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The LAVCA Private Capital Update is a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and family offices in Latin America.
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LAVCA spoke with Benoit Verbrugghe, Member of the Executive Committee for Ardian about their regional strategy for Latin America, including the opportunity in infrastructure and renewable energy and staffing and opening an office in the region in the near-term.
 …we believe there is a fantastic opportunity to develop and build infrastructure assets in Latin America, which will contribute to the economic growth of the region.
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Female investors in early-stage tech are underrepresented in Latin America as they are globally. And only 10% of global VC dollars have gone to startups with at least one female founder since 2012.
In an effort to raise the visibility of female investors in early-stage technology in Latin America, LAVCA has published an updated list of the Top Women Investing in Latin American Tech. The second edition features eight new investors and other updates, showcasing a growing list of influencers shaping the tech ecosystem in the region.
Criteria:
The list includes 43 senior-level female investment professionals who are deploying capital in early-stage tech deals or committing capital to VC funds, as well as female angels investing over US$50k across multiple deals. All investors were nominated by their peers and vetted for inclusion by LAVCA, and have been active in the last five years.
Engage:
Access information about the 2017 WeXchange (Dec. 4-5 in Santiago, Chile), a forum hosted by FOMIN that connects high growth women entrepreneurs in LatAm with investors and mentors. Registration is free for qualified individuals. Fill out the this form to see if you qualify to attend.
#CHANGETHERATIO
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The entrance of major global investors into a string of recent early and expansion stage rounds in Latin America is contributing to record investment dollars in Latin American startups.
In the last 8-12 months, we’ve noticed a number of significant global and corporate investors making commitments to startups in major markets like Brazil and Mexico, indicating both a good opportunity for long-term capital investors and a maturity in the overall investment ecosystem.
According to LAVCA data, startups in Latin America received US$477m in venture capital funding in the first half of 2017, almost as much as was invested in all of 2016 (US$500m), and more than double the amount invested in 1H2016 (US$218m).
For a list of venture/tech investors dedicated to early stage rounds in Latin America, access the LAVCA Venture/Tech Member Directory.
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Private Equity News
Nexxus Capital Completes Divestment from Moda Holding
(Press Release) Nexxus Capital has fully divested from Moda Holding, an apparel retail company located in Mexico, after reaching an agreement for Acritus to acquire the company for an undisclosed amount. Read more
SCL Energía Acquires Stake in Solarity Spa (en español)
(LexLatin) The Americas Energy Fund II, a fund managed by SCL Energía, has acquired a controlling stake in Chilean solar panel company Solarity Spa for US$7.5m. Read more
Mexico's PC Capital Completes Investment in Distribuidora Rancho Los Molinos
(Press Release) Private equity firm PC Capital completed an undisclosed investment in Mexican seed distributor Rancho Los Molinos. Read more
Aberdeen Private Equity Targets US$250m for South America Fund
(Infrastructure Investor) UK-based private equity firm Aberdeen is in the process of raising a fund focused on South America and with a target of US$250m. Read more
General Atlantic Makes Follow-on Investment in Brazilian Education Company SAS (em português)
(Valor Econômico) General Atlantic has increased its stake from 20% to 26% in Brazilian learning systems provider SAS. Read more
GPS Investimentos Launches Private Equity Fund (em português)
(Bloomberg) Brazilian wealth management company GPS Investimentos has partnered with Spectra Investments to launch a private equity fund. Read more
Southern Cross Group Launches New Technology Company Axity (en español)
(Expansión) Southern Cross Group has merged two of its portfolio companies, Intelligo and Getronics, to launch Axity, a new technology solutions company servicing businesses in Mexico, Colombia, Argentina, Peru, and the US. Read more
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Venture Capital News
Goldman Sachs Leads US$20m Series C in CargoX
(Press Release) Goldman Sachs led a US$20m Series C in Brazilian trucking startup CargoX, with participation from Qualcomm Ventures, Soros, and existing investors Valor Capital, Agility Logistics, and Uber co-founder Oscar Salazar. Read more
