 Venture Capital News
SoftBank to Lead US$190m+ Investment in Brazil’s Gympass (em português)
(Valor Econômico) SoftBank will lead a US$190m (and up to US$500m) investment in Gympass, a Brazilian B2B gym membership platform with global operations, at a reported valuation of US$1.1b. Previous investors include General Atlantic, Redpoint eventures, KaszeK Ventures, Valor Capital and Atomico. Read more
Rideshare Startups Grin & Yellow Jointly Raise US$150m & Merge to Form Grow Mobility (em português)
(Valor Econômico) Grin and Yellow jointly raised US$150m and merged to form Grow Mobility in Latin America, only a few months after Grin merged with Ride in Brazil. Read more
monashees & the IFC Lead US$14.3m Investment in Colombian Logistics Platform Liftit (en español)
(Expansión) monashees and the IFC led a US$14.3m Series A in Colombian logistics platform Liftit, with participation from Jaguar Ventures, MELI Fund, NXTP Labs and others. Read more
Elephant & Peak Ventures Lead US$16m Investment in Brazil’s Mosyle
(Press Release) Elephant and Peak Ventures led a US$16m Series A investment in Mosyle, a Brazilian MDM (Mobile Device Management) software company for Apple devices. Read more
Valor & Maya Capital Lead R$11.5m Investment in Brazil’s Gupy (em português)
(Exame) Valor Capital and new VC fund Maya Capital led a R$11.5m investment in Gupy, an AI-powered recruiting platform. Canary invested previously. Read more
IGNIA Leads US$3.5m Investment in Mexico’s GoTrendier
(Press Release) IGNIA, Ataria Ventures, and Banco Sabadell led a US$3.5m investment in GoTrendier, a clothing resale marketplace founded in Mexico by Spanish entrepreneurs, to fund expansion to Colombia and Chile. Read more
DGF Investimentos Leads US$8m Investment in Brazilian Fintech Adianta (em português)
(Baguete) Adianta, a Brazilian receivables fintech for small businesses, raised US$8m from DGF Investimentos, 42K Investimentos, Chromo Investimentos, Capital Lab and previous investors Yellow Ventures and OsherTech, among others. Read more
SoftBank Plans to Launch Latam Fund with Potential to Reach US$1b+
(Bloomberg) SoftBank is preparing a Latin American fund that “could reach several billion dollars in size,” according to Bloomberg. SoftBank COO Marcelo Claure, a Bolivian, would run the new fund. Since 2018, SoftBank has invested in 99, Loggi and Gympass in the region. Read more
Acumen Latam Capital Partners Invests US$4.5m in Peruvian Edtech Startup Crehana
(Press Release) Acumen Latam Capital Partners led a US$4.5m Series A in Peruvian edtech Crehana, with participation from Dila Capital, Mountain Nazca Mexico, and previous investors including Rethink Education and Howzat Partners. Read more
Accion Venture Lab Invests in Brazilian Neobank Jeittoo
(Press Release) Accion Venture Lab made an undisclosed investment in Jeitto, a Brazilian fintech offering a mobile purchases and payments app for underserved consumers. Read more
Colombian Software Company Siigo Acquires Ilimitada (en español)
(Valora Analitiko) Siigo, a Colombian ERP software startup, acquired Ilimitada in Medellin to accelerate growth. Accel-KKR invested in Siigo in 2017. Read more
Criatec 3 Invests R$2.5m in Brazilian Software Startup Justto (em português)
(Baguete) Criatec 3, managed by Inseed Investimentos, made a R$2.5m investment in Justto, a Brazilian software startup that automates the process of negotiating legal agreements, with a focus on consumer and labor law. Read more
Itera Capital, Formerly CyC Capital, Targets MX$60m for Third Seed Fund (en español)
(El Economista) CyC Capital updated its name to Itera Capital and is raising its third seed fund, with a target of MX$60m. Read more
Naspers’ OLX Acquires Properati Brasil (em português)
(Fusões & Aquisições) OLX, a global classifieds marketplace backed by Naspers, acquired Properati Brasil. The new entity is called Casafy and is supported by a R$8m investment from European funds Telor, Morcote and others. Read more
Chile’s Purple Dental Raises US$1m from Biotech Accelerator GaneshaLab & Others (en español)
(Press Release) Chilean dental tech startup Purple Dental raised US$1m from biotech accelerator GaneshaLab, ChileGlobal Ventures and others. Purple Dental was accelerated at MassChallenge. Read more
Carao Ventures Leads US$2m Follow-on Investment in Costa Rican Biotech Startup Speratum
(Press Release) Carao Ventures led a US$2m follow-on investment in Speratum, a Costa Rican biotech focused on microRNA-directed oncology therapies primarily for pancreatic and ovarian cancers. Read more
Bossa Nova, EDP Ventures, & BMG Uptech Lead R$1.5m Round in Brazilian Delfos (em português)
(Fusões & Aquisições) EDP Ventures made its first Brazilian investment in Delfos, an intelligent maintenance platform applying AI to the energy industry, participating in a R$1.5m round with Bossa Nova Investimentos and BMG Uptech. Read more
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