Riverwood Capital made an undisclosed investment in Chilean SaaS Nubox. This is Riverwood Capital’s second investment in the Chilean firm. Nubox recently acquired Argentinean SaaS Colppy as part of its regional expansion. 

Puerto Rico’s Science, Technology and Research Trust (PRSTRT) will invest US$225k through Puerto Rican accelerator Parallel18’s follow on fund in Abartys Health, a Puerto Rican insurance startup, and Quiena, an Argentine fintech startup.

BID Invest made an initial investment of US$3m in Argentinean fintech startup MONI Online, and it has the option to invest an additional US$2m in the startup’s next investment round. This is BID Invest’s first fintech investment.

On May 9, 2018, the Argentine Congress passed the Productive Financing Law. This law introduces significant reforms to Capital Markets Law No. 26,831 (“CML”) with the objective of achieving a modern financial regulatory framework that contributes to the development of the country’s economy.

A newly-passed capital markets reform bill in Argentina will loosen restrictions on some funds investing in the country. The upgrade would open the country to a wider range of more risk-averse investment funds. The bill allows closed-end mutual funds to invest in alternative assets like real estate or farmland, while requiring them to raise funds through a public offering to boost transparency, according to Reuters.

NXTP Labs participated in an undisclosed investment round in Pay per TIC, an Argentine last-mile payments platform.

LLR Partners led a US$31m Series C in Argentine cybersecurity startup Onapsis, with participation from existing institutional investors .406 Ventures, Evolution Equity Partners and Arsenal Venture Partners. Onassis is now headquartered in Boston. 

Australian jobsite SEEK made a R$23m investment in freelance labor platform Workana. SEEK led a R$8m round in 2017. Previous investors include NXTP Labs and DMGT.

Medici Ventures made a US$3m follow-on investment in Bitt, a blockchain-based digital payment provider based in Barbados, following a US$4m investment in 2016. (Press Release) Medici Ventures, announces the exercise…

The MetLife Foundation provided US$3.9 million for Accion to leverage digital solutions and customer-centered design to empower underserved consumers in Argentina, Chile, and Mexico—and disseminate learnings throughout the region.  (Press Release)…