Venture Capital News
Valor Capital Group, monashees and Balderton Capital Lead USD160m Round for Merama (Press Release) Valor Capital Group, monashees and UK-based VC Balderton Capital led a USD60m equity and USD100m debt round for Merama, a Mexico- and Brazil-based startup seeking to acquire stakes in Latin American e-commerce businesses and support their international expansion, with participation from TriplePoint Capital and angel investors from Ualá, Loggi, Rappi and MadeiraMadeira. Read more
Baillie Gifford Leads USD100m Series D Extension for Brazilian Proptech Loft (TechCrunch) Baillie Gifford led a USD100m Series D extension for Brazilian proptech Loft, with participation from Flight Deck and angel investors from Better, GoPuff, Instacart, Kavak and Sweetgreen, and follow-on from Tarsadia Capital and Caffeinated Capital, at a reported USD2.9b valuation. Read more
GIC Leads BRL300m Series C for Brazilian Digital Brokerage Warren (Press Release) GIC led a BRL300m Series C in Brazilian digital brokerage Warren, with follow-on from KASZEK, MELI Fund, Ribbit Capital, Chromo Invest, QED Investors and Quartz. Read more
TMT Investments and Copernion Capital Partners Lead USD22m Series A for Colombian Foodtech Muncher (en español) (Forbes) TMT Investments and Copernion Capital Partners led a USD22m Series A for Muncher, a Colombian foodtech re-using trade containers in Colombia, Peru and Mexico to set up dark kitchens, with participation from Amador Holdings, MGM Innova Capital and Femsa Ventures. Read more
Colombian Credit Platform Avista Secures USD20m Credit Line from Accial Capital (Press Release) Colombian credit placement platform Avista secured a USD20m credit line from Accial Capital. Avista provides credit lines products to under-banked Colombians pensioners and government employees. Read more
Aurea Ventures Purchases USD7.5m Stake and Chile Country Rights for US-Based Marketplace HUMBL (Press Release) Chilean multifamily office Aurea Ventures purchased a USD7.5m stake in Humbl, a US-based real estate marketplace and payment developer platform, and acquired the company’s country rights to operate in Chile. Read more
Dalus Capital Leads USD7.3m Round for Chilean Circular Economy Platform Algramo (en español) (AMEXCAP) Dalus Capital led a USD7.3m round for Algramo, a Chilean circular economy platform developing reusable product packaging for corporations to reduce the use of single-use plastic, with participation from Angel Ventures and FEMSA Ventures, and follow-on from Closed Loop Partners. Read more
FCP Innovación Invests USD6m in Colombian Solar Energy Startup Erco Energía (en español) (Forbes) FCP Innovacion, the investment arm of Ventures EPM, invested USD6m in Erco Energía, a Colombian startup developing infrastructure for electric vehicle charging and solar energy storage facilities, with participation from family office InverA&M. Read more
FJ Labs and Alex Oxenford Invest USD3.5m in Brazilian Data Privacy and Storage Platform DRIC (em português) (Startupi) FJ Labs and Alec Oxenford (letgo) invested USD3.5m in DRIC, a Brazilian data privacy and storage platform. Read more
Genesis Ventures, Fundación Chile’s CLIN and SVG Ventures Lead USD2.8m Round for Chilean Agtech Instacrops (LatamList) Genesis Ventures, Fundacion Chile’s CLIN and SVG Ventures led a USD2.8m round for Instacrops, a Chilean sensor-based crop monitoring platform. Read more
Sancor Seguros Leads USD2m Series A for Argentine Agtech Agree (en español) (La Nación) Argentine insurance conglomerate Sancor Seguros led a USD2m Series A for Agree, an Argentine agriculture supply chain management platform. Read more
Accel Leads USD2.7m Round For Mexican Lending Platform Atrato (en español) (Forbes) Accel led a USD2.7m round in Atrato, a Mexican lending platform enabling installment payments for retail brands and SMEs, with participation from Martin Schrimpff (PayU) and Bill Clerico (WePay). Read more
Active Capital Leads USD2.5m Seed Round For Mexican Lending Platform Graviti (Crunchbase) Active Capital led a USD2.5m seed round for Graviti, a Mexican lending platform enabling installment payments for underbanked consumers seeking to purchase home appliances, with participation from Mucker Capital, Clocktower Technology Ventures and angels Kevin Patrick Mahaffey (Lookout) and Matt Brezina (Sincerely). Read more
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