, a Brazilian expense-sharing platform. ▸ SECURITY | US-based VC SYN Ventures led a USD3m Series A for Metabase Q, a San Francisco-based cybersecurity workflow management platform for corporates in the Americas, with participation from GBM and angel John Watters (Mandiant). GBM Ventures invested in January. ▸ WOMEN-LED | YC led a ~USD2.5m seed round for Vendah, a Brazilian women-focused social commerce platform, with participation from DOMO Invest and Goodwater Capital. MAYA Capital led a ~USD1.6m round in March 2022 Vendah was co-founded by Ilana Nasser. ▸ HEALTHTECH | Owl Ventures invested USD2.5m in Coala Saúde, a Brazilian school-based telehealth company. ▸ Marathon Ventures led a USD1.5m round for Maqui, a Colombia- and Mexico-based outsourced fashion production management platform, with participation from Nido Ventures, Integra Group, Kupier and Noa Capital. ▸ BOLIVA | FACIA, a Bolivian community safety platform, raised a USD1m round from Acelera Ventures and other undisclosed investors. ▸ Devolut, a Mexico-based B2B E-commerce returns logistics platform, raised a USD600k pre-seed round from Seedstars, FJ Labs, Far Out Ventures, Pareto Holdings and Forum Ventures. ▸ AGTECH | Belgo Arames invested ~USD300k in Instabov, a Brazilian bovine monitoring system. ▸ Lighthouse invested ~USD300k in Bebook, a Brazil-based hotel revenue management platform. ▸ SECURITY | GBM Ventures, the CVC arm of Mexican trading platform Grupo Bursátil Mexicano (GBM), invested in Metabase Q, a Mexican cybersecurity protection platform for corporates in December 2022 SoftBank agreed to invest up to USD150m in GBM in June 2021. ▸ Lucens Capital invested in Janis, an Argentina-based cloud-based omnichannel supply chain & order fulfillment SaaS provider. ▸ HEALTHECH | The Bill & Melinda Gates Foundation invested USD85k in Munai, a Brazilian antibiotic usage protocol monitoring platform for hospitals.
▸ Cedro Capital invested in OOH My Media, a Brazilian advertising marketplace for physical marketers and exhibitors.
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