| > Berkshire Hathaway led a USD750m Series G+ for Nubank, with participation from Sands Capital, Verde Asset, Absoluto Partners, MSA Capital, CPP Investments and Sunley House at a reported USD30b valuation.
Nubank raised a USD400m Series G led by GIC, Whale Rock and Invesco at a reported USD25b valuation in January. The valuation has more than tripled since TCV led a USD400m Series F in 2019 at a USD10b valuation. VIEW LAVCA’s Unicorn Leaderboard for the latest list of LatAm unicorns. > #CREDIT Goldman Sachs Asset Management announced an investment of up to ~USD400m in MeuTudo, a Brazilian consumer credit platform, with follow-on from DOMO Invest.
DOMO invested ~USD600k in 2020. MeuTudo will structure seven new FIDC (Fundo de Investimento em Direitos Creditórios) vehicles with the new investment.
> SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexican digital payment platform for SMEs at a reported USD2b valuation.
General Atlantic and SoftBank invested in 2019 at a reported USD400m valuation. Previous investors include Ribbit Capital, Goldman Sachs, Dalus Capital, Banort and Amex Ventures. VIEW LAVCA’s Unicorn Leaderboard for the latest list of LatAm unicorns. > SoftBank invested up to USD150m in Grupo Bursátil Mexicano (GBM), a 35-year-old Mexican investment brokerage platform for local institutions now offering its services to retail investors, at a reported valuation of ~USD1b. > Lightrock led a ~USD140m Series C for Buser, a Brazilian bus ticketing platform, with participation from Iporanga Ventures, and follow-on from SoftBank, monashees, Valor Capital Group, Globo Ventures and Canary, who invested in 2019. > Prosus Ventures and KASZEK invested USD40m in 99 minutos, a Mexican last-mile delivery company for e-commerce platforms. 99 minutos acquired Chilean last-mile delivery startup MuvSmart in 2020; Engie Factory invested that same year. 99 minutos operates in 40 markets, including Mexico, Chile, Colombia and Peru.
> Andreessen Horowitz led a USD26m Series A for Jeeves, a US-based expense management platform for startups with operations in Mexico, Colombia, Brazil and Chile, with participation from Jaguar Ventures, YC Continuity Fund, Urban Innovation Fund, Uncorrelated Ventures, Clocktower Ventures, Stanford University, 9 Yards Capital, BlockFi Ventures and LatAm angels David Vélez (Nubank), Carlos GarcÃa (Kavak), Sebastián MejÃa (Rappi), Daniel Vogel (Bitso) and Florian Hagenbuch (Loft).
> #PETS LAIKA, a Colombian e-commerce platform for pet goods and services, raised a USD12m Series A from YC, InQlab, Streamlined Ventures and Justin Mateen (Tinder). LAIKA raised USD5m from Soma Capital, InQlab and Palm Drive Capital in 2020, and participated in YC’s 2019 Summer Batch.
> Grupo Bolivar invested in Alameda, a Mexico- and Colombia-based furniture and home decor marketplace.
Angel Ventures and DILA Capital invested in 2019 after Alameda (Mexico) and Mubler (Colombia) merged under the Alameda brand. CEO Juan Carlos Velázquez compares Colombian and Mexican consumer preferences: “Pain points are similar but markets are actually quite different. One interesting distinction is that the Colombian consumer is more comfortable acquiring ready-to-assemble products whereas the Mexican consumer skews towards the fully finished item. For us, having centralized data analytics but also local founders in both countries, has been key to tailor the business offerings to each specific market.â€
> XP acquired a minority stake in Capitânia Investimentos, a Brazilian real estate financing, infrastructure and private credit platform.
Capitania’s current portfolio includes 30 investment funds, 80 institutional investors and 140k retail investors.
> #IOT Seaya Ventures led a ~USD6m round for Fracttal, a Brazilian IoT asset management platform with operations in Chile, Brazili, Mexico and Colombia, with participation from GoHub Ventures.
Scale Capital invested USD2m in 2018. > #FOODTECH Kayyak Ventures led a USD4.5m Series A for Food for the Future (F4F), a Chilean manufacturer of fish feed derived from insects, with participation from the family offices of Patricia Angelini and Andrónico Luksic, multifamily office Inversiones Moncuri and LDG Inversiones. F4F plans to expand its alt-protein offering to humans in the near term. André Pesce of Kayyak Ventures on the opportunity: "This round will enable F4F to scale and achieve volume, price and standardization to address the huge pet, salmon, poultry and swine food markets in the region. [F4F’s focus is] not only about protein; it is also about [enabling] waste treatment through reduced land usage, reduced methane emissions, reduced deforestation, and [promoting] the use of synthetic fertilizers through nutrient recycling. [F4F’s focus is] circular economy at its best inspired by what we have learned from nature.â€
> Kredito, a Chilean credit platform for SMEs, raised a USD4m pre-seed round from Link Capital Partners. Kredito raised an undisclosed round in 2019; Cornershop co-founders Oscar Hjertonsson and Daniel Undurraga invested previously.
> DGF Investimentos led a ~USD3.4m round for Tractian, a Brazilian industrial equipment maintenance management platform, with participation from multifamily office Citrino. Tractian raised ~USD400k from YC, Norte Ventures and angels earlier this year.
> KPTL and Mantiqueria Participações invested ~USD2.16m in Mark to Market (M2M), a Brazilian corporate finance management platform. Mark to Market’s clients include Burger King, EcoAgro, Natura, CCR and Alpargatas.
> #HEALTHTECH KPTL and Interplayers will invest up to ~USD1.8m in SÃntese B2B, a Brazilian marketplace connecting healthcare supply vendors with local hospitals.
> #HEALTHTECH ALLVP led a USD1.5m round for Yana, a Mexican mental health and wellness platform. Yana raised USD315k from Magma Partners, Hustle Fund, and 500 Startups earlier this year. Yana (an acronym for “You Are Not Aloneâ€) went from ~80k to ~1m users in 2020 in the midst of the C19 crisis. CEO Andrea Campos on her experience growing the app for the LatAm mental health market: “In Latin America, we do not have the culture of prevention, we usually approach a doctor or a psychologist when we are already on the brink of catastrophe.†Federico Antoni of ALLVP on the opportunity: “We're lucky to work with talented and driven entrepreneurs across Latin America. Rarely do you have the opportunity to collaborate with such a thoughtful, mission-oriented and daring leader.â€
> #PROPTECH acasa, a Colombian real estate financing and home purchase platform, raised a USD1.2m pre-seed round from Jaguar Ventures, Plug & Play, Bridge Partners, Inca Ventures, Latitud and Jonathan Wassertrum (SquareFoot).
> DOMO Invest led a USD1m seed round for Semexe, a Brazilian bike and cycling accessories marketplace.
> RunOps, a Brazilian collaboration platform for software developers, raised a USD1m seed round from Valor Capital Group, Global Founders Capital, YC, Liquid2, Quiet Capital and Share Capital.
> #ROBOTS #ANGEL DOMO Invest and Urca Angels invested ~USD240k in Brisa Robótica, a Brazilian developer of automated vehicle solutions for industrial supply chains.
> #CORRECTION In the last issue we reported on Brazilian authentication platform idwall’s ~USD42m Seres C led by Endurance Investments. The round was led by Brazilian family office Endurance, and not Chilean VC fund Endurance Investments, as we indicated previously.
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