monashees and CRV Leads USD6.7m Pre-seed for Brazil’s Latú
monashees and CRV led a USD6.7m pre-seed for Latú, a Brazil-based provider of business insurance, with participation from ONEVC, Latitud and SVAngels. Read more… Read More
monashees and CRV led a USD6.7m pre-seed for Latú, a Brazil-based provider of business insurance, with participation from ONEVC, Latitud and SVAngels. Read more… Read More
StepStone Group invested USD80m in Valor Capital Group’s Valor Venture Fund II through a partial fund restructuring. The fund’s portfolio is reportedly valued at USD470m. Read more… Read More
BTG Pactual agreed to invest in Brazil-based agtech Aliare and edtech Gran Cursos Online through its impacting investing fund. The investment commitments together represent 43% of corpus of the fund, which reached a BRL542m (~USD109m) final close in July 2021. Read more… Read More
Alloy Capital provided a MXN290m (~USD14m) structured loan for Auronix, a Mexico-based CRM platform operating through instant messaging channels. Read more… Read More
XP Investments through its Infra IV fund acquired airports located in Brazil’s Campo de Marte and Jacarepagua for BRL141.4m (~USD27.3m). Read more… Read More
Algorand led a USD22m Series A for Koibanx, an Argentina-based blockchain-based fintech offering cash management and investment services for SMEs, with participation from Kalonia Venture Partners, Innogen Capital, Borderless Capital and G2 Momentum Capital, and angels Diego Gutierrez Zaldivar (IOV Labs) and Silvio Micali (Algorand). G2 Momentum Capital invested in… Read More
Atlantico, MAYA Capital and Andreessen Horowitz led a USD7.5m seed round for Fudo, a Brazilian POS and restaurant management platform, with participation from Collaborative Fund, Goodwater and Latitud. Read more… Read More
Prosus Ventures acquired a 33.3% stake in Brazil-based last-mile delivery platform iFood from Just Eat for ~USD1.5b in cash and an additional USD300m earnout. Prosus first invested in iFood through Movile in 2013. Read more… Read More
Prosus agreed to acquire the remaining 33.3% stake in iFood, a Brazil-based online food ordering platform, from Just Eat for EUR1.5bn (~USD1.5b) in cash plus a contingent consideration of up to EUR300m (~USD304m). Following the transaction, Prosus and its affiliate Movile will have full ownership of iFood. Read More
Covalto, a Mexico-based digital and banking services platform formerly known as Credijusto, agreed to list on the Nasdaq through a SPAC merger with LIV Capital Acquisition Corp. II (LIVB). The fintech’s listing accompanies USD60m in financing, including USD30m in new financing from LIVB sponsor LIV Capital. Covalto is backed by… Read More
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