DEALS
> Point72 Ventures led a US$20m investment in Contabilizei, a tax filing and accounting SaaS for Brazilian small businesses, with participation from the IFC, Quona Capital, Quadrant, the Fintech Collective, and previous investor e.Bricks.
- e.Bricks Ventures, KaszeK Ventures and Endeavor Catalyst previously invested in Contabilizei in 2016. KaszeK Ventures led the Series A in 2015. Curitiba Angels also invested previously.
- TechCrunch: Contabilizei has already audited more than R$2b in customer revenue and saved its users over R$500m in taxes. For new companies, Contabilizei will also offer free business registration and formation filings. So far, the company has helped 5,000 new businesses get their paperwork done around the country.
- Fast Company ranked Contabilizei as one of the most innovative companies in Latin America (2017).
> monashees, Mindset Ventures, and Banco Votorantim made a US$6m investment in WEEL, a Brazilian cash flow management platform. Formerly WorkCapital, WEEL was founded in 2014 and received US$8.5m in 2017 from monashees, Mindset Ventures, and FJ Labs.
> Mountain Nazca led a US$7.4m Series A investment in Albo, a Mexican digital bank, with participation from Omidyar Network and Greyhound Capital.
- Magma Partners and Eric Perez-Grovas of Jaguar Ventures invested in the 2018 seed round.
- Founder/CEO Ángel Sahagún: “Es dinero para crecer. Tenemos que hacer que más gente nos conozca.”
> Variv Capital led a US$1.8m investment in Yotepresto, a Guadalajara-based consumer lending marketplace, with participation from Redwood Ventures, Tonk Capital, and unnamed angels.
> Angel Ventures, Fondo Alerce, and CLIN invested US$1.7m in CitySense, a Chilean open platform to develop smart city solutions. Angel Ventures invested US$1.3m in 2018 through its Pacific Alliance Fund II.
> Chile Ventures invested US$200k in ZeroQ, a Chilean startup with a “smart line” customer service app for corporate clients.
> Angel Ventures Pacific Alliance Fund II participated in a US$15m investment in B2Link, a Korean B2B beauty platform, with Korean investors including Premier Partners, POSCO Capital, Delta Investment, Korea Development Bank, Cape Investment & Securities, and Kolmar Korea Holdings.
> #PE Advent International acquired a 51% stake of Prisma Medios de Pago, an Argentine payments company formed as a joint venture between Visa International and local banks. 🦄 UNICORN ALERT: The deal values Prisma at US$1.42b.
#CVC
> Krealo, Credicorp’s open innovation arm, made an undisclosed investment in Peruvian payment processor Culqi. This is Krealo’s first startup investment. Culqi CEO & co-founder says it’s the first time in Peru that a financial industry corporation has invested in a fintech:
"Esto es una muestra de cooperación en la que, la agilidad y sensibilidad de Culqi para crear productos simples y, el respaldo financiero y la llegada al mercado de las empresas del grupo Credicorp, harán que Culqi este presente en cada negocio, simplificandoles la vida."
> Cemex Ventures invested in StructionSite, an American construction modeling startup.
> Liil Ventures participated in a US$1.85m Series A investment in WhereisMyTransport, a South African integrated mobility platform launching in India and Latin America.
- Liil Ventures is also invested in Cabify and Keyo.
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