Latin American Private Capital Update - May 4, 2021 Latin American Private Capital Update May 4, 
May 4, 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

CPP Investments & AIMCo to Invest in IG4-Backed Iguá...

Venture Capital News
Venture Capital News

Valor, monashees & Balderton in USD160m Round in Merama

Real Asset News
Real Assets News

Brookfield & Itausa Acquire 10% of NTS for BRL1.8b...


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 Record 2020 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.



Structuring for Exit event

LAVCAEMPEAAdobe Capital and IDB Lab
will host a webcast on Wednesday, May 26 on Structuring 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.

Grounded in LAVCA data and interviews with 30 active investors, the report outlines how both traditional commercial and impact investors have utilized deal structuring mechanisms to expand the range of investible opportunities, meet impact goals, achieve downside protection and realize stellar returns.

STAY TUNED for more information about the event. 


Latest Industry News

Private Equity News
Private Equity News

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

CarVal Investors Invests USD150m in Distressed Debt for Viva Aerobus

(Viva Aerobus) CarVal Investors has invested USD150m in distressed debt for Viva Aerobus, a Mexican low-cost airline. Read more

Discovery Americas Completes Undisclosed Investment in KidZania

(Press Release) Discovery Americas has invested in  KidZania, a Mexico-based global edutainment company. The amount of the transaction was undisclosed. Read more

Kinea Invests BRL300m in Brazilian Pet Store Chain Cobasi (em português)

(Brazil Journal) Kinea Investimentos has invested BRL300m (~USD54.3m) for a minority stake in Brazil-based pet store chain Cobasi. Read more

Nexus Chile Acquires 100% Stake in Colmena Salud (en español)

(La Tercera) Nexus Chile, a firm backed by US-based private equity fund Nexus Partners, has acquired a 100% stake in Colmena Salud group for an undisclosed amount. Read more

Venture Capital News Venture Capital News

Valor Capital Group, monashees and Balderton Capital Lead USD160m Round for Merama

(Press Release) Valor Capital Group, monashees and UK-based VC Balderton Capital led a USD60m equity and USD100m debt round for Merama, a Mexico- and Brazil-based startup seeking to acquire stakes in Latin American e-commerce businesses and support their international expansion, with participation from TriplePoint Capital and angel investors from Ualá, Loggi, Rappi and MadeiraMadeira. Read more

Baillie Gifford Leads USD100m Series D Extension for Brazilian Proptech Loft

(TechCrunch) Baillie Gifford led a USD100m Series D extension for Brazilian proptech Loft, with participation from Flight Deck and angel investors from Better, GoPuff, Instacart, Kavak and Sweetgreen, and follow-on from Tarsadia Capital and Caffeinated Capital, at a reported USD2.9b valuation. Read more

GIC Leads BRL300m Series C for Brazilian Digital Brokerage Warren

(Press Release) GIC led a BRL300m Series C in Brazilian digital brokerage Warren, with follow-on from KASZEK, MELI Fund, Ribbit Capital, Chromo Invest, QED Investors and Quartz. Read more

TMT Investments and Copernion Capital Partners Lead USD22m Series A for Colombian Foodtech Muncher (en español)

(Forbes) TMT Investments and Copernion Capital Partners led a USD22m Series A for Muncher, a Colombian foodtech re-using trade containers in Colombia, Peru and Mexico to set up dark kitchens, with participation from Amador Holdings, MGM Innova Capital and Femsa Ventures. Read more

Colombian Credit Platform Avista Secures USD20m Credit Line from Accial Capital

(Press Release) Colombian credit placement platform Avista secured a USD20m credit line from Accial Capital. Avista provides credit lines products to under-banked Colombians pensioners and government employees. Read more

Aurea Ventures Purchases USD7.5m Stake and Chile Country Rights for US-Based Marketplace HUMBL

(Press Release) Chilean multifamily office Aurea Ventures purchased a USD7.5m stake in Humbl, a US-based real estate marketplace and payment developer platform, and acquired the company’s country rights to operate in Chile. Read more

FCP Innovación Invests USD6m in Colombian Solar Energy Startup Erco Energía (en español)

(Forbes) FCP Innovacion, the investment arm of Ventures EPM, invested USD6m in Erco Energía, a Colombian startup developing infrastructure for electric vehicle charging and solar energy storage facilities, with participation from family office InverA&M. Read more

FJ Labs and Alex Oxenford Invest USD3.5m in Brazilian Data Privacy and Storage Platform DRIC (em português)

(Startupi) FJ Labs and Alec Oxenford (letgo) invested USD3.5m in DRIC, a Brazilian data privacy and storage platform. Read more

Genesis Ventures, Fundación Chile’s CLIN and SVG Ventures Lead USD2.8m Round for Chilean Agtech Instacrops

(LatamList) Genesis Ventures, Fundacion Chile’s CLIN and SVG Ventures led a USD2.8m round for Instacrops, a Chilean sensor-based crop monitoring platform. Read more

Sancor Seguros Leads USD2m Series A for Argentine Agtech Agree (en español)

(La Nación) Argentine insurance conglomerate Sancor Seguros led a USD2m Series A for Agree, an Argentine agriculture supply chain management platform. Read more

Accel Leads USD2.7m Round For Mexican Lending Platform Atrato (en español)

(Forbes) Accel led a USD2.7m round in Atrato, a Mexican lending platform enabling installment payments for retail brands and SMEs, with participation from Martin Schrimpff (PayU) and Bill Clerico (WePay). Read more

Active Capital Leads USD2.5m Seed Round For Mexican Lending Platform Graviti

(Crunchbase) Active Capital led a USD2.5m seed round for Graviti, a Mexican lending platform enabling installment payments for underbanked consumers seeking to purchase home appliances, with participation from Mucker Capital, Clocktower Technology Ventures and angels Kevin Patrick Mahaffey (Lookout) and Matt Brezina (Sincerely). Read more

Real Asset News Real Assets News

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

KKR Acquires 20% Stake in Sempra Infrastructure Partners for USD3.4b

(Press Release) KKR has acquired a 20% stake in Sempra Infrastructure Partners for USD3.4b, which includes an indirect 100% controlling stake in IEnova (Infraestructura Energética Nova). Read more

LarrainVial and Ingevec Invest USD200m Debt and Equity to Develop Seven Apartment Towers (en español)

(Press Release) LarrainVial and Ingevec will invest USD200m of debt and equity to develop seven apartment towers in Chile: three in La Florida, three in Santiago and one in Ñuñoa. Read more

AIMCo Increases Stake in Digital Colony-Backed Highline do Brasil from 10.2% to 20%

(Dgtl Infra) Alberta Investment Management Corporation (AIMCo) has announced it will increase its stake in Digital Colony-backed Highline do Brasil from 10.2% to 20%. Digital Colony acquired the company from Patria Investimentos in 2019. Read more

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