> Goldman Sachs Asset Management led a USD23m Series D extension for Brazilian e-commerce platform olist, with participation from Redpoint eventures.
- SoftBank Latin America Fund led the BRL310m Series D in 2020 and a BRL190m round in 2019.
- READ LAVCA’s interview with olist Founder and CEO Tiago Dalvi.
> ALLVP and Mountain Nazca led a USD20m seed round for Wonder Brands, a Mexico City-based e-commerce holding company looking to acquire independent brands currently selling in platforms such as Amazon and Mercado Libre, with participation from GFC, QED Investors and angels from Cornershop, Fair Play and Guiabolso. Wonder Brands was founded by Groupon alum Federico Malek and Goldman Sachs alum Nicolás González Luna.
- Co-Founder Federico Malek on Wonder Brands’ capital allocation strategy and markets of interest: “Our model is capital intensive because it relies on inorganic growth through M&A transactions, and not because we are burning cash to scale our companies. In fact, our portfolio companies all have positive EBITDA but are somehow constrained on cash for working capital as they are experiencing very high growth rates. We are looking for companies with great products in categories with high fragmentation and gross margins such as Sports & Fitness, Health & Beauty, Home & Garden, Pets, Babies and Fashion.”
> #HEALTHTECH Valor Capital Group led a USD20m Series B for Beep Saúde, a Brazilian at-home laboratory test and home care platform, with participation from Bradesco, Endeavor Catalyst and David Velez (Nubank), and follow-on from DNA Capital.
- DNA Capital invested BRL5m in 2019.
> QED Investors led a USD15m Series B for Hash, a Brazilian payment services provider for companies and SMEs, with follow-on from KASZEK and Canary.
- KASZEK and Canary invested BRL13m in 2019.
> QED Investors led a USD12m Series A for Nuvocargo, a Mexican freight transportation marketplace managing Mexico-US routes, with participation from FJ Labs, Clocktower, David Velez (Nubank), Michael Ronen (SoftBank), Karim Atiyeh (Ramp), Raymond Tonsing (Caffeinated Capital), Satya Patel (Homebrew) and Sebastian Castro (Kushki), and follow-on from ALLVP, MAYA Capital, Magma Partners, One Way Ventures and Ride Ventures.
- ALLVP and NFX led a USD5.3m seed round in 2020.
> Stone led an undisclosed Series B for vhsys, a Brazilian financial and sales management platform for SMEs.
- This is Stone’s first known investment activity after acquiring Linx in 2020 for BRL6.7b.
> #CVC Mexican VC Talipot Holdings led a USD7m Series A for Chazki, a Peruvian urban delivery platform, with participation from Chilean retailer Grupo Falabella.
> Cometa (formerly Variv Capital) led a USD5m seed round for Simetrik, a Colombian B2B platform for automatic financial reconciliation , with follow-on from monashees, Global Founders Capital, Mercado Libre and Y Combinator.
- monashees led an undisclosed round in 2019.
> KASZEK led a BRL16m seed round for Zapt, a Brazilian social commerce platform for group buying, with participation from General Catalyst, Y Combinator, Simon Last (Notion), Pierpaolo Barbieri (Ualá) and Daniel Correa (Kapitalo).
> Google for Startups Brasil selected eight new companies to join its Black Founders Fund:
- AfroSaúde, a healhtech solutions platform for the afro-descendente community
- Certdox, a credit approval optimization platform
- Diaspora.Black, a travel platform focused on afro-descendente culture
- Gestar, a maternity healthtech platform
- Inventivos, an edtech platform for creatives
- Prol Educa, an edtech platform focused on increasing private education accessibility
- Trakto, a digital marketing platform
- UnicaInstancia, a legaltech platform focused on conflict resolution between end consumers and utility companies
- In 2020, Google for Startups launched the Brazilian Black Founders Fund, a BRL5m investment fund to finance 30 early-stage startups founded and run by afro-descendente entrepreneurs in Brazil.
> Positive Ventures acquired Brazilian neobank C6’s stake in Provi, a Brazilian financing platform for educational courses.
