Hey, it’s Yoel 👋 Back again with the 52nd edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.

Capital is accelerating, innovation is scaling, and LatAm’s startup ecosystem is moving at full speed. From fintech mega-deals to cross-border acquisitions and AI breakthroughs.

Plenty to break down—so let’s get into it 🚀

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Startup funding news 💸

Rounds of $10M+:

• 🇧🇷 A5X raises $37.5M in Series C to meet regulatory capital requirements and fund operations. The round was backed by its existing investors.

• 🇧🇷 Arvo raises $19.8M in Series A to expand its AI-driven health payment platform. The round was led by Kaszek and Base10 Partners, with Canary and K50 Ventures participating.

• 🇵🇹🇧🇷 Nutrium raises $12M in Series A to expand its corporate nutrition platform in Brazil. The round was led by Vesalius Biocapital, with Lince Capital, Indico Capital Partners, and Beta Capital participating.

Rounds $1M to $10M:

• 🇧🇷 INFLEET raises $7.5M in Series A to scale its AI-driven “Intelligent Copilot” for fleet operations. The round was led by Canary, Indicator, and Citrino Ventures, with DOMO.VC, Scale-Up Endeavor, and BluStone also participating.

• 🇧🇷 CUB raises $5.5M in Series A to scale its receivables management platform for real estate. The round was led by Alexia Ventures and Upload Ventures.

• 🇧🇷 Layers raises $3.9M in a pre-Series A to scale its education SuperApp across LatAm. The round was led by Constellation CSI.

Other rounds of funding:

• 🇧🇷 RevisaPrev raises $710K to launch a retirement advance credit solution. The round was led by Bossa Invest and Domo VC, with angel participation.

• 🇧🇷 Olho do Dono raises $413K to expand direct sales of its AI-based cattle weighing tech. The round was led by BR Angels.

• 🇧🇷 Box 24x7 raises $206K to expand its product rental app in São Paulo. The round was led by Anjos do Brasil, Inova Startups, and angels.

• 🇨🇱 Gokei raises $200K to grow its health reimbursement platform and expand in LatAm. The round was led by Buenaonda with regional angel support.

• 🇧🇷 Chefia raises $187K to scale its content and benefits platform for restaurant owners. The round was led by Investidores.vc with Anjos do Brasil participating.

• 🇧🇷 NoLimit raises $150K to develop smart shorts that help athletes prevent injuries. The round was led by Strive to fund its first prototype and U.S. launch.

• 🇧🇷 Indicium receives investment from Databricks Ventures to expand their AI partnership. It's Databricks' first LatAm investment.

• 🇧🇷 Joinin receives its first investment from Parceiro Ventures to accelerate HR platform expansion in Brazil and LatAm. Deal value was not disclosed.

M&A transactions 🎊

🇦🇷🤝🇧🇷 Mercado Pago acquires Brazil’s Nikos DTVM to expand its investment offerings in its largest market.

🇦🇷 Cocos acquires Banco Voii to launch full banking services and expand to Mexico. The fintech manages $1.5B AUM and projects $60–70M revenue in 2025.

🇲🇽 Klar acquires Bineo for $100M to obtain a banking license and accelerate its growth in Mexico. The move positions Klar as a regulated neobank and strengthens its fintech leadership.

🇧🇷 Grupo Alun acquires StartSe to expand into executive education. The deal, valuing StartSe at up to $100M, aims to help Alun reach $1B in revenue by 2026.

🇧🇷 Deskbee acquires Bynd to add corporate mobility to its workplace management platform. The deal includes full acquisition and investor buyout, with Bynd's founder joining Deskbee as CXO.

🇧🇷 Natura signs deal to sell Avon International to holding Regent, excluding Latin America and Russia. The move sharpens Natura’s focus on growth in the LatAm market.

🇧🇷 Economista Sincero acquires Ticker Wealth to double AUM and lead its expansion with a focus on tech and internationalization.

🇧🇷 Bionexo acquires healthtech automation provider Overmind, expanding its SaaS offerings in health management.

🇧🇷🤝🇺🇸 Unico acquires OwnID to boost global identity verification and fight deepfakes with passwordless tech and R&D hub in Israel.

🇺🇸🤝🇦🇷 MetLife acquires 20% of Klimber, fueling insurtech growth to reach 50M clients in LatAm and boost insurance access.

