Latin American Private Capital Update - May 18, 2021 Latin American Private Capital Update May 18, 
May 18, 2021
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LAVCA Private Capital Update
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.

Latest Industry Headlines

Private Equity News
Private Equity News

Riverwood Leads USD21m Round for Sensedia...

Venture Capital News
Venture Capital News

Tiger Global & Coatue Lead USD250m Series C for Bitso...

Real Asset News
Real Assets News

OTPP to Acquire Brazilian Evoltz From TPG...



Structuring for Exit event

LAVCAEMPEAAdobe Capital and IDB Lab
will host a webcast on Wednesday, May 26Structuring for Exit: New approaches for Private Capital in Latin America and Beyond at FLII@Home

The webcast will discuss findings from the EMPEA | LAVCA Structuring for Exit report, a deep dive analysis of innovative financing approaches used by investors in Latin America and other global markets to generate liquidity in challenging exit environments.

Panelists include:
> Andrés Albán, CEO, Puntored
> Marcial del Castillo, Puntored
> Lado Chelidze, Founder and Business Owner, Dr. Rodgers
> Paula Giraldo, Investment Officer, Adobe Capital
> Giorgi Jobava, Senior Investment Officer, Gazelle Finance
> Sabrina Katz, Manager of Research, EMPEA
> Emanuel Hernández, Research Analyst, LAVCA

REGISTER here.  

LAVCA members receive a special discount for FLII@HOME. Login and access code here. Email Catalina Santos at for assistance.


ACCESS: 2021 Review of Tech Investment in Latin America

 VC tech report 2021

LAVCA’s 2021 Review of Tech Investment in Latin America breaks down 2020 VC investment data, top deals, highlighted transactions, sector and country trends and most active investors, as well as key transactions and investment trends taking shape thus far in 2021.

KEY TAKEAWAYS Latin American VC demonstrated profound resilience throughout 2020 with increased collaborative investing between local and global fund managers.

🚀 VC INVESTMENT for the region surpassed USD4b for the second consecutive year with a record 488 transactions.
💸 TOP SECTORS Fintech remained a dominant sector in 2020, followed by e-commerce and proptech. Healthtech and edtech also gained important traction throughout the pandemic (see LAVCA's recent healthtech and edtech startup surveys).
🔥 EARLY-STAGE 2020 record for total early-stage capital invested in Argentina, Brazil, Colombia and Mexico.
✔️ DIVERSITY-FOCUSED VEHICLES emerged including Microsoft’s WE Ventures, Google for Startups’ Black Founders Fund & Nubank’s Semente Preta.

DOWNLOAD the report and data pack. Use your existing login or create a login here. Email Catalina Santos at for assistance.


Latest Industry News

Private Equity News
Private Equity News

Riverwood Capital Leads USD21m Round for Brazilian API Management Platform Sensedia

(Press Release) Riverwood Capital led a USD21m growth round for Brazil-based API management platform Sensedia. Read more

LIV Capital SPAC to Merge with Nexxus Capital-Backed AgileThought

(Press Release) LIV Capital SPAC has agreed to merge with Nexxus Capital-backed AgileThought. The transaction is subject to approval and expected to close in the third quarter of 2021. Read more

Riverwood Capital Invests in SUMA

(Press Release) Riverwood Capital made an undisclosed follow-on investment in SUMA, a financial management automation platform for SMEs in Latin America. Read more

The Carlyle Group Signs Partnership With SPX Capital (em português)

(Valor Econômico) The Carlyle Group and SPX Capital have signed a MOU according to which the local operations and some team members of The Carlyle Group will be transferred to SPX. Under the agreement, Carlyle will continue as the GP of the Carlyle South America Buyout Fund, but it will have a consultancy agreement with SPX. Read more

CPP Investments and AIMCo to Invest BRL1.7b & BRL500m in IG4-Backed Iguá Saneamento

(Press Release) Existing investors CPP Investments and Alberta Investment Management Corporation (AIMCo) have agreed to invest an additional BRL1.7b (~USD318m) and BRL500m (~USD93m), respectively, in Iguá Saneamento, a Brazil-based water and sewage service holding company backed by IG4 Capital, to fund a new concession. Read more

SoftBank to Invest BRL822m in Afya

(Press Release) SoftBank, through its SoftBank Latin America Fund, has agreed to invest BRL822m (USD150m) in Brazil-based medical education group Afya through the purchase of convertible preferred shares. Existing backers Crescera Capital and the Esteves Family have also agreed to sell ~2.2 million common shares to SoftBank. Read more

Crescera Capital SPAC to Raise USD200m

(Renaissance Capital) Crescera Capital Acquisition, a SPAC formed by Crescera Capital targeting businesses in Latin America, has filed to raise up to USD200m in an IPO on the Nasdaq. Read more

Venture Capital News Venture Capital News

Tiger Global and Coatue Lead USD250m Series C for Mexican Crypto Exchange Bitso

(Crunchbase) Tiger Global and Coatue led a USD250m Series C for Mexican crypto exchange Bitso, with participation from Valor Capital Group, BOND and Paradigm, and follow-on from KASZEK, QED Investors and Pantera Capital, at a reported USD2.2b valuation. Read more

Crescera Exits Bling Via Sale to Locaweb for BRL524m

(Press Release) Crescera Capital exited Bling, a Brazilian ERP platform for e-commerce retailers, through a BRL524m sale to Locaweb, a Brazilian web services hosting platform. Read more

Coatue Leads USD190m Series B for Brazilian Payments Platform CloudWalk

(Press Release) Coatue led a USD190m Series B for CloudWalk, a Brazilian POS and blockchain-based payments platform for entrepreneurs and SMEs, with participation from DST Global and follow-on from Valor Capital Group, FIS and The Hive Brazil. Read more

