> OLX, a global classifieds marketplace backed by Naspers, has made a R$2.9b (~US$642m) all cash offer to acquire Brazilian real estate classifieds platform GrupoZAP, subject to approval by CADE.
- VivaReal merged with Globo’s ZAP in 2017, combining the two biggest players in Brazil. Lucas Vargas has served as CEO of the combined entity, which also includes Geoimovel, Suahouse, Sub100, and DataZAP.
- OLX also merged with or acquired Properati’s Latin American operations over the past two years.
> #CVC XP led a R$380m investment in Brazilian car rental platform Vai.Car, with participation from BMG and Bossa Nova Investimentos.
> #CVC BTG Pactual acquired a 20% stake in CredPago, a Brazilian real estate financial services platform.
> Atlantico led a R$42m investment in Trybe, a Brazilian edtech focused on software skills development, with participation from Canary, Global Founders Capital, and Norte, as well as follow-on from e.bricks Ventures and MAYA Capital. Angels Armínio Fraga and Ronaldo Lemos invested previously in the seed round.
> #HEALTH #CVC Redpoint eventures and DNA Capital, the corporate venture arm of DASA, led a US$4.5m investment in Memed, a Brazilian digital prescription platform. Qualcomm Ventures, monashees, and Redpoint invested previously.
> #HEALTH e.bricks Ventures made an undisclosed seed investment in Conexa Saúde, a Brazilian telemedicine platform. e.bricks and angels invested R$5m previously.
> NXTP Ventures led a R$6m seed investment in Kangu, a Brazilian delivery logistics startup.
> Telor and Morcote Holdings led a R$5.5m investment in Click Cash, a Brazilian personal credit app.
> #AGTECH 🍏 ChileGlobal Ventures led a US$800k investment in Chilean agtech PolyNatural, with participation from Alerce and TheYieldLab. PolyNatural is developing natural product alternatives to extend the shelf life of fresh fruit.
> Angel Ventures and Fen Ventures led a US$600k seed investment in Get on Board, a Chilean platform for tech jobs, with participation from 500 Startups San Francisco, 500 Startups Mexico, and angels. This is the company’s first disclosed financing.
- Co-Founder & CEO Sergio Novel says Get on Board is strongest in Chile and Peru, and growing rapidly in Colombia, Argentina, and Mexico: “We have 120K tech professionals in our network… The demand for tech professionals is growing 5% yearly just in Latin America, and it’s only going to get more aggressive as US companies start accessing this talent pool.”
> #IMPACT Adobe Capital made an undisclosed investment in Puntored, a Colombian digital payments platform.
> #IMPACT #HEALTH Cicero Impact Capital and Promotora Social Mexico will invest up to US$4m in Medica Santa Carmen, a Mexican network of dialysis clinics. ALLVP invested previously.
> #DEBT Kenoby, a Brazilian SaaS platform for employee recruitment, raised R$3.3m from Brazil Venture Debt I. Kenoby recently raised R$20m from Astella Investimentos.
> Distrito Ventures invested R$3m across Brazilian fintechs Atta, BLU365, and SuperSim. Undisclosed investors contributed an additional R$9m.
> ChoppUp, a Brazilian IoT startup that partners with beer distributors, raised R$600k from undisclosed investors. ChoppUp raised R$4m from FINEP and others in 2019.
> #IMPACT #DEBT BWISE, a mobile commerce platform for micro-enterprises in Ecuador, raised US$1m in debt financing from Alphamundi.
> Zubut, a Mexican last mile delivery platform, raised undisclosed financing from Redwood Ventures and others.
> #HEALTH Hisnëk, a Brazilian employee health platform, raised R$1m in angel financing.
> #HEALTH Brazilian healthtech Ninsaúde raised undisclosed financing from undisclosed investors.
> VC investment in Latin American startups has quadrupled since 2016 to a record US$2b in 2018, according to LAVCA data. Access LAVCA’s Annual Review of Tech Investment in Latin America for the details.