Investor & accelerator news 🚀

🇦🇷 ARCAP reports Argentina’s VC ecosystem has invested $2.5B in 1,400 startups since 2016, with blockchain emerging as key infrastructure. Investments are diversifying beyond Buenos Aires and into sectors like fintech, biotech, and energy.

🇲🇽 Philips Foundation invests $2M to boost healthcare in Mexico via Mamotest and Diagnostikare, enhancing early detection and digital access to care.

Opportunities & Deadlines 👀

• 🇵🇪 Inspira.TECH Fest 2025 lands in Lima on September 24, uniting tech, education, and finance for its biggest edition yet.

• 🇨🇴 L’Oréal & Cambridge open global accelerator for sustainable startups with mentoring, certification & investment links; apply by Oct 15.

• 🇨🇱 inDrive launches 2026 Aurora Tech Award in Chile to empower women-led tech startups with up to $50K in prizes; apply by Nov 12.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 Malevo and Nera now enable farmers to finance sowing, harvesting & spraying via digital credit tools.

🇧🇷 Brazil

• 🇧🇷 Brazilian startups raised $349M in August — down 24% MoM, but up 163% YoY, with 35 deals, per Sling Hub.

🇨🇱 Chile

• 🇧🇷🤝🇨🇱 Avenue Securities launches in Chile via partnership with Banco Itaú Chile to offer US investment products and advisory.

🇨🇴 Colombia

• 🤖🇨🇴 Cluvi launches AI tool Otto to boost restaurant operations in Colombia, with plans to expand across LatAm in 2025.

• 🇨🇴 Frubana shuts down in Brazil, its last market, ending operations despite having raised $271M from top investors.

• 🇨🇴 ePayco launches Suscripciones 2.0, enabling Colombian businesses to easily create subscription payment portals without needing technical expertise.

• 🇨🇴 RapiCredit launches RapiPlazo, a 100% online loan tool, offering credits of $77–103 in 3–4 monthly installments.

• 🇦🇷🤝🇨🇴 Global66 launches a new foreign trade service for Colombian companies, aiming to simplify imports and grow in the region.

• 🇦🇷 Wallbit, backed by Y Combinator, enters Colombia with USD accounts and a Visa card, targeting 10K clients by 2025.

• 🇺🇸🤝🇨🇴 Mondelēz & Ziro have issued 60K+ interest-free loans to boost 8.5K+ small shops in Colombia, advancing inclusive finance.

🇲🇽 Mexico

• 🇲🇽 Tiendanube earns “Made in Mexico” seal after generating $43.5M USD in impact and boosting SME growth across the country.

• 🇲🇽 Stori launches “Solicitar Transferencias”, a feature to securely request money between users—no account numbers or awkwardness needed.

• 🇲🇽🇺🇸 Jeeves launches stablecoin payments between Mexico & U.S., cutting FX costs by up to 80%; Brazil & Colombia next.

🇵🇪 Peru

• 🇵🇪 Cirkula saved users $1.1M with surplus food deals from 1,000+ partners and targets 6,000 stores plus new categories.

🇺🇾 Uruguay

• 🇺🇾 FoodRise, backed by BID Lab and Eatable Adventures, launches in Uruguay as a LatAm agrifood tech hub for 🇦🇷🇺🇾🇵🇾🇨🇱 to boost innovation and food security.

🌎 Other LatAm News

• 🇬🇹💳 ZIGI and Mastercard launch a no-fee debit card in Guatemala, offering cashback, security, and easy access for everyday digital payments.

• 🌎🤝💳 Alegra.com and Visa join forces to offer AI-powered digital tools to SMEs in 🇨🇴 🇲🇽 🇩🇴 🇨🇷—with exclusive perks for Visa Negocios cardholders.

Big company & policy news 💡

📉🇦🇷 Argentina's stock market posts worst global performance in 2025, down -29.4%, driven by political and economic turmoil.

🇧🇷 Vale finalizes $1B joint venture with GIP in Aliança Energia, retaining 30% stake; deal supports debt reduction and reinforces 100% renewable energy matrix in Brazil.

🇧🇷🇺🇸 Mercado Bitcoin issues $200M in tokenized assets on Stellar, bridging 🇧🇷 traditional finance with 🇺🇸 blockchain tech across LatAm.

Interesting reads 💡

🇪🇸 Jorge Galindo (ex-47Degrees) wrote “Why It’s Easier Than Ever to Build Digital Products”

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