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LAVCA Announces 2024 10th Annual Deal Awards

22 May 2024

Senna Bayasgalan
[email protected] 

LAVCA Announces Tenth Annual Deal Awards

Institutional Investors Select Patria, Deetken Impact, Linzor, DOMO.VC, HiLab and H.I.G.Capital for Environmental, Social, Gender & Diversity, Innovation, Better Tech and Private Capital Deal of the Year Categories

NEW YORK, 28 May, 2024 – The Association for Private Capital Investment in Latin America (LAVCA) announced the winners of the 10th Annual LAVCA Deal Awards to recognize outstanding investments by fund managers in the region, specifically targeting environmental, social, gender diversity and innovative initiatives. 

About the 2024 Latin American Private Capital Deal Award Winners: 

Patria Investments received the 2024 Environmental Responsibility Award for its investment in Frooty, a leading Brazilian açaí sorbet manufacturing company, with more than 20,000 points of sale within Brazil and exports to 13 countries across America, Europe, Asia, and Oceania. Frooty supports over one thousand families, sources ~90% of its inputs from small Amazonian producers and environmental programs protect 40,000 hectares of the Amazon rainforest. 

Deetken Impact received the 2024 Social Impact Award for its investment in Puntored, a Colombian company providing digital financial services to small business owners. Puntored enables over 75,000 shopkeepers in 938 municipalities to earn extra income through fee-sharing. Women operate 60% of Puntored’s “tiendas” and hold 38% of senior management positions. 

Linzor Capital Partners received the 2024 Gender & Diversity Award for its investment in Sies Salud, a Colombian healthcare provider for chronic diseases. Leading in HIV care, Sies Salud operates a mobile clinic for underserved areas, supports women in La Guajira and Chocó with income and food security programs, and began serving Sampues’ 42,500 rural residents in 2023. 

DOMO.VC won the 2024 Innovation Award for its investment in Stattus4, a Brazilian company focused on limiting the waste of natural resources through pipeline systems. Stattus4’s technology swiftly detects and repairs leaks, cutting repair time from 180 to 3 days on average. Since DOMO’s investment, Stattus4 has saved 127,021 cubic meters of water, equal to 50 Olympic pools, benefiting about 38,000 people monthly. 

HiLab, nominated by Altitude Ventures, received the 2024 Better Tech Award for its portable diagnostic device in Brazil. Conducting blood exams in just 15 minutes with a drop of blood and an internet connection, HiLab has performed over 4.7 million exams, benefiting more than 2.9 million individuals in 629 cities. Priced 65% lower than regular exams, HiLab enhances affordability and accessibility, reaching regions like Betânia do Piauí (PI), Kayapo, Yanomami, Xingu, and the Amazon. 

H.I.G. Capital received the 2024 Private Capital Deal of the Year Award for its investment in Eletromidia, a leading Brazilian OOH advertising company. Managing over 64,000 panels reaching 22 million people daily, Eletromidia’s strategic growth includes eight successful M&A transactions since 2013. Its innovative “Guarded Bus” project transforms bus shelters into secure havens with cameras, microphones and internet connectivity, benefiting vulnerable groups, particularly women.  

The winners of the 2024 Latin American Private Capital Awards were selected by a distinguished panel of institutional investors from development finance institutions, insurance companies, pension funds and trusts. Additional information about the awards can be found here. 

Senna Bayasgalan
[email protected]