Hey, it’s Yoel 👋 Back again with the 43rd edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
This week, the ecosystem saw a wave of mega fintech rounds, bold market expansions, and strategic global recognitions. From $100M+ raises to infrastructure megadeals and AI rollouts, the region’s tech and venture scene is charging ahead: fast and fearless.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Creditas raises $143M via a new FIDC to finance auto loans in Brazil. The fund saw $412M in demand, and the fintech has now raised nearly $896M through FIDCs to date.
🇧🇷 Canopy raises $100M to acquire mature software companies and launch operations in Brazil. The round was led by Bessemer and Cloud9, aiming to build one of the country's largest software platforms.
🇧🇷 NG.Cash raises $27M to expand AI-powered credit tools for Gen Z users in Brazil. The Series B was led by L4 Venture Builder, with participation from Vox Capital and Monashees.
🇦🇷 Puna Bio raises $11M to scale climate-resilient bioinputs. The round was led by Corteva Catalyst, with Gates Foundation and others joining.
🇨🇱 Maxxa secures $10.6M to expand SME lending in LatAm. The deal was led by Symbiotics and advised by Delphos, supporting long-term credit access for underbanked businesses.
🇧🇷 Nexa raises $4.5M to expand its AI-driven tokenization platform. The seed round was led by MAYA Capital, with support from Norte Ventures, Newtopia, and others.
🇧🇷 TAO DEO raises $900K from its founders to launch a line of natural, vegan, and hypoallergenic deodorants. The funds will support market entry and digital marketing efforts in Brazil.
🇧🇷 RegDoor raises $750K to build a global AI-powered regulatory infrastructure. The pre-seed round was led by Antler with strategic angel investors participating.
🇨🇱 LicitaLAB raises $450K to scale its AI-driven public procurement platform. The round was led by Magical and Imagine Ventures to expand in Chile and Peru.
🇲🇽 SPAKIO raises an undisclosed amount in a seed extension to expand its digital co-storage platform. The round included Tantauco Ventures and follow-on investments from Liverpool Ventures and VARIV.
🇲🇽 Efektiva raises undisclosed amount from Alaya Capital to automate due diligence with AI. The funds will support regional expansion and enhance its B2B risk analysis platform.
🇲🇽🤝🇱🇺 Pinfra sells Altamira port unit to Terminal Investment Limited Holding for over $800M to boost liquidity and reinvest in Mexican infrastructure.
🇧🇷 BluStone raises $10.7M for its logistics and transport-focused VC fund, targeting investments of $360K–$720K each. The fund aims to reach $17.9M by year-end to back 15–20 startups with expected returns of ~30% annually.
🇧🇷 Start Growth to invest $900K in marketing and sales startups. Selected companies will also receive strategic support to scale commercially.
🌎 Circulate Capital closes $75.8M fund to scale recycling and circular economy solutions across LatAm and the Caribbean. New partners include iAlumbra, Heading for Change, Sea Forward, and LATAM Impact Fund.
🚀 Decelera Ventures opens applications for Decelera México 2025, a 7-day immersive program in Riviera Maya for 20 impact startups offering mentorship, strategic validation, and investment opportunities up to $300K, with follow-on funding potential up to $2M. 📄 Read the full press release here.
🇨🇷 Costa Rica Tech Week 2025 runs July 21–27 with 20+ decentralized events, spotlighting innovation, AI, and tech entrepreneurship.
🇧🇷 Indovinya opens applications for its agri-chemicals challenge on biodegradable dispersants. Deadline is July 27, 2025.
🇧🇷 Innovation Labs by V8.Tech opens submissions until July 31 for a hackathon focused on solving real business problems with AI.
🇲🇽 Daikin launches AirTech Challenge 2025 for HVAC startups. Winners pitch in Monterrey and win a trip to Japan. Deadline: July 31, 2025.
🇦🇷 eAwards Argentina 2025 offers $10K for startups with social impact; winner competes for $100K at Global eAwards in Lima. Deadline: August 18.
🇦🇷 DescentralizAR 2025 hosts free Bitcoin events in Posadas, Paraná, and Resistencia. Dates: Aug 22, 29 & Sept 12.
🇲🇽 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.
🇦🇷 Ualá named among the world’s top 35 neobanks by CNBC and Statista, recognizing its innovation and growth across LatAm.
