Existing investors CPP Investments and Alberta Investment Management Corporation (AIMCo) have agreed to invest an additional BRL1.7b (~USD318m) and BRL500m (~USD93m), respectively, in Igua Saneamento, a Brazil-based water and sewage service holding company backed by IG4 Capital, to fund a new concession. Read more… Read More
Valor Capital Group, monashees and Balderton Capital led a USD160m round for Mexico- and Brazil-based e-commerce platform Merama, with participation from TriplePoint Capital and the CEOs of Uala, Loggi, Rappi and MadeiraMadeira. The round comprises USD60m in seed and Series A funding and USD100m in debt. Read… Read More
GIC led a BRL300m (~USD55m) Series C for Brazil-based fintech Warren, with follow-on from Ribbit Capital, KASZEK, Chromo Invest, QED Investors, Meli Fund and Quartz. Read more… Read More
CarVal Investors has provided USD150m in financing to Mexico-based ultra low-cost airline Viva Aerobus. Read more… Read More
SoftBank, through its SoftBank Latin America Fund, has agreed to invest BRL822m (USD150m) in Brazil-based medical education group Afya through the purchase of convertible preferred shares. Existing backers Crescera Capital and the Esteves Family have also agreed to sell ~2.2 million common shares to SoftBank. Read more… Read More
Kinea Investimentos has invested BRL300m (~USD54.3m) for a minority stake in Brazil-based pet store chain Cobasi. Read more… Read More
TMT Investments and Copernion Capital Partners led a USD22m Series A for Muncher, a Colombia-based startup specialized in building, operating and renting dark kitchens, with participation from Femsa Ventures, MGM Innova Capital and Amador Holdings. Read more… Read More
Crescera Capital has exited its investment in Brazil-based enterprise resource planning SaaS Bling via a sale to Locaweb for BRL524m (~USD94.5m). Read more… Read More
Baillie Gifford led a USD100m Series D2 for Brazil-based proptech Loft, with participation from investors including Tarsadia, Flight Deck and the founders of Better, GoPuff, Instacart, Kavak and Sweetgreen. Loft raised a USD425m Series D in March 2021. Read more… Read More
Venture investment in the region topped USD4b for a second consecutive year, with a record 488 deals in 2020, record seed and early-stage investments in a number of major markets, and strong dealmaking activity spilling into Q1 2021. Collaborative investing between local and global fund managers accelerated, building on past… Read More
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