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…

Private equity firm Blue Water Advisors fully exited Peruvian electricity provider Electro Dunas Energía through a public tender offer on the Lima Stock Exchange. Grupo Energía Bogotá purchased 100% of…

KaszeK Ventures and SoftBank led a R$70m (US$17.6m) round in Brazilian digital used car portal Volanty with participation from existing investors monashees and Canary. Monashees and Canary previously invested R$19m…

BR Malls acquired an additional 25.5% stake in Shopping Iguatemi Caxias do Sul, a shopping mall in Rio Grande do Sul. BR Malls now has a 71% stake in the…

Shopper, a Brazilian subscription delivery platform for consumer products, raised R$10m from Canary, former Renner CEO José Galló, Juscelino Martins of Grupo Martins and 99/Yellow co-founder Ariel Lambrecht. Shopper raised…

Advent International will invest an undisclosed amount into Campinas, Brazil based CI&T for a minority stake to accelerate its global growth in North America, Europe and the Asia-Pacific region. As…

SoftBank acquired ~R$1b in shares of Banco Inter, a publicly traded Brazilian digital bank. WSJ reports SoftBank had been in talks with Nubank previously. (Brazil Journal) O Softbank comprou quase…

This directory profiles the core group of LAVCA Member venture investors, corporates, and tech organizations dedicated to supporting startups and the tech ecosystem.

ChoppUp, a Brazilian IoT startup that partners with beer distributors, raised R$4m over two rounds from FINEP and undisclosed investors. (Fusões & Aquisições) Liderada por entusiastas do mercado cervejeiro e tecnológico,…

Abu Dhabi Investment Authority (ADIA)’s real estate team stated that it will continue to seek out opportunities in Latin America.  Middle Eastern sovereign wealth funds continue expanding real estate portfolios…

Peruvian private equity firm Nexus Group sold its 6.3% stake in InRetail Peru for US$240m, signifying a full exit. (LexLatin) Con asesoría de BBGS Abogados, el fondo de capital privado…

Real Estate investor Paladin Realty Partners is preparing to list a CERPI for MXN$4b on the BMV. The proceeds will be invested in housing projects, offices, hospitals, and shopping centers…

Colombian private equity real estate firm Yellowstone Capital Partners has reached a hard cap of US$300m for Yellowstone Real Estate Opportunity Fund II,  securing commitments from pension funds, insurance companies,…

Southern Cross Group and Riverstone announced plans to jointly invest $160m into the newly created Argentine company Aleph. Aleph will be the first midstream company to operate in the Vaca…

Gran Ciudad closed a Real Estate Fund of US$313m with commitments from Ivanhoé Cambridge the real estate investment arm of Canadian Pension Fund CDPQ and from Citibanamex Afore, the second…

Swiss VC Bulb Capital invested US$7m in Brazilian direct-to-consumer fashion label Amaro. Bulb Capital was formerly known as the PE arm of Sallfort Privatbank, established by Michael Bornhaeuser in 2012.…

Andreessen Horowitz invested US$12.5m in ADDI, a Colombian point-of-sale lending startup, with participation from previous investors monashees, Village Global and Sinai VC. ADDI raised US$3.8m in 2018.  (TechCrunch) Andreessen Horowitz…