🇦🇷 Orbith launches multiorbit satellite internet in Argentina, combining LEO and GEO satellites to cut costs by up to 45% and expand rural connectivity.
🇨🇱🇦🇷 Global66 invests $3.2M to set up a regional fintech and tech hub in Argentina. The funds will expand operations and support service scalability.
🇵🇾🇦🇷 Atómico 3 suspended by Argentina’s CNV over irregularities in its lithium crypto index; project on hold pending review.
🇧🇷 Empiricus Asset unveils EBIT11, the first Bitcoin ETF on B3 managed by BTG Pactual, offering exposure to Bitcoin with a 0.39% annual fee.
🇧🇷 Magie, a WhatsApp-based digital bank, targets 20% of Pix via Open Finance after processing $179M in instant payments.
🇧🇷 180 Seguros triples premiums to $68.8M ARR, leading the embedded insurance market in LatAm with $5.7M issued monthly.
🇧🇷 Tivita launches AI agents for clinics and projects $28M in 2025 transactions, after raising $6M from Maya Capital and FinTech Collective.
🇧🇷 Saber em Rede paid out $3.3M in commissions and enabled 100K+ students to access higher education via its referral platform.
🇧🇷 Afferolab invests $1.8M in AI tools and a Data Hub to boost corporate training and competency tracking.
🇧🇷 Nu Holdings stock rose 13% in a month, backed by 118.6M users and 29% sales growth forecast for 2025 across LatAm.
🇨🇱 Capta Hydro expands smart irrigation tech to Mexico and Peru, replacing manual systems with real-time data tools to boost water efficiency.
🇨🇱 Jooycar launches Wings, a rewards-based driving safety program in partnership with Seguros SURA, aiming to reduce road accidents across LatAm.
🇨🇱 EVoting launches a digital system to automate candidate registration, enhancing election efficiency for institutions across LatAm.
🇨🇱 Palpa expands to Switzerland, seeking a strategic partner to scale its healthtech platform in Europe.
🇨🇱 Fleet Space deploys ExoSphere in LatAm mining to cut drilling costs by 60% and 4x exploration success, with Río Tinto and Barrick onboard.
🇨🇴 Bink launches Visa card in Colombia to centralize employee benefits and targets 1,000+ companies in its first year across LatAm.
🇨🇴 Hula launches an AI-powered platform to automate payment reconciliation in LatAm, aiming to cut costs and boost financial visibility.
🇨🇴 Minka processed $10.6B in 2024 to scale real-time payments. Now part of Endeavor, it eyes regional expansion via its interoperable payment hub.
🇨🇴 Monet reaches $350K monthly revenue and closes a funding round to expand credit access for underserved Colombians.
🇨🇴🤝🇦🇷 Clinng Payments partners with MOVii to enable real-time, secure interbank transfers in Colombia via Transfiya.
🇲🇽 Banco Plata raises $120M via bond issuance to support growth and refinance debt, nearing $1B invested in Mexico.
🇲🇽 Finco Pay gains CNBV approval to operate as an IFPE, becoming the second authorized fintech in Mexico in 2025.
🇲🇽 ALTOUR México and Mendel form a strategic alliance to offer integrated business travel and expense management solutions in LatAm.
🇲🇽 Bonum launches Clara, an AI chatbot to help employees handle difficult workplace conversations empathetically and productively.
🇵🇪 Grupo Prestamype joins Endeavor to scale its fintech across LatAm and boost inclusive finance with tech and strategic growth.
🇨🇱🇵🇪 Kupos invests $10M to expand in Peru, targeting a $500M valuation with transport, fintech, and energy services.
🇦🇷 VML Argentina reports that multibanking is rising, with users holding accounts in 2.7 institutions on average; Mercado Pago leads with 81% usage but traditional banks remain primary.
🇧🇷 RT-One to invest $1B in a high-performance AI-focused data center in Uberlândia. The project will create 2,000 jobs and aims to be one of the largest in LatAm.
🇨🇴 Colombian government reactivates iNNpulsa and Colombia Productiva operations through a resolution unlocking funds after months of budget paralysis and public criticism.
🇨🇳🇲🇽 Alibaba Cloud launches its first cloud region in Mexico to accelerate digital transformation. The initiative aims to serve key sectors and connect LatAm with Asia.
🇪🇸 Miguel Carranza (RevenueCat) published a series of tweets about their most recent hiring process, including “few tips to help your chances in today's employer's market, based on what I've seen”
