Brazil-based venture capital fund Caravela Capital reached a first close of its early-stage Latin America-focused fund Caravela Capital II with a USD50m target. The fund’s first investment includes Franq Open…
LatAm
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Bancolombia and responsAbility Provide USD25m Debt Financing for Colombia’s Finaktiva
12 September 2022(Forbes Colombia) Bancolombia and responsAbility provided USD25m in debt financing for Finaktiva, a Colombia-based credit and factoring platform for early-stage startups and scaleups. ALIVE led a USD3m+ round in August…
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Goldman Sachs Provides USD140m Asset-Backed Loan for Chile’s Xepelin
7 September 2022(Bloomberg) Goldman Sachs provided a USD140m asset-backed loan for Xepelin, a Chile-based payments and lending platform for SMEs. KASZEK and Avenir Growth led a USD111m Series B in May, the…
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(Brazil Journal, LatinFinance) Prisma Capital agreed to exit its full stake in Brazil-listed oil and gas company Dommo Energia to another Brazil-listed oil and gas company Prio, formerly PetroRio, for…
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PROSUS VENTURES ACQUIRES 33.3% STAKE IN IFOOD FOR ~USD1.5B
31 August 2022(Businesswire (Prosus)) Prosus Ventures acquired a 33.3% stake in Brazil-based last-mile delivery platform iFood from Just Eat for ~USD1.5b in cash and an additional USD300m earnout. Prosus first invested in iFood through Movile in 2013. PROSUS…
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XP Investments To Acquire Brazil’s Campo de Marte and Jacarepaguá Airports for BRL141m
30 August 2022(Brazil Journal) XP Investments through its Infra IV fund agreed to acquire airports located in Brazil’s Campo de Marte and Jacarepaguá for BRL141m (~USD27m). XP Investments To Acquire Brazil’s Campo…
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(LatinFinance) Brazil-based Pátria Investments agreed to acquire an 82% stake in NS Agro, a Chile-based agricultural supplies distributor, for USD107m. Pátria Investments To Acquire 82% Stake in Chile’s NS Agro…
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(Bloomberg Línea) CRV and monashees led a USD6.7m pre-seed round for Latú, a Brazil-based provider of business insurance focused on cyberattacks, lawsuits and property damage, with participation. CRV and monashees…
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(Bloomberg Línea) Alloy Capital provided a MXN290m (~USD14m) structured loan for Auronix, a Mexico-based CRM platform operating through instant messaging channels. Alloy Capital Provides MXN290m Debt Financing for Mexico’s Auronix…
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StepStone Group Completes USD80m Secondary Transaction for Brazil’s Valor Venture Fund II
23 August 2022(Brazil Journal) StepStone Group invested USD80m in Valor Capital Group’s Valor Venture Fund II through a partial fund restructuring. The fund’s portfolio is reportedly valued at USD470m. StepStone Group Completes…