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LATAM VENTURE BULLETIN
A must read roundup of startup deals and news on emerging technologies in Latin
America, delivered to over 7,000 investors, entrepreneurs and corporates bi-weekly.
April 14, 2022
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Editor’s note: The LatAm Venture Bulletin is produced by Carlos Ramos de la Vega, LAVCA’s Director of Venture Capital. Former Editor Julie Ruvolo now publishes GPCA's global newsletter, the Global Tech Brief. | TLDR 📣 NEW ROUNDS | New Rounds for: Jüsto, unico, Treinta, Stark Bank, Migrante, Vexi, Muni, Simetrik, Truora, Arena, Latitud, Dolado, Leal and Tembici
📣 M&A | Franklin Templeton acquires Lexington Partners; Gympass acquires Vitalk; Loft acquires Vista; Crehana acquires Acsendo
📣 INAUGURAL DEALS | Inaugural deals for: Bezos Expeditions (Brazil) and Rakuten Capital (Colombia)
📣 LAVCA Data | Investing in the Metaverse and DeFi
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| New LAVCA Executive Director LAVCA is pleased to announce that Angela Maria Tafur, a non-profit entrepreneur and seasoned governance expert, has joined LAVCA in the position of Executive Director.
Tafur brings a wealth of experience in philanthropy, corporate social responsibility, sustainability and legal governance to the Executive Director role. She has served as In-House Counsel to Bancolombia, as well as legal advisor to the Superintendent of Securities for the government of Colombia, where she implemented the legal framework for international investment in Colombian capital markets. She also sits on a number of global boards, including GNB Sudameris Bank in Panama and heads their risk committee.
She is also a founding member and Chair of the Board of Give to Colombia (G2C), a US-based philanthropic platform that has channeled more than USD26m to Colombia and improved the lives of more than three million people. Since 2004, G2C has executed more than 400 projects in the areas of education, health, economic development, environment and humanitarian aid. Tafur is also a trustee for the Nature Conservancy.
Angela will be working in close collaboration with the LAVCA Board and our industry partners as the team produces new research, venture capital content and live programming, and prepares for a return to an in-person LAVCA Week in 2022.
☞ Read the full press release. |
| | ▸ Metaverse and decentralized finance-related startups recorded a total of USD725m across 35 rounds from 2019 to 2021 in Latin America, according to LAVCA Data. Notable transactions include: Bitso’s USD250m Series C and USD62m Series B Mercado Bitcoin’s USD200m Series B and USD50.3m Series B+ Ripio’s USD50m Series B Geographical breakdown (no. of deals): Brazil (43%) Mexico and Argentina (20%) Colombia and Peru (6%) Chile and Belize (1%) ☞ View LAVCA’s 2022 Trends in Tech for additional insights on crypto and DeFi. |
| | ▸ LAST MILE | General Atlantic led a USD152m Series B for Jüsto, a Mexican grocery delivery platform, with participation from Tarsadia Capital, Arago Capital, Citius, Quiet Capital and follow-on from Foundation Capital. General Atlantic led a USD65m Series A in February 2021; Bimbo Ventures and Sweet Capital led a USD5m round in October 2020. Jüsto also announced the opening of its first brick-and-mortar store based in Peru. 🦄 Goldman Sachs Asset Management led a USD100m Series D for unico, a Brazilian digital identity protection platform, at a reported ~USD2.6b valuation. General Atlantic and SoftBank led a USD125m round in August 2021 at a USD1b valuation; unico raised ~USD116m from SoftBank and GA in 2020. ▸ Treinta, a Colombia-based sales and inventory management platform for SMEs, raised a USD46m Series A from NY-based hedge fund Luxor Capital and PayU. Treinta raised a USD14.3m seed round in July 2021. ▸ Stark Bank, a Brazilian cash management platform and corporate card issuer, raised a USD45m round from Ribbit Capital, Lachy Groom and Bezos Expeditions. Stark Bank raised a USD14.8m Series A in January led by Stripe; Iporanga invested in 2020. This is Bezos Expeditions’ first known investment in a Brazilian startup after investing in NotCo (Chile) and La Haus (Colombia), according to LAVCA Data. ▸ Kayyak Ventures led a USD30m Series A for Migrante, a Chilean car and motorbike lending platform for gig workers, with participation from angels Sergio Furio (Creditas), Eduardo della Magiora (Betterfly) and