Mexico is fast emerging as the new battleground for the global transport wars, from rideshare and delivery to e-scooters and mopeds: In the past year, Chinese heavyweights Didi Chuxing (rideshare),…

Mexican PE fund Sierra Capital acquired 100% of Netshoes’ operations in Mexico.

Falabella, the largest department store retailer in South America, acquired 100% of Mexican ecommerce platform Linio for a reported US$138m, providing a full exit to LIV Capital and Northgate Capital. Additionally, Fallabella is issuing US$800m in new shares, out of which US$100m will be acquired by Fallabella’s controlling families.

Angel Ventures invested US$1.3m in CitySense, a Chilean open platform to develop smart city solutions, and US$1.2m in Energryn, a Mexican startup using patented hybrid solar technology to democratize consumer access to affordable green energy, through its Pacific Alliance Fund II.

monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator.

Sinai Ventures, Mexamerica Ventures and others made a US$1.46m investment in Flint, a Mexican mobile wallet app that was accelerated at Y Combinator in 2018.

IGNIA, Antai venture Builder, Pedralbes Partners, Bonsai Venture Capital and Banco Sabadell made an undisclosed investment in Trendier, an affordable fashion platform operating in Mexico and Colombia.

Vostok Emerging Finance led a US$25m Series C investment in Konfio, a Mexican lending platform for small businesses, with participation from existing investors KaszeK Ventures, Quona Capital, QED Investors and the IFC, among others. The IFC led Konfio’s US$10m Series B in 2017.

Alsagra Ventures, Ajba Software and Intelectix made an undisclosed investment in Muventa, a Mexican cloud ecommerce platform for small businesses. 

Dalus Capital and the IFC made a US$10m investment in Mexican fintech eFactor Network  and financial intermediary eFactor Diez. (Press Release) eFactor Network (​efactornetwork.com​), which operates the most important electronic factoring…