Spanish bank BBVA invested USD300m in digital bank Neon to double down in its exposure to the Brazilian financial market. (Press Release) – BBVA has reached an agreement to invest…
"Neon"
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CPPIB & OTPP Acquire IDEAL; General Atlantic & Banco Votorantim Invest in Neon; CPPIB & Cyrela Buy Two Towers in São Paulo
3 December 2019Sign up for the Latin American Private Capital Update, a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and…
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General Atlantic and Banco Votorantim Lead a R$400m Investment in Neon (em português)
18 November 2019General Atlantic and Banco Votorantim led a R$400m investment in Brazilian digital bank Neon, with follow-on from monashees, Quona Capital, Flourish Ventures (formerly part of Omidyar Network), Propel Venture Partners,…
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monashees+, Quona Capital & Propel Venture Partners Lead US$22m Series A in Brazilian Fintech Neon
3 May 2018Propel Ventures Partners, monashees +, and Quona Capital led a US$22m Series A in fintech startup, Neon, the first fully-digital Brazilian bank. The round is Brazil’s largest Series A funding, and included participation from Omidyar Network, Tera, and Yellow Ventures.
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Innova Capital Leads ~USD17m Round for Brazilian Open Finance Platform Celcoin (em portugues)
8 April 2022Innova Capital led a ~USD17m round for Celcoin, a Brazilian open finance infrastructure developer for fintechs targeting the underbanked. Celcoin acquired Galaxy Pay, a Brazilian API for recurring payments with PIX…
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Kinea Ventures Leads ~USD5.4m Series A for Brazilian Credit Consignment Platform Paketá (em português)
13 September 2021Kinea Ventures, the CVC arm of Itaú, led a ~USD5.4m Series A for Paketá, a Brazilian credit consignment platform, with follow-on from Shift Capital. Shift Capital led a ~USD1.8m seed round…
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Y Combinator led a USD2.5m round for Conta Simples, a Brazilian finance management platform enabling SMEs to issue corporate cards to manage supplier payments. Conta Simples raised ~USD2.6m in a round…
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Darwin Capital, angels Marcelo Sampaio (Hasdex) and Roberto Nishikawa (Itau Unibanco), and others invested R$12m in Linker, a Brazilian neobank for SMEs. (NeoFeed) – Original, C6 e Inter foram alguns dos nomes que ocuparam…
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monashees led a R$30m round in Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents. Nomad is founded by Patrick Sigrist (iFood) and Marcos Nader (DocuSign). (Valor Econômico)…
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LAVCA Venture/Tech Member Directory
4 December 2020This directory profiles the core group of LAVCA Member venture investors, corporates, and tech organizations dedicated to supporting startups and the tech ecosystem.
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Crescera and Vulcan Acquire Minority Stake in Brazilian Fintech Nelogica for US$103m (em português)
27 November 2020Crescera Capital and Vulcan Capital have acquired a minority stake in a Brazil-based fintech Nelogica for R$550m (approximately US$103m) at a reported valuation of R$2.9b (approximately US$542m). (Baguete) A Nelogica,…
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General Atlantic led a US$200m investment in dLocal, a Uruguay-based cross-border payment platform, with participation from Addition, a new NY-based fund led by Lee Fixel, former Head of Private Equity…
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Quona Capital led a US$15m round in ADDI, a Colombian point-of-sale lending platform, with participation from Foundation Capital, S7 Ventures, as well as returning investors Andreessen Horowitz and monashees. (Contxto)…
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Quona Capital closed its second fund with US$203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion…
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Ribbit Capital Leads a R$35m Investment in Gorila Invest (em português)
30 September 2019Ribbit Capital led a R$35m investment in Gorila Invest, a Brazilian personal investment management platform, with participation from monashees, Canary and Iporanga Investimentos. (Globo) A Gorila, plataforma de controle e consolidação…
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Distrito & Parallax Ventures to Invest up to R$10m in Brazilian Fintechs (em português)
25 March 2019Distrito and Parallax Ventures are partnering to invest up to R$10m in Brazilian fintechs. Parallax investments include fintechs CERC, Monkey, goLiza, Ali Crédito, Asaas, and healthtech Bright. (Startupi) A plataforma…
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Omidyar Network spun off its financial inclusion investment arm as Flourish Ventures. The new firm launches with US$300m in capital for investments (equity and grant) and operations, and will maintain…
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monashees closed its seventh VC fund, a US$150m vehicle, with participation from international endowments, foundations, family offices, funds, and entrepreneurs. Monashees has raised US$430m to date with 55 active portfolio companies, including Loggi, Rappi, Yellow, Grin, Neon, Mandaê and others.