LAVCA DATA

LP Commitments Platform

LAVCA members now have access to a detailed database of over 1,600 LP commitments to funds in Latin America through the LAVCA data portal. LAVCA’s LP data is collected from proprietary surveys, regulatory filings, press releases, public disclosures and secondary sources. All data can be filtered and exported. This resource complements our existing interactive database of transactions, funds and startups in Latin America.

Any questions, just reach out directly to me or to Emanuel Hernandez. 

The Biggest Raisers: A Closer Look

As part of LAVCA’s 2025 Trends in Tech report, LAVCA Research mapped the universe of  Latin American startups that have raised USD150m+ in cumulative financing, are still active and have yet to list or get acquired.

Among the group, fintechs have raised the most capital since 2023, with notable exceptions in proptech — such as La Haus, Habi, Loft, QuintoAndar — and in e-commerce, including Merama and Jüsto, along with other sectors.

Deals

▸ Valor Capital Group and QED Investors led a USD27m round for Capim, a Brazilian financial management platform for dentists, with participation from Endeavor Catalyst, Credit Saison, Actyus and follow-on from ONEVC, Canary and NXTP.

▸ AGTECH | KASZEK led a ~USD15.5m round for Grão Direto, a Brazilian agricultural commodity marketplace, with participation from Endeavor Scale-Up Ventures, CME Ventures, SLC Ventures and undisclosed investors. 

• Grão Direto raised USD8m in March 2022; Brazil-based PE firm Lanx Capital led a ~USD2.7m round in February 2021; Grão Direto was Monsanto Growth Ventures inaugural investment in Brazil in 2018. 

▸ DEBT | Maxxa, a Chilean digital credit platform, secured USD10.6m in debt from Symbiotics and Delphos.

▸ AGTECH | ALIVE Ventures and Desert Bloom Foods led a USD9m Series A for GoodSAM, a US-based producer of regenerative consumer products in Colombia and other emerging economies, with participation from LATAM Impact Fund, Promotora Social Mexico, One Small Planet and Connecticut Innovations.

▸ Sequoia Capital led a USD5.5m round for Enter, a Brazilian AI startup developing a legal defense platform for enterprises, with participation from ONEVC and Atlantico. 

• This is Sequoia’s first investment in a Brazilian startup since leading the USD14.3m round for Nubank in 2014. 
• CEO Mateus Costa-Ribeiro shares the story behind Enter and Sequoia’s conviction behind the founding team.

▸ KASZEK invested USD5.5m in Niva, a US- and Mexic0-based automated business verification platform. 

▸ Costanoa and CV iDEXO, the CVC arm of TOTVS, led a ~USD5m Series A for Malga, a Brazilian e-commerce solutions platform, with participation from IGNIA Partners, Gaingels and follow-on from QED Investors, Norte Ventures and YC. 

▸ 4Equity Media Ventures invested ~USD4.8m in Buser, a Brazilian bus ticketing platform.

• Lightrock led a ~USD140m Series C in June 2021.

▸ RediRedi, a Brazil-based digital catalog platform, raised USD3m from undisclosed angels. 

▸ Sytrex, a Colombian reinsurance automation startup, raised USD1.1m from Broom Ventures, Kuiper, Aito Capital and AAC Capital.

▸ Yavendió, a Mexican e-commerce solutions platform, raised a USD850k pre-seed round from Magma Partners, iThink VC and Semilla Ventures.

▸ Arar Capital invested ~USD800k in Picsel, a Brazilian agricultural insurance startup. 

▸ Espírito Santo’s FUNSES1 led a ~USD590k pre-seed round for Loopia, Brazilian e-commerce solutions platform, with participation from ACE Ventures, BVC and Questum.

▸ HRTECH | Crescera Capital and Triaxis Capital led a ~USD480k round for Gibb, an on-demand payroll startup.

• SRM Ventures invested ~USD5.5m in Gibb; Propel VC led a USD4.3m seed round in September 2024.

▸ Citi invested in Kanastra, a Brazil-based capital markets infrastructure startup.

• KASZEK led a ~USD21m Series A in June 2024; Valor Capital Group and Quona Capital co-led a USD13m seed round in June 2023.

▸ Equity Group invested in One Big Media, a Brazilian digital media startup. 

▸ Salkantay Ventures led an undisclosed seed round for Equip, a Peruvian construction materials marketplace. 

▸ AGTECH | The Yield Lab Latam invested in Agricapital, a Colombian agricultural financing platform.

• ALIVE Ventures led a USD7.4m equity and debt round in October 2024.

▸ IMPAQTO Capital invested in CICLO, a Peruvian construction materials recycling startup. 

▸ BIOTECH | The Yield Lab Latam invested in Phage Labs, a Chilean biotech developing alternative disease treatments to control cattle sickness. 

• Phage Labs raised a USD11m round in January 2024; KASZEK and Humboldt Fund led a USD30m round in June 2021.

▸ HEALTHTECH | Imagine Ventures invested in Yana, a Mexican mental health and wellness platform.

• ALLVP led a USD1.5m round in June 2021; Yana raised USD315k from Magma Partners, Hustle Fund and 500 Startups earlier this year.

▸ SaasSholic and MAYA Capital led an undisclosed seed round for Jusfy, a Brazilian ERP for lawyers and accountants, with participation from Norte Ventures, FJ Labs and The Legal Tech Fund.

• SaasSholic led a ~USD1.4m round in December 2022. 

▸ Amplifica Capital invested in Bioplaster Research, a Mexico-based nanomaterials research startup. 

▸ Vita Wallet, a Chile-based international transfer platform, raised USD750k from ABC Din. 

▸ M&A | ComunidadFeliz, a Chilean operations and finance management platform for condominiums, acquired Swappi, a Chilean project management platform.

• ComunidadFeliz raised a USD1m debt round from BTG Pactual in March 2024; Clout Capital invested USD2m in July 2020.

Global Tech

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