Uruguay’s Tokai Ventures Celebrates First Exit: Micropagos

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(Pulso Social)There’s some especially good news coming out of the Uruguayan entrepreneurial ecosystem today. Micropagos, a provider of B2B mobile financial services, has reached the milestone of having nearly 20% of Uruguay’s population on its platform. Moreover, it has been acquired by IN Switch, a provider of mobile added value solutions with a presence in over 15 countries all over the globe. Read more

Darby Private Equity Invests in Latin America-based Grupo Bioerix

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(peHUB) Darby Private Equity, the private equity unit of Franklin Templeton Investments, said Tuesday that it has made an investment in Grupo Bioerix. No financial terms were disclosed. Bioerix is a supplier of pharmaceutical and medical products to the healthcare industry in Uruguay and the region. Read more

Brookfield’s Fifth Timberlands Fund Raises US$1b

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(peHUB) Brookfield Asset Management said that its most recent Timberlands Funds raised $1 billion. The target for Brookfield Timberlands Fund V L.P. was $750 million and investors include sovereign wealth funds, public and private pension plans and insurers. Brookfield also committed US$250 million to the Fund. Read more

Israel seeks to fund Technology Projects and Startups in Brazil, Argentina and Uruguay (en español)

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(Pulso Social) Matimop is the Israeli center for I + D Industrial, an organization aimed at the formation of bilateral cooperation in innovation & development around the globe to close financing arrangements and reach new markets. Read more

UCG Investments Launches New Latin American Private Equity Fund

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(UCG Investments) July 3rd, 2012 – UCG Investments (“UCGI”), an investment management firm operating from London, Montevideo and Lima which manages over US$750M of real assets in Latin America, announces the first close of its latest private equity fund, Cypanga Latin American Opportunities. Read more

Entrepreneur Profile: An Interview with Rafael Atijas, The Loog Guitar

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Entrepreneur Profile: An Interview with Rafael Atijas, The Loog Guitar

LAVCA recently spoke with Rafael Atijas, Founder and CEO of The Loog Guitar about how a lot of passion and a little crowdfunding helped him launch a global business. Read more

Uruguay-based Scanntech Receives US$10M from Sequoia Capital (en español)

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(El Observador) December 12, 2011 – Scanntech, a Uruguay-based company that provides SaaS solutions for small retailers, received a US$10M capital injection from Sequoia Capital. Read more

Bow Private Equity Announces Operations in Argentina

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(Bow Private Equity Investors) September 2011 – Bow private equity investors (Bow) announced the start of its operations in Argentina. Bow is an independent private equity firm focused on investments in small to medium size companies, targeting investments of up to USD$20M. Read more

Entrepreneur Profile: An Interview with Raul Polakof, Scanntech

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Entrepreneur Profile: An Interview with Raul Polakof, Scanntech

Uruguay-based entrepreneur, Raul Polakof, CEO of Scanntech, discusses the challenges and opportunities of building a business in a small market and how his company survived a financial crisis and the brink of bankruptcy. Read more

Prosperitas Capital Invests in Uruguay-based Start-up

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(Prosperitas Capital Partners) March 4, 2011 –Prosperitas Capital Partners, through its venture capital fund, Fondo Emprender, announced an investment of approximately US$500,000 in PedidosYa!, Read more