Hey, it’s Yoel 👋 Back again with the 36th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
What a week for LatAm! From fresh funds and game-changing acquisitions to cross-border plays and bold government moves. Startups are scaling, capital is flowing, and countries are going all-in to back innovation. This edition is packed with momentum, ambition, and all the reasons we believe LatAm is just getting started.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Circular Brain raises $3.9M to expand its e-waste recycling platform. The round was led by Lorene Urban Mining, which also became an operational partner.
🇦🇷 Oncoliq raises $2.84M to scale its cancer detection test, setting a biotech seed funding record in Argentina. The round was led by Endurance28, with Draper U Ventures, Air Capital, and others joining.
🇧🇷 Sellera.AI raises $3.15M to accelerate its AI-driven sales platform. The round was led by a Family Office and will fund commercial expansion and tech development.
🇨🇱 Finnecto raises $1.7M to expand its financial automation platform across LatAm. The funds will support product development and regional growth, with backing from undisclosed investors.
🇧🇷 Huna raises $1.5M to expand its AI platform for early cancer diagnostics. The round was led by Kortex Ventures, with big_bets, Niu Ventures, and others participating.
🇦🇷 Migma raises $250K to scale its AI platform for personalized antioxidants in food, cosmetics, and pet care. The round was led by GridX.
🇧🇷 Selfless.chat raises $980K to scale its AI-powered omnichannel customer service platform and expand into Mexico and Portugal. The round was led by Equity Group.
🇧🇷 MyDose raises $350K to grow its wellness-focused creator platform in Brazil. The pre-seed round was led by VGT USA.
🇧🇷 Estratz raises $350K in a pre-seed round to enhance its offshore asset management software. The round included Vista Capital founders, who will also pilot the platform.
🇨🇱 Ruky raises $280K to expand its micromarkets platform and enhance logistics in Chile. The round was led by Broota.
🇧🇷 Straloo and Lovel receive $205K in grants from TECNOVA III to scale their digital health and AI-based HR platforms, respectively.
🇧🇷 Spott receives funding from Patria Igah IV FIP Multiestratégia to accelerate its EV charging network SaaS expansion across Brazil and LatAm. The investment was led by Patria’s High Growth vertical.
🇧🇷 Omni Saúde raises funds to expand its AI-based medication benefit platform. The round was backed by Wayra Brasil and Enseada.
🇨🇱 Upbirk secures support from ANID to scale AMIRA, its free AI assistant that guides entrepreneurs in validating business ideas.
🇲🇽 Preventix receives first investment from Impact Ventures PSM Seed to scale its non-invasive cervical cancer detection tech.
🇧🇷 Receita Previsível acquires B2B Stack to build a full-stack B2B solutions ecosystem. The undisclosed deal marks the first of several planned M&As.
🇧🇷🤝🇨🇴 Topaz acquires Valid Colombia’s payments unit for $7M to expand its digital financial solutions across LatAm, processing 3M payments monthly.
🇨🇱🤝🇨🇴 Kame is acquired by Grupo Siigo to boost Chile’s ERP market. Backed by Accel-KKR, a $6M investment aims to lead digitalization for LatAm SMBs.
🇪🇨🤝🇲🇽 Reliv acquires Hospisoft to scale its digital health ecosystem across LatAm, boosting hospital integration and patient care.
🇲🇽 Nascent VC announces a $15M first close of its Fund II to back pre-seed and seed startups in LatAm. The fund is led by ex-operators and backed by founders of Kavak, Bitso, Belvo, and others.
🇺🇸🇧🇷 Gilgamesh Ventures closes $20M Fund II to back early-stage fintechs, targeting 1/3 of its portfolio in Brazil. The New York-based VC will invest with larger checks from $400K to $600K.
🇨🇱 IncubaUdeC wins 2025 BID-GEIAL award for its 23-year support of early-stage entrepreneurs and tech startups.
🇨🇱 Colbún joins SOFOFA Hub as a strategic partner to drive hydroelectric innovation amid Chile’s energy transition, starting with its Rucúe plant.
🇦🇷 Innovation Tech Week returns to Buenos Aires from June 2–6, gathering 7,000+ participants for 70+ events on tech, startups, and VC.
🇨🇱 “El Retorno de la Inversión” gathers Chile’s VC ecosystem on June 4–5 at Centro de Innovación UC. Registration open via Welcu.
🇨🇱 Regiones Emprende invites Chilean startups to pitch at its Demo Day on June 12. Applications are open until June 6.
🇧🇷 Elevate Brazil Ventures invites Brazilian startups to join its accelerator connecting them with global investors. Applications are open until June 6.
🇦🇷 Bayer and Endeavor launch LEGADO 2025 to scale five impact startups across the region. Deadline to apply: June 6, 2025.
🇨🇱 TECLA 2025 opens with up to ~$22K per startup for social, environmental, or economic impact projects. Applications close June 15.
🇨🇱 Corfo Biobío opens Semilla Inicia with up to $15K in funding for early-stage startups. Deadline: mid-June 2025.
🇨🇱 ProChile and Corfo launch GoGlobal 2025 to help 50 startups expand abroad; applications open until June 18.
🇨🇱 Transelec Ventures opens a new call for startups to co-develop solutions in market intelligence and operational risk modeling. Deadline: June 23, 2025.
🇲🇽 Bitso launches Hackathon MXNB with up to ~$7K for DeFi/payment projects using MXNB. Backed by Arbitrum, QED, Portal. Deadline: July 14.
🇧🇷 South Summit announces its Climate & Bioeconomy edition in Belém, set for July 15–16, with a focus on innovation, sustainability, and COP30.
