Latin American Private Capital Update - September 8, 2021Latin American Private Capital Update September 8, 2021 | | | The LAVCA Private Capital Update is a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and family offices in Latin America. |
| 📢 lavca week: 12 days to go | | |
The 2021 LAVCA Week program is a fully immersive experience with timely content, unique keynotes, panels, discussions and interactive networking opportunities.
MAIN STAGE KEYNOTES & PANELS
Main stage sessions include 10+ keynotes, fireside chats, and panel discussions across three days. Open to all participants.
FEATURED BREAKOUTS Themed breakouts facilitated by the most active investors and industry players. Advanced RSVP required.
Registration ends September 17.
Participation is open to LAVCA members, non-member private capital investors and qualified institutional investors.
Access the agenda at a glance. Contact LAVCA's Director of Events Kaela Kennedy with questions. | | |
| DOWNLOAD: 2021 LATIN AMERICAN STARTUP DIRECTORY | | |
DOWNLOAD LAVCA's 2021 Latin American Startup Directory profiling 299 startups that raised USD1m+ in venture funding in 2020 and 1H 2021, during a time of record venture investment in the region.
> LAVCA members can download an accompanying LAVCA Data Pack for a full list of disclosed startup investments over USD1m for 2020 and 1H 2021, with additional details including each startup’s founders and markets of operation, as well as a full list of women-led startups (with names and titles), repeat founders, rounds with CVC participation and more.
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| DOWNLOAD: 2021 LAVCA MID-YEAR INDUSTRY DATA & ANALYSIS | | |
NOW AVAILABLE FOR DOWNLOAD: 2021 LAVCA Mid-Year Industry Data & Analysis. The data release features underlying public data and aggregate statistics
on fundraising, investment and exit activity in Latin America from the first half of 2021.
OVERVIEW OF TRENDS:
> Private capital investment in Latin America reached USD10.3b across 402 deals in 1H 2021. This was more than twice the amount deployed during the same six-month period in 2020.
> The financial services sector received 42% of total capital invested led by Fintech and followed by Consumer Good & Services (21%) and Industrials (20%).
> Geographically, Brazil continued to dominate, receiving USD5.7b, followed by Mexico with USD2.2b and Colombia with USD1.3b.
> VC fund managers deployed USD6.4b in 1H 2021, a half-year and full-year record eclipsing the USD4.8b invested for all of 2019.
> Private equity experiences a stronger 1H compared to 2020 with a total of USD1.6b committed through 1H 2021, an 82% increase over 1H 2020.
> Exits reached USD3.6b as private capital-backed companies continue to take advantage of the momentum in public equity markets to provide liquidity to private capital investors. Exits via public equity markets accounted for USD2.1b of exit distributions recorded in 1H 2021.
DOWNLOAD the Excel LAVCA Data pack. Use your login (new members can register here for access).
This data pack was prepared by LAVCA Research Director Miguel Algarin and Research Analyst Emanuel Hernandez. For more information, contact [email protected] / +1 646 315 8942. | | | | |
| LAVCA, in collaboration with GPCA, is pleased to announce Increasing Participation of Women in Private Capital in Latin America, the third virtual training in the Inside Private Capital series, a groundbreaking education training platform for GP and LP members.
The program will take place on October 14, 11:00am - 2:00pm ET.
LAVCA members are invited to participate in module three at the discounted rate.
The virtual training will explore leadership’s role in attracting and retaining female talent, discuss practical systems and processes that support women in the workplace, and provide context in terms of industry best practices and LP expectations.
Session 1: First-Hand Insights from Industry Veterans
Presentation and discussion - 30 minutes
Session 2: Leadership's Role in Attracting and Retaining Female Talent
Presentation and discussion - 90 minutes
Session 3: Overcoming Unconscious Bias at the Organizational Level
Presentation and discussion - 30 minutes
REGISTER here. For questions, contact [email protected].
