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Brazil and Mexico Lead Latin America Investments

Brazil and Mexico startups raised $1,58 Bi in August 2021



Brazil and Mexico Lead Latam Investments
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The Sling Hub Report show Brazil and Mexico leading Latin American Investments

Brazil and Mexico lead Latin America investments in August with 78 findings. According to the latest report from Sling Hub Mexican and Brazilian startups raised $1,58 billion with 74 new rounds, and performed 24 M&A operations in August.

Mexican startups raised $137,3 million in 7 rounds, according to Sling Hub’s report. Fintech Flinks Series B raised $57 million.

Some Latin American startups became unicorns in the same month. First, Brazil’s unico IDtech — a startup developing digital identity protection solutions — closed a $120 million Series C. The funding round was led by General Atlantic and Softbank Group International. Also participating in the round were Micky Malta, partner at Ribbit Capital and bigbets.

Sling Hub’s report also highlights Brazilian Petz’s acquisition of Zee.Dog, a $137M deal. Fintech is still a “hot market” in the region: the sector encompasses the highest number of invested startups, both in Brazil and Mexico, perhaps the reason for Brazil Mexico lead Latam Investments. Two Series B rounds stood out: Cora (Brazil) raised 116M, and Flinks (Mexico) with its $57M round and Brazilian. Also, #fintech Nomad raised $20M Series A led by monashees and Spark Capital. Not to forget, of course, the top #unicorns fintechs valuation stars Nubank and EBANX with earlier rounds. In fact, Brazil’s venture capital shot up 50% in the first half of 2021.

On this count, Brazil and Mexico lead Latin America investments but other countries in the region also standout.

André Thiollier partner of Foley & Lardner

Then, Argentinian retailtech Nuvemshop performed the highest Series E in Latin America, a $500M round co-led by Insight Partners and Tiger Global Management. Alkeon Capital Management and Owl Rock Capital funds also participated in the infusion, along with previous investors Accel, KASZEK, Qualcomm Ventures, ThornTree Capital Fund LP, and Kevin Efrusy.

Top US global Law Firms assisted most of those deals with standout notice to Foley & Lardner LLP, Silicon Valley office, Gunderson Dettmer (NY), Morrison & Foerster LLP and Wilson Sonsini Goodrich & Rosati (CA).

Mexico’s top firms Creel, García-Cuéllar, Aiza y Enríquez, S.C., Galicia Abogados S.C. and Nader, Hayaux & Goebel, and Brazil’s Pinheiro Neto Advogados, Machado, Meyer, Sendacz e Opice Advogados, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, Demarest Advogados, and venture capital M&A specialists Bronstein, Zilberberg, Chueiri & Potenza Advogados – BZCP were some of the law firms in the region mostly active in those transactions.

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