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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…

Startups that cashed up in 2019 have an advantage approaching the C19 crisis. LAVCA spoke directly with the CEOs of 74 startups to understand how they’re navigating 2020.

QED Investors led a US$22.5m Series B in Brazilian digital brokerage Warren, with participation from Mercado Libre’s MELI Fund, WPA and Quartz, and follow-on from KaszeK Ventures, Chromo Invest, and…

Canary, KaszeK Ventures, and MAYA Capital invested US$16m in Alice, a Brazilian healthcare provider. Alice was founded by Andre Florence and Matheus Moraes, alums of Brazilian rideshare 99 (acquired by…

Global Founders Capital, ONEVC, and Flourish Ventures made an undisclosed investment in Swap, a Brazilian fintech services provider for enterprises. Y Combinator Partner Brad Flora and iFood Cofounder Patrick Sigrist also…

KaszeK Ventures led a US$10m Series A in La Haus, a Colombian proptech for purchasing residential real estate. NFX and Nubank’s CEO David Velez invested US$6m previously. (Press Release)  La…

monashees, KaszeK Ventures, and ONEVC invested US$4.6m in Pipo, a Brazilian employee health plan management platform, with participation from Nubank’s CEO David Velez. (Brazil Journal) Depois de trabalhar anos cobrindo empresas…

Belvo, a Mexican fintech providing a financial services API platform for mobile applications, raised a US$10m round led by KaszeK Ventures and Founders Fund. MAYA Capital, Venture Friends, and Nubank…

QED Investors closed its sixth fund with US$350m in commitments. QED’s Latin America portfolio includes Nubank, QuintoAndar, Creditas, Konfio and others (Press Release) QED Investors Closes $350 Million Fund VI…

Private Equity manager Kinea, the alternative asset management subsidiary of Brazil-based financial services group Itaú, acquires minority stake in Matera, a brazilian technology solutions company, for R$100m. (Valor Econômico) A…

Smart Money Ventures led a R$3m investment in Gama Academy, a Brazilian edtech focused on professional training in programming, design, marketing and sales. (Startupi) A Gama Academy, startup de educação…

banco BV (formerly Banco Votorantim) led a R$25m investment in Olivia, a California-based personal finance app, to fund expansion into Brazil. Olivia was founded by Brazilians Cristiano Oliveira and Lucas…

Teravoz, a Brazilian VoIP services provider to small businesses and call centers, was acquired by Twilio, providing an exit to investors Canary and Wayra Brasil. Teravoz reports a 30x return…

Andreessen Horowitz and Vulcan Capital led a US$175m Series C in Brazilian proptech Loft, with participation from Jaguar Ventures and follow-on from monashees, Valor Capital, Fifth Wall Ventures, QED Investors…

Valar Ventures led a US$19m extension to Mexican fintech Albo’s Series A, with participation from Mountain Nazca Mexico and Flourish Ventures. Albo raised US$7.4m earlier in 2019. This is Valar’s…

monashees, Valor Capital, and Canary invested R$38m in Mimic, a Brazilian company pioneering shared/dark kitchens, with participation from angels including David Velez (Nubank) and José Galló (Renner). (Globo) A economia…

Tencent and SoftBank led a US$150m investment in Ualá, an Argentine mobile banking app. Tencent made an undisclosed investment earlier in 2019. Goldman Sachs led a US$34m investment in Ualá…

LAVCA recently spoke with  🏠 proptech founders from Loft (Brazil) and Flat (Mexico) about their strategy, funding, model, and growth, as well as potential for the sector in Latin America.…