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Private Equity News
GIC and Carlyle Partially Exit Brazil’s Rede D'Or for BRL2.6b (em português) (Brazil Journal) GIC and the Carlyle Group sold 37 million shares of Brazil-based hospital network Rede D’Or via a block trade for BRL2.6b (~USD500m). Read more
Gávea Partially Exits Brazil’s Armac via BRL1.5b IPO (em português) (Istoé Dinheiro) Gávea Investimentos’ Speed fund partially exited Armac, a Brazilian equipment rental company for agribusiness, mining and infrastructure, via the company’s BRL1.5b IPO on the B3. The secondary offering raised BRL532m. Read more
BRZ Investimentos-Backed Vittia Fertilizantes Raises BRL436m in IPO (em português) (Brazil Journal) BRZ Investimentos-backed Vittia Fertilizantes, a Brazilian biotechnology and agricultural inputs company, raised BRL436m in its IPO on the B3. BRZ exited via a secondary offering that represented roughly 70% of all shares sold. Read more
Trivest Partners Invests in Argentine Fintech Veritran (Veritran) Trivest Partners, through its Growth Investment Fund II, invested an undisclosed amount in Veritran, an Argentina-based, low-code platform, at a reported USD225m valuation. Read more
Blue like an Orange Invests MXN150m in Mexico’s Alivia (Blue like an Orange Sustainable Capital) Blue like an Orange Sustainable Capital invested MXN150m in mezzanine financing in Alivia Clinica de Alta Especialidad, a Mexico-based clinic for infusion and specialty pharmacy treatments for patients with oncological and chronic degenerative diseases. The financing aims to support the company’s long-term growth and expansion strategy in Mexico. Read more
IDB Invest, Citi and DFC Invest USD30m in Mexico’s CAME
(Press Release) IDB Invest, Citi and DFC invested USD30m in Consejo de Asistencia al Microemprendedor (CAME), a Mexico-based microfinance institution and a subsidiary of PC Capital-backed Te Creemos Holding. Read more ACON to Invest in Mexico’s Actinver (en español) (Press Release) ACON Investments will acquire up to 15% of Mexican manager Actinver through the subscription of convertible bonds for an undisclosed amount. Read more
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Venture Capital News
Riverwood Capital Leads USD150m Round for Brazilian Pet Platform Petlove&Co. (TechCrunch) Riverwood Capital led a USD150m round for Petlove&Co, a Brazilian products and services platform for pets, with participation from monashees, Tarpon, SoftBank, L Catterton and Porto Segur. Read more
CRV Leads USD57m Series B for Expense Management Platform Jeeves (Press Release) Jeeves, a US-based expense management platform for startups with operations in Mexico, Colombia, Brazil and Chile, raised a USD57m Series B led by CRV, with participation from Silicon Valley Bank, Tencent, Alkeon Capital Management and Soros Fund Management. Read more
Lightspeed Leads USD57m Series B for Mexican Trading Platform Flink (TechCrunch) Lightspeed led a USD57m Series B for Flink, a Mexican consumer trading platform, with participation from Mantis Venture Capital and follow-on from ALLVP, Accel and Clocktower. Accel led a USD12m Series A earlier this year. Read more
Raiz Investimentos Leads USD20m Round for Brazilian Insurtech Pier (em português) (Brazil Journal) Raiz Investimentos, the family office of Sem Parar Founder Ivan Toledo, led a USD20m round for Pier, a Brazilian insurtech for smartphones and vehicles, with follow-on from Canary, monashees, BTG Pactual and Mercado Libre. Read more
Anthemis and 500 Lead USD20m Series A for Mexican Proptech Flat.mx (Startupi) UK-based VC Anthemis and 500 led a USD20m Series A for Flat.mx, a Mexican proptech focused on the purchase, renovation and resale of residential real estate, with participation from Expa and follow-on from ALLVP. Read more
General Catalyst Leads USD20m Series A for Argentine Healthtech Osana Salud (TechCrunch) General Catalyst led a USD20m Series A for Osana Salud, an Argentine infrastructure developer for telehealth, pharmacy and diagnostics platforms, with participation from Quiet Capital, Preface Ventures, FJ Labs, AforeVC and K50 Ventures. Read more
Mexican Lending Platform Atrato Secures USD15m Credit Line From Architect Capital (en español) (Forbes Mexico) Atrato, a Mexican lending platform enabling installment payments for retail brands and SMEs, secured a USD15m credit line from Architect Capital. Read more
KASZEK and monashees Lead ~USD9m Seed Round for Brazilian Lending Platform TruePay (em português) (NeoFood) KASZEK and monashees led a ~USD9m seed round for TruePay, a Brazilian vendor financing platform for small and medium retailers, with participation from GFC and ONEVC. Read more