🇲🇽 Daikin launches AirTech Challenge 2025 for HVAC startups. Winners pitch in Monterrey and win a trip to Japan. Deadline: July 31, 2025.
🇲🇽 VTEX CONNECT LATAM 2025 returns to Mexico on September 25 to unite digital commerce leaders for networking and innovation.
🇨🇱 Transbank and ChileConverge launch a new SME support cycle with free workshops and digital tools running through November 2025.
🇨🇱 NTT DATA Chile opens eAwards 2025 for tech startups creating positive impact. Applications open until end of 2025.
🇦🇷 Synthetic Minds, Uali, and Botmaker lead Argentina’s AI wave with legaltech, energy robotics, and customer service automation.
🇺🇸🤝🇨🇴 World partners with Rappi to deliver iris-based ID devices to homes in Argentina. The pilot expands access to World ID via the Rappi app.
🇧🇷 87Labs and Vurdere sign a revenue share deal to scale e-commerce solutions, starting in Brazil and the U.S.
🇧🇷 Psyche Aerospace halts its agri-drone project Harpia P-71 and lays off 130 staff. The startup will now focus on its growing software division.
🇧🇷 Safe-e enters Brazil with advanced cybersecurity solutions, expanding its global presence and targeting high-risk sectors like finance and health.
🇧🇷 Iriom plans to expand credit for truckers and launch a WhatsApp voice assistant. The fintech serves 15,000 drivers and top transport firms in Brazil.
🇨🇱 AITAS launches AI-powered robot COSMO One, helping 15+ companies cut over $250K in costs via smart automation.
🇨🇱 Carozzi partners with Ok To Shop to enhance nutritional transparency using food traceability tech from the Chilean startup.
🇨🇱 Lookiar plans global expansion with its no-code AR platform that enables brands to create immersive experiences via QR.
🇨🇱 ByBug develops a black soldier fly larva-based vaccine to fight avian flu, in partnership with Fundación Ciencia & Vida.
🇨🇱 Eskuad expands its forest traceability tech to the U.S. to support compliance with the Zero Deforestation Law, used by Boise Cascade.
🇨🇱 Sheriff, Floid, and Levannta win Fintech Awards Chile 2025 for innovations in AI credit risk, Open Finance, and alternative lending.
🇨🇱 Yuno grows in Chile as a key payment orchestration platform, helping firms like Rappi and inDrive boost approval rates and scale across LatAm.
🇨🇱 Real Travel expands to Costa Rica and Belize with its 24/7 tourism platform, promoting sustainable travel and local voices.
🇦🇷 Globant launches AI Studio in Chile to accelerate digital transformation in consumer goods and manufacturing with AI solutions.
🇨🇴 FIXIT aims to reach 1M users by 2026 with its non-traditional insurtech platform offering wellness services across Colombia.
🇨🇴 Zulu surpasses $250M in international payments processed, solidifying its position as a leading cross-border paytech for SMEs in LatAm.
🇨🇴 Monet and Refácil team up to offer small loans for bill payments, enhancing financial access across Colombia.
🇨🇴 Zulu surpasses $1B in cross-border payments after 3 years, serving 110+ LatAm SMEs in 60+ countries with a faster, more transparent solution.
🇨🇳🤝🇲🇽 AliExpress partners with Content-oh! to boost local seller visibility in Mexico through optimized content and enhanced shopping experience.
🇺🇸🤝🇲🇽 XDC Network partners with Bitso to enable low-cost, near-instant US-Mexico cross-border payments for SMEs and remittances.
🇺🇾 ELdeS will represent Uruguay at South Summit Madrid 2025 as one of the top 100 most disruptive startups globally.
🇺🇾 KSI Vision expands in the U.S. with its AI-powered retail analytics used by Inditex, Mango, and Falabella, and prepares a new funding round.
🇺🇾 Amber to launch in June with a platform enabling Uruguayans to invest globally through simple, tech-driven financial tools.
🇦🇷 Argentina launches "Next from Argentina" to globalize local startups through events, missions, and strategic support. The program targets tech, health, fintech, agtech, and renewables to boost visibility and attract global investment.
🇦🇷 Mercado Pago to become Argentina’s largest private bank, launching its own entity to expand services. With 25M users, the fintech will target payroll accounts, credit cards, and ANSES, following steps of players like Ualá.
🇦🇷 Globant opens its Middle East HQ in Riyadh to drive AI innovation and digital reinvention, aiming to train local talent and expand across key regional sectors.
🇧🇷 Brazil may raise the startup revenue cap from $2.8M to $8.7M, allowing more mature ventures to access Marco Legal benefits. The bill now moves to further congressional review.
🇧🇷 Agibank raises $349M in its first FIDC to expand credit. The deal was led by Santander and Itaú BBA, with strong investor demand.
🇨🇱🇪🇸 Uriel Renovables invests $450M to build four solar parks in Chile. The move boosts local clean energy infrastructure and job creation.
🇲🇽 BBVA México will invest $5.1B by 2030 to boost financial inclusion, digitalization, and business banking. The plan reflects long-term confidence and a commitment to over 30M clients in Mexico.
🇺🇾 Uruguay launches U+I to boost innovation, R&D, and investment across science and tech. Led by angel investor Bruno Gili, the SEGIB-backed program aims to streamline the ecosystem and drive sustainable development.
🇧🇷 Gabriel Daros reports in Rest of World on Brazil’s pioneering pilot “dWallet,” a government-backed project that allows citizens to earn money from their digital data. It positions Brazil as a global leader in data ownership, blending public-private efforts to create a user-controlled data economy.