Huey Lin (GGV). DEBT | Migrante also secured a USD80m debt facility as part of the round. Migrante raised a USD2.5m round from Kayyak, FEN Ventures and FOs Olivo Capital and Nazar in April 2021. ▸ Magma Partners and Accial Capital led a USD24m equity and debt round for Vexi, a Mexican credit card issuer for middle class consumers, with participation from alpha4 Ventures, Village Capital, Pomona Impact and Noa Capital. Fuse Capital made an undisclosed debt investment in October 2020. ▸ WOMEN-LED | Lightspeed led a USD20m Series A for Muni, a Colombian social commerce platform with operations in Mexico and Brazil, with follow-on from monashees and Pear VC. Muni was founded by former Rappi Global Grocery Delivery Head Maria Echeverri. Angels participating included Simon Borrero and Felipe Villamarin (Rappi), Huey Lin (Affirm), Brynne McNulty (Habi), Fabian Gomez (Frubana), Florian Hagenbuch (Loft) and Hans Tung (GGV). ▸ FinTech Collective led a USD20m Series A for Simetrik, a Colombian B2B platform for automatic financial reconciliation, with participation from Tiger Global and Moore Strategic Ventures, and follow-on from Cometa and monashees. DEBT | Simetrik also raised USD4m in venture debt as part of the round. Angels participating included Santiago Suarez (Addi) and Jason Pate (Plaid) Simetrik raised a USD5m seed round led by Cometa in April 2021; monashees led an undisclosed round in 2019. ▸ Propel Venture Partners and Accel led a USD15m Series A for Truora, a Colombian user identity authentication and customer onboarding platform. Angels participating included Simon Borrero (Rappi), Alex Bouaziz (Deel), Maria Echeverri (Muni), Dileep Thazhmon (Jeeves), Tatiana Fontalvo (Bitsports), Angela Borrero (Morado), Valentina Valencia (VaaS), Brian Requarth (Latitud) and Huey Lin (GGV). KASZEK and Accel invested USD3.3m in June 2019. ▸ CRV led a USD13.6m Series A for Arena, a US-based community building platform for e-commerce brands, with participation from Craft Ventures, Artisanal Ventures and Vela Partners. Arena was founded by Brazilian Paulo Martins, an early Hulu employee. Arena raised a USD2.3m round led by Redpoint eventures in July 2020. ▸ Andreessen Horowitz and NFX led a USD11.5m seed round for Latitud, a US and Brazil-based company incorporation and cap table management platform for Latin American startups, with participation from Canary, Endeavor Catalyst, FJ Labs and Ganas Ventures. Latitud was founded by VivaReal Co-Founder Brian Requarth. Angels investing included David Velez (Nubank), Carlos and Loreanne Garcia (Kavak), Sebastian Mejia (Rappi), Sergio Furio and Ann Williams (Creditas), Sergio Fogel (dLocal), Daniel Vogel (Bitso), Matias Woloski (Auth0) and Dani Undurraga (Cornershop). ▸ Valor Capital Group led a USD10m Series A for Dolado, a Brazilian inventory and digital sales management platform for SMEs in city peripheries, with participation from IDB Lab, Flourish Ventures, Clocktower Ventures, GFC and Endeavor Catalyst. Valor Capital Group led a USD2.2m round in December 2020 and received LAVCA’s 2022 Social Responsibility Award for the investment. View the full list of winners of LAVCA’s Eight Annual ESG Deal Awards. ▸ CVC / CROSSBORDER | IDC Ventures and Rakuten Capital, the CVC arm of Japanese online retail company Rakuten, led a USD10m Series A for Leal, a Colombian credit card issuer and consumer rewards platform. Leal raised a USD3m Series A from FCP Innovacion and others in April 2019. This is Rakuten’s inaugural investment in a Latin American startup, according to LAVCA Data. ▸ LOGISTICS | Blue Like an Orange invested USD10m in Tembici, a Brazilian micro-mobility platform focused on bikes with operations in Chile and Argentina. Crescera Capital led a USD80m Series C in October 2021; Valor Capital Group led a USD47m Series B in June 2020. ▸ PROPTECH | Grupo Pegasus led a USD8m round for LQN, a Colombian residential real estate financing platform, with participation from Innogen Capital. “We are building the largest digital mortgage ecosystem in Latam so that millions of homebuyers have the best mortgage acquisition experience with an agile process through our end-to-end platform and a Fintech line that complements our financing partners."
- Andres Perez, CEO ▸ Quona Capital and MAYA Capital led a USD7.5m seed round for Finkargo, a Colombian import finance platform, with participation from ONEVC, Pear VC, FlyBridge, Latitud and Angel Ventures.
