Hey, it’s Yoel 👋 Back again with the 39th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.

LatAm kept up the pace this week, with fresh momentum in fintech, AI, and digital infrastructure. Activity spanned large funding rounds, strategic acquisitions, and policy shifts shaping the region’s tech future. While Brazil remained a central hub, innovation flowed across borders: from startups scaling up to new global expansions.

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

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Startup funding news 💸

Rounds of $10M+:

• 🇧🇷 CloudWalk raises $570M via FIDC to boost credit receivables at InfinitePay. The round was led by Itaú BBA, with Banco do Brasil BI, J. Safra, Bradesco BBI, and BTG participating.

• 🇧🇷 Justos raises $16.7M to scale its AI-powered auto insurance platform. The round was led by Ribbit Capital, with participation from Kaszek, Endeavor Catalyst, and Scale-Up Ventures.

Rounds $1M to $10M:

• 🇧🇷 UY3 raises $9.1M to expand its credit-as-a-service platform. The round was led by NVA Capital and Vectis, and will fund tech team growth, credit infrastructure, and FIDC-backed offerings.

• 🇨🇴 Trii raises $9M to expand its investment platform and reaches breakeven. The latest round included Crestone, joining Bancolombia, Y Combinator, and others.

• 🇧🇷 Mágio raises $1.6M to scale its Amazonian chocolate brand. The round was led by CBKK. Funds will support expansion, new products, and blockchain-based traceability.

• 🇲🇽 Lounn raises $1M to automate SME credit with AI. The pre-seed round was led by Kolab Ventures and Highline Beta. The funds will scale its digital credit platform and AI-based lending processes.

Other rounds of funding:

• 🇧🇷 Future Cow raises $890K to scale its animal-free milk via precision fermentation. The round included Big Idea Ventures, Antler, FEA Angels, and Anjos do Brasil.

• 🇧🇷 GRTS Digital raises $620K to digitize labor relations. The round was led by Fundo GovTech, with Aleve Legal Tech participating.

• 🇧🇷 Accordia raises $360K to finalize its AI tool for detecting accounting fraud. The investment will expand the data science team and integrate the tech with major Brazilian ERPs.

• 🇧🇷 Norte Media receives investment from Rebels Ventures to scale influencer-led consumer brands. The deal boosts its first success, Guday, and supports future launches in health and wellness.

• 🇧🇷 Just Travel receives investment to digitalize tourism and expand in LatAm. The round included Bossa Invest, Sai do Papel, and 040 Ventures.

M&A transactions 🎊

🇦🇷 Illow is acquired by BigID to scale its cookie consent tech globally. The Argentine startup was backed by Newtopia VC and operates in 70+ countries.

🇧🇷 CRMBonus acquires Oto CRM to expand its presence in physical retail. This is its first acquisition since its Series B, which valued the company at $400M, and includes a strategic partnership with WPP.

🇧🇷 TIVIT is acquired by Almaviva to boost global digital transformation. The deal merges complementary portfolios, creating a $2.2B+ tech group with expanded reach across LatAm and Europe.

Investor & accelerator news 🚀

🇲🇽 Tec de Monterrey opens Ecosistema TECgpt to all universities, promoting AI-powered education through an open-source platform for content creation, automation, and immersive learning.

Opportunities & Deadlines 👀

• 🇨🇱 Transelec Ventures opens a new call for startups to co-develop solutions in market intelligence and operational risk modeling. Deadline: June 23, 2025.

• 🇺🇸🌎 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.

• 🇲🇽 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

• 🇦🇷 Fiwind offers Argentina’s cheapest official USD rate via app, with 24/7 access and CNV registration.

🇧🇷 Brazil

• 🇧🇷 Clara launches Travel Pay after raising $80M, offering VCNs and centralized accounts to streamline corporate travel payments.

• 🇧🇷 SAIO, spun off from A&EIGHT, becomes an independent AI company aiming to generate $9.2M in client revenue with SEO and content automation.

🇨🇱 Chile

• 🇨🇱 Rocketbot expands globally with pilots across three continents and prepares for its Rocketbot Summit 2025 in Chile.

• 🇨🇱 Check partners with Klog and SimpliRoute to integrate global logistics, warehousing, and last-mile delivery with AI and real-time data.

🇨🇴 Colombia

• 🇨🇴 Instaleap joins Endeavor Colombia to boost global growth and digitalize retail logistics in 30+ countries, serving clients like Walmart.

🇲🇽 Mexico

• 🇲🇽 Vetalia, a pet care startup, raised funding to expand beyond Mexico City, launching in Monterrey and aiming for 50+ clinics across LATAM.

🇵🇪 Peru

• 🇵🇪 Do Payment launches Do Pay, a pay-in solution with full proprietary infrastructure, enabling faster, cheaper settlements across LatAm.

• 🇵🇪 Yape now lets users pay bills, tuition, insurance, and more; also leads Bolivia's fintech market with 3M+ users.

🇺🇾 Uruguay

• 🇺🇾 dLocal secures licences in UAE, Turkey, and the Philippines to expand cross-border payment services and streamline remittances.

🌎 Other LatAm News

• 🇨🇳🇪🇨 Temu plans to enter Ecuador after meeting with the Production Minister, aiming to invest in logistics and expand e-commerce operations in the country.

Big company & policy news 💡

🇦🇷 Argentina remains excluded from MSCI global indices, still classified as a "standalone market" due to low liquidity and investor access, limiting foreign capital inflow.

Interesting reads 💡

🇧🇷🇺🇾🇦🇷 Karina Merli published “Do Mercado Livre à aposta no Nubank”, a detailed piece on how Kaszek evolved into LatAm´s top VC fund. It traces the journey from founding Mercado Libre to early bets on Nubank, fintechs, and now AI.

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