| > Tiger Global led a USD135m Series A for Swap, a Brazilian cloud infrastructure and fintech services provider, with participation from Endeavor and angels Justin Mateen (Tinder) and Rahul Mehta (DST Global), and follow-on from Flourish Ventures, ONEVC and GFC.
Swap launched a corporate benefits white label platform earlier this year, and raised an undisclosed round from GFC, ONEVC and Flourish Ventures in 2020. READ LAVCA’s interview with Co-Founders Douglas Storf and Ury Rappaport.
> CVC SoftBank Latin America, Amazon and Accel led a USD108m Series B for Pismo, a Brazilian card issue and digital banking platform for SMEs, with participation from Falabella Ventures, PruVen, B3, and follow-on from Redpoint eventures and Headline. > SoftBank invested USD50m in a USD75m Series C for Pipefy, a US- and Brazil-based low-code BPO platform, with participation from Steadfast Capital, and follow-on from Redpoint eventures and Insight Partners.
Insight Partners led a USD45m Series B in July 2019; Pipefy raised a USD16m Series A in 2018. > QED Investors and KASZEK led a USD40m Series C for Hash, a Brazilian payment services provider for non-financial companies offering banking services, with participation from Endeavor Scale-Up Ventures.
QED Investors led a USD15m Series A in April; KASZEK and Canary invested ~USD2.6m in 2019. > Sequoia led a USD39m Series B for Fintual, a Chilean robo-advisor and asset management platform. KASZEK invested USD15m in July; ALLVP, YC and Oskar Hjertsonsson (Cornershop) invested previously. This is Sequoia’s first known investment in a Chilean startup according to LAVCA Data. Co-founder Agustin Feuerhake shares how the team was introduced to Sequoia through Paul Graham of YC. > SoftBank acquired an additional 4.5m shares in Banco Inter, a publicly-traded Brazilian digital bank.
SoftBank first acquired ~USD200m in shares in July 2019. > INSURTECH Justos, a pre-launch Brazilian car insurance platform, raised a ~USD35.8m Series A led by Ribbit Capital, with participation from SoftBank and GGV, and follow-on from KASZEK, BigBets and angels David Velez (Nubank) and Carlos Garcia (Kavak).
> Tiger Global led a USD35m Series A for Pomelo, an Argentine payments infrastructure platform for fintechs launching prepaid cards and credit cards, with participation from monashees, Insight Partners, Index Ventures, SciFi, QED Investors, BoxGroup, Greyhound, Gilgamesh Ventures and Clocktower.
Sequoia invested USD1m in a seed extension in July; monashees and Index Ventures led the USD9m seed round in May.
> Unbox Capital led a USD30m Series B for Rock Content, a Brazilian content marketing platform, with participation from BTG Pactual and Crescera Capital. Igah Ventures (formerly e.Bricks Ventures) led a USD6m round in 2015.
> HEALTHTECH Memed, a Brazilian provider of digital drug prescriptions, raised a ~USD20m round extension led by DNA Capital, Temasek and Fit Participações. DNA Capital led a ~USD60m round in July through a dedicated vehicle for the transaction with capital from undisclosed family offices and sovereign wealth funds.
EXIT Qualcomm Ventures, Redpoint eventures and monashees exited Memed through a secondary sale to DNA Capital in May. > LOGISTICS Skydropx, a Mexican shipping and delivery management platform for e-commerce brands, raised a USD20m Series A from Cometa, Base10 Partners, and NY-based VC 645 Ventures.
> VENEZUELA US growth equity fund Anthos Capital led a USD18m Series A for Yummy, a San Francisco-based ridesharing and food delivery app with operations in Venezuela, with participation from JAM Fund, the VC fund of Tinder founder Justin Mateen.
This is the largest known Series A investment for a Venezuelan startup according to LAVCA Data. This follows a USD4m round from YC, Canary, Hustle Fund and Necessary Ventures in July.
> AGTECH SP Ventures and Astella Investimentos led a USD17m Series A for Traive, a Brazilian lending platform for agricultural producers.
Minerva Food invested USD3m in September; Traive raised ~USD2.8m led by SP Ventures, Bread & Butter Ventures and Techstars in November 2020.
> L Catterton led an undisclosed investment for Ben & Frank, a Mexican D2C eyewear brand, with follow-on from Dila Capital.
Dila and Wollef (formerly Jaguar Ventures) invested in February 2018.
