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| Preview: LAVCA VC Industry Data & Analysis
VC investment in Latin America in 2022 reached USD7.5b, according to preliminary LAVCA data. Despite a slower investment environment in 2022, VCs still deployed USD3.3b more than in 2020 and USD2.6b more than in 2019.
LAVCA Members: Stay tuned for LAVCA’s year-end industry data available in a few weeks.
Update: 2023 LAVCA ESG Deal Awards
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, and awards will be conferred in six categories during an online ceremony in May 2023.
Categories include: | Capital Deal of the Year | Environmental Responsibility | | Social Impact | Gender and 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 additional information, please email Marcelo Pizzato at mpizzato@lavca.org.
| | | Mubadala Capital, the asset management arm of sovereign investor Mubadala Investment Company, acquired a controlling stake in Americas Trading Group, a Brazil-based electronic trading platform. Read more #PE
responsAbility Investments reached a USD101m first close for its mezzanine fund focused on produce investments in Latin America. Read more #PrivateCredit
IFC provided a MXN1b (~USD53m) financing package to Arrendamás, a Mexico-based non-bank financial institution that supports SMEs. Read more #PrivateCredit
Mubadala Capital acquired a majority stake in Brazil-based sugar and alcohol company Atvos from Lone Star. Lone Star held USD5m in equity and a face value of USD370m in debt. Read more #PE
BNDES invested ~USD32m in Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia. Tembici raised a ~USD10.6m round from Itaú, Mastercard and Colombian natural gas company Vanti in October 2022 and a USD10m round led by Blue Like an Orange in April 2022. Read more #VC
XP Asset acquired a minority stake in One7, a Brazil-based financial services company that provides credit to SMEs, for BRL110m (~USD22m). Read more #PE
Tuhabi, a subsidiary of Colombia-based protech Habi focused on brokering sales of used home purchases, secured a USD21m credit line from BBVA to expand its operations in Mexico. Habi secured a USD6.3m credit line from Bancoldex in January 2023 and a USD75m credit line from Triple Point Capital in June 2022. Read more #PE
WorldBusiness Capital provided a USD15m long-term loan to Cooperativa de Ahorro y Crédito Alianza del Valle, an Ecuador-based savings and credit cooperative.
Read more #PrivateCredit
Lighstpeed Venture Partners led a USD13m Series A for Beek, a Mexico-based audiobook and meditations platform, with participation from angels Sam Altman (OpenAI), Dylan Field (Figma), Sebastian Mejia (Rappi), Alfonso de los Rios (Nowports) and Jorge Mazal (Duolingo), and follow-on from Greylock and Accel. Read more #VC
Augment Infrastructure invested BRL250m (~USD49m) in Brazil-based solar energy company Origo Energia. Read more #PE
Mintu, a Mexico-based employee wellness rewards platform, raised USD30m from Coppel Capital, Besant Capital and Enea Capital, with follow-on from FinTech Collective, QED Investors and Salkantay. The startup also raised USD20m in debt from Accial Capital.
Read more #VC
BlueOrchard, through its InsuResilience fund, invested BRL27m(~USD5.3m) in Newe, a Brazil-based insurance provider for small-scale farmers. Read more #PrivateCredit | | | Upcoming Events & Trainings | LAVCA Research + Directories | | | | | | |
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