Beyond Venture: 2024 LAVCA Women Investors in Private Capital

Building on its longstanding annual lists of Top and Emerging Women Investors in Latin American Tech, LAVCA is accepting nominations for the 2025 lists of Top & Emerging Women Investors in Private Capital, now considering women across all asset classes.

Access the form to nominate senior-, mid- and junior-level female investment professionals deploying capital from a GP, as well as women angel investors investing in 3+ LatAm tech startups a year.

GP nominees must actively lead or participate within the investment team at their firms in order to be eligible for consideration.
 

Nominations close Friday, 20 November.

Deals

▸ DEBT | albo, a Mexican challenger bank, secured a USD60m credit line from SixPoint Capital. 

• Morpheus Ventures led a USD40m Series C in September 2023; albo raised a USD45m Series B in November 2020 and a USD7.4m Series A in January 2019. 

▸ HEALTHTECH | IDC Ventures led a USD25m Series B for Osigu, a Colombia-based healthcare claims management platform, with participation from Visa. 

▸ HEALTHTECH | CZI, the investment arm of the Chan Zuckerberg Initiative, invested in Beep Saúde, a Brazilian at-home laboratory test and home care platform.

• Lightsmith led a ~USD18.2m round in September 2024; CZI led an undisclosed Series C in November 2022; Valor Capital Group led a USD20m Series B in April 2021. 

▸ AGTECH | ALIVE Ventures led a USD7.4m equity and debt round for Agricapital, a Colombian agricultural financing platform, with participation from Bancolombia, COMFAMA, IDB Lab, Alphamundi and undisclosed investors. 

▸ OxPay, a Brazilian financial solutions platform for the road transportation sector, raised ~USD7m from SRM Ventures. 

▸ AppWorks Ventures and Wintermute Ventures led a USD7m seed round for Karpatkey, an Argentina-based treasury management provider for decentralized autonomous organizations (DAOs). 

▸ LOGISTICS | FEMSA Ventures led a USD5.5m round for Loads, a Chilean logistics platform for food importers, with follow-on from Alaya Capital. 

• NAZCA led a USD2m round in November 2023.

▸ Karün, a Chilean recycled eyewear manufacturer, raised USD5m from WildSur and Petra.

• Karün raised USD4m in June 2020 from undisclosed investors.

▸ PROPTECH | Caravela Capital led a ~USD3.8m seed round for CredAluga, a Brazilian rental payment platform, with participation from Honey Island Capital, Norte Ventures, Terracotta Ventures and FJ Labs. 

▸ MAYA Capital and Better Tomorrow Ventures co-led a ~USD2.6m round for Stay, a Brazilian corporate pension plan provider, with participation from 17Sigma, Grão, Ralicap, Sequoia’s scout fund, and angels Aaron Schumm (Vestwell), Roger Lee (Human Interest) and others. undisclosed investors. 

▸ HRTECH | Katalista, a Brazilian professional development resource platform, raised ~USD95k from the WOW Accelerator. 

• Katalista raised ~USD300k in April 2023.

▸ elea led an undisclosed seed round for Rutopía, a sustainable tourism platform connecting travelers with indigenous communities, with participation from ATTA Impact Capital and Boosting Opportunities Fund.

Exits

▸ EXIT | KPTL exited  Augen, a Brazilian sanitation infrastructure solutions provider, through a sale to Biosolvit, a Brazilian biotechnology company. 

• This is the first exit for KPTL’s Govtech fund, according to LAVCA Data.
• The total purchase price will fall within ~USD7.2-9.6m, dependent on agreed corporate target milestones.
• KTPL invested ~USD800k in Augen in July 2023; Bossa Invest invested in Biosolvit in 2018.

▸ M&A | CAR Group,  an Australian holding company that owns Chileautos, acquired a 50.1% stake in Autofact, for USD25m. 

• Wayra first invested in 2014.

News

▸ Nubank entered the telecom market with the launch of NuCel, its first mobile phone service in Brazil. 

▸ DELIVERY | Mexican grocery delivery platform Jüsto partnered with Amazon to offer its delivery service on Amazon Mexico’s website. 

• General Atlantic just led a USD50m round for Jüsto; the startup secured a USD20m debt facility from HSBC as part of the round. 

▸ Merce do Bairro, a Brazilian same-day delivery wholesale marketplace for SMEs, wound down operations. 

• Co-Founders Guilherme Bonifacio and Diego Libianio: “... no primeiro trimestre de 2023, decidimos parar as operações e perservar a caixa, que representava 70% do que haviamos levantado em nossa Serie A.”
• The balance of capital was ultimately returned to investors. 
• Flourish Ventures and GFC led the USD10m Series A in 2021. 

▸ SOCIAL | Brazil's Collective Defense Institute, a consumer rights group, filed two lawsuits demanding ~$525m from the Brazilian units of Meta, TikTok, and Kwai for failing to create mechanisms to prevent indiscriminate use of their platforms by minors.

• The lawsuits demand the companies create clear data protection mechanisms and issue warnings about the risks to children's and teenagers' mental health due to platform addiction.

▸ Fabricio Biosi, Prosus newly appointed CEO, aims to 2x the size of the HoldCo to USD168b in four years. 

• Biosi to FT: “I’m here to do the next Tencent”.
• Prosus’ LatAm investments include iFood, Creditas, Platzi, 99minutos, OLX and Incognia. 

▸ DRONES | WIRED reviews the creative use of drone tech in Mexico during a time of more-than-unfortunate circumstances in How Researchers Are Using Geospatial Technology to Uncover Mexico Clandestine Graves. 

▸ CENTRAL AMERICA | Costa Rica’s Ministry of Science and Technology (MICITT) partnered with the Korean government to launch a digital wallet to enable Costa Rican citizens to transact and verify their tax status. 

People and Programs

▸ Congrats to Francisco Alvarez-Demalde of Riverwood Capital and João Vitor Menin of Inter&Co for receiving the Council of the America’s 2024 Bravo Business Awards. 

▸ KASZEK will host office hours in São Paulo on 26 November for founders early on their startup journey looking for feedback. Registration is now open. 

▸ RAISE Global will host the inaugural edition of RAISE LATAM 2025 in Costa Rica on 21 March. GPs can apply to attend; LPs can request an invitation. 

▸ Antler launched applications for its 2025 ten-week founder residency in São Paulo. The program starts in February. Applications are now open. 

• The program is aimed to provide support for founders with companies at the earliest stages, including finding potential co-founders and iterating on initial ideas.

Global Tech

▸ Sign up for GPCA’s Global Tech Brief, a monthly newsletter that covers tech activity in Asia, Latin America, Africa, CEE and the Middle East. 

LAVCA is now part of GPCA, the Global Private Capital Association, and will continue to operate as a parallel membership organization with its own dedicated team and board.