Mexico

D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D in Mexican car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global, and Greenoaks Capital…

Mountain Nazca led a USD2.3m preseed round for Meru, a Mexican e-commerce platform connecting SMEs in Latin America with suppliers in China, with participation from Ricardo Weder (Jüsto), Roger Laughlin…

Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007. (Global Legal Chronicle)…

 Infraestructura Energética Nova (IEnova) has closed the acquisition of the remaining 50% stake in Energía Sierra Juarez from Actis-backed Saavi Energia for USD80m. (Press Release) Infraestructura Energética Nova, S.A.B. de…

DILA Capital Acquisition, a SPAC formed by DILA Capital targeting tech-enabled sectors in Latin America, has filed to raise up to USD50m in an IPO on the Nasdaq under the…

Adobe Capital made an undisclosed investment in Rephone, a Chilean pre-owned cellphone platform. (AMEXCAP) – Adobe Mezzanine Fund II, el segundo fondo de inversión de impacto de Adobe Capital, anuncia su…

General Catalyst led a BRL3.5m round for Clara, a Mexican startup offering corporate expense management and credit cards for Mexico-based startups, with participation from  Canary, Adapt Ventures and Picus Capital.…

 FinTech Collective led a USD14m Series A for minu, a Mexican payroll platform providing Mexican employees access to their earned wages, with participation from VEF, XYZ Ventures, FJ Labs, Tom…

Gramercy Funds Management and Andino Capital have created a USD50m joint venture for GAPIF – Fondo de Inversión de Oferta Privada. The vehicle would be to provide loans for medisize…

Goldman Sachs granted a USD60m line of credit to Konfio, a Mexican lending platform for SMEs. Goldman Sachs first invested in Konfio in 2019 through a USD250m credit facility alongside…