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Brazilian fintech Nubank raised a US$400m Series F at a reported US$10b valuation. TCV led the round, with participation from existing investors Tencent, DST Global, Sequoia Capital, Dragoneer, Ribbit Capital…

Nubank raised R$375m using a Brazilian form of a fixed-income issuance. (Valor Econômico) O Nubank concluiu a captação de R$ 375 milhões com a emissão de letras financeiras, avisou nesta…

Sign up for the Latin American Private Capital Update, a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and…

Nubank doubled its valuation to US$4b this year with a US$180m investment from Tencent, representing about a 5% stake in the company. US$90m was a direct investment from Tencent; the other US$90m in equity was purchased from existing shareholders. In March 2018, DST Global led a US$150m round in Nubank at a valuation over US$2b, with participation from Thrive Capital, Dragoneer Investment Group, and existing investors Founders Fund, Redpoint Ventures, Ribbit Capital, and QED Investors. Previous investors include KaszeK Ventures, Sequoia Capital, and Tiger Global Management. Tencent’s last disclosed direct investment in Latin America was a 2017 Series B in Satellogic, an Argentine space exploration platform.

Sign up for the Latin American Private Capital Update, a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and…

DST Global led a US$150m investment in Brazilian fintech Nubank, with participation from Thrive Capital and Dragoneer Investment Group, and existing investors Founders Fund, Redpoint Ventures, Ribbit Capital and QED Investors.…

Nubank closed a new R$250m credit line from FIDC (Fundo de Investimentos em Direitos Creditórios). Nubank previously raised R$200m and R$445m credit lines from Goldman Sachs. (Baguete) O Nubank captou…

(New York Times) DST Global, the investment firm started by Russian venture capitalist Yuri Milner, led a US$80m round in Nubank, with participation from Redpoint Ventures and Ribbit Capital. Prior…

(Valor Econômico) Brazilian fintech startup Nubank has received a R$200m debt investment from Goldman Sachs.

(DealBook) Brazilian start-up Nubank, a mobile-based credit card business, received in December a new financing round led by Founders Capital and previous backers Sequoia Capital, Kaszek Ventures, and Tiger Global.

(TechCrunch) Brazil is one of the world’s fastest growing mobile markets, with 90 million smartphones in circulation among a population of about 200 million, and today a fin-tech company that…

(TechCrunch) Nubank, a financial services startup based in Brazil, is today opening for business with two key pieces of news. It is launching its first product: a MasterCard Platinum credit…

minu, a payroll fintech providing Mexican employees digital access to their earned wages, raised a US$6.5m seed round from QED Investors, Village Global, Next Billion Ventures and Mountain Nazca Mexico.…

Base Partners, a Brazilian growth equity firm, closed a US$135m Fund II. Fund I (US$75m) included investments in Stripe, Zoom and ByteDance, as well as Brazil-based Nubank. (Crunchbase) São Paulo-headquartered Base…

KaszeK Ventures raised US$600m across two new funds, including US$375m for its fourth flagship fund and US$225m for its first opportunities fund. (Press Release) Latin American venture capital firm Kaszek…

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.

The recent EU-LatAm trade deals are a bright spot in the midst of a complex political environment in Latin America’s major economies and LAVCA data shows growth opportunities in tech-related startups, infrastructure, power and renewable energy, and consumer sectors.

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…

KaszeK Ventures, Redpoint eventures and QED Investors made a R$16m Series A investment in Xerpa, a Brazilian HRtech platform. (Exame) A Xerpa, startup que leva a área de recursos humanos…

Tencent made an undisclosed investment in Ualá, an Argentine mobile banking app. Goldman Sachs led a US$34m investment in Ualá in 2018, with participation from monashees, Ribbit Capital, Jefferies Group,…

Ribbit Capital led a R$25m investment in Warren, a Brazil-based digital brokerage, with participation from KaszeK Ventures and Chromo Invest. This is Warren’s first known institutional capital. (Baguete) A corretora…

QED Investors and Invus Opportunities co-led a US$22.6m investment in Escale, a Brazilian digital marketing agency providing customer acquisition services to Brazilian telco and healthcare companies. Previous investors KaszeK Ventures,…

Brazilian real estate startup Loft raised a US$70m Series B at a valuation of ~US$370m, led by Andreessen Horowitz and Fifth Wall Ventures, with participation from QED Investors. Loft raised…

Advent International acquired a 51% stake of Prisma Medios de Pago, an Argentine payments company formed as a joint venture between Visa International and local banks. The deal values Prisma…

Mountain Nazca led a US$7.4m Series A investment in Albo, a Mexican digital bank, with participation from Omidyar Network and Greyhound Capital. (Expansión) Albo pisa el acelerador de su crecimiento…

The first half of 2018 was a record-breaking semester for startup investment in Latin America. Investment dollars grew for every major market in the region with Brazilian and Mexican startups capturing the most investment.

Sequoia Capital and Zetta Venture Partners invested US$2.25m in Rever, a Mexican employee innovation management platform. This is Sequoia’s first known investment in a Mexican startup. Sequoia’s other investments in the region include Nubank and Rappi.

DST Global led a US$200m investment round in Colombian on-demand delivery startup, Rappi, which is now valued north of US$1b, as first reported by Axios.  (TechCrunch) Rappi, the Colombian on-demand delivery…