BNDESPar to Invest Up to R$600m in PE/VC Funds (em português)

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(Valor Econômico) In 2016, Brazil’s BNDESPar will commit up to R$600m across five PE/VC funds investing in logistics, energy, renewable energy, and innovation. Read more

Colombia’s Grupo Sura and Veronorte Partner to Create VC Investment Program (en español)

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(Veronorte) Veronorte and Grupo Sura have partnered to create a new VC investment program, Programa de Inversión Veronorte, through which the firms will be able to identify and invest in businesses with high-growth potential, a strategy that aligns with SURA’s business strategy and that have positive economic, environment and social impact in the regions in which they reside.
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Mexican Fintech Startup Kueski Raises US$35m

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(Businesswire) Kueski has closed a US$35M round of equity and debt funding. The $10M equity investment was co-led by investors Richmond Global Ventures, Rise Capital, CrunchFund and Variv Capital, with participation from Victory Park Capital and existing investors Angel Ventures Mexico, Core Ventures Group and Auria Capital. Read more

Cabify Raises US$120m in Series C Funding

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(Fortune) The Spanish Uber competitor Cabify, which is currently expanding in Latin America, has raised a US$120m Series C round of investment. The round was led by Japan’s Rakuten at a US$320m post-money valuation. Read more

Astella Investimentos Exits Dualtec with Sale to UOL (em português)

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(Baguete) UOL Diveo, a big acquirer or Brazilian tech companies, just bought Brazilian cloud-solutions provider Dualtec, invested by Astella Investimentos in 2011. Read more

Mexico’s Sedec, Nafinsa and VCs to Launch Angel Fund (en español)

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(Expansion) The government of Mexico City (through Sedec) and Nacional Financiera (Nafinsa) have launched a new angel fund to support projects coming out of public universities. Sedec and Nafinsa will each contribute 25% of the funding for these projects, while the remaining 50% will come from VC funds. Read more

Peru’s Government to Support Creation of VC Funds (en español)

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(Expreso) The Peruvian government has announced plans to support the creation/operation of VC funds, business incubators/accelerators, and angel networks. Read more

Alianza del Pacífico in Search of VC Fund Manager (en español)

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(Terra Noticias & Press Release) Alianza del Pacífico launched a call to select a general manager to take charge of it’s Venture Capital fund, according to Peru’s Ministry of Foreign Affairs, which holds the rotating presidency of the organization. Read more

CFN Designates US$48m Toward Ecuador’s First Venture Capital Fund (en español)

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(El Telegrafo) In Latin America, Ecuador is possibly one of the countries with the most ventures. Nevertheless, the vast majority of those ventures rarely ever prosper and supersede early stages and grow in to mature businesses. For this reason, the Corporación Financiera Nacional (CFN) will designate US$48m to form Ecuador’s first venture capital fund as announced by the institutions President, María Soledad Barrera. Read more

Inseed Investimentos Invests R$4m in Agribusiness Startup, Tbit (em português)

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(Baguete) Brazilian agribusiness startup Tbit has received a Series A investment of R$4m from Inseed Investimentos. Read more