Hey, it’s Yoel 👋 Back again with the 41st edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.

LatAm had a slow funding week, but Klar’s $190M round stole the spotlight. While new deals were scarce, M&A stayed hot with moves by BigID, FiT, and Lance!. Governments and corporates kept pushing, showing the region’s innovation wave isn’t fading, just regrouping for the next push.

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

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Startup funding news 💸

Rounds of $10M+:

• 🇲🇽 Klar raises $190M to expand its fintech offerings in Mexico. The Series C round was led by General Atlantic and included $170M in equity and $20M in venture debt, with participation from Santander, Televisa, and Grupo Fórmula.

Rounds $1M to $10M:

• 🇧🇷 AlugaMais raises $1.8M to expand rent advance and credit services. The round was led by SRM Ventures.

• 🇦🇷 Lazo wins $1M from AlleyCorp after taking top prize in the Peerless Pitch 2025. The SaaS startup offers AI-powered legal, financial, and fundraising tools for LatAm founders in the U.S.

Other rounds of funding:

• 🇧🇷 MySide raises $920K to expand nationally and grow its Buyer’s Agent model. The round was led by Hiker Ventures and Terracotta Ventures.

M&A transactions 🎊

🇦🇷 illow is acquired by BigID to strengthen global privacy and consent management offerings. Backed by Newtopia VC, the Argentine startup raised $500K in pre-seed funding and will continue scaling its cookie consent platform under BigID’s umbrella.

🇧🇷 Lance! acquires Arquiba to boost fan engagement and expand into sportstech. The app, which enables stadium check-ins and loyalty rewards, will integrate with Sócio Lance! and enhance Lance!’s digital platform.

🇧🇷 Selbetti acquires Eiprice to enhance its retail tech portfolio. The move strengthens its Retail Experience unit with AI-based pricing and monitoring tools for e-commerce and physical stores.

🇨🇴 Neurona is acquired by FiT, part of Constellation Software Inc., to scale its payment infrastructure across LatAm. The Colombian company will operate independently while supporting FiT’s regional fintech expansion.

Investor & accelerator news 🚀

🇨🇴 a2censo leads Colombia’s crowdfunding with 96% market share and joins Nuam to build a regional SME financing hub across LatAm.

🇲🇽 Santander México and FIRA launch $55K seed fund for agtech startups via the 2025 Reto Santander Sostenible, promoting scalable green innovations in agriculture.

🌎 IFC commits $50M to Victory Park Capital to boost SME lending in emerging markets, with a focus on fintech in Mexico and Colombia.

Opportunities & Deadlines 👀

• 🇺🇸🌎 AWS opens applications for the Generative AI Accelerator 2025 to support 5 LatAm startups; deadline is July 10.

• 🇲🇽 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.

• 🇧🇷 Indovinya opens applications for its agri-chemicals challenge on biodegradable dispersants. Deadline is July 27, 2025.

• 🇲🇽 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.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 DiDi partners with Autonomy to boost female driver inclusion in Argentina through a rent-to-own model for 0km cars, training, and fixed weekly rates.

🇧🇷 Brazil

• 🇧🇷 Cidadania4u hits $20M in revenue and opens a new office in Uruguay to expand its European citizenship services via BeCivis.

• 🇧🇷 NEO Estech announces a $3.87M expansion plan through 2027 to boost its presence in food retail, aiming to reach 70% sector share.

🇨🇱 Chile

• 🇨🇱 NotCo teams up with PepsiCo to launch plant-based snacks, with more global collaborations planned for 2025.

• 🇨🇱 Hispatec launches AI assistant Margaret PA in Chile to boost agtech efficiency via WhatsApp for fruit and vegetable producers.

🇨🇴 Colombia

• 🇨🇴 AAvance is selected by the WFP Innovation Accelerator to scale its digital transfer platform, backed by Visa, Payments Way, and Coopcentral.

• 🇨🇴 Go Bravo partners with Sura Invest Management to recover over $20M in delinquent debt via recapitalization and credit plans.

• 🇨🇴 trii partners with Mibanco to launch a digital CDT with flexible terms and competitive rates to boost savings in Colombia.

• 🇨🇴 Koji and Sciphage receive $108K each from Eatable Adventures to scale their foodtech solutions and expand into Brazil and Europe.

🇲🇽 Mexico

• 🇲🇽 Finco Pay is approved as a regulated fintech (IFPE) in Mexico, becoming the 87th firm under the country’s Fintech Law.

• 🇲🇽🤝🇧🇷 Ebanx partners with Aplazo to launch its first BNPL integration in Mexico, expanding digital credit access amid rising local demand.

• 🇲🇽 Bravo receives “Hecho en México” seal for its fintech debt resolution model. Active in 6 countries, it plans 5M financial advisories globally by 2030.

• 🇲🇽 Nu México reaches 12M users, covering 25% of the banked. 60% use less cash, and half save digitally via “Cajitas.”

• 🇨🇱 Flow expands to Mexico to humanize digital payments, offering multi-channel solutions for SMEs and large businesses across LatAm.

🇵🇪 Peru

• 🇵🇪 Ligo launches an interoperable QR code to enable digital payments without bank accounts, targeting entrepreneurs and boosting financial inclusion.

• 🇦🇷 Sitio de Tiendas relaunches in Peru, aiming for 20–30 digital business sales worth $3M by 2026. The marketplace has valued 261 sites at $68M.

🇺🇾 Uruguay

• 🇺🇾 Cryosmetics plans 2026 relaunch and 2027 international expansion, backed by GridX and ANII, with tech innovations in skin microbiome analysis.

🌎 Other LatAm News

• 🇺🇾 Prex expands to Paraguay and plans further LatAm growth, adding to its presence in Uruguay, Argentina, Chile, and Peru.

Big company & policy news 💡

🇬🇧🇧🇷 Wise names São Paulo its LatAm tech hub and plans to double Brazil staff by end of 2025, focusing on regional product innovation.

Interesting reads 💡

🌎 VC funding in LatAm dropped to $2.9B across 335 deals in H1 2025, its lowest since 2016, driven by global uncertainty and fewer U.S. investors, per PitchBook.

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