IGNIA and Dalus Capital led a US$6.5m investment in online payments platform UnDosTres, with participation from InnoCells, the corporate venture arm of Banco Sabadell.  (Press Release) UnDosTres, the digital platform…

DILA Capital led a €2m investment in BEWE, a Mexican SaaS platform for beauty retailers, with participation from The Venture City, Toro Ventures and existing investors Variv Capital, Seaya Ventures and Mountain…

TeraSigma Venture Capital announced that it plans to invest US$200k to US$250k each in up to ten projects in Querétaro, Mexico’s technology sector over the next two years.

Pecunio Venture Capital invested US$3m in Woonkly, an advertising startup based in Jalisco that created its own ‘woonk’ cryptocurrency. 

Arc Labs made a US$20m debt investment in PayJoy, a Mexican fintech serving the underbanked. Arc Labs previously made a US$10m debt investment in Creze, a Mexican startup providing financial services to small businesses backed by DILA Capital and Mountain Nazca.

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.

Mexican e-scooter startup Grin raised a US$45.7m Series A and merged with Ride in Brazil. Lukasz Gadowski, Founder of Delivery Hero, led Grin’s Series A, with participation from existing investors Shasta Ventures, DCM, SV Angel, Trinity Ventures, monashees, and Base10 Partners. Grin raised an undisclosed seed round from monashees, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners, Y Combinator and others in early 2018, and was part of the YC Spring 2018 cohort.

Mexican management consultant GINgroup launched a seed-stage fund called GINCapital, which plans to invest MXN$2-10m in six to nine startups over the next 18 months.

DILA Capital made an undisclosed investment in Sistema.bio, a Mexican biodigester company.

Village Capital invested US$75k each in the winners of its 2018 Fintech Latam Program: Vexi, a Mexican credit card app for millennials, and Siembro, an Argentine fintech platform for agrobusiness.