DEALS
> The IFC led a US$7.1m Series B in Brazil’s Mandaê, a parcel logistics startup. Other participants include UPS Strategic Enterprise Fund, Mercado Libre Fund, Tekton Ventures, FJ Labs, and existing investors Performa Investimentos, Qualcomm Ventures, monashees+, and Icon Holding Company. Mandaê previously raised US$2.5m in 2016.
> monashees+, Quona Capital, and Propel Venture Partners led a US$22m Series A in Brazilian fintech Neon Pagamentos, with participation from Omidyar Network, Tera, and Yellow Ventures.
> Fundo Aerotec (managed by Confrapar) and Criatec II announced an undisclosed investment in ALTAVE, a Brazilian aerospace startup designing cost-effective air vehicles to monitor ground conditions for a variety of industries, including oil and gas, agro-business and mining.
> Xpand Ventures, Diario Clarín’s corporate accelerator, invested US$200k in Argentinean startup Kilimo, a big data startup for crop irrigation management.
> HCS Capital Partners, a Miami-based PE firm, led a US$2m investment in We-Techs, a Chilean IoT monitoring platform for natural gas, water treatment, and other industries. We-Techs was accelerated at Wayra Chile.
> HCS Capital Partners also made a US$1m investment in Ceptinel, a Chilean fintech startup focused on regulatory tech.
> Alaya Capital Partners made an undisclosed investment in Rocketpin, a Chilean startup that provides point-of-sale auditing software. Rocketpin, which was accelerated at Wayra Chile, will use the funds to expand to Argentina.