▸ Quona Capital and Mouro Capital led a USD7m seed round for nocnoc, an Uruguay-based e-commerce platform connecting international brands with local marketplaces, with participation from Caravela, Broadhaven Ventures and olist, and angels Diego Dzodan (Facily) and Flavio Dias (Walmart Brasil).
▸ URUGUAY | Andreessen Horowitz led a USD6m seed round for Datanomik, an Uruguay-based B2B open finance API startup, with participation from Canary, Nazca and Latitud. Datanomik was founded by dLocal founder Sergio Fogel.
This is Andreessen Horowitz’s first known investment in an Uruguay-based startup, according to LAVCA Data. ▸ AGTECH | Leaf, a San Francisco-based agtech for integrating farmland data across tech platforms, raised a USD5m round from SP Ventures, S2G Ventures, Cultivian and Radicle Growth. Leaf raised USD2m led by Cultivan Sanbox Venture in September 2020. ▸ FOODTECH | MAYA Capital led a ~USD4.8m seed round for Diferente, a Brazilian low-cost grocery delivery platform repurposing fruits and vegetables that would otherwise be discarded based on their appearance, with participation from US-based VC Collaborative Fund and UK-based VC FirstMinute Capital. This is Collaborative Fund and FirstMinute Capital’s first known investment in a Brazilian startup, according to LAVCA Data. ▸ GAMING | NY-based VC Vice Ventures led a USD4.2m seed round for GreenRun, a Brazilian sports betting platform.
▸ GAMING | Draftea, a Mexican fantasy sports league platform, raised USD4m from NY-based VC Thirty Five Ventures, Mantis VC, Courtside Ventures, NNS Advisers and angels.
KASZEK led a USD13.2m round in January. ▸ CRYPTO | US-based VC Stillmark led a USD4m seed round for IBEX Mercado, a Guatemalan crypto payment platform, with participation from Fulgur Ventures, Hivemind Ventures and Ten31.
▸ Alprestamo, an Argentine D2C finance product marketplace with operations in Argentina, Mexico, Spain and Uruguay, raised USD2.5m from undisclosed investors.
▸ HEALTHTECH | SoftBank Latin America led a ~USD2.4m round for Salú, a Brazilian employee health compliance platform, with participation from Aggir Ventures and Norte Capital, and angels Vitor Asseituno (Sami), Felipe Lourenço (iClinic), Bruno Lagoeiro (Pebmed) and Ricardo Duarte (Beacon).
▸ Pacto, a Mexican restaurant payment platform and on-site express delivery platform, raised a USD2m round from FEMSA Ventures, 500 Global, Leap Global Partners, TnT Ventures, Hive Hatch, First Check Ventures and angel Kevin Carter (SV Angel).
▸ HRTECH | Astella Investimentos led a USD1.5m bridge round for BossaBox, a Brazilian on-demand platform connecting SMEs with remote teams of product managers and software developers, with participation from Redpoint eventures.
Astella led a USD1.4m round in November 2020. ▸ FOODTECH / DEBT | BTG Pactual invested USD1.5m in venture debt in Wild Meats, a Chilean producer of cereal bars and healthy snacks.
▸ Plurall, a Colombian financing platform for microentrepreneurs, raised a USD1.5m round from Ewa Capital, Comfama and CAF. DEBT | Plurall also secured a USD10m debt facility as part of the round. ▸ CVC | Randon Ventures, the CVC arm of Brazilian railroad equipment manufacturer Empresas Randon, led a ~USD1.4m round for Money Money Invest, a Brazilian peer-to-peer marketplace connecting retail investors with SMEs.
▸ CVC | Grupo RPP, a Peruvian media conglomerate, invested USD1.4m in Rextie, a Peruvian currency exchange platform.
▸ Ocular, a Chilean video customer service platform for digital retail brands, raised a USD1m seed round from an undisclosed Miami-based investor.
▸ HEALTHTECH / WOMEN-LED | Canary led a USD845k round for Plenna, a Mexican telemedicine platform for women's health, with participation from 500 Global.
▸ Instacash Preauth, a Chilean credit card pre-authorization platform, raised USD800k from Alaya Capital, 500 Global and Winnipeg Capital.
▸ HEALTHTECH | Polymath Ventures led a USD700k round for Tani Salud, a Mexican doctor discovery platform for surgery procedures, with participation from First Check Ventures and 500 Global, and angel Roger Laughlin (Kavak) and Jesse Damstra (Philips Mexico).
