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

Tags: , , , , ,

(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

Tags: , , , , , , , , , ,

(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)

Tags: , , , , , , , , , , ,

(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

Tags: , , , , , , , , , ,

(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

Tags: , , , , ,

(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

Tags: , , , , , , ,

(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

Tags: , , ,

(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

Velum Ventures Invests in Argentina’s Colppy (en español)

Tags: , , , , , , , ,

(Pulso Social) Wayra Argentina participant and startup Colppy, which allows independent business store and register its sales, accounting and inventory and banking via cloud, received an investment from Colombia-based Velum Ventures. Read more

IguanaFix Receives R$12m from Riverwood Capital (em português)

Tags: , , , ,

(Baguete) IguanaFix, the online platform for on-demand renovations and construction, received a new investment round of R$12m from Riverwood Capital and others. Read more

NXTP Labs Selects 12 Startups for Fintech Accelerator Program (en español)

Tags: , , , , , ,

(Pulso Social) NXTP Labs, early stage Latin American fund, launched its first Fintech accelerator program, with 12 startups selected from Argentina, Chile, Ecuador and Uruguay. Read more