▸ EXIT Advent International exited Prisma and Newpay, subsidiaries of Grupo Prisma, an Argentine-based payment processing company, through a strategic sale to Visa. 

• Advent first acquired a 51% stake in Prisma at a reported USD1.42b valuation in January 2019. 
• Prisma’s infrastructure includes point-of-sale hardware rental, e-commerce gateways, transaction processing, payments processing and electronic bill pay.

▸ DEBT Bravo, a Mexican debt management platform, secured a USD200m credit facility from Fortress Investment Group. 

▸ DEBT Sistema.bio, a Mexican developer of biogas technology and climate solutions for smallholder farmers, raised a USD53m debt facility from BII, BNP Paribas Asset Management and Shell Foundation. 

• Sistema.bio will leverage the vehicle to launch FarmCarbon, a financing arm to tend to 90k+ digesters – equipment that uses microorganisms and heat to break down organic materials into biogas and fertilizers — in farms globally. 
• Sistema.bio raised USD15m in equity and debt from AXA, EcoEnterprises Fund, Chroma Impact and others in 2024; DILA Capital invested in the company’s USD12m round in 2019. 

▸ INSURTECH KASZEK and Kevin Efrusy led a ~USD24m Series C for Azos, a Brazilian health insurance platform.

• Lightrock led a USD30.5m Series B in February 2025; Azos raised USD6m in May 2022.

▸ monashees led a USD10m round for Shiva, a Brazilian startup supporting entrepreneurs building businesses from scratch, with participation from Endeavor Catalyst. 

• This is the largest pre-seed round recorded for a Latin American startup, according to LAVCA Data. 

▸ Zapia, an Uruguayan WhatsApp-based virtual assistant, raised a ~USD6.9m seed extension round with participation from Prosus Ventures and other undisclosed investors.

• Prosus Ventures led a USD7.25m round in April 2025. 

▸ Spin Gaming, a Brazilian casino streaming platform, raised ~USD6.7m from undisclosed investors. 

▸ Andreessen Horowitz led a USD6m round for Handle, a US-based enterprise operations platform, to support the company's expansion to Mexico. 

• Handle was founded by former Nowports CEO Alfonso de los Rios.

▸ Glasst, a Colombian marketplace for construction products, raised USD5.5m from Investex. 

▸ Valor Capital Group led a USD4.25m seed round for Bluprynt, a US-based compliance operating system for digital assets, with participation from Cultivation Capital, Robinhood, Coinbase Ventures, Quona Capital, Kazea, Flourish Ventures, Radical Investments and Selah Ventures.

▸ HEALTHTECH DGF Investimentos led a ~USD4.2m seed round for Maggu AI, a Brazilian AI copilot for pharmacy attendants, with participation from Norte Ventures, Latitud, IC Ventures and Airborne Ventures. 

▸ Headline led a ~USD2.9m Series A for Celero, a Brazilian corporate finance automation platform, with participation from Visa. 

▸ Echo3 Participações led a USD2.4m round for Oxus Finance, a Brazilian international remittance platform, with participation from Underblock, Boost Research, Defiers and Ernani Assis (Nomad). 

▸ EDTECH KPTL and Cedro Capital co-led a ~USD2.2m round for Jovens Gênios, a Brazilian education platform, with participation from DOMO.VC, Criabiz Ventures and Rosey Ventures. 

▸ Tools for the Commons, a Brazilian jurisdiction marketplace, raised a ~USD1.9m pre-seed round with participation from 468 Capital.

▸ Terraflos invested USD1.5m in Rubisco, a Chilean plant-based cosmetic startup. 

▸ BIOTECH metaBIX Biotech, a Uruguay-based farm biotechnology startup, raised USD1.3m with participation from Dalus Capital and EWA Capital, as well as follow-on from AIR Capital, Danta Fund, The Board Perú and Angel Hub.

▸ Triaxis and Crescera Capital co-led a ~USD570k round for Elephan.AI, a Brazilian revenue management platform. 

▸ Investidores.vc led a ~USD380k round for Mercado Parts, a Brazilian marketplace for automotive parts.

▸ Vitrify, a Brazilian data platform for the private credit market, raised USD190k from undisclosed angels. 

▸ HEALTHTECH Afya invested in CareOn, a Brazilian hiring platform for doctors.

▸ The Yield Lab Latam invested in IncluirTec, a Colombian agricultural product financing platform. 

▸ Alina VC invested in Leracom AI, a Mexico-based contact center management platform.

▸ FUND OF FUNDS Mexico’s Fondo de Fondos has formally announced an additional ~USD232m in available capital to invest in fund managers and entrepreneurs at early and scale-up stages developing solutions for the Mexican market. 

• Fondo de Fondos has made 123 fund commitments and participated in 62 coinvestments to date, according to Fondo de Fondos CEO Liliana Reyes. 
• The capitalization was anchored by Nafin-Bancomext. 

▸ Brazilian-based Volpe Capital reached a USD50m first close for its second flagship fund with a USD100m target to invest in AI-focused early growth startups. 

• BTG Pactual, which anchored Volpe’s first fund, is also anchoring this new vintage. 
• Desenvolve SP, the official development agency of São Paulo, also made an undisclosed commitment. 
• Volpe’s portfolio includes Caju, UOL Tech and Zippi 
• The firm exited CRMBonus, a Brazil-based marketing automation platform, when BOND led the ~USD78m Series B in 2024. 

▸ BNDES made a ~USD28.7m commitment to Canary IV, Canary’s fourth flagship fund to back early-stage founders across Latin America.

• Japan International Cooperation Agency (JICA) also made an undisclosed commitment. 
• We first announced Canary’s USD150m final close for this fourth fund in our last edition. 

▸ Mexico-based Impact Ventures PSM made an undisclosed commitment to Clocktower Ventures’ second Latin America-focused fund to invest in early-stage financial infrastructure startups. 

• Clocktower’s Latin America portfolio includes Kamino, Digitt, Nexa Finance, Creditop, Karta, Monato and Toku. 

▸ Mundi Ventures reached an undisclosed first close for its first Latin America-dedicated vehicle with a USD100m target to invest in regional startups developing solutions in the financial security and healthcare spaces. 

• IDB Invest made a USD5m commitment in February 2025; The Spanish Agency for International Development and Cooperation (AECID) and COFIDE previously committed ~USD26m to the fund. 
• Mundi Ventures’ investments in Latin America include Sami and Olé Life.

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