▸ Grupo SMZTO, a Brazilian franchise investor, invested ~USD400k in Yungas, a Brazilian franchise operation management platform.
▸ BossaNova Investimentos and Carol Paiffer of SharkTank Brasil invested ~USD230k in Bits Academy, a user experience consultancy for SMEs.
▸ HEALTHTECH | US-based VC Fresh Ventures invested USD200k in Smart Doctor, a Mexican telemedicine platform for the uninsured.
▸ BossaNova Investimentos and Brazilian accelerator Leavening invested ~USD200k in PedBot, a Brazilian social media management platform.
▸ Chilean-based Impacta VC invested in Kilimo, an Argentine agtech using satellite-based analytics to optimize water irrigation systems in crops, Polynatural, a Chilean foodtech developing polymers to extend vegetable shelf life, and Carryt, a Colombian e-commerce last mile delivery platform.
Read LAVCA’s interview with Kilimo COO Tatiana Malvasio. ▸ CLEANTECH / CVC | Dome Ventures, the CVC arm of Grupo FCJ, invested in Tradenergy, a Brazilian energy consumption monitoring platform for renewables.
▸ CVC | Grupo Nexxees invested in Rainbow Money Bank, a Brazilian digital bank for the LGBTQ+ community.
▸ ANGEL | BR Angels Smart Network invested ~USD240k in Get Commerce, a Brazilian e-commerce marketplace.
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| | ▸ Global investment manager Franklin Templeton acquired Lexington Partners. Lexington Partners had a total AUM of USD57b at the time of closing. ▸ HEALTHTECH | Gympass, a Brazilian B2B gym membership platform with global operations, acquired Vitalk, a Brazilian B2B mental health platform for employees. Gympass raised a USD220m Series E from SoftBank, General Atlantic, KASZEK, Valor Capital Group and Moore Strategic Ventures in July 2021. Vitalk raised a ~USD4.8m Series A led by Vox Capital in November 2021. ▸ PROPTECH | Brazilian proptech Loft acquired Vista, a Brazilian real estate brokerage management platform. Loft acquired TrueHome, a Mexican residential real estate platform, in November 2021 and CredPago, a Brazilian fintech enabling residential rentals without collateral, in July 2021. Loft raised a USD100m Series D+ led by Baillie Gifford in April 2021. ▸ Worc, a Brazilian recruitment automation platform for restaurants, acquired Hrestart, a Brazilian recruiting and employee onboarding platform. Worc raised ~USD4m led by SoftBank Latin America in January. ▸ HRTECH | Crehana, a Mexico- and Peru-based upskilling platform for corporates and retail consumers, acquired Acsendo, a Peruvian employee performance monitoring platform. General Atlantic led a USD70m Series B in Crehana in August 2021. ▸ PROPTECH | Mexican proptech Casai acquired Loopkey, a Brazilian electronic entry management system. Casai raised a USD48m Series A led by Andreessen Horowitz in 2020. ▸ CROSSBORDER | MaaS Global, the parent company of Finnish transportation app Whim, acquired Quicko, a Brazilian smart mobility startup working on commuter transit. Quicko raised a ~USD20m Series B led by Brazilian infrastructure conglomerate Grupo CCR and J2L Partners in June 2021; CCR and J2L invested USD10m in 2019. ▸ Lojas Renner, a Brazilian retail conglomerate, acquired Uello, a Brazilian express freight platform for corporate retailers and e-commerce brands. Uello raised a ~USD3.4m Series A from Btomorrow Ventures, Capital Lab and Invest Tech in July 2021. ▸ EDTECH | Mind Lab, a Brazilian on-demand course platform for K-12 students, acquired eduK, a Brazilian professional course platform. eduK raised a USD2.5m Series A from monashees and Felicis Ventures in 2013, and a USD10m Series B from Accel, monashees and Felicis Ventures in 2015. ▸ BossaNova Investimentos acquired Brazilian tech news outlet STARTUPI. |
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▸ Base10 Partners held a USD460m final close for its third global flagship fund.
