| ▸ Riverwood Capital led a USD35m round for Geopagos, an Argentine payments infrastructure platform, with participation from Endeavor Catalyst. Geopagos’ clients include Itau, BBVA, Santander, Banco Estado from Chile. This is Geopagos’ first institutional round of funding nine years after launch. ▸ PROPTECH | UK-based investor Fasanara Capital led a USD26.5m equity and debt round for Arrenda, a Mexican lending platform providing rent advances for residential landlords, with participation from Lightspeed Venture Partners Scout Fund, Kube Ventures, ODX, Toehold Ventures, Wharton Fintech and PRMM Inmobiliaria.
▸ SECURITY | Combate a Fraúde (CAF), a Brazilian digital identity platform, raised a ~USD18m Series A from Ethoca founders Darryl Green, Andre Edelbrock and Trevor Clarke, Kevin Efrusy (Accel), James Peck (NielsenIQ) and Andrew Prozes (LexisNexis).
Fraud prevention startup Ethoca was acquired by Mastercard in 2019. Co-founder Darryl Green was appointed as CAF’s new CEO as part of the round. ▸ Tiger Global led a USD15m Series A for treble.ai, a Colombian CRM for SMEs that runs on WhatsApp, with participation from Twilio Ventures, FundersClub and Gokul Rajaram (DoorDash). Magma Partners invested in 2020; MAYA Capital and YC invested previously. ▸ monashees and Andreessen Horowitz led a USD10m seed round for NG.Cash, a Brazilian digital money management platform for Gen Z, with participation from 17Sigma and Norte Ventures.
▸ Banco Votorantim led a USD8m seed round for Darwin Seguros, a Brazilian car insurance platform, with participation from HIX Capital and angel Guti Vidigal (Singulare), and follow-on from Invisto.
Duxx Investimentos and Invisto invested ~USD2.2 in July 2021. ▸ ENERGY | Canary led a USD6m pre-seed round for Bia, a Colombian real-time energy consumption analytics platform for SMEs, with participation from Nazca, GFC, Marathon Ventures, MatterScale Ventures and Opera Ventures.
▸ ping, a US-based voice platform enabling fleet drivers to hear their texts and emails instead of reading them while driving, raised a USD5m round from the BeKind Fund and others.
The BeKind Fund is Globant Ventures’ USD10m fund investing in early-stage startups working to mitigate the negative effects of tech, including issues around data privacy, AI bias, online abuse and polarization. ▸ FinanZero, a Brazilian consumer marketplace, raised a USD4.1m round with participation from Webrock Ventures, Dunross & Co and Atlant Fonder, and follow-on from Vostok Emerging Finance. Vostok Emerging Finance led a USD7m round in April 2021; Finanzero raised a ~USD8.4m round in 2019 and a ~USD2.4m round in 2018. ▸HEALTHTECH | Biothermal Logistics Solutions, a Brazilian manufacturer of reusable packaging for vaccines, raised ~USD4m from Elie Horn, founder of real estate developer Cyrela Group.
▸ WEB3 | FITCHIN, a NY- and Argentina-based NFT marketplace for esports, raised a USD3.5m round from undisclosed investors. FITCHIN was founded by Argentine Santiago Portela.
▸ Clique Retire, a Brazilian smart locker management startup, raised a ~USD3.4m round led by Itaú Asset and Brazilian logistics investor GLP Investimentos.
▸ BLOCKCHAIN | The Yield Lab and Yugen Partners led a USD3.1m round for ucrop.it, an Argentine blockchain-based crop management platform.
ucrop.it raised USD1.1m from The Yield Lab and Closed Loop Partners in 2021. ▸ LAST MILE | Treggo, an Argentine last-mile delivery provider management platform for SMEs with operations in Mexico and Chile, raised USD2.8m from Newtown Partners, Verve Capital, Latin Leap, Bluewatch Ventures and Kube VC. Treggo raised USD600k and USD500k from family offices in 2020 and 2021, respectively. ▸ iV Ventures, the impact fund of Instituto Votorantim, led a ~USD1.8m seed round for DEEP, a Brazilian ESG monitoring platform for corporates, with participation from FRAM Capital and NINT.
▸ EL SALVADOR | GFC led a USD1.6m pre-seed round for Cubo, an El Salvador-based POS payment platform, with participation from Amador Holdings, Latitud, Rally Cap, X-VP and angels Daniel Vogel (Bitso), Federico Renero (Kavak) and Florence Frech (Leal).
This is GFC’s first known investment in a startup in Central America. ▸ HRTECH | Evergreen Mountain Equity Partners and StarFast Ventures led a USD1.5m pre-seed round for Hitch, a Mexican recruiting automation platform for corporates.
▸ WOMEN-LED | Agriconnect Global Ventures (AgroVen), a Brazilian agtech infrastructure provider, led a ~USD 800k round for Muda Meu Mundo, a Brazilian marketplace connecting small producers with food retailers.
Muda Meu Mundo was selected to participate in the 2021 LAC Women Founders Accelerator, the acceleration program for women-led startups in LAC organized by WeXchange/IDB Lab and Google. ▸ Captall Ventures, the CVC fund of media company Mene & Portella, invested ~USD400k in Showkase, a Brazilian social commerce platform. Showkase was selected to participate in Meta’s Commerce Accelerator in 2020. ▸ ContaÁgil, a Brazilian accounting platform for SMEs, raised a USD360k round with participation from Ventiur and BossaNova Investimentos, and follow-on from DOMO Invest, Urca Angels and Poli Angels. DOMO Invest, Poli Angels and Urca Angels invested in January 2021. ▸ BossaNova Investimentos and Equity Rio led a ~USD80k round for Wepipe, a Brazilian workflow and operations management platform.
▸ DOMO Invest and RX Ventures, the CVC fund of Lojas Renner, led an undisclosed seed round for Logstore, a Brazilian supply management platform for retailers.
▸ Livela, a Brazilian video commerce platform, raised an undisclosed seed round from Acrew Capital and angel Sikhinder Singh Cassidy (Google).
▸ iFood invested in Anota Ai, a Brazilian chatbot-based automation platform for restaurants.
▸ Clothing retailer H&M invested in Vestua, a Chilean clothing resale marketplace.
▸ HRTECH | Brazilian multi-asset investor CV led an undisclosed seed round for Intera Talent Hacking, a Brazilian recruiting platform.
▸ CRYPTO | G2 Fintech Fund invested in BELO, an Argentine digital crypto wallet.
Belo raised a USD3m seed round in May 2022. |
