BAI Capital, GGV and GIC led a USD50m round for Stori, a Mexico-based credit card issuer for the underbanked, at a reported USD1.2 valuation, with follow-on from Lightspeed, General Catalyst, Vision Plus Capital, Goodwater Capital and Tresalia Capital. Stori also secured USD100m in debt financing. Stori raised a USD125m Series… Read More
Axxon Group agreed to invest BRL150m (~USD28m) in Alper Seguros, a Brazil-listed insurance company specializing in corporate risk, bringing its stake in the company to 8%. Read more… Read More
Nasdaq-listed SPAC Alpha Capital has agreed to merge with Semantix, a Brazil-based integrated data software developer, at an implied equity value of ~USD1b. Investors in Semantix include Banco Bradesco-backed 2bCapital, Crescera Capital and InovaBRA. Read more… Read More
Ore Investment agreed to acquire a 33.3% stake in Companhia Brasileira de Lítio, a Brazil-based producer of lithium concentrates and compounds, for BRL208m (~USD40m) after winning an auctionconducted by Codemge, an investment division of the state of Minas Gerais. Read more… Read More
SWVL agreed to acquire Urbvan Mobility, a Mexico-based shared mobility platform, for a reported USD82m as part of its Latin America expansion strategy. Investors in Urbvan include Angel Ventures, DILA Capital KASZEK, Liil Ventures and Anteris Capital. Swvl listed on the Nasdaq through a SPAC merger with Queen’s Gambit Growth… Read More
Ashmore Management Company agreed to fully exit its investment in Colombia-based electricity power company Elecnorte via a sale to Grupo Energía Bogotá (GEB) for an undisclosed amount. GEB’s assets include two transmission lines covering more than 130 km combined, three substations and their connection bays. Read… Read More
Activant Capital led a USD30m round for DEUNA, a US-based e-commerce checkout platform serving Latin American markets, with participation from Valor Capital Group, Upload Ventures, Abstract Ventures and Acrew Capital. DEUNA raised a USD7m seed round in October 2021. Read more… Read More
Andorra-based private bank Andbank led a USD50m Series F extension for Brazil-based fintech Creditas with the same reported USD4.8b valuation as the USD260m Series F led by Fidelity Management in January 2022. Read more… Read More
Tenacity Venture Capital led a USD10m seed round for Kapital, a Mexican financial management platform for SMEs, with participation from Telesoft, Broom Ventures, Pioneer Fund, Soma Capital, FoundersX, Arash Ferdowsi (Dropbox) and other angel investors. Kapital also secured USD20m in debt financing. Read more… Read More
CPP Investments acquired a 19.3% stake in Colombia-based food retailer D1 for USD334m, providing an exit for Capital Group Private Markets. Read more here and here… Read More
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