Base10 recent investments in LatAm include: Mundi, Calii and Nowports (Mexico) and Conta Simples and Zak (Brazil). ▸ CVC | Telefónica Vivo launched a ~USD64m CVC fund to invest in startups with a ~USD20m pre-money valuation. Vivo will invest in startups raising a Series A or Series B with a strong focus on companies from Wayra’s portfolio, according to Vivo President Christian Gebara. ▸ iThink VC, a Paraguay-based early-stage fund, held a first close for Ignite, a USD20m fund to invest in startups operating in Paraguay, Bolivia, Ecuador, Peru and Uruguay. iThink VC’s portfolio includes Kilimo (agtech), ViewMind (healthtech), Bankingly (fintech) and Moova (logistics). ▸ CORRECTION | In the last issue we reported on Salkantay Exponential Fund’s first close. Salkantay will invest in Spanish-speaking Latin America with a strong focus on Andean founders, not in Central America as we indicated previously. |
| Fund Launches
▸ SoftBank spun out its Latin America early-stage fund.
The new vehicle will retain all portfolio investments and rebrand to Upload Ventures under the leadership of former SoftBank Managing Partner Rodrigo Baer, Marco Camhaji and Norberto Giangrande. ▸ Mexican alternative asset investor Talipot spun out 1200VC, an early-stage investment fund with a dual mandate to invest in funds and startups in the Americas. Talipot will remain as anchor investor in 1200VC. Adriana Tortajada of Santander Universidades and Fondo de Fondos joined as CEO and Managing Partner. ▸ Andorra-based private bank Andbank launched Actyus Fintech I, an early-stage fund with a ~USD65m target to invest in startups in Latin America, Europe and the US. Andbank’s portfolio includes Creditas, Mundi and Gringo. ▸ BNDES selected Crescera Capital and Brazilian VC Triaxis Capital to manage Criatec IV, the ~USD50m fourth fund to invest in Brazilian startups with less than ~USD3.2m in ARR.
▸ AMAZON | Bertha Capital and Federação das Indústrias do Estado do Amazonas (FEIAM) launched a ~USD20m fund to invest in early-stage biotech and tourism startups operating in the Amazon.
▸ Platanus Ventures, the CVC arm of Chilean software development agency Platanus launched an early-stage fund with a USD20m target to invest in proptech, logistics, hrtech and crypto startups.
Platanus Ventures’ portfolio includes Fintoc, Toku, Examedi, Crecy and Rona Therapeutics. ▸ CVC | Tribal Credit, a San Francisco-based B2B payment platform for emerging markets, launched Tribal Ventures, a USD7.5m CVC fund to invest in startups across emerging markets. DEBT | Tribal Credit raised USD40m in debt financing from Partners of Growth and Stellar Development in January. ▸ CVC | Brazilian retail conglomerate Lojas Americanas launched an undisclosed CVC fund to invest in early-stage advertising, fintech and logistics startups.
▸ German VC Picus Capital is setting up an office in São Paulo.
Picus Capital’s Brazil operations will be led by Santiago Danino. Picus’ Latin America portfolio includes Pulsar, Cayena, Kocomo, Neta, Mercê do Bairro, Aplazo and Legiti. ▸ BossaNova Investimentos launched BossaBank, a banking, insurance and credit platform for early-stage startups. |
| Startups ▸ CRYPTO | Coinbase is reportedly in talks to acquire 2TM, Mercado Bitcoin’s parent company, at a USD2.2b valuation, according to Bloomberg and Cointelegraph. Coinbase has also invested in Bitso (Mexico), Hashdex (Brazil) and Lemon (Argentina). ▸ CRYPTO | Rappi partnered with Bitso and Bitpay to launch a pilot program for in-app crypto payments in Mexico.
▸ HEALTHTECH | Mevo (formerly Nexodata), a Brazilian drug prescription and clinical exam scheduling platform, launched an online pharmacy and a drugstore marketplace.
Mevo raised a ~USD7m round from Mercado Libre’s MELI Fund, Floating Point, FIR Capital, Albert Einstein Hospital and the family office of Guilherme Benchimol in July 2021. ▸ CROSSBORDER | Ábaco, a credit score and microcredit platform, partnered with Uber Latin America to offer credit products to Uber’s ride-hailing partners in Colombia.
▸ EDTECH | Crack the Code, a Peruvian coding platform for K-12 students, launched operations in Mexico.
KASZEK led a USD2.7m seed round in January. ▸ Odetta, a Mexican resale car marketplace, partnered with Spanish bank BBVA to offer in-app credit financing. GFC, Capital Invent, Maniv Mobility and TA Ventures made an undisclosed investment in Odetta in September 2021. |
| News ▸ CRYPTO | Rio de Janeiro will accept Bitcoin payments starting in 2023 for real estate tax payments. Binance CEO Changpeng “CZ” Zhao announced they will open an office in Rio after the news became public: “[The mayor of Rio] has done his part. We’re working on ours.” ▸ POLICY | Brazilian National Monetary Council approved the regulatory framework for Open Finance, the last phase of Brazil’s Open Banking initiative to include investment, exchange and insurance platforms that can now be accessed by third-party APIs upon consumer consent.
