| ▸ CVC | International Holding Company (IHC), an Abu Dhabi-based conglomerate with operations in finance, agriculture and healthcare, acquired a 49.9% stake in Colombian challenger bank Lulo Bank for USD200m. Lulo Bank was founded by Jaime Gilinski. ▸ Mubadala Capital led a ~USD110m for Central de Recebíveis (CERC), a Brazilian receivables processor and clearing services provider, with follow-on from Valor Capital Group. 2TM, Mercado Bitcoin’s parent company, led a ~USD18m in November 2021; Valor Capital Group and GP Investimentos led a ~USD13.4m round in August 2020. ▸ Lightrock led a ~USD48m round for Cortex, a Brazilian data and analytics platform for marketing and sales, with follow-on from Softbank Latin America and Riverwood Capital. SoftBank led a ~USD22m Series B in June 2020; Riverwood led a ~USD10m Series B+ in October 2020. ▸ DEBT | Volpi, a Brazilian real estate financing platform, secured up to ~USD30m in funding through Certificados de Recebíveis Imobiliários (CRI) from Brazilian infrastructure investor RBR Asset Management.
▸ WOMEN LED | Foodology, a Colombian dark kitchen operator, raised a USD20m round with participation from Chimera and singer Maluma, and follow-on from Andreessen Horowitz, Wollef and Kayyak.
DEBT | Foodology also secured USD30m in debt from TriplePoint Capital. Andreessen Horowitz and Base Partners led a USD15m Series A in November 2021; Wollef invested in August 2020. Foodology launched operations in Peru in February. Foodology was co-founded by Daniela Izquierdo. ▸ DILA Capital led a USD20m round for Elenas, a Colombian social commerce platform with operations in Colombia and Mexico, with participation from Endeavor Catalyst, Mercado Libre, Broadhaven Ventures and Grupo Bolivar, and follow-on from Leo Capital and FJ Labs. Elenas raised USD6m in March 2021 and USD2m in 2020. ▸ NY-based Women’s World Banking Asset Management led a USD12m Series B for Tienda Pago, a Mexican working capital provider for SMEs with operations in Mexico and Peru, with participation from Alumni Fund and OikoCredit, and follow-on from KASZEK, QED Investors, Agrega Partners and Accion Venture Lab. KASZEK led a USD7.5m Series A in April 2018. ▸ CVC | Tembici, a Brazilian micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia, raised a ~USD10.6m round fromItaú, Mastercard and Colombian natural gas company Vanti. Blue Like an Orange invested USD10m in April; Crescera Capital led a USD80m Series C in October 2021 and Valor Capital led a USD47m Series B in June 2020. ▸ CLEANTECH | Nazca led a USD7m in CoreZero, a Mexican carbon credit infrastructure developer and monitoring platform, with participation from FEMSA Ventures and IDB Lab.
▸ Vozy, a Colombian audio-based customer service management platform with operations in Mexico and Colombia, raised USD5m from GoHub Ventures, Starling Ventures and SaxeCap.
LatinLeap invested in January 2022; Vozy raised USD800k from ArkFund, 10X and others in October 2020.
▸ CRYPTO | Upload Ventures and Digital Currency led a USD5m seed round for Arch, a US-based decentralized asset management platform for passive investors with operations in Chile, with participation from Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures and Platanus Ventures.
▸ WOMEN-LED | Lightspeed Venture Partners led a USD5m round for Fidu, an Argentinean operations and payment collection platform for educational institutions, with participation from NFX, Imaginable Futures and Broom Ventures.
Fidu was co-founded by Caterina Carreño. ▸ CRYPTO | Zulu, a Colombian stablecoin exchange with operations in Colombia, Mexico and Peru, raised a USD5m round from Cadenza Ventures, Nexo, CMT Digital, Simplex, Coin DCX, Gaingels, and angels Caterine Castillo (Neivor), Carolina Garcia (Chiper) and Man Hei Lou (Treinta).
▸ NFT | Minteo, a Colombian NFT marketplace, raised a USD4.3m seed round from Fabric Ventures, Dune Ventures, CMT Digital, Impatient VC, Susquehanna Private Equity Investments, SevenX Ventures, FJ Labs, OpenSea, Big Brain Holdings, G20 Ventures, Alliance DAO and Zero Knowledge.
▸ SRM Ventures, the CVC arm of Brazilian asset manager SRM, invested ~USD4m in venture debt in Openbox, a Brazilian financing platform for SMEs working on sustainability initiatives and ~USD4m in Tutu Digital, a Brazilian lending platform connecting SMEs with retail creditors.
▸ GAMES | Upload Ventures led a USD3m seed round for Tipspace, a Brazilian game monetization platform.
▸ DOMO Invest and Redpoint eventures invested ~USD1.4m in Nobli, a Brazilian personal credit platform.
Redpoint first invested in December 2019. ▸ CVC | Bertha Capital, the CVC arm of Multilaser, invested ~USD800k in Map Intelligence, a Brazilian industrial manufacturing monitoring platform.
▸ CLEANTECH | Cedro Capital invested ~USD800k in SolarView, a Brazilian solar energy usage monitoring platform.
▸ Invexor Venture Partners led a USD800k round for Yourney, a Chilean executive coaching platform, with participation from Chile Global Angels, and angels Santiago Lira (BUK) and Nicolás Fuenzalida (Poliglota).
▸ Kandeo Asset Management and CrossRegional Partners invested in Liquitech, a Colombia-based factoring platform for SMEs.
▸ Globo Ventures made an undisclosed investment in PetLove, a Brazilian products and services platform for pets.
Petlove raised a USD150m round led by Riverwood Capital in September 2021. ▸ AGTECH | Brazil Venture Capital invested in Creditares, a Brazilian financing platform for agribusiness.
▸ G2 Fintech Fund invested in Pagaloop, a Mexican short term lending platform for SMEs.
▸ Genius Returns, a Brazilian e-commerce returns management platform, raised an undisclosed round from BossaNova Investimentos, GV Angels and K&K Partners.
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