Valor Capital Group Leads BRL135m Round for Brazilian Crypto Platform Hashdex

(Bloomberg) Valor Capital Group led a BRL135m round for Hashdex, a Brazilian crypto investment and management platform, with participation from SoftBank, Igah Ventures, Globo Ventures, Canary and Coinbase Ventures. Read more

Atlantico Leads BRL110m Series B for Brazilian Skincare E-Commerce Sallve (em português)

(Brazil Journal) Atlantico led a BRL110m Series B for Sallve, a Brazilian skincare e-commerce platform, with participation from Quartz, Endeavor Catalyst and Red Swan, and follow-on from KASZEK, Astella Investimentos, Canary and Waldencast Ventures. Canary invested previously in 2019. Read more

Accial Capital Leads USD35m Round for Brazilian Lending Platform a55 (em português)

(NeoFeed) Accial Capital led a USD35m round for a55, a Brazilian revenue-based lender focused on SMEs in Brazil and Mexico, with follow-on from E3 Negocios and Mouro Capital (formerly Santander Innoventures). Read more

Inovabra Ventures Leads BRL45m Round for Brazilian ERP Developer Sky.One (em português)

(Startupi) Bradesco’s Inovabra Ventures led a BRL45m round for Sky.One, a Brazilian ERP software developer and cloud service consultancy. Read more

monashees and Index Ventures Lead USD9m Seed Round for Argentine Fintech Pomelo

(TechCrunch) monashees and Index Ventures led a USD9m seed round for Pomelo, an Argentine payments infrastructure platform that will enable fintechs to fast-track the launch of prepaid and credit cards, with participation from QED Investors, SciFi, Latitud, Future Positive, 20VC, Addition, FJ Labs and a16z, and angels from Marqeta, Rappi, Auth0, Kavak, Loft and RecargaPay. Read more

Canary, Dragoneer and Rainfall Ventures Lead USD8m Seed Round for Brazilian Insurtech 180 Seguros

(Press Release) Canary, Dragoneer Investment Group and Rainfall Ventures led a USD8m seed round for 180 Seguros, a Brazilian developer of embedded consumer insurance products, with participation from 8VC, Quartz and Norte Ventures. Read more

Union Square Ventures Leads USD5.5m Series A for Brazilian Neobank

(TechCrunch) Union Square Ventures led a USD5.5m Series A for, a Brazilian impact-driven neobank developing a financial management app that can be used by the illiterate. Read more

SP Ventures Invests BRL13.5m in Brazilian Agtech SoluBio (em português)

(Startupi) SP Ventures, through its Brazil Venture Debt Fund, invested BRL13.5m in debt financing in SoluBio, a Brazilian agtech enabling in-farm production of pesticides. SP Ventures launched its BRL140m Brazil Venture Debt Fund in 2019 with a commitment from BNDES.  Read more

Real Asset News Real Assets News

OTPP to Acquire Brazilian Electricity Transmission Platform Evoltz From TPG

(OTTP) Ontario Teachers’ Pension Plan (OTTP) has agreed to acquire a 100% interest in Brazil-based electricity transmission platform Evoltz from TPG for an undisclosed amount. Read more

Vinci Partners to Partner with Chrimata for Agribusiness Investments in Brazil

(Seeking Alpha) Vinci Partners has announced a joint venture with investment company Chrimata to target agribusiness investments in Brazil. Read more

Brookfield and Itausa Acquire 10% of NTS from Petrobras for BRL1.8b

(Reuters) Brookfield and Itausa have acquired the remaining 10% of Nova Transportadora do Sudeste (NTS) gas pipeline from Brazil’s state-owned oil company Petrobras for BRL1.8b. Brookfield’s fund now will own 100% of NTS. Read more

Apollo Invests USD38m in Private Placement for Panama City’s Metro

(Latin Finance) Apollo Global has invested USD38m in a private placement to fund an extension of the Line 2 of the rapid transit metro system in Panama City. Read more

Ashmore Invests in Electribus Bogotá (en español)

(LexLatin) Ashmore Group has invested an undisclosed amount in Electribus Bogotá, a project that seeks to finance the purchase of 13 50-passenger electric buses and 246 80-passenger electric buses. Read more

Blue Like an Orange Invests BRL106m Debt in Brazilian Solar Energy Solutions Company Órigo Energia

(Press Release) Blue Like an Orange has provided BRL106m (~USD12m) in mezzanine financing to Órigo Energia, a Brazil-based solar energy solutions company serving SMEs and households. Read more

LAVCA & Industry Events
Global Private Equity Conference
Hosted by EMPEA & IFC | May 17-20, 2021 | Virtual

Structuring for Exit: New Approaches for Private Capital in LatAm
Hosted by LAVCA, EMPEA, Adobe Capital, IDB LAB | May 26, 2021 | Virtual

Hosted by FLII & NV Group | May 24-28, 2021 | Virtual

Fórum de Investimentos Sustentáveis
Hosted by ABVCAP & ApexBrasil | May 25-27, 2021 | Virtual

Responsible Business 2021
Hosted by Reuters | June 1-3, 2021 | Virtual

Perú Venture Capital Conference
Hosted by PECAP | June 22-24, 2021 | Virtual

SuperReturn Emerging Markets
Hosted by SuperReturns Global Series | June 22-24, 2021 | Virtual

Hosted by LAVCA | September 20-23, 2021 | Virtual 

LAVCA Members receive a discount on select events. For information, contact Catalina Santos.

The Association for Private Capital
Investment in Latin America
589 8th Avenue, 18th Floor
New York, NY 10018

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