▸ Itaú Unibanco launched a new innovation arm to serve as a key platform to interact with local investors and startups. The initiative will be led by Manoel Lemos and Anderson Thees of Redpoint eventures.
▸ EBANX partnered with VTEX to launch a cross-border payment platform for Brazilian e-commerce operating throughout Latin America.
The partnership will provide merchants with 100+ payment methods in 15 countries in South and Central America. ▸ CROSSBORDER | Rest of World reviews the migration of Indian founders into Chile as a strategic launchpad to Latin America and the US. Several major Indian companies already have a presence in Chile, including Tata Consultancy Services, Infosys and Polaris Group. Others are now moving in: ManageEngine, the business IT branch of Indian giant Zoho Corporation, has established a presence in Chile, and Indian agrochemical giant UPL acquired Chilean company IngeAgro in September 2020. ▸ Rest of World: Colombian real estate startups want to take over Latin America
▸ CRYPTO | Ricardo Salinas Pliego, the third wealthiest Mexican with interests in communication and banking, announced 60% of his liquid portfolio is in Bitcoin.
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| News ▸ WEB3 | Carlos Kokron of Qualcomm Ventures shares his view on the opportunity for Web3 in Latin America and the opportunity for corporate venture. “Um conceito interessante é o da Web 3, que tem o potencial de reescrever a internet como a conhecemos hoje. Na web 2 a gente vive em um mundo em que grandes empresas oferecem conteúdo e serviço de graça em troca dos seus dados, então é muito centralizado. Com essas novas tecnologias, especialmente o blockchain, nós estamos criando um mundo mais descentralizado, em que talvez as pessoas possam ser mais donas de seus dados, e passarem a ser remuneradas por eles.” ▸ Martin Escobari of General Atlantic shares advice for international funds interested in investing in Latin America. “Os fundos que vêm para o Brasil quando o Cristo Redentor está na capa da The Economist vão vender errado. É impossível investir nessas regiões sem consciência de longo prazo.” ▸ Monica Brand of Quona Capital shares her approach to investing in financial inclusion across global markets spanning from Latin America to Sub-Saharan Africa and Asia in a conversation with Patrick Alex of Endeavor. Brand on the trade off between impact and financial returns:
“Impact is top of mind for us; however, we are a financial returns-first investor. My sister is a teacher and one of our first investors was the Teacher’s Pension Fund, so if I fail at my job, which is to deliver a risk-adjusted return, she doesn’t retire. On the day-to-day, the trade-off is more nuanced: sometimes we have to increase the price of a business to ensure its survival even if in the medium term that means certain clients might be excluded because without a business there is no impact.” |
| People & Programs LAVCA WEEK | Save the date for LAVCA Week 2022, taking place in person October 12-14 at the Conrad New York Downtown in New York City. The 2022 conference will convene LAVCA’s unparalleled network of private capital investors from across Latin America, the US, Asia and other global markets for a highly interactive experience, including networking and discussions on the latest trends in private equity, venture capital and other private capital strategies. ▸ ColCapital will host the fifth edition of the Pacific Alliance Private Equity and Venture Capital Congress taking place April 26-27 at the Grand Hyatt Hotel in Bogota. Registration is now open.
▸ Congrats to the 10 startups selected to participate in 500 LatAm’s Somos Lucha Batch 15:
Argentina: Nuevo Método Colombia: Loopay, Qubit Costa Rica: Avify Ecuador: Aora, Databits, Reliv Mexico: Artificial Nerds, Koltin, Scorce ▸ Julia Figueiredo formerly of SVB joined Partners for Growth as Head of Latin America to expand the regional venture debt practice of the USD750m fund. Partners for Growth has already invested in Tribal Credit and Suma SaaS. ▸ Lorena Suarez formerly of Grupo Supervielle joined Alaya Capital as Managing Partner.
▸ NXTP is looking for an Investment Associate to join its team in Mexico City. Interested candidates are welcome to apply.
▸ Canary is looking for Summer interns to join its investment team. Undergraduates studying in the US or Europe are welcome to apply before April 17.
▸ Spectra Investments is looking for an Associate to expand its investment team in São Paulo. Interested candidates are welcome to apply at [email protected]
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