Dealflow LatAm #23: Capim raises $26.7M. Skydropx acquires Frenet. Mercado Libre invests $3B in fintech expansion.
Welcome to the 23rd edition of the Dealflow LatAm newsletter: a weekly summary of everything that happened in the LatAm startup and investment ecosystem. This week’s newsletter is brought to you by zenital:
Startup funding news 💸Rounds of $15M+:
Rounds $5M to $15M:
Rounds $1M to $5M:
Rounds $500K to $1M:
Other rounds of funding:
M&A transactions 🎊🇲🇽🤝🇧🇷 Skydropx acquires Frenet for $5.3M and plans to invest $8.5M to expand in Brazil. The logtech aims to grow its customer base and open a new office in Curitiba. 🇧🇷 Paysecure acquires a55 to expand its payment and credit solutions across LatAm. The deal strengthens a55Pay and enhances financial services in Brazil, Mexico, and beyond. 🇧🇷 Nubank acquires Hyperplane to enhance AI-driven financial services. The deal strengthens Nubank’s AI-first strategy, enabling hyper-personalized banking solutions across LatAm. 🇧🇷 FreeBrands acquires 35% of Bewo to expand in the feminine hygiene market. The partnership aims to scale new products and reach $2.5M in revenue over two years. 🇧🇷 Neura acquires ACDI to expand its behavioral research and neuroscience solutions. The deal strengthens its market positioning with advanced consumer insights and brand strategies. 🇧🇷 Trio acquires PayBrokers to expand in online betting and iGaming. The deal aims to strengthen its presence in the sector despite past regulatory challenges. 🇵🇷🤝🇲🇽 Evertec acquires Nubity to expand cloud services in LatAm. The deal strengthens Evertec’s regional presence and enhances its financial technology solutions. Nubity, operating in Mexico and Argentina, serves over 100 clients in 12 countries. Investor & accelerator news 🚀🇨🇭🤝🇨🇴 Temenos partners with Latam Fintech Hub to boost Wealthtech in LatAm. The collaboration will drive market expansion, innovation, and financial education in Colombia, Chile, Peru, and Mexico. 🇲🇽🤝🇨🇱 Impact Ventures PSM and Impacta VC launch a $5M fund to back 20 early-stage impact startups in LatAm. 🇬🇧 Mouro Capital doubles down on LatAm, naming Diego Gálvez as Partner. Formerly at Prosus Ventures and SoftBank, he led key fintech investments, including Klar, Clip, and Kavak. Mouro, with $400M AUM, has backed Creditas, Nowports, and PayJoy. 🇲🇽 Levanta.Capital, powered by Adquiere, launches as a free VC directory to simplify fundraising in LatAm. The platform connects startups with 350+ investors, offering funding resources and direct introductions. 🇲🇽 Círculo de Crédito launches a Corporate Venture Capital program to invest in early-stage Mexican startups in AI, cybersecurity, fintech, insurtech, proptech, and HRTech. The initiative offers funding, mentorship, and strategic resources to drive innovation and financial security. 🇧🇴 Bolivia announces three new funds: Startup, Focax, and Focaña. These funds aim to support local startups, enhance industrialization, and promote exports. The initiative will provide capital for risk investments, export sectors, and sugarcane production. Opportunities & Deadlines 👀🇧🇷 Prêmio Sebrae Startups offers $160K in prizes; applications close March 28. The winner, announced at Startup Summit 2025, can earn up to $50K. 🇨🇴 StartCo 2025 will bring together 150+ investment funds and 300 startups in Medellín, focusing on EnergyTech, FinTech, and HealthTech. Expected investment: $30M. April 3-4, 2025. 🇵🇷 Parallel18 selects 14 biotech startups for its BioLeap program, offering 12 weeks of mentorship in health tech and AI. Deadline: April 7, 2025. Startup news 💡🇦🇷 Argentina
🇧🇷 Brazil
🇨🇱 Chile
🇨🇴 Colombia
🇲🇽 Mexico
🇺🇾 Uruguay
🌎 Other LatAm News
Big company & policy news 💡🇦🇷 Mercado Libre invests $3B to expand its fintech operations, aiming to become the largest digital bank in LatAm. The funds will support its credit portfolio and strengthen operations, despite adjusting its strategy for higher-risk segments. 🇲🇽🇧🇷🇦🇷 Representatives from DiDi, Rappi, and policymakers discussed the risks of overregulating gig platforms in LatAm. They emphasized platforms' role in economic inclusion and flexible income generation. The debate continues as the ILO prepares global recommendations on platform work. Interesting reads 💡🇪🇸 Anna Piñol (Nfx) wrote “What It Really Takes To Make AI Agents Work“ 🇪🇸 Saleiva (Kfund, Tinybird) wrote “Kindness and LLMs” |
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