Domo Invest Makes Investment in Brazil's Noverde
(em português)
(Valor Econômico) Domo Invest made an undisclosed investment in Noverde, an online lending platform focused on low-income Brazilians. Read more
Korea Venture Investment Corp. to Invest US$8m in Mexican Funds
(The Investor) Korea Venture Investment Corp., a government-backed fund-of-funds management company, plans to invest US$8 million in Mexico-based funds. Read more
Angel Ventures Peru Launches Seed Fund
(en español)
(Press Release) Angel Ventures Peru launched AVP Seed Fund 1 with US$1m in commitments to invest US$50k-$100k in 10-15 Peruvian startups. Read more
Accion Venture Lab & Canary Ventures Invest in Brazil's SmartMEI
(Press Release) Accion Venture Lab and Canary Ventures made an undisclosed seed investment in SmartMEI, a fintech startup servicing micro-entrepreneurs in Brazil. Read more
Argentina to Invest US$12m in Three VC Funds (en español)
(Clarín Economía) The government of Argentina will invest up to US$12m each in three of the eleven VC funds that present at Foro Argentino de Inversores as well as in thirteen accelerators. Funds presenting at the event include Axon Partners, Rise Capital, Jaguar Ventures, Angel Ventures Mexico, Cygnus, and NXTP Labs. Read more
Chile Launches New Social Impact Bond (en español)
(Economía y Negocios)
Fundación Impacta and the Chilean Ministry of the Economy have partnered to launch Chile’s first Social Impact Bond. Read more
DILA Capital & Mountain Nazca Invest MXN$50m in Creze (en español)
(AMEXCAP) DILA Capital and Mountain Nazca led a MXN$50m investment in Creze, a Mexican startup providing financial services to SMBs (PYMES). Read more
The Venture City Launches US$100m Global Fund for Startups
(Miami Herald) Miami-based The Venture City launched a US$100m venture fund to invest in startups globally, including Latin America. Initial investments in Latin America include Hogaru, Emprego Ligado, and 1DOC3. Read more
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Real Estate News
Hines to Break Ground on Mexico City Logistics Center
(Commercial Property Executive) Global real estate investment, development and management firm Hines is set to begin the construction of El Convento CityPark in Mexico City, a logistics park development center that will include more than 1.7 million square feet of Class AAA logistics and distribution space in eight buildings. Read more
Blackstone Sells Green Office building in São Paulo (en español)
(LexLatin) JS Real Estate Multigestão FII paid R$253.8m to acquire 100% of Blackstone’s BRE Ponte II Empreendimentos e Participações S.A., a special purpose vehicle that owned a 64.3% stake in WTorre Nações Unidas Torre III, a green office building in São Paulo. Read more
LarrianVial and Colliers Partner to Launch New Real Estate Fund (en español)
(Economía y Negocios) LarrainVial and Colliers are readying to raise up to US$160m in commitments for its third Peru-focused real estate fund. Read more
VBI Real Estate Agrees to Invest R$150m in ULiving (em português)
(Fusões & Aquisições) VBI Real Estate has agreed to invest R$150m in ULiving, a student residence company in São Paulo and Minas Gerais. Read more
HSI Resumes Investments in Global Logistics Properties (em português)
(Valor Econômico) Brazilian private equity real estate firm Hemisfério Sul Investimentos plans to invest R$500m in logistics assets in the next two years. Read more
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Red Innova
Hosted by Red Innova |
November 15, 2017 |
Buenos Aires, Argentina
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Workshop Venture Capital from Chile to Abroad
Hosted by Chilean Association of Venture Capital |
November 20, 2017 |
New York, NY |
RSVP
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Foro Argentino de Inversiones
Hosted by Ministerio de Producción de la Nación and ARCAP |
November 29, 2017 |
Buenos Aires, Argentina
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WeXchange 2017
Hosted by IDB & FOMIN |
December 4-5, 2017 |
Santiago, Chile
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PreMoney SF 2017 (5th Annual Investor Conference)
Hosted by 500 Startups |
December 5, 2017 |
San Francisco, CA
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VC in São Paulo
Hosted by LAVCA |
December 5, 2017 |
São Paulo, Brazil
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Seminar on Impact Investing
Hosted by Brazilian-American Chamber of Commerce |
December 12, 2017 |
New York, NY
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| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell. |
Latin American Venture Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
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