LAVCA is pleased to announce the winners of the Eighth Annual ESG Deal Awards, showcasing outstanding private capital investments in Latin America, specifically targeting environmental, social and gender diversity initiatives.
2022 Environmental Responsibility Award: Aqua Capital for their investment in Biotrop.
2022 Environmental Responsibility Honorable Mention: Dalus Capital for their investment in Algramo.
Winners were selected from among deals submitted by LAVCA member firms through a rigorous evaluation process by a distinguished panel of institutional investors comprised of development finance institutions, pension funds and funds of funds.
Save the date for LAVCA Week 2022 taking place in person on October 12-14 at the Conrad New York Downtown in New York City.
The 2022 conference will convene LAVCA’s unparalleled network of private capital investors from across Latin America, the US, Asia and other global markets for a highly interactive experience, including networking and discussions on the latest trends in private equity, venture capital and other private capital strategies.
Participation is open to LAVCA members, non-member private capital investors and qualified institutional investors.
Digitalization was the dominant theme across Latin America’s private capital landscape in 2021, with technology companies driving interest across asset classes and pushing private capital investment to a new record of USD29.4b.
VC investment reached a record of USD15.7b, more than what the region’s startups attracted in the 10 years prior and over half of total private capital dollars invested in 2021.
Private capital funds are financing the region’s bet on greater connectivity and competitiveness through digital and transportation infrastructure.
The region’s major markets each reached new investment milestones despite socioeconomic and political headwinds.
A return to growth in Latin America’s major economies, coupled with low interest rates during the first half of the year, fueled M&A activity and public listings for private capital-backed companies.
LAVCA Members can log in to download the 2022 Industry Data and AnalysisPDF report with key market insights through December 31, 2021. Members also have access to an accompanying Excel Data Pack with over 40 exhibits, publicly disclosed investments, funds and exits. Don’t see what you are looking for? LAVCA Members can make custom data requests by emailing research@lavca.org.
BNB and Vinci Partners agreed to partner to launch a BRL2.65b infrastructure and renewable energy fund. Read more#PE
Altum Capital raised MXN702.9m via CKDs on Mexico’s BIVA for a debt fund that aims to support the export sector and medium-sized companies. Read more #Private Credit
Oria Capital plans to raise USD100m for its fourth fund which will focus on digital transformation and B2B SaaS. Read more#PE
QED Investors led a USD40m Series A for Zubale, a Mexico-based fulfillment services marketplace connecting independent contractors with retailers, with participation from GFC and Felicis Ventures, and follow-on from Wollef, NFX, MAYA Capital and angel Kevin Efrusy (Accel). Read more#VC
Fuel Venture Capital and IDC Ventures led a USD19m Series A for Novopayment, a US-based B2B platform offering white label fintech products for Latin American clients, with participation from Endeavor Catalyst and Visa Ventures. Read more#VC
Innova Capital led a ~USD17m round for Celcoin, a Brazilian open finance infrastructure developer for fintechs targeting the underbanked.Read more#VC
San Francisco-based Altos Ventures led a USD16.7m Series A for Galena, a Brazil-based professional upskilling platform for public school graduates, with participation from Owl Ventures, Globo Ventures, Reaction and Exor, and angels David Velez (Nubank), Kevin Efrusy (Accel), Romero Rodrigues (Headline), Dan Rosenseig (Chegg) and Arminio Fraga (Brazil Central Bank). Read more#VC
Valor Capital Group and NFX led a ~USD10m round for Floki, a Brazil-based supplier management platform for restaurants. Read more#VC
BNDES plans to invest BRL30-40b in Brazilian funds over the next five years. Read more#PE#VC
8VC led a ~USD6m seed round for Theia, a Brazil-based platform for pregnancy-related healthcare treatment, with participation from US-based VC Canaan, and follow-on from KASZEK.Read more#VC
UK-based growth equity firm Greyhound Capital led a USD5.4m seed round for Strike, an Uruguay-based cybersecurity stress testing platform, with participation from NXTP, Canary, FJ Labs, Latitud, Magma Partners, VentureFriends and OrokVentures. Read more#VC
Point72 Ventures led a USD5m seed round for Influur, a Miami-based influencer marketing platform with operations in the US and Latin America, with participation from H20 Capital and Magma Partners. Read more#VC
Tiger Global and H20 Capital led a USD5m pre-seed round for Morado, a Colombia-based wholesale marketplace for beauty salons, with participation from Andreessen Horowitz, QED Investors and Village Global. Morado was founded by Rappi alum Angla Maria Acosta. Read more#VC
ACON Investments acquired an undisclosed stake in Brazil-based corporate food service company Sapore. Read more#PE
