All registered LAVCA Week 2023 attendees can now access our app to view other attendees and speakers, save sessions to their agenda and network using our 1:1 messaging feature. App instructions were sent out yesterday via email, please contact support@lavca.org for any additional assistance. 

Last chance to register for LAVCA Week 2023 is 9 October 2023. We look forward to seeing all attendees next week in New York!

New LAVCA Member

LAVCA welcomes new member DNA Capital to the LAVCA community. 

DNA Capital

DNA Capital is the leading institutional healthcare-oriented investor in Brazil, partnering with exceptional founders and management teams to build enduring healthcare businesses.

• Investment Focus | DNA invests in Series A, Series B+ and growth companies with the potential to shape the future of healthcare. DNA’s Genoma IX VC Fund will invest up to 30% of its committed capital in Series A and the rest in Series B+.
• Preferred Geos | Brazil
• Year Founded | 2013
• Company Portfolio Includes | Dasa (exited), Viveo, Inspirali, Beep Saúde and Memed.
• Key Contacts | Jose Guinle (Partner), Luiz Noronha (Partner) and Constanza Cortes (Director of Investor Relations & Marketing).

◼︎ Jive Investments reached a BRL2.5b (~USD498.4m) first close for Jive Distressed and Special Situations IV. The fund will invest in distressed assets and legal claim opportunities from middle to large Brazilian companies.#PrivateCredit

◼︎ Conviavilité Ventures, the CVC arm of Pernod Ricard, led a USD50m Series D for JOKR, a NY- and Berlin-based last mile retail delivery platform, at a USD800m post-money valuation, with participation from Lombard Odier, and follow-on from monashees, Tiger Global, G Squared, GGV Capital, Balderton Capital and Greycroft. JOKR closed its US operations to focus on Latin America in June 2022. #VC

◼︎ Morpheus Ventures led a USD40m Series C for Mexico-based challenger bank albo, with follow-on from NAZCA and Valar Ventures. #VC

◼︎ Accial Capital provided USD40m in debt to Kapital, a Mexico-based finance management platform for SMEs, to fund its loan portfolio origination. #VC

◼︎ Valor Capital Group led a USD30m Series C for Gringo, a Brazil-based car documentation management platform with follow-on from KASZEK, ONEVC, Vostok Emerging Finance, ICU Ventures, Piton and Actyus. #VC

◼︎ US-based VC Haymaker Ventures led a USD15m Series A+ for Mundi, a Mexico-based lending platform financing imports/exports for SMEs, with participation from FJ Labs, Base10, Upper90, GMO Ventures, Colibri Ventures, Asymmetric Capital Partners, Mana Ventures, and follow-on from Union Square Ventures. #VC

◼︎ 23S Capital acquired a 10% stake in Vitru Educação, a Brazil-based publicly listed online private education platform. 23S Capital is a USD700m fund launched by Temasek and Banco Votorantim in 2022 to invest in Brazilian companies. #PE

◼︎ BNDESPar agreed to invest BRL638.5m (~USD126.6m) in six funds managed by KPTL, Astella, DNA Capital, Cedro, Patagonia, Good Karma and Noon, focusing on startup companies in Brazil. #VC

◼︎ Aqua Capital made an undisclosed investment in Exata, a Brazil-based soil composition and nutrient level monitoring platform. #PE

◼︎ Patria Investments won the concession auction for Paraná Lote 1, a highway system in the Brazilian State of Paraná. #RealAssets

◼︎ Advent International exited Grupo CRM, the Brazil-based holding group of chocolate manufacturers Kopenhagen and Brasil Cacau, through a sale to Nestlé. #PE

◼︎ Southern Cross Group exited Esmax, a Chile-based diversified downstream fuels and lubricants retailer, through a sale to Aramco, a Saudi Arabia-based global chemical and energy conglomerate. #PE

LAVCA Week 2023

10-13 October 2023

Conrad New York Downtown, NY

Brazil NbS Investment Opportunity Roadshow

10-13 November 2023

São Paulo, Brazil

Contact partnership@gpcapital.org for registration information. 

LAVCA RESEARCH