D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D for Mexico-based car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global and Greenoaks Capital led an undisclosed round in October 2020. Read more… Read More
QED Investors led a USD12m Series A for Nuvocargo, a Mexico-based digital logistics platform for cross-border trade, with participation from David Velez (Nubank), Michael Ronen (SoftBank), FJ Labs, Clocktower, Karim Atiyeh (Ramp), Raymond Tonsing (Caffeinated Capital), Satya Patel (Homebrew) and Sebastian Castro (Kushki). Existing investors NFX, ALLVP, Magma… Read More
Aqua Capital’s AgroGalaxy, a holding company bringing together Aqua Capital’s agribusinesses, has acquired the remaining 30% stake in Brazil-based Sementes Campeã for BRL12.3m (~USD2.2m), after acquiring a 70% stake in 2019. AgroGalaxy also acquired Brazil-based Boa Vista for BRL41.3m (~USD7.3m). Read more… Read More
KKR has agreed to acquire a 20% stake in Sempra Infrastructure Partners, the new business platform of US-based energy infrastructure company Sempra Energy, for USD3.37b. Under the terms of the deal, KKR will acquire Sempra Energy’s indirect interest in IEnova, Sempra Energy’s subsidiary in Mexico. Read more… Read More
Ribbit Capital led a USD26.7m Series A for Cora, a Brazil-based digital lender for SMEs, with participation from KASZEK, QED Investors and Greenoaks Capital. Read more… Read More
Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4 from Petrobras and Wobben. Read more… Read More
Aqua Capital has acquired Brazil-based agricultural machinery reseller Rech Tratores for ~BRL100m (~USD17.5m). Read more… Read More
Alkeon Capital led a USD150m round for Uruguay-based payment processor dLocal, with participation from BOND, D1 Capital Partners and Tiger Global Management, at a USD5b valuation. Read more… Read More
Mountain Nazca led a USD2.4m pre-seed round for Meru, a Mexico-based B2B marketplace for Asian products, with participation from Ricardo Weder (Jüsto), Roger Laughlin (Kavak) and David Geisen (Mercado Libre). Read more… Read More
The LAVCA 2021 Industry Data & Analysis includes data and insights on fundraising, investment and exit activity from the full year in 2020. Member access includes: LAVCA Analysis: A summary of key trends and y-o-y comparisons, including eight-year trends on fundraising, investment and exits, plus highlighted deals and a breakdown of… Read More
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