Deals ▸ BOND led a ~USD146m Series C for Asaas, a Brazil-based payment management platform, with participation from SoftBank, Endeavor Catalyst and 23S Capital. Asaas raised a ~USD30m Series B+ in June 2023; Inovabra led a ~USD7.5m round in October 2020. ▸ Warburg Pincus acquired a minority stake in Contabilizei, a Brazilian accounting automation platform, for USD125m. EXIT | The deal included a secondary piece that provided an exit for KASZEK. SoftBank led a ~USD63m Series C in 2022 and an undisclosed round in 2021. Point72 invested in 2019. ▸ DEBT | Mexican challenger bank albo secured a USD60m credit line from SixPoint Capital. US-based Morpheus Ventures led a USD40m Series C in 2023 with participation from NAZCA. ▸ AGTECH | Creation Investments and Syngenta Group Ventures led a USD53m Series C for Agrolend, a Brazilian unsecured credit platform for small crop farmers, with participation from Vivo Ventures, L4 and Japanese bank Norinchukin, and follow-on from Valor Capital Group, SP Ventures, Lightrock and Yara Growth Ventures. Valor Capital Group led a USD14m Series A in January 2022. ▸ LAST MILE | General Atlantic led a USD50m round for Jüsto, a Mexican grocery delivery platform. DEBT | Jüsto also secured a USD20m debt facility from HSBC. General Atlantic led a USD152m Series B in April 2022; General Atlantic led a USD65m Series A in February 2021; Bimbo Ventures and Sweet Capital led a USD5m round in October 2020. ▸ DEBT | ExcelCredit, a Colombia-based credit platform, secured USD50m in debt financing from Nomura. ▸ KASZEK led a USD32.6m Series A for CXC (aka Tecnologia en Cuentas por Cobrar), a Mexico-based credit platform, with participation from Quona Capital, Mercado Libre, Daedalus Ventures, Saison Capital, and Actyus. DEBT | Alloy Capital provided a debt facility to CXC in 2023. ▸ The IFC led a ~USD13.5 round for BHub, a Brazilian accounting and financial management platform for SMEs, with participation from Latitud, and follow-on from monashees and Valor Capital Group. Moore Capital led a ~USD8m Series A+ in September 2022; monashees and Valor Capital Group led a USD20m Series A in January 2022. ▸ BIOTECH | Sistema.bio, a Mexico-based biogas producer, raised USD15m in equity and debt from ElectriFI, EDFI Management Company, Chroma Impact, KawiSafi, AXA, Blink CV and EcoEnterprises Fund. DEBT | BIX Capital and Shell Foundation provided the debt piece of the round. DILA Capital invested in the company’s USD12m round in 2019. ▸ CROSSBORDER | AlleyCorp led a USD8m Series A for Barte, a Brazilian B2B online payments platform for SMEs, with follow-on from NXTP, VentureFriends and Force Over Mass Capital. Force Over Mass Capital and NXTP led a ~USD3.2m round in March 2023 ▸ HEALTHTECH | Left Lane Capital led a USD7.3m Series A for Koltin, a Mexican telehealth platform for older adults. US-based early-stage investors Mucker Capital led a USD2.8m round in October 2023. ▸ HRTECH | SRM Ventures invested ~USD5.5m in Gibb, an on-demand payroll startup. Propel VC led a USD4.3m seed round for Akua, a Latin American payments platform, with participation from Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures. ▸ HEALTHTECH | Headline Ventures led a ~USD3.1m round for Horuss AI, a Brazilian health plan management platform. ▸ EDTECH | Eduvem, a Brazilian digital education platform, raised ~USD2.6m from undisclosed investors. ▸ HRTECH | DGF Investimentos invested ~USD2.5m in Sólides, a Brazilian talent management platform. Warburg Pincus invested USD100m in February 2022. ▸ BIOTECH | Zentynel Frontier Investments led a USD2.5m seed round for Xeptiva Therapeutics, an Uruguayan biotechnology company focused on treating chronic pain in pets, with participation from iThink VC, FEN Ventures, ND Latam, Uruguay Biotech Ventures and Sergio Fogel (dLocal). ▸ Monitor App, a Mexico-based industrial solutions platform, raised a USD2m Series A from Madata LLC, Grupo Cementos Chihuahua, Flō Networks, Novamex, CEAS Investments, Alfa Indigo Ventures and Ferter. ▸ ABSeed led a USD2m round for Tuna Pagamentos, a Brazilian online payments provider. ▸ ONEVC and 17Sigma led a USD1.1m round for Patagon AI, an Argentina-based marketing platform. ▸ AGTECH | ALIVE Ventures led an undisclosed Series A for GoodSAM, a US-based producer of regenerative consumer products in Colombia and other emerging economies, with participation from Desert Bloom Foods and Connecticut Innovations. ▸ Karrot, a Colombia-based point-of-sale software for SMEs, raised USD1m from Marathon Ventures, Amador Holdings and Kuiper VC. ▸ PROPTECH | Morada.ai, a Brazilian AI-based real estate agent, raised ~USD1m from undisclosed investors. ▸ QED Investors invested ~USD900k in Noodle, a Brazilian royalty management and financing platform for artists and digital creators. ▸ CROSSBORDER | Flipando AI, an Uruguay-based cross-border compliance startup, raised USD600k from iThink VC, Nido VC, Worthit VC and undisclosed angels. ▸ LEGALTECH | Vinci Ventures led a ~USD500k pre-seed round for Intelijus, a Brazilian AI-based legal agent. ▸ Stamina VC led a USD460k seed round for MeetRox, a Brazilian CRM solutions software, with participation from Alta Escala, Raio Capital, João Del Valle (EBANX), Tiago Dalvi (Olist) and Alessio Silva Alionço (Pipefy). ▸DOMO.VC led a ~USD350k round for TRAG, an agricultural insurance platform and a ~USD265k pre-seed round for Mentora, a Brazilian leadership development platform, with participation from Guilherme Bonifácio and Eduardo Baer (iFood). ▸ CLEANTECH | CIRCCLO, an Argentina-based circular economy startup, raised a USD210k pre-seed round from Antom.la and undisclosed investors. ▸ Finaktiva, a Colombian credit and factoring platform for SMEs, secured a debt facility from AlphaMundi Group. ALIVE led a USD3m round in August 2021. ▸ HiPartners invested in Nexaas, a Brazil-based omnichannel platform. ▸ EXIT | KPTL exited Akmey, a Brazilian developer of enzyme-based techniques for textile production, through a sale to the Aragão family that founded the company in 2003. KPTL invested in 2015; Akmey grew revenues 6x since then, according to Exame. | 