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LAVCA Week 2022: Recap

October 11-14, 2022 | Conrad New York Downtown

#LAVCAWeek

Thank you to the LAVCA Members and broader investor community from Latin America and around the globe who participated in LAVCA Week 2022 in New York on October 11-14 and helped make it a success.  

Please find photos from LAVCA Week 2022 below as well as the reports and briefs discussed during the conference, including a recent CNBC ‘TechCheck’ segment on the appeal of Latin America for private equity investors, which references LAVCA data presented at LAVCA Week 2022.

  
 

LAVCA Week 2022 Sponsors



 

Deal Case: Valor Capital Group | Dolado

#LAVCADealCases

 
In October 2020, Valor Capital led a USD2.2m seed round for Dolado, a Brazil-based company that provides micro-enterprises and SMEs with access to the technology tools to manage their inventories, improve sales through a digital presence, source products through a B2B marketplace, process payments and gain access to credit. 

With Valor Capital's support, Dolado served SMEs from 128 cities in Brazil, delivering over 138,000 leads for its affiliated retailers. Merchants listed over 68,000 products on Dolado, reaching over 420,000 online visits despite a practically null marketing expenditure.

Dolado has structured a product offering focused on positively impacting and empowering entrepreneurs from underserved regions and vulnerable backgrounds. The company is currently one of the main supporters of Instituto Responsa, a Brazilian initiative focused on non-discrimination of people impacted by the justice system. Approximately 15% of Dolado’s operational workforce was previously incarcerated. LAVCA's Eighth Annual Latin American Private Capital ESG Deal Awards awarded Valor Capital Group a 2022 Social Responsibility Award for their investment.
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 Alothon Group’s Brazil-based oncology platform Unity was acquired by Brazil-listed Oncoclinicas Do Brazil Servicos Medicos for a reported BRL1.17b (~USD220m) in a cash and stock deal. Alothon Fund III first invested in Unity in August 2018, and the platform completed 12 acquisitions between 2018 and 2021. Read more #PE

 Pátria Investments reached a BRL1b (~USD193m) final close for its seventh flagship private equity fund. Patria Private Equity VII will invest in commodities, distribution, logistics, food and beverage, health and education companies in Brazil, Chile, Colombia and Peru. Read more
 #PE

 Mubadala Capital led a ~USD110m for Central de Recebíveis (CERC), a Brazil-based receivables processor and clearing services provider, with follow-on from Valor Capital Group. Read more #VC

 Kinea invested BRL400m (~USD77m) in Alvorada, a Brazil-based agricultural products retailer. (~USD80m). Read more #PE

 SEAF Colombia Agribusiness Fund, DFC and USAID invested in Puntored, a Colombia-based fintech providing services such as payments, credit, remittances and airtime through mobile apps and a network of small retailers. Read more #PE #VC
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 Lightrock led a ~USD48m round for Cortex, a Brazil-based data and analytics platform for marketing and sales, with follow-on from SoftBank Latin America and Riverwood Capital. 
Read more #VC


 Volpi, a Brazil-based real estate financing platform, secured up to ~USD30m in funding through Certificados de Recebíveis Imobiliários (CRI) from Brazil-based infrastructure investor RBR Asset Management. Read more #VC

 DILA Capital led a USD20m round for Elenas, a Colombia-based social commerce platform with operations in Colombia and Mexico, with participation from Endeavor Catalyst, Mercado Libre, Broadhaven Ventures and Grupo Bolivar, as well as follow-on from Leo Capital and FJ Labs. Read more #VC

Foodology, a Colombia-based dark kitchen operator, raised a USD20m round with participation from Chimera and singer Maluma, as well as follow-on from Andreessen Horowitz, Wollef and Kayyak. Foodology also secured USD30m in debt from TriplePoint Capital. Read more 
#VC


 NY-based Women’s World Banking Asset Management led a USD12m Series B for Tienda Pago, a Mexico-based working capital provider for SMEs in Mexico and Peru, with participation from Alumni Fund and OikoCredit, as well as follow-on from KASZEK, QED Investors, Agrega Partners and Accion Venture Lab. Read more #VC

 Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia, raised a ~USD10.6m round from Itaú, Mastercard and Colombia-based natural gas company Vanti. Read more #VC

 Nazca led a USD7m round for CoreZero, a Mexico-based carbon credit infrastructure developer and monitoring platform, with participation from FEMSA Ventures and IDB Lab. Read more #VC

 Vozy, a Colombian audio-based customer service management platform with operations in Mexico and Colombia, raised USD5m from GoHub Ventures, Starling Ventures and SaxeCap. Read more 
#VC

 Upload Ventures and Digital Currency led a USD5m seed round for Arch, a US-based decentralized asset management platform with operations in Chile. Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures and Platanus Ventures also participated. Read more #VC

 Lightspeed Venture Partners led a USD5m round for Fidu, an Argentina-based operations and payment collection platform for educational institutions, with participation from NFX, Imaginable Futures and Broom Ventures. Read more #VC


 Zulu, a Colombia-based stablecoin exchange with operations in Colombia, Mexico and Peru, raised a USD5m round from Cadenza Ventures, Nexo, CMT Digital, Simplex, Coin DCX, Gaingels, and angels Caterine Castillo (Neivor), Carolina Garcia (Chiper), and Man Hei Lou (Treinta). Read more #VC

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OCT
Perú Venture Capital Conference 
NOS PUCP Peru
PECAP
8-9
NOV
Congresso 2022 Congresso 2022 
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Investment in Latin America
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