LATAM VENTURE BULLETIN

A must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 8,000 investors, entrepreneurs and corporates bi-weekly.

17 March 2025

The LatAm Venture Bulletin is produced by Carlos Ramos de la Vega, LAVCA’s Director of Venture Capital.

LAVCA DATA

LP Commitments Platform

LAVCA members now have access to a detailed database of over 1,600 LP commitments to funds in Latin America through the LAVCA data portal. LAVCA’s LP data is collected from proprietary surveys, regulatory filings, press releases, public disclosures and secondary sources. All data can be filtered and exported. This resource complements our existing interactive database of transactions, funds and startups in Latin America.

Any questions, just reach out directly to me or to Emanuel Hernandez.

The Biggest Raisers: A Closer Look

As part of LAVCA’s 2025 Trends in Tech report, LAVCA Research mapped the universe of Latin American startups that have raised USD150m+ in cumulative financing, are still active and have yet to list or get acquired.

Among the group, fintechs have raised the most capital since 2023, with notable exceptions in proptech— such as La Haus, Habi, Loft, QuintoAndar — and in e-commerce, including Merama and Jüsto, along with other sectors.

Deals

▸ Valor Capital Group and QED Investors led a USD27m round for Capim, a Brazilian financial management platform for dentists, with participation from Endeavor Catalyst, Credit Saison, Actyus and follow-on from ONEVC, Canary and NXTP.

▸ AGTECH | KASZEK led a ~USD15.5m round for Grão Direto, a Brazilian agricultural commodity marketplace, with participation from Endeavor Scale-Up Ventures, CME Ventures, SLC Ventures and undisclosed investors.

▸ DEBT | Maxxa, a Chilean digital credit platform, secured USD10.6m in debt from Symbiotics and Delphos.

▸ AGTECH | ALIVE Ventures and Desert Bloom Foods led a USD9m Series A for GoodSAM, a US-based producer of regenerative consumer products in Colombia and other emerging economies, with participation from LATAM Impact Fund, Promotora Social Mexico, One Small Planet and Connecticut Innovations.

▸ Sequoia Capital led a USD5.5m round for Enter, a Brazilian AI startup developing a legal defense platform for enterprises, with participation from ONEVC and Atlantico.

▸ KASZEK invested USD5.5m in Niva, a US- and Mexic0-based automated business verification platform.

▸ Costanoa and CV iDEXO, the CVC arm of TOTVS, led a ~USD5m Series A for Malga, a Brazilian e-commerce solutions platform, with participation from IGNIA Partners, Gaingels and follow-on from QED Investors, Norte Ventures and YC.

▸ 4Equity Media Ventures invested ~USD4.8m in Buser, a Brazilian bus ticketing platform.

▸ RediRedi, a Brazil-based digital catalog platform, raised USD3m from undisclosed angels.

▸ Sytrex, a Colombian reinsurance automation startup, raised USD1.1m from Broom Ventures, Kuiper, Aito Capital and AAC Capital.

▸ Yavendió, a Mexican e-commerce solutions platform, raised a USD850k pre-seed round from Magma Partners, iThink VC and Semilla Ventures.

▸ Arar Capital invested ~USD800k in Picsel, a Brazilian agricultural insurance startup.

▸ Espírito Santo’s FUNSES1 led a ~USD590k pre-seed round for Loopia, Brazilian e-commerce solutions platform, with participation from ACE Ventures, BVC and Questum.

▸ HRTECH | Crescera Capital and Triaxis Capital led a ~USD480k round for Gibb, an on-demand payroll startup.

▸ Citi invested in Kanastra, a Brazil-based capital markets infrastructure startup.

▸ Equity Group invested in One Big Media, a Brazilian digital media startup.

▸ Salkantay Ventures led an undisclosed seed round for Equip, a Peruvian construction materials marketplace.

▸ AGTECH | The Yield Lab Latam invested in Agricapital, a Colombian agricultural financing platform.

▸ IMPAQTO Capital invested in CICLO, a Peruvian construction materials recycling startup.

▸ BIOTECH | The Yield Lab Latam invested in Phage Labs, a Chilean biotech developing alternative disease treatments to control cattle sickness.

▸ HEALTHTECH | Imagine Ventures invested in Yana, a Mexican mental health and wellness platform.

▸ SaasSholic and MAYA Capital led an undisclosed seed round for Jusfy, a Brazilian ERP for lawyers and accountants, with participation from Norte Ventures, FJ Labs and The Legal Tech Fund.

▸ Amplifica Capital invested in Bioplaster Research, a Mexico-based nanomaterials research startup.

▸ Vita Wallet, a Chile-based international transfer platform, raised USD750k from ABC Din.

▸ M&A |ComunidadFeliz, a Chilean operations and finance management platform for condominiums, acquired Swappi, a Chilean project management platform.

Global Tech

▸ Sign up for GPCA’s Global Tech Brief, a monthly newsletter that covers tech activity in Asia, Latin America, Africa, CEE and the Middle East.