| | | | Research Update Mid-Year 2022 Industry Data & Analysis and 2022 Startup Directory Capital deployed in Latin America in 1H 2022 reached USD15.9b across 636 transactions, exceeding full-year investment totals from prior to the pandemic. 2022 is on track to be the second largest year for private capital investment in Latin America, buoyed by increased dealmaking in digital infrastructure, renewable energy, distressed assets and early-stage startups.
Private capital investors are financing the region’s bet to close the digital divide and increase competitiveness in the digital age.
Over the past two and a half years, private capital funds have put over USD6.2b to work into building a series of national platforms of neutral fiber optic networks, telecommunication towers and data centers.
Private capital investors have deployed over USD3.2b since 2020 to expand the region’s renewable power capacity beyond traditional hydroelectric assets.
Fund managers invested USD1.3b in renewable energy in the first half of 2022, up from USD616m in full-year 2021. Investment has been concentrated on developing new solar PV projects and wind farms.
Despite a slower pace of late-stage transactions, VC is having its second strongest year on record, with USD5.4b deployed across 541 deals in 1H 2022.
LAVCA Members can log in to download the Mid-Year 2022 Industry Data and Analysis and the 2022 Startup Directory. Non-members can purchase access to the data.
New Speakers Announced for LAVCA Week 2022 October 11-14, 2022 | Conrad New York Downtown
LAVCA, the Association for Private Capital Investment in Latin America, is excited to announce new speakers for LAVCA Week 2022 as it convenes its unparalleled network of private capital investors in person from across Latin America, the US, Canada, Asia and other global markets during from October 11-14 in New York City. | Climate Deals and the Energy Transition |
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| Michael Harrington
Partner, Head of Strategy, Head of Americas, Energy Infrastructure, Actis | Jake Levine
Chief Climate Officer, U.S. International Development Finance Corporation (DFC) | José Guilherme Souza
Head of Infrastructure,
Vinci Partners |
| Additional Featured Speakers |
Federico Gómez Schumacher of PayPal, Renato Pereira of Mercado Libre
and Anita Ramaswamy of TechCrunch on Re-Inventing Crypto in a Crisis
Startup founders and CEOs Andrea Campos of Yana and Arturo Sánchez Correa of Sofía Salud with Priscila Rodrigues of Crescera Capital on Innovation in Healthcare and Healthtech LAVCA, the Association for Private Capital Investment in Latin America, is excited to convene its unparalleled network of private capital investors in person from across Latin America, the US, Canada, Asia and other global markets during LAVCA Week 2022 from October 11-14 in New York City. Alternative Fund Structures: From Conception to Execution September 7, 2022 | 8:30 -10 am ET The LAVCA Member Executive Education series is designed for LAVCA's membership in partnership with DEG and FMO, and is availableto LAVCA Members and guests of DEG and FMO at no cost.
The interactive session September 7 will: Discuss what is driving appetite for new fund structures, including continuation funds and evergreen funds in global markets Determine what structure is viable in different deal contexts Explore financial sustainability mechanisms in the context of new fund structures | | | Mehdi Gharbi
Senior Partner
AfricInvest | George Janssen
Senior Investment Officer
FMO | Mani Saluja
Partner, Global Head of Funds & Co-Investments
Quilvest |
Non-members may contact education@LAVCA.org to express interest. For additional information, please visit here. | | | Prosus Ventures acquired a 33.3% stake in Brazil-based last-mile delivery platform iFood from Just Eat for ~USD1.5b in cash and an additional USD300m earnout. Prosus first invested in iFood through Movile in 2013. Read more #VC
BTG Pactual agreed to invest in Brazil-based agtech Aliare and edtech Gran Cursos Online through its impacting investing fund. The investment commitments together represent 43% of the corpus of the fund, which reached a BRL542m (~USD109m) final close in July 2021.
Read more #PE
StepStone Group invested USD80m in Valor Capital Group’s Valor Venture Fund II through a partial fund restructuring. The fund’s portfolio is reportedly valued at USD470m.
Read more #VC
IFC agreed to invest up to BRL250m (~USD50m) in Trademaster, a Brazil-based credit platform for small retailers. Banco VC invested ~USD20m in 2021. Read more #VC
Citi Ventures invested in Belvo, a Mexican fintech providing a financial services API for mobile applications, for an undisclosed amount. Belvo raised a USD43m Series A in June 2021 and a USD10m seed round in 2020. Read more #VC
XP Investments through its Infra IV fund agreed to acquire airports located in Brazil’s Campo de Marte and Jacarepaguá for BRL141m (~USD27m). Read more #Real Assets
Levita Magnetics, a Chile-based magnetical robotic surgery platform, raised a USD26m Series C from a healthtech investment group managed by investor Evan Norton, withparticipation from MedTex Ventures, and follow-on from Invermaster and Carao Ventures. Invermaster led a USD1m round in July 2019. Read more #VC
Algorand led a USD22m Series A for Koibanx, an Argentina-based blockchain-based fintech offering cash management and investment services for SMEs, with participation from Kalonia Venture Partners, Innogen Capital, Borderless Capital and G2 Momentum Capital, and angels Diego Gutierrez Zaldivar (IOV Labs) and Silvio Micali (Algorand). G2 Momentum Capital invested in November 2020; Innogen Capital invested in October 2020. Read more #VC
Pomelo, an Argentina-based payments infrastructure platform for fintechs launching prepaid cards and credit cards, raised a USD15m Series A extension with participation from Section 32 and follow-on from monashees, SciFi and Index Ventures. Tiger Global led a USD35m Series A in November 2021. Read more #VC
Alloy Capital provided a MXN290m (~USD14m) structured loan for Auronix, a Mexico-based CRM platform operating through instant messaging channels. Read more #Private Credit
Upload Ventures led a USD12m Series A for Plerk, a Mexico-based employee benefits platform, with participation from Magma Partners and MGV Capital. Plerk raised a USD1m pre-seed round in July 2021. Read more #VC
KickStart Fund and monashees led a USD8.65m round for Moises, a Brazil-based music production platform, with participation from Goodwater, Valutia, Norwest, Toba Capital and Alumni Ventures. Moises raised a USD1.6m round from Index Ventures, Kickstart Fund, Valutia and Verve Capital in 2021. Read more #VC
Atlantico, MAYA Capital and Andreessen Horowitz led a USD7.5m seed round for Fudo, a Brazil-based POS and restaurant management platform, with participation from Collaborative Fund, Goodwater and Latitud. Read more #VC
CRV and monashees led a USD6.7m pre-seed round for Latú, a Brazil-based provider of business insurance focused on cyberattacks, lawsuits and property damage, with participation from ONEVC, Latitud and SVAngels. Latu was founded by Colombian Paola Neira.
Read more #VC
Angel Ventures led a USD6m bridge round for Capitalizarme, a Chile-based real estate investment platform with participation from undisclosed Chilean FOs. Aurus Capital led a USD1.4m round in August 2018. Read more #VC | | | Upcoming Events & Trainings | LAVCA Research + Directories | | | | |
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