LatAm Startups That Have Been Acquired/Listed

November 11, 2020
Adquired Listed LATAM Startups 2019

Across sectors and geographies, venture-backed Latin American startups have been targets of notable IPOs and increasing M&A activity since 2014. Below are highlighted transactions from this period*.

Included companies may have historically been a part of the Latin American Startup Directory, but because of a specific event (including an IPO or significant acquisition) have graduated to this list.

For a list of Latin American startups valued over US$1b (based on publicly disclosed valuations), access the Latin America Unicorn Leaderboard. Access updates about Latin American VC/tech on lavca.org/vc.

*This list is not comprehensive and represents highlighted examples across the major markets and sectors, 2014-1H2021.

HIGHLIGHTED STARTUPS THAT WERE LISTED (2014-1H2021)

Company Year of IPO Listing Exchange Country (HQ) Investor(s)
VTEX 2021 NYSE: VTEX Brazil Tiger Global, Lone Pine Capital, SoftBank, Riverwood Capital
dLocal 2021 NASDAQ: DLO Uruguay Alkeon Capital, General Atlantic, BOND, D1 Capital Partners, Tiger Global, Addition
Stone Pagamentos 2018 NASDAQ: STNE Brazil Ant Financial (Alibaba’s investment arm), Madrone Partners (Walton family), Berkshire Hathaway, Tiger Global, Actis, Gávea Investimentos, Valor Capital, 3G Capital founders Jorge Paulo Lemann, Marcel Telles, Carlos Alberto Sicupira
Despegar 2017 NYSE: DESP Argentina Tiger Global Management, Accel Partners, General Atlantic, Sequoia Capital, Merrill Lynch, Insight Venture Partners, Yahoo! Inc., Telefonica
Globant 2014 NYSE: GLOB Argentina Riverwood Capital

HIGHLIGHTED STARTUPS THAT WERE ACQUIRED/MERGED (2014-1H2021)

Company Year of Acquisition/ Merger Acquirer Country (HQ) Investor(s)
RD Station 2021 TOTVS Brazil Redpoint eventures, Riverwood Capital, Astella Investimentos, DGF Investimentos, TPG Growth, Endeavor Catalyst
VivaReal/Grupo ZAP 2020 OLX Brazil Brazil monashees, KaszeK Ventures, Spark Capital, Lead Edge Capital, FJ Labs, Valiant Capital Partners
Antecipa 2020 XP Brazil Redpoint eventures
Creditoo 2019 Creditas Brazil Global Founders Capital, Canary
Flinto 2019 Grow Mobility (merger) Mexico Sinai Ventures, Mexamerica Ventures, Y Combinator
Netshoes 2019 Magazine Luiza Brazil Tiger Global Management, IFC, Sierra Capital
Yellow 2019 Grow Mobility (merger) Brazil monashees, GGV Capital, Grishin Robotics, Base10 Partners, Class 5
99 2018 Didi Chuxing Brazil Qualcomm Ventures, Tiger Global Management, monashees, Riverwood Capital, Didi Chuxing, SoftBank
Aplazame 2018 Wizink Spain/ Mexico ALLVP
Ezcommerce 2018 LINX Brazil Bozano Investimentos
Hiper 2018 LINX Brazil Cventures
Linio 2018 Fallabella Mexico LIV Capital, Holtzbrinck Ventures, Access Industries, Northgate Capital, Summit Partners, Kinnevik AB, Rocket Internet
Navita 2018 undisclosed Brazil Intel Capital, InvestTech
Oppa Design 2018 Meu Móvel de Madeira Brazil Valar Ventures, monashees, KaszeK Ventures, Thrive Capital
Petsy 2018 Maskota Mexico ALLVP, DILA Capital, Capital Invent, Mountain Nazca
Properati 2018 OLX (merger) Argentina NXTP Labs, Patagonia Ventures, Neveq
Strider 2018 Syngenta Brazil monashees, Qualcomm Ventures, Barn Investimentos
AppProva 2017 Somos Educação Brazil e.Bricks Ventures
Easy 2017 Cabify (Merger) Brazil Rocket Internet, Tiger Global, Phenomen Ventures, Tengelmann Ventures, Africa Internet Holding
Axado 2016 Mercado Libre Brazil FIR Capital BZ Plan
Cinepapaya 2016 Fandango Peru Movile, Wayra, 500 Startups
LoveMondays 2016 GlassDoor Brazil KaszeK Ventures
Aventones 2015 BlaBlaCar Mexico ALLVP, NXTP Labs
Boo-box 2015 FTPI Digital Brazil monashees, Intel Capital
eÓtica 2015 Essilor Brazil KaszeK Ventures, e.Bricks Ventures
ClickDelivery 2014 Delivery Hero Colombia Axon Partners Group
PedidosYa 2014 Delivery Hero Uruguay KaszeK Ventures, Atomico
Printi 2014 Vista Print Brazil Greenoaks Capital
SinDelantal 2014 Just Eat Mexico Seaya Ventures

 

 

 

1
Facebook Twitter Google +

MADE POSSIBLE WITH SUPPORT FROM

LAVCA’s gender diversity research is made possible with support from IDB LAB, Member of the IDB Group. Access information about WeXchange, a forum hosted by IDB LAB that connects high growth women entrepreneurs in LatAm with investors and mentors.

Methodology

This list includes 114 senior-level women investment professionals who are deploying capital in early and growth stage tech deals in Latin America, as well as notable women angels investing over USD50k across multiple deals in the region in the past two years. All investors were vetted for inclusion by LAVCA Research.

Every year since 2016, LAVCA solicits nominations of top women investors in tech from the investment community. The inaugural list included 37 investors; the 2017 list added eight new investors. In 2018, complementing the peer nomination process, LAVCA reviewed the investment teams of all active Latin American VC funds, producing a list of 82 senior-level and 47 mid- and junior-level investment professionals. In 2019, those numbers jumped to 88 and 87, respectively, and increased to 103 and 97 during 2020.

NOMINATE AN INVESTOR

This list is not exhaustive; if you know of a junior- or mid-level investment professional working on Latin American tech deals who should be on this list, contact [email protected].

TOP WOMEN INVESTING IN LATIN AMERICAN TECH

LAVCA’s companion list of Top Women Investors in Latin American Tech includes 114 senior-level women investment professionals who are deploying capital in early and growth stage tech deals.