30 April 2025

MEMBER PROFILE

SoftBank Group

LAVCA recently spoke with Maria Tereza Azevedo, Investment Director of SoftBank, about the priorities and challenges facing Latin American entrepreneurs, the growing impact of AI on SoftBank’s investment strategy and how the firm is supporting its portfolio companies. Maria also shared insights on recent investments like Blip and the sectors driving SoftBank’s continued focus in the region.

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SAVE THE DATE

LAVCA Deal Awards

Save the date for our 11th Annual LAVCA Deal Awards, taking place on Wednesday, 21 May 2025 at 10 am ET on LinkedIn Live.

The LAVCA Deal Awards showcase outstanding private capital investments, specifically targeting environmental, social and gender diversity initiatives. Categories for the 2025 LAVCA Deal Awards include:

Private Capital Deal of the Year
Environmental Responsibility
Social Impact
Gender/Diversity
Innovation
Better Tech

Winners were selected from deals submitted by LAVCA Members, following a rigorous evaluation by a distinguished panel of institutional investors, including development finance institutions, pension funds and funds of funds.

Save the Date

◼︎ Canary and Valor Capital each raised USD100m for their respective funds to invest in early-stage startups in Brazil and Latin America. #VC

◼︎ CVC Capital Partners acquired Opus Investimentos’ majority stake in Grupo GSH, a Brazil-based healthcare services provider. #PE

◼︎ SoftBank Group and General Atlantic led a USD127m investment in Kavak, a Mexico-based online used car dealer. The startup also secured two USD200m debt facilities from Goldman Sachs and HSBC. #VC

◼︎ Mirova committed USD40m to large-scale natural capital projects in Argentina, Costa Rica and Madagascar. #RealAssets

◼︎ BTG Pactual acquired a minority stake in Inter & Co, the holding company of Brazil-based financial services company Grupo Inter. #PE

◼︎ Tidemark led a BRL240m (~USD40.9m) Series B for Onfly, a Brazil-based corporate travel and expense management platform, with participation from Endeavor Catalyst, Left Lane Capital and Cloud9 Capital. #VC

◼︎ GEF Capital Partners acquired 2bCaptial’s stake in Leveros, a Brazil-based air conditioning and refrigeration equipment company. #PE

◼︎ Blue Like an Orange Sustainable Capital provided a USD15m long-term loan to MiFibra, a Peru-based high-speed internet service provider. #PrivateCredit

◼︎ The International Finance Corporation invested USD130m in Magazine Luiza, a Brazil-based multi-channel retailer. #PrivateCredit

◼︎ Hix Capital and TreeCorp invested an undisclosed amount in Vórtx, a Brazil-based fintech specialized in tech infrastructure for capital markets. #PE

◼︎ Atlas Renewable Energy, a portfolio company of Global Infrastructure Partners, secured a USD510m loan to build Estepa, a hybrid solar PV park and battery energy storage system in Chile. #RealAssets

◼︎ Marsh published the Transactional risk insurance 2024: Year in review report, providing a comprehensive overview of the transactional risk insurance market across all geographies, including Latin America.

◼︎ Brazil-based law firm TozziniFreire appointed Carlos Mello and Mirella Mie Abe as new partners for its corporate and M&A practice.