99 Minutos, a Mexican ecommerce shipping platform, acquired MuvSmart, a Chilean last-mile delivery startup, for an undisclosed amount. Engie Factory Mexico made a follow-on investment in 99 Minutos as part…

New York, March 5, 2019 – The Association for Private Capital Investment in Latin America (LAVCA) today announced the winners of the 2019 Latin American Private Equity Awards. A panel of institutional investors selected Riverwood Capital for the 2019 Private Equity Deal for their investment in Brazilian ride-sharing service 99.

Engie Factory made an undisclosed investment in 99Minutos, a last-mile logistics startup in Mexico that is backed by 500 Startups.

Didi Chuxing plans to acquire a majority stake in Brazilian rideshare startup 99 for ~US$600m. This officially puts 99 in unicorn territory. Didi and Riverwood Capital invested over US$100m in…

BCM CKD Management, an affiliate of the Black Creek Group, has listed a MXN$3.99b CKD vehicle on the Mexican Stock Exchange (BMV) to make direct and indirect private equity investments…

Japan’s Softbank and Riverwood Capital bought a minority stake in 99 (formerly 99 Taxis), a Brazilian rideshare company, for US$100m. Investors in 99 include Didi Chuxing, Riverwood Capital, monashees+, Qualcomm…

Didi and Riverwood Capital completed an investment in Brazilian car sharing company, 99 (formerly 99 Taxis). (Valor Econômico) O fundo americano de private equity Riverwood Capital se juntou à lista de…

(Valor Econômico) Chinese transportation giant Didi Chuxing led an investment in Brazilian rideshare company 99 (formerly 99 Taxis) of over US$100m. The investment round also included participation from monashees+, Qualcomm…

(Baguete) Brazil’s two largest taxi apps, 99 Taxis and Easy, both of which have received investments from Rocket Internet, Monashees Capital, Qualcomm Ventures and Tiger Global, are negotiating merger to withstand Uber’s…

(NYTimes) 99Taxis is raising US$100m, despite economic and political crises in Brazil.

(Startupi) 99 Táxis receives a new round of investments led by investment firm Tiger Global Management. Also participating in the round is Qualcomm Ventures and Monashees Capital, who already invested…

(IFM Investors) OHL Mexico, one of the leading groups in the infrastructure sector in Mexico, and IFM Investors, a uniquely-structured global fund manager, have signed today a transaction for the…

(Startupi) Incube, the investment fund and developer of mobile applications and technologies, acquired 99Motos, a startup for courier services, for R$3m. The company has since been relaunched as MovMov.it.

(Business Wire) 99designs, the largest online graphic design marketplace in the world, today announced it has acquired LogoChef, one of Brazil’s leading design marketplaces. 99designs has also launched a Portuguese…

Sapphire Ventures led a US$103m Series E investment in Auth0, a US-based identity verification solution founded by Eugenio Pace and Matías Woloski, with participation from existing investors Bessemer Venture Partners,…

CDPQ through its investment partnership with DP World acquired a 45% stake in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen. CDPQ partnered two years ago…

Monashees led a US$10.5m seed investment in Kovi ,provider of rental cars for on-demand drivers in Latin America, with participation from MAYA Capital and ONEVC. Co-founders Adhemar Milani Neto (CEO)…

DILA Capital and Mountain Nazca Mexico exited Creze, a Mexican financial services startup for small businesses, through a sale to Polygon Fintech, a financial group targeting unbanked consumers. This transaction…

Portuguese VC Indico Capital Partners made its inaugural Brazil investment in Zenklub, an online therapy and wellness platform. (DCI) A startup Zenklub recebeu R$ 2 milhões do fundo de investimentos…

Brazilian education company Arco Educação acquired Positivo, an educational content provider, for R$1.65b. Arco Educação IPO’d on the Nasdaq in 2018. Backers include General Atlantic. (Press Release) Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that…

HandTalk, a real-time translation platform for Brazilian sign language, received a US$750k grant from Google.org as one of 20 global winners of the Google AI Impact Challenge. (Press Release) Google…

Brazilian medical device startup brain4care (formerly Braincare) raised US$5m from Horácio Lafer Piva and other angel investors. Brain4care’s device for non-invasive cranial pressure monitoring received approval from Anvisa to commercialize…

Riverwood Capital made a US$20m Series B investment in Omie, a Brazilian ERP platform targeting small businesses. Astella Investimentos led a R$25m investment in 2018. Angel network Verus Group invested…

Advent International is preparing a new fund focused on Latin American based companies, expected to close in September 2019. This is Advent International’s seventh Latin America focused private equity fund.…

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FIS Ameris made an undisclosed investment in Kirón, a Chilean medical device manufacturer for people with mobility limitations. This is the firm’s third investment from Fund 2. (FIS Ameris) Este…

Nilo Ventures made an undisclosed investment in Keynua, a Peruvian visual identity platform that is backed by Y Combinator (W19 cohort). (Medium) Around the globe, investors have taken notice of…

Mexican private equity fund manager Alta Growth Capital has announced the exit of Mexican trailer manufacturer Fruehauf in a sale to Fultra, a Mexican conglomerate. This represents Alta’s first exit…

Global infrastructure investment manager I Squared Capital has exited Jamaica Private Power Company in a sale to Inter-Energy Group for JMD$4b. (The Gleaner) In a deal said to be worth…

SoftBank leads a US$1.2m investment in Ayenda Rooms, a Colombian hotel chain with a digital reservation platform. In Latin America, SoftBank’s investments include 99 (2017) and Loggi (2018).  (El Economista)…