Hey, it’s Yoel 👋 Back again with the 63rd edition of Dealflow LatAm: your go-to source for all the deals, moves, and momentum in the region’s startup scene.

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

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Startup funding news 💸

Rounds of $10M+:

• 🇲🇽 Jeeves raises $100M to expand credit capacity and scale its expense management platform. The round was led by CIM.

• 🇨🇴 Kala raises $55M in debt to expand credit access for the unbanked in Colombia, reaching a total of $61M to boost financial inclusion.

• 🇨🇴🇵🇦 Colombian fintech holding IRIS (Excelcredit + Koa) raised $50M via corporate bonds in Panama to fuel regional credit expansion.

• 🇧🇷 Eve Air Mobility raises $36.9M from BNDES to advance eVTOL development and certification.

• 🇧🇷 EVEO raises $18.5M from XP Asset to expand cloud infrastructure and target $100M in revenue by 2030.

• 🇧🇷 Crown raises $13.5M Series A led by Paradigm after launching its real-backed stablecoin BRLV; company now valued at $90M.

• 🇧🇷 Caveo closes $10M Series A led by Zenda, with backing from Enseada, ONEVC, and Afya, to expand its fintech platform for doctors.

• 🇧🇷 Kamino raised $10M to expand its AI-driven finance platform for mid-market CFOs, automating cash flow, analytics, and decisions.

Rounds $1M to $10M:

• 🇨🇴 Rocasol raised $7.9M from Skandia to deploy 400+ solar systems for homes and SMEs, saving users up to 90% on electricity.

• 🇲🇽 Luca Learning Systems raises $7.5M Series A led by 6 Degrees Capital, with backing from Explorer, Heartcore, and Shilling VC.

• 🇧🇷 Klubi raises $5.9M in a Series A extension to boost tech, product expansion, and AI use. The round included Pátria, L4 Venture Builder, and Cyrela.

• 🇲🇽 Grupalia raised $4.8M pre-seed to digitize group lending in Mexico, enabling loans 7x faster and funding 9K+ microbusinesses.

• 🇧🇷 FlyMedia raises $3.7M to develop AI influencers and global digital IPs. The round was led by OneVC with global investor participation.

• 🇨🇱 PhageLab raises $3.5M via convertible notes to scale biotech solutions, backed by Kaszek Ventures and others.

• 🇧🇷 Morada.ai raises $3.1M to expand its AI-driven real estate platform. The round was led by Parceiro Ventures.

Other rounds of funding:

• 🇧🇷 FlowCredi raises $645K to grow its home equity credit platform. The pre-seed round was led by Verve Capital and Norte Ventures.

• 🇧🇷 Lead Energy raises $370K to expand in renewable and low-voltage energy markets. Backed by Desenvolve SP-FINEP and Anjos do Brasil investors.

• 🇵🇪 Intelligenio raises $200K in public funds to deploy its self-sustaining EV charger Genio One and will open a U.S. office in 2026 to expand across LatAm.

M&A transactions 🎊

🇦🇷 Buenbit was acquired by global crypto platform Nexo to scale digital asset services across LatAm, combining local reach with $11B global infrastructure.

🇦🇷 Flybondi owner Leonardo Scatturice takes over OCA to build a regional logistics hub with OCP Tech.

🇧🇷 BASE Digital acquires Atendo to integrate AI into its platform and targets $9.2M in revenue.

🇧🇷 Árvore merges with SuperAutor to launch U.S. ops in 2026, with 150+ school partners and 4M students served.

🇺🇸🤝🇧🇷 UnitedHealth sells Banmedica to Patria Investments for $1B, exiting LatAm to refocus after major losses in Brazil and Chile.

🇲🇽 Banorte received antitrust approval to sell digital bank Bineo to Klar; deal still awaits green light from Mexico’s Finance Ministry and CNBV.

🇲🇽 NEUBOX acquired eFirma.com to boost digital maturity among SMEs by integrating electronic signature and identity verification tools.

Investor & accelerator news 🚀

🇧🇷 BluStone raises $12.9M to back logistics startups via Fund II, bringing its AUM to $18.5M.

🇧🇷 Investments in construtechs fell to $3M in 2025, down from $12.6M in 2024, according to Liga Ventures, which mapped 267 active startups in the sector.

🇨🇱 Bci will invest $150M in Chilean startups by 2026, focusing on female and silver entrepreneurship, and expanding its NACE coworking network.

Opportunities & Deadlines 👀

• 🇧🇷 GITEX LATAM debuts in SP on Mar 16 2027, bringing the world’s largest tech and innovation event to boost digital transformation and global partnerships.

• 🇲🇽 Bitso Business confirms the Stablecoin Conference LatAm 2026, gathering global leaders on stablecoin innovation in Mexico City; 📅 June 15–16.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 Credicuotas returns to capital markets, raising $23.9M (ARS $15.3B + USD $12.3M) via two bonds to expand loans and users for 2026.