Brazilian Payment Platform ZigPay Raised ~USD8m from Angels (em português) (Baguete) ZigPay , a Brazilian payment platform for bars and restaurants, raised ~USD8m from angels Edgard and Diogo Corona (SmartFit) and Ricardo Goldfarb (Marisa Stores). Read more
ALLVP and Vine Ventures Lead USD6m Round for Mexican Proptech Kocomo (Press Release) ALLVP and Vine Ventures led a USD6m round for Kocomo, a Mexican vacation home co-ownership platform, with participation from Picus Capital, QED Investors, FJ Labs, Clocktower Technology Ventures and JAWS, the family office of Starwood Capital Chairman Barry Sternlicht. Read more
Argentine Crop Analysis Platform ZoomAgri Raises USD3.3m Series A (em português) (LABS News) ZoomAgri, an Argentine quality analysis platform for agricultural commodities, raised a USD3.3m Series A from SP Ventures, Glocal, Artesian and GrainInnovate. Read more
Canary and Atlantico Invest USD3m in Brazilian Ecommerce Payment and Anti-Fraud Platform Tuna (TechCrunch) Tuna, a Brazilian credit card and anti-fraud provider testing platform for e-commerce businesses, raised two seed rounds totalling USD3m from Canary and Atlantico. Read more
ChileGlobal Ventures and Dadneo Lead USD2m Seed Round for Travel Booking Platform Wheel the World (TechCrunch) ChileGlobal Ventures and Dadneo led a USD2m seed round for Wheel the World, a US-based travel booking platform for travelers with disabilities, with participation from Plug N Play Ventures and Susan Wojcicki (YouTube). Read more
Big Bets Leads USD1.7m Seed Round for Brazilian Design Optimization Platform DataMilk (em português) (Brazil Journal) Big Bets led a USD1.7m seed round for DataMilk, a Brazilian design optimization platform for e-commerce sites, with participation from UK VC RTP Global and angels Mariano Gomide de Faria and Geraldo Thomaz (VTEX). Read more
UVC Invests ~USD1.16m In Brazilian Route Optimization Platform RoutEasy (em português) (Baguette) UVC, the CVC arm of Grupo Ultra, invested ~USD1.16m in RoutEasy, a Brazilian route optimization platform for last-mile delivery companies. Read more
Iporanga Ventures Leads ~USD1.3m Seed Round for Brazilian Fintech Klavi (em português) (Crania) Iporanga Ventures led a ~USD1.3m seed round for Klavi, a Brazilian open banking platform, with participation from Parallax Ventures. Read more
DOMO Invests ~USD1m in Brazilian Digital Home Insurance Platform Flix (em português) (Startupi) DOMO invested ~USD1m in Flix, the Brazilian digital home insurance platform. Read more |
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Real Assets News
Macquarie and Grupo Argos to Create USD1.15b Road Infrastructure Fund (Nasdaq) Macquarie Asset Management and Grupo Argos agreed to create a USD1.15b road infrastructure investment fund in Colombia, Peru and Chile. Read more
IG4 and Macquarie to Acquire 14.86% Stake in Brazil’s CCR for up to ~USD960m (Nasdaq) IG4 Capital and Macquarie agreed to acquire a 14.86% stake in Brazil-based toll road company CCR from Andrade Gutierrez Participações for up to BRL5b (~USD960m). Read more
Lineage Logistics, Stonepeak and D1 Capital Invest USD450m in Emergent Cold Latin America
(Emergent Cold Latin America) Lineage Logistics, Stonepeak Partners and D1 Capital Partners invested USD450m in Emergent Cold Latin America, a temperature-controlled warehousing and logistics provider based in Brazil. Read more Vinci Partners Reaches BRL384m Second Close for Brazil Water and Sewage Services Fund (Vinci Partners) Vinci Partners reached a BRL384m second close for Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura (VIAS) fund, which will focus on investing private capital into the privatization of state-owned companies that provide water and sewage services for the Brazilian population. Read more
Fram Capital to Acquire Jorge Lacerda Thermoelectric Complex for up to BRL325m (ENGIE) Fram Capital agreed to acquire Brazil-based Jorge Lacerda Thermoelectric Complex from ENGIE Brasil Energia for up to BRL325m. Read more FiBrasil Acquires Fiberty 1 from Blackstone (Dgtl Infra) FiBrasil Infraestrutura e Fibra Otica (FiBrasil), the Brazil-based infrastructure company co-owned by Telefonica and CDPQ, acquired Brazilian fiber company Fiberty 1 (formerly Phoenix Fiber do Brasil) from Blackstone. Read more |
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| LAVCA Members receive a discount on select events. For information, contact Kaela Kennedy. |
The Association for Private Capital
Investment in Latin America
589 8th Avenue, 18th Floor
New York, NY 10018
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