Deals ▸ Warburg Pincus invested ~USD100m in Matera, a Brazilian core banking solutions provider for financial institutions. Kinea Investimentos invested ~USD20m in 2020. Side note: Waburg Pincus just named Jeffrey Perlman as new CEO, succeeding Chip Kaye. ▸ OCN (formerly OneCarNow), a Mexico-based rental car startup for gig workers, raised a USD86m equity and debt Series A from Caravela Capital, Collide Capital, Great North Ventures and i80 Group. ▸ DEBT | Merama, a Mexico- and Brazil-based e-commerce brand aggregator, secured a USD80m credit facility from Gramercy Funds Management. Advent International and SoftBank led a USD60m Series B+ in December 2021 and a USD225 Series B in October 2021; Valor Capital Group, monashees and Balderton Capital led a USD60m round in May 2021. ▸ Riverwood Capital led a USD24m round for netLex, a Brazilian contract lifecycle management platform. Canary and Parceiro Ventures invested previously. netLex is used by legal, procurement and sales teams to manage all company contracts. netLex operates in Brazil, Colombia, Argentina, USA, England, Spain, France and Portugal. ▸ KASZEK led a USD22m Series A for Tapi, an Argentina-based payments processor, with follow-on from Andreessen Horowitz. Tiger Global, Newtopia, Latitud and H20 Capital invested previously. ▸ AGTECH | Mitsubishi led ~USD12.5m round for Gênica, a Brazilian vaccine developer for crop pesticides, with participation from Banco do Brasil and follow-on from SP Ventures. Gênicaraised an undisclosed round in May 2022; SP Ventures invested ~USD1.2m in January 2018. ▸ L4 Venture Builder, the CVC arm of the B3, led a ~USD12.4m Series B for Monkey Exchange, a Brazilian financial marketplace enabling enterprises to purchase receivables from SMEs, with participation from DEG, the German development bank, and follow-on from Quona Capital and Kinea Ventures. Quona Capital and Kinea Ventures led a USD6m Series A in February 2021; Monkey Exchange raised ~USD1.5m from Wayra Brasil and Parallax Ventures in 2019. ▸ AGTECH | Farmtech, a Brazilian agricultural digital credit startup, raised USD10m from Bewater. ▸ Initialized led a USD8.5m round for Caliza, a US-based startup that provides dollar-denominated transaction services to Brazilian financial institutions. Better Tomorrow Ventures and Abstract Ventures led a ~USD6m seed round in September 2023; Caliza raised a ~USD5m round in August 2021. ▸ CROSSBORDER | Saison Capital, the venture arm of Credit Saison, led a USD7m round for Alume, a Brazilian higher education financing platform for medical professionals. Credit Saison is the third largest consumer credit business in Japan. ▸ HEALTHTECH | FinTech Collective led a BRL32m (~USD5.7m) seed round for Tivita, a Brazil-based financial management platform for healthcare professionals. ▸ CLEANTECH | Vammo (formerly Leoparda Electric), a Brazilian battery-swapping startup for electric bikes, raised ~USD5.5m from EXT Capital. monashees led a USD30m equity and debt round in December 2023; monashees and Construct Capital led a USD8.5m round in September 2022. ▸ Accion Venture Lab and Chile Ventures co-led USD2.1m seed round for Moffin, a Mexico-based credit analysis and client screening platform. ▸ MAYA Capital led a USD2m round for Avra, a Brazilian SME credit risk analysis startup, with participation from Norte Ventures. Angels participating included André Street (Stone), Eduardo Pontes (Stone), Dorival Dourado (Serasa), Daniel Cassiano (AB Inbev) and Doug Scherrer (Nubank). ▸ AGTECH | ProNuvo, a Costa Rican insect-based animal feed startup, raised USD2m from the IFC. ▸ Hi Ventures led a USD1.7m pre-seed round for Perhaps, a Chilean AI workflow integration platform, with participation from Bessemer Venture Partners. Hi Ventures just launched their 2024 State of AI in Latin America report. ▸ HEALTHTECH | Fracción,a Chilean pharmaceutical delivery startup, raised a USD1.7m round with participation from Manutara Ventures. ▸ AGTECH | ByBug, a Chilean insect-based fertilizer manufacturer, raised a USD1.4m seed round with participation from Südlich Capital, Arpegio, Halcyon Venture Partners, Atento Capital and follow-on from GridX. GridX invested USD200k in February 2023. ▸ iThink VC and BuenTrip Ventures co-led a USD1m pre-seed round for Bucksapp, a Paraguayan-Bolivian transactional data analysis platform for banks, with participation from Escalatec and undisclosed angels. ▸ PROPTECH | DOMO led a ~USD450k pre-seed round for Pipelmob, a Brazil-based real estate management startup. ▸ AGTECH | Tracestory, a Brazilian production management platform, raised USD300k from Xperiment Ventures. ▸ CVC | RX Ventures invested in Topsort, a US-based advertising solutions platform. Upload Ventures led a USD20m round in March. Topsort was founded by Chilean Francisco Larraín. ▸ Chilean-based VC Magical invested in Batech, a Mexican security monitoring startup for businesses. ▸ EL SALVADOR | Second Century Ventures invested in Propi, an El Salvador-based residential real estate marketplace. Propi raised a USD2.5m pre-seed round in March 2023. ▸ EDTECH | Realize, a Brazilian distance learning platform, raised ~USD260k via a crowdfunding platform. ▸ EDTECH | Edupulses, a Brazilian interactive presentation development startup, raised ~USD120k from undisclosed angels. | 