• 🇪🇸🇦🇷 Vueling partners with Háblalo to assist passengers with speech or language barriers, offering offline support and real-time translation.

🇧🇷 Brazil

• 🇧🇷 WideLabs expands Brazil’s AI infrastructure with a sovereign platform for regulated sectors, boosting digital autonomy and regional collaboration.

• 🇧🇷 Otto launches AI-powered CFO-as-a-service platform to scale from 15 to 1,500 clients. The startup is backed by Equity Group.

• 🇧🇷 Cora launches Central de Benefícios, offering PMEs perks via partners like Descomplica, Flash, and Sua Quadra to boost retention and usage.

• 🇧🇷 Tela N5X hits $184.5M in energy trades in 6 months and rolls out a bilateral credit risk API to boost efficiency in Brazil’s free energy market.

• 🇧🇷 Juros Baixos teams up with RecargaPay to offer personal loans on its platform, expanding credit options and boosting approval rates in Brazil.

🇨🇱 Chile

• 🇨🇱 Talana gathers 200+ HR leaders at Claro Arena to explore how AI, data & well-being will reshape HR strategies in LatAm by 2026.

• 🇨🇱 Lab4U, EdTech using AI for science education, won the Global EdTech Award at the QS Reimagine Education 2025, called the “Oscars of education”.

• 🇦🇷 Mercado Pago to launch credit card in Chile in 2026 aiming to rival traditional banks and expand its fintech footprint in LatAm.

• 🇧🇷 Monkey expands in Chile via alliances with Indexa and Xinergy to boost SME invoice financing. The fintech aims to grow across LatAm and the U.S.

🇨🇴 Colombia

• 🇨🇴 Slalom recognized as a top-10 workplace in Colombia🏅, boosting the country’s appeal as a regional tech talent hub.

• 🇨🇴 DRUO named one of the top 20 most promising startups at 4YFN Awards 2026 for its direct bank payments platform transforming financial infrastructure.

• 🇨🇴 Cobre processed over $17B in B2B transactions in 2025, driven by clients in tech, retail, finance, logistics, and more.

• 🇦🇷 GatekeeperX expands to Colombia bringing AI-native fraud prevention to bolster digital security in finance and e-commerce.

🇲🇽 Mexico

• 🇲🇽 Laika relaunches in Mexico with a premium model: own warehouses, strict quality checks, and same-day delivery to transform pet care.

• 🇨🇱 Fintoc gets direct access to 🇲🇽 SPEI, launching Transfers to simplify real-time payments for businesses and fintechs across Mexico.

🇵🇪 Peru

• 🇵🇪 Tumi Robotics grew from a university project into a mining robotics startup active in 3 countries, eyeing Mexico and Canada.

• 🇵🇪 Crafters, Crucero Miramar, Wawki, and Don Manrique are finalists in TikTok’s Emprende en TikTok program.

• 🇺🇾 Prometeo enabled instant Pix payments at the Copa Libertadores final in Lima, letting Brazilian fans spend $70M via QR codes.

🇺🇾 Uruguay

• 🇺🇾 Prometeo launches Name Match to enhance bank account ownership verification in the U.S. via its API, helping reduce fraud and payment errors.

🌎 Other LatAm News

• 🇵🇪 Yape becomes 🇧🇴 Bolivia’s top digital wallet with 3.7M+ users, aiming to reach 50% of the population by 2028 and roll out credit services.

Big company & policy news 💡

🇺🇸🇦🇷 AWS to grant $48M in cloud credits to Argentine startups via AWS Activate, boosting early-stage tech with cloud tools, support, and training.

🇦🇷 Fintechs push for crypto tax relief amid reform demanding equal treatment on the 1.2% Cheque Tax to stay competitive.

🇦🇷 Milei’s labor reform declares Rappi and Uber workers as independent contractors, not employees.

🇧🇷 Tax Reform begins in 2026 with CBS at 8.8% in 2027 and IBS gradually increasing until fully replacing ICMS and ISS by 2033.

🇧🇷 TIP Brasil invests $92.2M in a new Tier 3 datacenter in Campinas to expand colocation and cloud services.

🇲🇽 Tec de Monterrey and Nuevo León’s Economy Ministry formalize alliance; SE officials get coworking space at Expedition FEMSA to boost entrepreneurship.

Interesting reads 💡

🇧🇷 LAVCA names 77 Brazilian women among 223 “Top Women Investors,” highlighting strong female representation in VC/PE, mainly in SP but also beyond.

🇨🇳🇲🇽 Chinese companies are reshaping Mexico City’s Nuevo Polanco, with a growing Chinese tech workforce boosting restaurants, supermarkets, and services, reflecting China’s rising direct investment in the country.

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