DEALS
> VARIV Capital and Chilango Ventures made an undisclosed investment in MPOWER, an American student lending platform. Mexico is MPOWER’s third largest market, and 25% of its outstanding loan portfolio is in Latin America. VARIV partner Pepe Bolanos says the investment will use “cutting edge tech to enable Latin American students to pursue higher education in the US, focusing on an attractive, relatively low risk, and historically untapped credit market.”
> ALLVP and Coca-Cola made an undisclosed follow-on investment in Mexican Mobile Virtual Network Operator (MVNO) weex, an example of the growth in telco innovation Mexico is seeing as a result of the 2014 Mexican Telecom Reform bill.
> e.Bricks Ventures made an undisclosed follow-on investment in Me Salva!, a Brazilian edtech video platform for high school students.
> Criatec 3, a venture capital fund promoted by BNDES and managed by Inseed Investimentos, made its first agtech investment of R$2m in Chip Inside. Chip Inside produces a smart collar for dairy cows that monitors health and reproduction. Agtech is a sector poised for growth in latin America, according to 2017 Trend Watch: Latin American VC Infographic. CALL FOR ENTREPRENEURS: Criatec 3 is actively looking for Brazilian entrepreneurs to invest in.
> Fundo Sul Inovação, a VC fund co-managed by Brazilian firms FIR Capital and BZPlan, invested R$5m in Cata Company (formerly Catamoeda), a Florianopolis, Brazil-based cash management platform for small retailers.
> Trivella M3 Investments’ fund, Cypress M3 FIP, has made a R$3.2m investment in Brazilian audiobook company Ubook.
> An unnamed group of angels invested R$1m in Supermercado Now, a grocery delivery startup partnered with five grocery chains in São Paulo, Brazil.
> Vox Capital invested R$4m in Aondê Educacional, an edtech startup in Rio de Janeiro, Brazil that is gamifying and animating the primary education experience. Vox, one of Brazil’s earliest impact-investing fund managers, has backed more than 20 startups since 2009. The firm now manages about US$120m between its two funds. Impact investors in Brazil made 48 investments totaling roughly US$70m in 2014 and 2015, according to the LAVCA, the Aspen Network of Development Entrepreneurs, (ANDE) and LGT Impact Ventures.