KASZEK and Avenir Growth led a USD111m Series B for Xepelin, a Chile-based payments and lending platform for SMEs, with participation from PayPal Ventures, Endeavor Catalyst, DST Global, Wellington, Picus, Battery Ventures, MSA Novo, FJ Labs, Amarena, Gunderson, Cathay-Seaya Latam, Gilgamesh and angel Carlos Garcia (Kavak). Read More
BNDES agreed to invest up to BRL250m (~USD50m) in Lightrock’s Growth Equity Fund II Brasil. The fund will invest in health, education, renewable energy, sustainable agriculture and food, efficient mobility and transport, financial system transformation and digital infrastructure in Brazil. Read more… Read More
US-based PE Lightsmith Group led a USD60m round for Solinftec, a Brazil- and US-based farm analytics and operations management platform, with follow-on from Unbox Capital and Circularis Partners. Read more… Read More
Itaú Unibanco acquired an 11.3% stake in Brazil-based brokerage XP for BRL7.9b (~USD1.6b), with the majority of shares sold by General Atlantic, which retains a 3.3% stake. Read more… Read More
Galgo Capital, through its SPV Ancon SpA, acquired 40% of Peru-based financial services company Crece Capital via a secondary transaction for an undisclosed amount. Galgo is now the largest shareholder in the company. Read more… Read More
CDPQ agreed to acquire a portfolio of power transmission assets in Brazil, Peru and Uruguay from Terna Group for EUR265m (~USD279m). Read more… Read More
Greylock led a USD55m Series B for Inventa, a Brazil-based marketplace connecting regional wholesalers with local retailers, with participation from monashees, NXTP, ONEVC, MAYA Capital, Andreessen Horowitz, Founders Fund, Tiger Global, Pear VC, Avenir Growth and A* Capital. Read more… Read More
Tiger Global and KASZEK led a USD24m round for Minka, a Colombia-based API payment network, with follow-on from Fintech Collective. Read more… Read More
The family office of the Moreira Salles family, Lanx Capital, Gávea Investimentos and Dynamo invested BRL389m (~USD83m) in re.green, a company that aims to restore 1 million hectares of Atlantic Forest and Amazon rainforest in Brazil. Read more… Read More
Goldman Sachs Asset Management led a USD100m Series D for unico, a Brazil-based digital identity protection platform, at a reported ~USD2.6b valuation. Read more… Read More
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