DEALS
> Vostok Emerging Finance led a US$55m Series C investment in Creditas, with participation from new investors Amadeus Capital Partners and Santander InnoVentures, and existing investors KaszeK Ventures, QED Investors, Quona Capital, the IFC, and Naspers Fintech.
- Last year Creditas raised US$50m (led by Vostok) and a R$60m Series B (led by IFC).
- Creditas is Amadeus’ third investment in LatAm, after Descomplica and Bidu. Partner Pat Burtis says, “Personal secured credit is a huge, untapped opportunity in Brazil.”
> Rise Capital led a US$15m Series B investment in GAIA Design, a Mexican online-to-offline furniture brand, with participation from Variv Capital, French Partners, and other investors.
- Rise Capital and Capital Invent led the company’s US$2.5m Series A in 2015, with participation from FJ Labs and others.
- GAIA Design has 200+ employees and ships 20,000 products per month, according to CEO Philippe Cahuzac; he says the furniture & home accessories market is a US$8b opportunity in Mexico, and US$20b in Spanish-speaking Latin America.
> monashees+ and Vostok Emerging Finance led a R$17m Series A investment in Magnetis Investimentos, a Brazilian personal finance management platform.
- Magnetis previously raised R$3m from monashees+, Redpoint eventures, 500 Startups, and NH Investimentos.
- Magnetis recently launched a corporate financial education product for clients including Elo7, Arquivei, Pipefy, and Olist.
> LLR Partners led a US$31m Series C in Argentine cybersecurity startup Onapsis, with participation from existing institutional investors .406 Ventures, Evolution Equity Partners, and Arsenal Venture Partners. Endeavor Catalyst invested previously. Onapsis is now headquartered in Boston.
> #AGTECH 🐄 SP Ventures made a R$3m investment in JetBov, a cattle management platform. Jetbov was accelerated at ACE.
> Scale Capital made a US$2m investment in Fracttal, an IoT asset management platform. Fracttal has offices in Chile, Brazil, and Colombia with plans to expand to Mexico.
> ALLVP made an undisclosed investment in SocialDiabetes, a Barcelona-based health-tech platform for diabetes patient care. ALLVP says the prevalence of diabetes in Mexico is the highest of the OECD countries.
> NXTP Labs led an undisclosed investment in Pay per TIC, an Argentine last-mile payments platform.
> Garan Ventures made an undisclosed investment in Estuda.com, a Brazilian standardized test preparation platform with 1 million users.
> Cedro Capital made an undisclosed investment in Getrak, a Brazilian startup providing enterprise IoT tracking software for the automotive sector.
> Undisclosed angels made an undisclosed investment in Benvenuto, a Brazilian residential real estate platform.