Deals
▸ PROPTECH | La Haus, a Colombian residential property brokerage service, raised a USD62m Series C from KASZEK, NFX, Next Play Capital, Acrew Capital and others.
Acrew Capital led a USD50m round in November 2021; Greenspring Associates led a USD35m Series B in January 2021. ▸ NATURAL RESOURCES | Energy Impact Partners led a USD30m Series B for Ceibo, a Chilean copper extraction startup, with participation from CoTec Holdings, Audley, Orion Resources, Unearth, Pincus Green, and follow-on from Khosla Ventures and Aurus Ventures.
▸ Left Lane Capital and Cloud 9 Capital invested ~USD18m in Onfly, a Brazilian corporate travel and expense management platform for SMEs.
Cedro Capital invested ~USD400k in January 2021. ▸ FOODTECH | Green Coffee Company, a Colombian coffee producer, raised a USD25m Series C from 450 undisclosed HNW investors.
▸ HEALTHTECH | Pátria Investimentos’ Kamaroopin fund led a USD23m Series D for Dr. Consulta, a Brazilian medical network for low-income patients, with participation from Jica, the Japanese government's international cooperation agency, and IDB Invest.
This is one of Jica’s first investments in Latin America. ▸ eB Capital led an undisclosed Series B for Hilab, a Brazilian remote blood testing equipment manufacturer, with participation from Rise Ventures, and follow-on from Brazilian hardware manufacturer Positivo Tecnología.
▸ HEALTHTECH | Redpoint eventures and Mundi Ventures led a USD18m Series B for Sami, a Brazilian healthcare plan management platform for SMEs, with participation from Endeavor Catalyst, Digital Horizon, Tau Ventures and Alumni Ventures, and follow-on from monashees and Valor Capital Group.
UK-based DN Capital led a ~USD22.2m Series A+ in January 2022; Valor Capital Group and monashees led a ~USD17.2m Series A in October 2021 ▸ DEBT | IDB Invest provided a USD15M structured loan to Habi, a Colombian residential real estate platform, to launch operations in Mexico. This is the fourth known debt facility raised by Habi since 2022, including a USD75m credit line from Triple Point Capital, a USD6.3m credit line from Bancoldex and a USD100m credit line from Victory Park Capital. ▸ PayPal Ventures led a USD14m Series A for nocnoc, an Uruguay-based e-commerce platform that connects international brands to local marketplaces, with participation from IGNIA Partners, and follow-on from Quona Capital, Mouro Capital, Caravela and Broadhaven Ventures. Quona Capital and Mouro Capital led a USD7m seed round in April 2022. ▸ INSURTECH | Mundi Ventures and AV8 Ventures led a USD12m Series A funding for Olé Life, a US-based life insurance provider for young adults in Latin America, with participation from Morro VC.
▸ CLEANTECH | Base10 Partners led a USD11m Series A round for Waterplan, a US-based analytics platform for company water usage in the US, Europe and Latin America, with follow-on from Giant Ventures, Transition Global, YCombinator, MCJ Collective and Branson Family.
Waterplan was founded by Argentines Jose Ignacio Galindo and Nicolas Wertheimer. ▸ Fanki, a Colombian finance management platform for sport leagues, raised a USD6m seed round from Broom Ventures, Tenacity Ventures and Maraton Capitals.
▸ Olive Tree Capital led a ~USD3.5m seed round for Compra Rápida, a Brazilian customer data automation service for online purchases, with participation from Liquid 2 and Soma Capital.
▸ Deetken Impact invested USD3m in Avanza Sólido Mx, a Mexican microcredit platform advancing gender inclusion in rural areas.
▸ LOGISTICS | Equus Capital invested ~USD2.5m in SYOS, a Brazilian AI-driven refrigeration monitoring system for food transportation in cold storage.
Indicator Capital invested ~USD2.4m in April 20233; KPTL invested ~USD2m in July 2020 ▸ Chile Ventures,Morro Ventures and Inversiones Consolidadas led a USD2m round for Wift, a Chilean monthly rental car startup.
▸ FOODTECH | Sudamerik invested USD1.5m in Ecoterra, a Chilean sustainable food production startup.
Ecoterra raised USD1.3m through crowdfunding in September 2022. ▸ SECURITY |Daedalus, a Chilean fund founded by Cristóbal Piñera, led a USD1.3m bridge round for Hackmetrix, a Chilean cybersecurity startup, with participation from Matterscale VenturesBridge Latam and angel Dani Undurraga (Cornershop). Cometa led a USD1.5m seed round in November 2021. ▸ Wollef led a USD1m seed round for VIOO, a Mexican visual content marketplace, with participation from Kima Ventures, 500 Global, Colectivo Jaguara and undisclosed angel investors.
▸ INSURTECH | Impacta VC led a USD700k round for Airbag, a Mexican traffic safety startup.
Impacta VC committed USD100k to the round. ▸ CROWDFUNDING | Riivi, a Chilean streaming platform for Latin American content, raised USD700k from crowdfunding platform Broota.
▸ The Government of Espírito Santo invested ~USD600k in five local startups through FUNSES1: Persora, Erathos, Presto, Kuke and Archa.
TM3 Capital will manage FUNSES1; Ace Ventures will lead the accelerator program. ▸ WOMEN-LED | Zumma, a Mexican personal finance advising platform, raised USD500k from undisclosed investors. Zumma was co-founded by Daniela Lascurain, Marinella Piñate and Maria Fernanda de la Colina. ▸ LOGISTICS | Amplifica, a Chilean e-commerce order management software, raised USD300k from crowdfunding platform Broota.
▸ URUGUAY | TinySeed, a US-based accelerator program and angel Martín Alcalá Rubí invested in a USD210k round for Foliume, an Uruguay-based marketing tool for insurance products.
▸ Semente invested ~USD100k in Innoway, a Brazilian open innovation platform for corporates.
▸ Carabela invested in Peakr, a Colombian digital business purchasing platform.
▸ Agrega Partners invested in Exponencial Confirming, a Colombian accounts receivable financing platform.
▸ LAVCA publishes an annual directory of its VC/Tech members, with profiles on 75+ firms active in Latin America.
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