DEALS
> Movile raised a fresh US$124m round of financing for iFood, led by Naspers, with participation from Innova Capital. Last year, Movile raised US$82m for iFood and US$53m for Movile, also from Naspers and Innova Capital.
- TechCrunch reports Movile plans to expand iFood, ticketing platform Sympla, and payments platform Zoop.
- Movile was the most active acquirer of startups in Brazil from 2010-2016, followed by Linx and B2W, according to LAVCA’s analysis of digital M&A transactions over that time frame.
> Angel Ventures invested US$1.3m in CitySense, a Chilean open platform to develop smart city solutions, through its Pacific Alliance Fund II.
> Angel Ventures also led a US$1.2m investment in Energryn, a Mexican startup using patented hybrid solar technology to democratize consumer access to affordable green energy:
México es el país que más consume gas LP por habitante en el mundo, con un promedio por familia de $400 pesos mensuales. Esta es una de las razones por las cuales México es el décimo país que más contamina nuestro planeta. Sin embargo, más de la mitad de las familias en México se bañan con agua fría pues carecen de un calentador de agua, y solo el 1% de las viviendas de nuestro país tienen calentador solar. Irónicamente, México es el tercer país con mayor radiación solar promedio en el mundo.
> Tributi, a Colombian tax automation platform, raised US$800k from Y Combinator, Foundation Capital, Graph Ventures and others. Foundation Capital previously invested in Rappi.
> #CRYPTO Magma Partners and ConsenSys Ventures made a US$600k investment in CryptoMKT, a Chilean cryptocurrency exchange for Ether, Bitcoin, and Stellar:
The traditional financial system is cost and time inefficient in must of the countries in the region. Our services allow people and companies to connect to cryptocurrencies and blockchain networks on a single platform thus creating an unique ecosystem for crypto services through Latin America and Europe. We also invest on developing solutions such as CryptoCompra, our payment solution which allows businesses to easily incorporate cryptocurrencies as an additional means of payment with significantly lower commissions.
> Criatec 2 made a R$2.5m investment in Paggcerto, a Brazilian payments platform.
> Family office Loyall participated in a ~R$2m seed investment in Brazilian P2P lender Nexoos.
> #HEALTHTECH Canary made an undisclosed seed investment in Go Good, a collaborative exercise app.
> 🛴Scooters are coming to Latin America: monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners, and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator.
- Grin is starting in Mexico City, a hot destination for new last-mile launches -- Postmates, Ofo, Mobike, and Didi Chuxing all recently expanded into Mexico.
- And dockless bikes are coming to São Paulo very soon via Yellow, a monashees+-backed startup founded by former Caloi CEO Eduardo Musa.
> Angel investors in Rio Grande do Sul made a R$1m investment in Brazilian personal investment platform Mais Retorno.
> York Management led a US$2.3m investment in DataGran, an ad optimization startup in New York, with participation from unnamed international investors. DataGran raised an undisclosed investment from Wayra Colombia and Quake Capital in 2016. READ LAVCA’s interview with Founder & CEO Carlos Mendez.
> Cemex Ventures made an undisclosed investment in Concrete Sensors, a US-based real-time monitoring solution for concrete construction.