- Global Founders Capital led a USD1.3m seed round for Provi in 2019.
> #HEALTHTECH MatterScale Ventures and Kayyak Ventures led a USD3m pre-Series A for 1DOC3, a Colombian pre-diagnosis telemedicine platform.
- TheVentureCity led a USD2m seed investment in 2018.
- During the onset of the C19 crisis, 1DOC3 launched an AI-assisted C19 risk assessment test donated to the Colombian government and partnered with Telefónica to provide virtual medical consultations to their workforce.
- 1DOC3 participated in LAVCA’s 2021 Healthtech Startup Survey.
> Homebrew led a USD3m seed round for Nelo, a Mexico-based B2B zero-interest installment loan platform, with participation from Susa Ventures, Crossbeam, Rogue Capital and Unpopular Ventures. Nelo was founded by former Uber alumni Kyle Miller and Stephen Hebson.
> Kayak, Fen Ventures and family offices Olivo Capital and Nazar invested USD2.5m in Migrante, a Chilean consumer credit platform.
> Confrapar led a USD2m Series A for Flapper, a Brazilian on-demand private aviation platform, with participation from equity crowdfunding SMU and angel investor network Investidores.VC.
> #AGTECH #CVC Barn Investimentos, SP Ventures, Continental Grain Company and Provence Capital invested USD1.8m in Agrolend, a Brazilian unsecured credit platform for small crop farmers.
> Genesis Ventures led a USD1.4m seed round for Mudango, a Chilean logistics platform for residential and office relocations, with participation from FEN Ventures and Kalei Ventures.
> DOMO Invest invested BRL8m in Ramper, a Brazilian B2B sales prospecting platform, with follow-on from Smart Money Ventures.
> #CROSSBORDER Tolaram Fintech, a Singapore-based communications and consumer goods conglomerate, invested BRL5.5m in ClickCash, a Brazilian personal credit platform.
> #CRYPTO Draper Cygnus led a USD1m seed round for Lemon Cash, an Argentine crypto banking platform, with participation from Draper University Ventures and Tim Draper.
> Let’s Code, a Brazilian software developer training platform for multinationals, raised a BRL5m round from QMS Capital, the investment firm of former Credit Suisse senior executive Marcelo Kayath, and Cafonau, the investment arm of the Brazilian textile and shopping center holding company Jereissati Group.
> #HEALTHTECH IBD, Alexia Ventures, Norte Ventures and MG Tech Invest led a BRL3.2m round for NeuralMed, a Brazilian medical record analysis platform for hospitals.
> Ehtua Capital and Acrux Capital invested BRL3m in Manusis 4.0, a Brazilian industrial asset management platform.
> #INSURTECH DOMO Invest led a BRL1.5m round for Mutuus, a Brazilian digital insurance broker.
> Rupee, a Brazilian tax, accounting and payroll platform for SMEs, raised BRL1.5m from undisclosed investors.
> Elifegroup invested BRL1.4m in Fatura Simples, a Brazilian billing and invoice automation platform for SMEs.
> Bossa Nova Investimentos, Poli Angels and Esdanio Pereira (Randon) invested BRL1m in Certus Software, a Brazilian receivables prepayment platform for SMEs leveraging PIX, the Brazilian Central Bank’s new instant payment platform.
> #PROPTECH US-based Village Capital made an undisclosed investment in Houm, a Chilean unsecured leasing platform for residential properties.
> #HEALTHTECH TheVentureCity invested USD100k in Condofy, a Brazilian condo management platform for landlords and homeowners.
> #CROWDFUNDING GAV, a car share rental platform that pivoted to a peer-to-peer rental and fleet management platform, raised BRL750k through equity crowdfunding platform CapTable.
> #ANGEL GV Angels invested BRL2m in DragApp, a Brazilian workflow management platform for distributed teams.
> #ANGEL FinMatch, a Brazilian credit platform for microentrepreneurs working in the beauty industry, raised BRL250k from undisclosed angels.