Global investor Continental Grain Company (CGC) has closed an investment in Multifoods, a Peru-based contract-manufacturing firm supplier of shelf-stable food and beverage products serving grocery retailers and CPG companies. (Press…
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H.I.G. Invests US$65m in Modern Logistics; iFood Acquires Majority Stake in Domicilios; NextEnergy Acquires Solar Plant in Mexico
April 14, 2020Sign 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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iFood Acquires Majority Stake in Domicilios
April 8, 2020iFood completed a majority acquisition of Domicilios, which Delivery Hero acquired in 2014. iFood will own 51% of the JV with Delivery Hero. The transaction is undisclosed but one of…
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Advent Exits Colombia’s Alianza in Sale to Australis; Naspers, Innova, & Movile Invest US$500m in Brazil’s iFood; Ivanhoé Cambridge Forms US$890m JV with Prologis
November 14, 2018Sign 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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Naspers, Innova Capital, and parent company Movile invest US$500m in Brazil’s iFood. Current investors Naspers and Innova are injecting US$400m, while Movile is providing the additional US$100m. Movile’s contribution is coming from a US$124m investment announced by the same shareholders in July.
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Sign 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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On the heels of a US$124m fresh capital injection, iFood acquired Rapiddo for an undisclosed amount. Both companies are backed by Movile. iFood also acquired the Brazilian operations Pedidos Ya
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Movile raised a fresh US$124m round of financing for iFood, led by Naspers, with participation from Innova Capital. Last year, Movile raised US$82m for iFood and US$53m for Movile, also from Naspers and Innova Capital.
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Naspers & Innova Capital Invest US$82m in Movile to Expand iFood
December 7, 2017South Africa-based media conglomerate Naspers and private equity firm Innova Capital made a US$82m investment in Movile to increase the company’s stake in iFood. (TechCrunch) To hear Naspers and the…
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Movile and Just Eat injected another US$30m into iFood, the leading online food ordering platform in Latin America, just a year after a US$50m Series E. The funds will be used to expand its operations and establish a presence in Mexico by acquiring a portion of SinDelantal. Movile, in turn, raised a US$40m Series F last month from Naspers and Innova Capital.
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SpoonRocket Finds a Home with Brazil-based iFood
March 16, 2016(TechCrunch) Brazil-based iFood, a food delivery platform looking to dominate the on-demand economy in Latin America, has bought the on-demand food delivery startup SpoonRocket. Terms of the deal were not…
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Movile’s iFood Acquires Devorando (em português)
February 12, 2016(Baguete) Movile’s food delivery platform, iFood, acquired Devorando for an undisclosed amount expanding both businesses reach across Brazil.
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(Tech Crunch) Latin American mobile commerce powerhouse Movile and Just Eat, the global online take-out service, have announced a US$50m investment in Brazil’s leading food delivery service, iFood. The raise…
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Breakout Brazilian Food Delivery Service iFood Acquires Papa Rango and Alakarte To Expand Across Brazil
October 23, 2014(Webwire) iFood is announcing the acquisition of Papa Rango and Alakarte , two competitors in Brazil’s fierce market for food deliver y services. With these acqu isitions, iFood brings eighteen…
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British Food Delivery Giant Just Eat Forms Joint Venture with Brazil’s iFood
September 19, 2014(Dealbook) Just Eat, the British online food-ordering giant that has been expanding globally, has decided to join the competition in Brazil rather than continue fighting it.
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(Startupi) Warehouse Investments, a venture capital fund created 3 years ago, made its first exit by selling its entire stake in iFood to Movile. According to Moises Herszenhorn, CEO of…
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Movile Invests $2.6m in Brazilian Delivery Startup iFood
February 6, 2013(TechCrunch) In the U.S., when we’re hungry and feeling lazy and don’t want to cook, we’ve got GrubHub and Seamless to order food from online and on mobile apps, and…
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NY-based growth equity firm Stripes led a USD32m Series A+ for Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents, with participation from monashees, Spark Capital, Proporel Ventures,…
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NY-based PE Lightsmith Group led a USD60m round for Solinftec, a Brazil- and US-based farm analytics and operations management platform, with follow-on from Unbox Capital and Circularis Partners. Unbox Capital…
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San Francisco-based Altos Ventures led a USD16.7m Series A for Galena, a Brazilian professional upskilling platform for public school graduates, with participation from Owl Ventures, Globo Ventures, Reaction and Exor,…
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Valor Capital Group Leads USD10m Series A for Brazilian Inventory and Sales Management Platform Dolado
April 6, 2022Valor Capital Group led a USD10m Series A for Dolado, a Brazilian inventory and digital sales management platform for SMEs in city peripheries, with participation from IDB Lab, Flourish Ventures,…
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Blue Like an Orange invested USD10m in Tembici, a Brazilian micro-mobility platform focused on bikes with operations in Chile and Argentina. Crescera Capital led a USD80m Series C in October…
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DN Capital Leads ~USD22.2m Series A+ for Brazilian Healthtech Sami
December 14, 2021UK-based VC DN Capital led a ~USD22.2m Series A+ for Sami, a Brazilian healthcare plan management platform for SMEs, with follow-on from monashees, Valor Capital Group and Redpoint eventures. Valor Capital…
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GIC Leads USD50m Series A for Brazilian Credit Issuance Platform QI Tech
November 16, 2021GIC led a USD50m Series A for QI Tech, a Brazilian API-based credit issuance platform. (Press Release) – QI Tech, fintech that provides a range of financial services through APIs…
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Brazilian Car Insurtech Justos Raises ~USD35.8m Series A from SoftBank, KASZEK and Others
October 25, 2021Justos, a Brazilian pre-launch car insurance platform, raised a ~USD35.8m Series A from SoftBank and GGV, with follow-on from KASZEK, BigBets and angels David Velez (Nubank) and Carlos Garcia (Kavak). KASZEK…
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Flourish Ventures and GFC Lead USD10m Series A for Brazilian Wholesale Marketplace Merce do Bairro
October 21, 2021Flourish Ventures and GFC led a USD10m Series A for Merce do Bairro, a Brazilian same-day delivery wholesale marketplace for SMEs, with follow-on from DOMO Invest, Alexia Ventures, Prana Capital,…
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Crescera Capital led a USD80m Series C for Tembici, a Brazilian micro-mobility platform focused on bikes, with participation from Endeavor Catalyst and Pipo. Tembici raised a USD47m Series B led by…
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monashees and Valor Capital Group Lead ~USD4.6m Round for Brazilian Financial Management Platform BHub (em português)
September 22, 2021monashees and Valor Capital Group led a ~USD4.6m pre-seed round for BHub, a Brazilian accounting and financial management platform for SMEs, with participation from QED Investors, Clocktower, Addition, Picus Capital,…
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Company: Movile Investors: Nasper’s Prosus Ventures, Innova Capital Brazil Interview with: CEO Patrick Hruby Brazil-based internet holding Movile recently raised USD200m in follow-on financing from Prosus Ventures in August 2021 to expand…
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Prosus Invests USD194m in Brazil’s Movile
August 2, 2021Prosus Ventures invested USD200m in follow-on financing in Brazil-based internet holding Movile. The capital will go towards expanding Movile’s companies, including iFood, MovilePay, Zoop and Mensajeros Urbanos. (LABS News) The…