Deals ▸ monashees and Connect Ventures led a USD40m Series A for Music.ai, a Brazilian AI-enabled music production platform, with participation from Samsung Next, Pelion, Mindset Ventures and angels Steve Aoki, 3LAU and Alexander23, and follow-on from Kickstart, Toba Capital and Valutia. monashees and KickStart Fund led a USD8.65m round in August 2022. ▸ HEALTHTECH | Alice, a Brazilian corporate insurance operator, raised a ~USD22m Series C+ with follow-on from KASZEK, Canary, ThornTree Capital Partners and Globo Ventures. SoftBank led a USD127m Series C in December 2021; Alice raised ~USD33m in February 2021. ▸ Itaú Unibanco led a USD18m round for NeoSpace, a Brazilian developer of AI models for the financial sector, with participation from Micky Malka (Ribbit Capital), Martin Escobari (General Atlantic), Nigel Morris (QED) and Hans Morris (NYCA). ▸ CARS | Turbi, a Brazilian car rental platform, raised a ~USD12.5m Series D from undisclosed investors. DOMO VC led a ~USD8.7m round in April 2024; ARC Capital led a ~USD30.5m round in January; EXT Capital led a ~USD16.5m round in July 2023. DEBT | Turbi secured a ~USD21m loan facility from ARC Capital, Jive Investments, Augme, Capitânia, EXT Capital, Fator and Western in November 2022 ▸ Bridge One invested ~USD12m in Involves, a Brazilian trade marketing software platform. Bridge One invested USD5.5m in February 2020. ▸ Itaú Unibanco led an undisclosed Series A+ for Kanastra, a Brazil-based capital markets infrastructure startup, with follow-on from KASZEK, Valor Capital Group, Quona Capital, Atlantico, Actyus and QED Investors. KASZEK led a ~USD21m Series A in June 2024; Valor Capital Group and Quona Capital co-led a USD13m seed round in June 2023. ▸ INSURTECH | Split Risk, a Brazilian digital insurance startup, raised ~USD8.7m from HSR Soluções e Participações and La Barca Empreendimentos. ▸ CLIMATE | QED Investors led a USD8m round for Niko Energy, a Mexican solar energy startup, with participation from Picus Capital and 468 Capital. ▸ Quona Capital and Upload Ventures led a ~USD6m seed round for Neofin, a Brazilian corporate debt collection platform. ▸ 5x Capital, a Peru-based investment firm focused on B2B SaaS startups, acquired a majority stake in Intelligential, a Mexican digital service enabler for financial institutions. ▸ Caveo, a Brazilian financial management platform for doctors, raised ~USD3.5m from ONEVC, Norte Ventures, Kortex and Zenda Ventures. ▸ MAYA Capital led a USD3.5m seed round for Tempo, a Brazilian personal assistant service, with participation from Norte Ventures. ▸ Banca.me, a Chilean consumer microcredit platform, raised a USD3m equity and debt round from undisclosed investors. Hero Capital led a USD1.2m equity and debt round in July 2022. ▸ Headline invested ~USD2.6m in Cycles Nutrition, a Brazilian nutritional supplements startup. ▸ Beauty for All (B4A), a Brazilian beauty startup, raised USD2.5m from 4Equity Media Ventures and undisclosed angels. ▸ Grupo Felni led a USD1m seed round for Drivana, a Mexico-based car rental platform, with participation from Movtech Capital, Nut VC, Ferter VC, RC Ventures, Arkangeles and undisclosed angels. ▸ HEALTHTECH | Motivia, an Argentine app for chronic disease management, raised USD1m from undisclosed investors. ▸ Taxflow, a US-based tax-filing platform, raised USD750k from Platanus Ventures, BFF, Brian Requarth (Latitud) and Brian York (Lighthouse). Taxflow was founded by Colombians Felipe Salinas and Julián Arango. ▸ PROPTECH | Outscape, a Chilean tiny-home rental startup, raised USD600k from SDK and undisclosed investors. ▸ BVC led a ~USD240k round for Octágora, a Brazilian remote virtual assistance startup, with participation from DOMO.VC and WOW Aceleradora. ▸ Caribbean Venture Capital Fund invested in Doorstep, a Jamaican online delivery service.
▸ Equity Fund Group invested in Clube do Presidente, a Brazilian e-commerce solutions platform.
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