DEALS
> Undisclosed investors made a US$130m investment in Rappi, a Colombian last-mile delivery service that “wants to deliver everything”:
- Existing investors include monashees+, Andreessen Horowitz, DST Global, Sequoia Capital, Redpoint eventures, Endeavor Catalyst, FJ Labs, Floodgate, ONEVC, Y Combinator, and others.
- READ LAVCA’s interview with CEO Simon Borrero.
> Rakuten Capital, TheVentureCity, Endeavor Catalyst, GAT Investments, Liil Ventures, WTI, and others made a US$160m Series E investment in Max Mobility, the parent company of Cabify and Easy, at a reported US$1.4b valuation.
> SP Ventures made a R$6m investment in Gênica, a Brazilian agtech startup developing a vaccine for a common soybean fungus, acquiring a 44% stake.
> Chromo Invest and 42K Investimentos made a R$15m investment in BizCapital, a Brazilian fintech providing credit to SMEs.
> The IFC made a US$2.5m investment in Mandaê, a Brazilian e-commerce logistics platform. New and existing investors are expected to commit additional capital.
- Existing investors include Valor Capital, Qualcomm Ventures, monashees+, and Kima Ventures.
> IGNIA Partners and Global Founders Capital led a US$2.5m investment in Brazilian pet-hosting startup DogHero, with participation from previous investors monashees+ and KaszeK Ventures.
> Brazilian family offices and existing investors made a R$3.2m investment in SupermercadoNow, a Brazilian grocery delivery startup.
> Temasek made an undisclosed investment in Clínica SIM, a private network of accessible medical clinics operating in Brazil’s northeast.
Previous investors include monashees+ and angel investors. Founder/CEO Denis Cruz talks about bringing dignity to health services:
"Se fala muito como empreendedores como agentes de disrupção. Entretanto, em um país pobre em infra-estrutura e serviços básicos como o Brasil, e principalmente no Norte e no Nordeste, os empreendedores devem estar primeiramente empenhados em criar, e não em causar disrupção. São 150 milhões de brasileiros sem planos de saúde, e 62 milhões deles moram no Norte e no Nordeste. Pra mim e para o nosso time, faz muito mais sentido trazer a dignidade de escolha em serviços de saúde para estas pessoas do que perseguir outras oportunidades."
> Anteris Capital made an undisclosed debt investment in scooter rideshare eConduce. LIV Capital is an existing investor.
> Alejandro Ponce made a US$600k investment in Bquate, a digital music distribution platform accelerated at Wayra Peru. Co-founder & CEO Yoly Avalos says LatAm is the fastest-growing market globally for digital music:
"Nosotros nos enfocamos en la industria musical independiente pero, independiente ya no significa pequeño; ya que, representa el 38% de los ingresos de la industria musical (US$15B); con lo cual, estamos hablando de una oportunidad de US$6B+.
Es clave resaltar que los ingresos derivados de streaming han experimentado un crecimiento de más del 80% en el último año. La industria musical se ha reinventado y el futuro es bastante prometedor."
> FTV Capital and Endeavor Catalyst Fund have made a US$30m investment in Brazilian payment processor EBANX.