> FOODTECH Andreessen Horowitz and Base Partners led a USD15m Series A for Foodology, a Colombian dark kitchen operator, with follow-on from Kayyak Ventures and Wollef (formerly Jaguar Ventures).
Angels in the round included Nilam Genenthiran (Instagram), Carlos Garcia (Kavak), Pierpaolo Barbieri (Ualá), Sujay Tyle (Merama) and Dick Boyce (Burger King). Wollef invested in August 2020. READ LAVCA’s interview with co-founder Daniela Izquierdo.
> Flourish Ventures and GFC led a USD10m Series A for Merce do Bairro, a Brazilian same-day delivery wholesale marketplace for SMEs, with follow-on from DOMO Invest, Alexia Ventures, Prana Capital, MAYA Capital, SV Latam, Quartz and Picus Capital.
Merce do Bairro was founded by iFood co-founder Guilherme Bonifacio and Zé Delivery co-founder Diego Libanio.
> KASZEK led a USD8m round for Gringo, a Brazilian car documentation management platform, with participation from GFC and ONEVC.
> DEBT ProCredito, a Mexican lending platform for SMEs, secured a USD6m private credit facility from Blue Earth Capital (formerly PG Impact Investments), a Swiss impact investment fund.
> Inventa, a Brazilian marketplace connecting regional wholesalers with local retailers, raised a ~USD6m seed round from NXTP, PearVC, ONEVC and MAYA Capital.
Inventa was co-founded by Rappi’s Global Director for Grocery Delivery Marcos Salama: “I was global director of Rappi´s grocery vertical from 2017 to 2020. I had the chance to work with thousands of retailers across Latin America. All our retailers had two things in common - they had trouble defining the appropriate inventory assortment, and reducing their working capital spend. The main reason retailers go bankrupt is that they either can’t sell the products they have on their shelves or they misinvest their funds in CapEx and equipment they don’t really need. If I could solve the assortment problem by implementing data-driven recommendations, I could offer them financing at a much lower risk.†Inventa is onboarding 1k retailers a week, according to Salama.
> PROPTECH Astella Investimentos led a ~USD5m round for Homelend, a Brazilian real estate financing platform with participation from Brazilian investment firm Jera Capital.
> CVC Awto, a Chilean car rental subscription platform, raised USD6m from Kaufmann Ventures, Zurich AGF, Empresas Indumotora and Chile Ventures.
> 500 Global’s Mexico-based fund Somos Lucha invested USD60k in each of the ten startups selected to participate in Batch 14 of its LatAm growth program.
Participants include Bendo, Bitacora.io, MisFans and Wisepath (Mexico), Bonum Coaching (Miami), Picker (Ecuador), Sioma (Colombia), and Mujer Financiera, Wombo Academy and Worknmates (Argentina). 500 just held a USD17m final close for 500 Luchadores III run by Santiago Zavala.
> SECURITY MAYA Capital led a ~USD3.6m seed round for Tenchi Security, a Brazilian cloud computing security platform, with participation from GFC, Kinea and ONEVC. Tenchi’s clients include XP Investimentos, BTG Pactual, B3 and Telefónica.
> IOT Indicator Capital and TM3 Capital invested ~USD3m in InfoPrice, a Brazilian developer of hardware-based solutions for foot traffic monitoring and dynamic price setting for small retailers.
> HRTECH Angel Ventures invested USD2.4m in Vinco, a Mexican employee benefits platform focused on employee upskilling, with participation from Alter Global and Reach Capital.
> Wareclouds, a Chilean storage management platform for SMEs, raised USD1.2m from CLIN Fund, Plug and Play Ventures and others.
> Moneypool, a Mexican peer-to-peer payments platform, raised USD1.2m from Goodwater Capital, Angel Hub and Ferted.
> Bossa Nova Investimentos, Anjos do Brasil and others invested ~USD460k in HubLocal, a Brazilian SEO consultancy for SMEs. Anjos do Brasil invested ~USD120k in September 2020. > Magma Partners led an undisclosed seed round for CÃrculo de Belleza, a Mexican product supplier for beauty salons, with participation from 500 Global. Circulo de Belleza participated in 500’s Batch 12 in 2020. > Parceiro Ventures invested in netLex, a Brazilian company document and workflow management platform. netLex’s clients include Ambev, Ipiranga, RaÃzen and ArcelorMittal. |
