Argentina-based Online LatAm Real Estate Platform Properati Raises US$2m

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(Press Release) Argentina-based Properati, the Latin American online and mobile solution for the real estate market, announced it has received a US$2m investment from Neveq II, NXTP Labs, and Telor International Limited. With this new round the company has raised a total investment of US$4.2m since it was founded in February 2013 and plans to consolidate its regional presence in Mexico and Brazil. Read more

Petrobras Sells Subsidiaries to Southern Cross Group & Pampa Energía (em português)

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(Estadão) Petrobras has sold its Chilean subsidiary to the Southern Cross Group for $490m, and its Argentine subsidiary to Pampa Energía, a power company backed by Argentine private equity firm Grupo Dolphin, for US$892m. Read more

New Argentine VC fund AR Fintech Raises US$5m (en español)

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(La Nacion) New Argentine VC fund AR Fintech has raised US$5m, the stakeholders of which include eight private banks. Read more

Brazil’s BRF Acquires Eclipse’s Campo Austral for US$85m (em português)

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(Yahoo Financas) Argentina-based Pampa Capital has sold Campo Austral, a producer of pork products, for US$85m to Brazilian food company BRF. Read more

Afluenta, the Leading Latin American Peer Lending Network, Receives US$8m from IFC and Elevar Equity to Expand in the Region

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(PRNewswire) Afluenta, the leading Latin America peer-to-peer lending network that brings together investors and creditworthy borrowers, announces today the completion of its Series B funding round from the International Finance Corporation (IFC), the private sector institution of the World Bank Group, and Elevar Equity, a leading impact venture capital firm. IFC and Elevar Equity are investing US$4m each. Read more

Despegar.com to Land on Wall Street in 2016 (en español)

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(La Nacion) Online travel agency Despegar.com, which is backed by Tiger Global, General Atlantic and Sequoia Capital, its planning to make its IPO on the Nasdaq in late 2016/early 2017. Read more

Advent’s Grupo Biotoscana Acquires Laboratorio LKM

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(Press Release) Pharmaceutical company, Grupo Biotoscana SL in Latin America controlled by Advent International, announced it has completed the acquisition of Laboratorio LKM, a specialty pharmaceutical manufacturer based in Argentina. Read more

Social Ad Startup Funnely Raises Seed Funding From Verizon Ventures

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(TechCrunch) Funnely, a startup that helps e-commerce companies automate and improve their ad campaigns on Facebook and Instagram with operations in Argentina, has raised US$988k in a seed round led by Verizon Ventures. Read more

George Soros Puts Money on Latin America Hotels

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(WSJ) Billionaire George Soros’s investment firm has agreed to spend up to $300 million on an Argentine hotel company’s Latin America expansion, a vote of confidence in a region that has been suffering slow economic growth and waning investor interest. Read more

Avenida.com Receives US$30m Injection of Capital

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(TechCrunch) Avenida is set on cementing its leadership position Argentina’s e-commerce market after a US$30m Series C led by Naspers with participation from Tiger Global (both firms are returning investors). Read more