IFC has committed USD100m to Cerberus Emerging Market Special Situations Fund. The vehicle, which is managed by Cerberus Capital Management, will invest in credit opportunities in emerging markets, primarily targeting stressed/distressed companies in Latin America and the Caribbean. Read more… Read More
dLocal, a Uruguay-based, cross-border payment platform backed by General Atlantic, has raised ~USD617m in its NYSE listing. Read more… Read More
ACON Investments, through its Latin America Opportunities Fund V, alongside DEG, FMO and Proparco, has acquired Vitalis Group, a manufacturer and wholesaler of generic injectable pharmaceuticals with production facilities in Colombia and Mexico. Read more… Read More
Belvo, a Mexican fintech providing a financial services API for mobile applications, raised a USD43m Series A from Future Positive, Kibo Ventures, FJ Labs, Sebastián Mejía (Rappi) and Harsh Sinha (Transferwise), with follow-on from MAYA Capital, KASZEK, Venture Friends and David Veléz (Nubank). Read more… Read More
GGV led a USD65m Series B for Frubana, a Colombia-based B2B fresh produce platform for restaurants and small retailers, with participation from Lightspeed Venture Partners and follow-on from monashees, Tiger Global and SoftBank. Read more… Read More
SoftBank Latin America and an undisclosed growth equity firm led a USD86m Series B for Ecuadorian payments platform Kushki, with follow-on from DILA Capital, KASZEK, Clocktower Ventures and Magma Partners, at a reported ~USD600m valuation. Read more… Read More
Darby International Capital has made an undisclosed investment in Peru-based healthcare operations provider IBT Health. Read more… Read More
Ribbit Capital led a USD300m Series E for Brazilian proptech QuintoAndar, with participation from SoftBank LatAm Innovation Fund, LTS, Maverik, Alta Park, KASZEK, Dragoneer, Kevin Efrusy (Accel) and an undisclosed US-based asset manager, at a reported USD4b valuation. Read more… Read More
Ribbit Capital led a USD300m Series E for Brazilian proptech QuintoAndar, with participation from SoftBank LatAm Innovation Fund, LTS, Maverik, Alta Park, KASZEK, Dragoneer, Kevin Efrusy (Accel) and an undisclosed US-based asset manager, at a reported USD4b valuation. Read more… Read More
General Catalyst, DST Global and monashees have invested USD30m in Clara, a Mexico-based startup offering corporate expense management and credit cards for Mexican startups, at a reported USD130m valuation. Clara also secured a USD50m debt facility from an undisclosed investor as part of the round. Read more… Read More
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