2025 LAVCA Deal Awards

Thank you to everyone who joined us virtually today for the award ceremony of LAVCA’s 2025 Deal Awards. 

This edition recognized best-in-class investors and founders at the forefront of the growth and resilience of the private capital community in Latin America. Congrats to the 2025 award winners: 

2025 Private Capital Deal of the Year | Patria for its investment in Delly’s

2025 Environment Responsibility | SP Ventures for its investment in Gênica

2025 Social Impact | DNA Capital for its investment in Sanar

2025 Innovation | Crescera Capital for its investment in BomConsorcio

2025 Better Tech | Lightrock and Mexican fintech Konfio

LAVCA DATA

Q1 2025 Industry Data & Analysis

LAVCA’s Industry Data & Analysis is available on a quarterly basis as a benefit for LAVCA Members. 

LAVCA’s Q1 2025 Industry Data & Analysis includes insights on:   

• Aggregate statistics on private capital investment in Latin America by deal size, country, asset class and industry
• 85 disclosed private capital transactions across Latin America
• VC breakout with analysis of activity by stage, country, sector, investor HQ, ticket size and tech vertical 
• Aggregate statistics on private capital fundraising in Latin America
• 8 Latin America-dedicated funds with closes in 2024
• Aggregate statistics on private capital exits in Latin America
• Notable exits and listings in 2024  

LAVCA Members can log in to download LAVCA’s Q1 2025 Industry Data & Analysis Excel report. Non-members can purchase to access the data.  

DEAL CASE

Positive Ventures | Ruuf

Positive Ventures invested in Ruuf, a Chile-based solar energy marketplace that connects homeowners, solar panel installers and lenders through an integrated online platform, in July 2022. 

Since Positive’s investment, Ruff has scaled its installation capacity in preparation for cross-border expansion. From 2023 to 2024, Ruuf experienced 4x sales growth due to increased electricity tariffs, which encouraged homeowners to transition toward solar energy. As of 2025, Ruuf has installed over 5 MW of residential solar capacity, helping clients avoid 3,000+ tons of CO2e emissions and save USD2m+ in total energy costs.

Deals

DEBT | Makasí, a Brazilian financing platform for small and mid-sized construction companies, secured USD21m in debt from undisclosed investors. 

DEBT | Vexi, a Mexican credit card issuer for middle-class consumers, secured a USD15.3m credit line from Mexican bank Covalto. 

• Magma Partners and Accial Capital led a USD24m equity and debt round in March 2022; Fuse Capital made an undisclosed debt investment in October 2020.

▸ PROPTECH | Alexia Ventures led a USD6.5m Series A for Pilar, a Brazilian luxury property sales platform, with participation from Endeavor Scale-Up Ventures and FJ Labs. 

• Canary led an undisclosed seed round in 2021.

▸ SPORTS | DILA Capital invested in Fillip, a Mexico-based holding company focused on acquiring intellectual property in sports and entertainment. 

▸ Credituz, a Brazilian credit platform for the real estate sector, raised ~USD5.5m from undisclosed angels. 

▸ Allugg, a Brazilian technology equipment rental startup, raised ~USD5.3m in debt through a FIDC (Fundo de Investimentos em Direitos Creditorios).

▸ FOODTECH | Mais Mu, a Brazilian nutritional supplements startup, raised ~USD4.4m from BAT Brasil, a subsidiary of British American Tobacco.

▸ HEALTHTECH | Lara, a Brazilian healthcare financing platform, secured a ~USD4.4m credit line from an undisclosed investor. 

• Webrock Ventures co-founded Lara in 2020.

▸ Kayyak Ventures led a USD3.2m seed round for VMetrix, a Chilean management software platform for asset managers.

▸ AGTECH | Agroadvance, a Brazilian platform offering undergraduate courses in agronomy, raised ~USD1.65m with participation from SLC and Ânima Ventures and follow-on from SP Ventures and Arar Capital. 

▸ Hiker Ventures led a ~USD700k seed round for Datlo, a Brazilian marketing analytics platform.

▸ BIOTECH | Bioplaster Research, a Mexico-based nanomaterials research startup, raised a USD655k round from GRIDX and Rindani Capital.

• Angels participating included Anna Raptis (Amplifica Capital), Hans-Christian Lauer (Zenani Capital), Pravin Rodrigues (Espera Capital) and Gabriel Rafael Mondragón (IPADE).

▸ ANGEL | Draper House Angel Club led a USD350k round for Skyblue Analytics, a Uruguayan digital investment infrastructure startup. 

▸ Mileto, a Brazilian internship recruitment platform, raised USD215k from Mario Ghio (Instituto Alfa e Beto), Anderson Morais (Agenda Edu) and Simmon Nam (Musa).

▸ WOMEN-LED | Sororitê Ventures invested in Silverguard, a Brazilian digital financial protection platform.

• Silverguard was founded by Marcia Netto.

People and Programs

▸ Antler is hosting the sixth edition of its residency program for early founders in Brazil, starting in August. This is a 10-week fully immersive program in São Paulo. Applications are now open. 

▸ RAISE Global just opened applications for the 10th Anniversary RAISE Global Summit to be held on 23 October 2025 in San Francisco. Emerging GPs are welcome to apply. Applications close 1 June. 

▸ ColCapital will host an online educational course focused on the fundamentals of VC as an asset class, as well as understanding venture risk and investment cycles. Classes start on 20 May. Registration is now open. 

▸ ABVCAP will host ABVCAP Experience 2025 on 10-11 June in São Paulo. Registration is now open. This year marks the 25th anniversary of the founding of the Association. 

▸ Skandia and WAI (Women in Alternative Investments) will launch their second mentorship program with an intimate conversation with Monica Mandelli (KKR) on the role of women investors in the global alternatives industry in Bogota, Colombia on 5 June at 6 pm. Registration is now open. 

Global Tech

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