| VC investment in Latin America continued to adjust in Q1 2023, in line with global trends. LAVCA recorded a preliminary total of USD0.8b, representing a 25% decline relative to Q4 2022. Notably, venture debt saw the highest investor appetite on a dollar basis, representing 51% (USD395m) of capital invested across seven deals. Venture debt also led the biggest tickets in the quarter overall, with financings for fintechs Marco Financial (USD200m) and Clara (USD90m).
Notable deals included: MidCap Financial and Castlelake’s USD200m credit facility for Marco Financial Accial Capital’s USD90m debt financing for Clara G Squared, GGV Capital, and others led a USD50m Series C round for JOKR Warburg Pincus’s BRL210m (USD40.2m) investment in Scanntech Base10 Partners, Greenoaks and SoftBank invested USD35m in Buk BNDES invested BRL160m (USD31.6m) in Tembici NORFUND invested USD30m in Erco Energia
LAVCA’s Q1 2023 Industry Data & Analysis will be available to LAVCA Members in mid-May.
Register: 25 May 2023
Winners of the 9th Annual LAVCA ESG Deal Awards will be announced on 25 May 2023 at 10 am ET.The ceremony will take place virtually on LAVCA’s LinkedIn page. Additional details to follow. LAVCA Members have nominated a record number of deal cases across asset classes for the 2023 LAVCA ESG Deal Awards, including private equity, VC/tech, private credit and real assets. The winners will be determined by a panel of institutional investors. Awards will be conferred in six categories: | Private Capital Deal of the Year | Environmental Responsibility | | Social Impact | Gender/Diversity | | Innovation | Inaugural Better Tech Award |
As in the past, this initiative seeks to showcase best-in-class examples of private capital activity in Latin America by spotlighting deals with extraordinary ESG outcomes at the firm and company level. Select deals also will be considered for publication in a series of case studies. For questions, please email Marcelo Pizzato at mpizzato@lavca.org.
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