DEALS
> General Atlantic led a R$250m Series C in Brazilian apartment rental platform QuintoAndar, with participation from existing investors KaszeK Ventures, Qualcomm Ventures, QED Investors, Ruane, and Cunniff & Goldfarb. Acacia Partners led the previous round in 2016, and Social Capital invested previously.
- QuintoAndar operates in São Paulo, Campinas, Rio de Janeiro, and Goiânia, and is considering expansion into southern Brazil.
- The business model is more akin to NestAway in India than a real estate listing platform like VivaReal -- QuintoAndar is the entity that rents the apartment to the tenant and handles payment in an otherwise largely offline and fragmented market of rental agents.
> Invexor Capital led a US$15.8m investment in Kauel, a Chilean developer working on solutions in industrial tech, education, and retail, to fund international expansion. Current projects include an augmented reality helmet, software to navigate the human body, and interactive 3-D software.
> Redpoint eventures made an undisclosed investment in Brazilian clothing resale marketplace Repassa. CEO Tadeu Almeida says Repassa holds onto the clothes until they are sold, but does not do the buying or selling. Repassa keeps 40% of the transaction.
> Draper Cygnus invested US$3m in Alxerion, Skyloom, and Stamm -- Argentine companies focused on the space and biotech industries. Skyloom was accelerated at UC Berkeley and Stamm at IndieBio.
> Puerto Rico’s Science, Technology and Research Trust (PRSTRT) will invest US$225k through Puerto Rican accelerator Parallel18’s follow on fund in StageBoom (Puerto Rico), BrainHi (Puerto Rico), Workep (Colombia), and Wisboo (Argentina).
> Dr. Cannabis, a Brazilian platform connecting doctors, patients and medical marijuana suppliers, raised US$750k via crowdfunding. Brazil authorized the importation of medical marijuana in 2014, and less than 5,000 patients have registered for use so far.