#Latinamerica
Latin America Stands Out in November Venture Capital and Acquisition Activities
Brazil leads both in funding raised and number of rounds. Mexico tops second
Brazil leads both in funding raised and number of rounds, shows the Sling Hub’s report
Latin America stands out in November’s M&A and Venture Capital activities with bigger checks and strategic acquisitions across the board.
Latin American startups transcended $1 billion in investments per month since February. In comparison with 2020 this mark was surpassed only in September. The data is from the Startup Activity Report, issued by the Brazilian intelligence platform Sling Hub and reported by journalist Carolina Pompeo.
Brazil once again stood out in number and size of deals closed. With massive venture capital dollars entering the region, Brazil secured 70% of the total volume tapped in November, or $988 million. The country also concentrated the vast majority of the mergers and acquisitions for the month.
In a recent interview aired on CNN CEO of EBANX, João Del Valle, told anchor and correspondent Julia Chatterley that he forecasts a 30% growth per year until 2025 in Latin America, the region with the highest e-commerce growth in the world.
The deals that stood out in November in Latin America venture capital and acquisitions
Latin America Venture Capital
SafeSpace, a digital misconduct in the workplace whistleblower platform topped seed- investment in women-led startup in Brazil and raised BRL $11 million in a seed round that called the market’s attention considering the objective of the platform.
Fintech Z1 landed a $10 Million Series A investment led by Kaszek joined by Maya Capital, Homebrew, Clocktower and Mantis. The company offers digital accounts linked to pre-paid credit cards for teens and young adults, the so-called Generation Z, as its primary customer.
BeerOrCoffee completed its series A round of investment from Kaszek and Valor Capital. BeerOrCoffee is a B2B marketplace of workspaces on demand that aims at providing hybrid work solutions for companies. It offers over 1,100 shared workspaces in 160 Brazilian cities.
Gringo landed its Series A investment led by Kaszek and co-led by GFC Capital and ONEVC. The company provides a digital platform to help Brazilians navigate the complexity of the country’s rules for documentation of vehicles, taxes and fines, and it also provides financial services to allow customers to finance those costs.
Brazilian health tech Memed announced a new $17 million funding round co-led by venture capital and private equity manager DNA Capital, Singapore-based global investment firm Temasek, and Fit Participações.
Arco Educação, a Brazilian company focused on educational solutions, received an investment of $150 million from investment funds Dragoneer Investment Group and General Atlantic Partners.
Most recently, Facily closed on a $250 million Series D that was led by DX Ventures and Berlin-based Delivery Hero, with Citius as co-anchor investor. It has raised over $360 million across several rounds this year and it is now valued at $850 million.
Brazilian startup Isaac, which develops solutions for the financial management of private schools, raised $125 million in a Series B round led by General Atlantic. Also signing the funding round were SoftBank Latin America Fund and venture capital firm Kaszek.
Freight management platform Frete.com has become Latin America’s newest unicorn after a funding round led by Japan’s Softbank in a $200 million round joined by Brazil’s BTG Pactual, Valor Capital and InterAmerican Development Bank’s investment arm.
Acquisitions
Nubank acquired Olivia, a tech and artificial intelligence (AI) startup that helps users plan their expenses and save money. With this acquisition, Nubank will integrate Olivia’s platform and services into their application as well as merge the two companies’ teams together.
Omie, a Brazilian cloud-based SaaS ERP platform focused on mid-sized companies, acquired digital bank Linker for BRL 120 million, incorporating Linker’s full operation. The deal followed the BRL $580 million round raised from SoftBank Latin American Fund in August.
BR Partners acquired a minority holdings in PetCamp for approximately $20 million and entered into the billion-dollar Brazilian pet market.
Capital Markets
CI&T IPO, a global digital native specialist and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands, raised $195 million at Nasdaq.
Semantix, a São Paulo-based software maker, plans on going public after merging with SPAC Alpha Capital. The deal is expected to give Semantix an equity value of about $1 billion and allow it to pursue acquisitions and global expansion.
Approvals
Divi-hub, a startup with a trading platform focused on the social creative media economy and the influencers, made the headlines after receiving the go ahead from Brazil’s SEC (CVM) for the company’s “Operation Metaphorando” intended to raise BRL $4.7 million for a reality show on body language inspired by the game Among Us.
The announcement, which was reported by Beyond the Law.News, generated a tremendous response in its site and social media with over 19.5000+ views on LinkedIn alone.
The Firms Behind the Deals
Latin America Venture Capital and M&A (Brazil)
U.S-based law firms Foley & Lardner, Wilson Sonsini, Gunderson Dettmer and Morrison Foerster were the firms most active in Latin America venture capital and mergers and acquisitions for the month.
Foley topped the ranks for November in the number of deals advised by the firm in Brazil. Since it brought in June from DLA Piper Latin America specialist partner André Thiollier, the firm’s deals in the region shot up by staggering numbers, specially in Brazil.
Thiollier joined a highly specialized team focused on merger & acquisitions, capital markets, and venture capital brought this year by the Am Law 50 Foley & Lardner to its Palo Alto and San Francisco offices. The team included 15 partners, counsels, attorneys and paralegals.
Thiollier led his firm’s deal team in the majority of the transactions in the region.
In most of the deals Gunderson Dettmer and Wilson Sonsini were in opposite sides to Foley’s either acting as counsels to the investors or to the companies.
Gunderson’s partner Daniel Green (picture below) and Wilson Sonsini’s partner Matt Squires headed most of their firm’s deal teams in the region.
November also brought newcomers to the top of the list of the most active Brazilian law firms in the technology emerging growth space in Brazil.
Bronstein Zilberberg Chueri Potenza Advogados took the number one spot on the list of the most active M&A and venture capital law firms in November.
Bronstein Zilberberg was founded in 2021 by partners highly specialized in the field coming from the finest and traditional law firms of Brazil.
The firm today is greatly recognized as one of the top M&A Venture Capital law firms in the country.
The top rankings also included in November the São Paulo based KLA Advogados and Lefosse Advogados.
Of course the traditional powerhouses Machado Meyer, Pinheiro Neto Advogados and Mattos Filho are top-tier on the list.
Latin America Venture Capital and M&A (Mexico)
US-based Gunderson Dettmer took the number one spot in Mexico’s M&A Venture Capital activities in November. The firm’s partner Dan Green led his deal team in major transactions in the country.
Legal 500 Mexican firms Creel, García-Cuéllar, Aiza y Enríquez, S.C. and Galicia Abogados S.C were the most active firms in the space for the month in Mexico.
-
#Brazil3 anos ago
Je Suis Ukraine
-
#Brazil3 anos ago
Brazil Credit Fintech TerraMagna Raised $40 Million Led by Softbank in Its First Entry into Farming
-
#Brazil3 anos ago
Mattos Filho Advised Underwriters in Nubank’s IPO
-
#Latinamerica3 anos ago
How Fundable is Your Startup
-
#Brazil3 anos ago
Agrolend Raises $14 Million All-Equity Series A Led by Valor Capital
-
#Brazil3 anos ago
Goldman Sachs Invests in Unico IdTech and Takes the Brazilian SaaS Startup Valuation above $2,5 Billion
-
#Brazil2 anos ago
Carbonext Receives $40 Million from Shell for Carbon Credit Projects in Brazil’s Amazon
-
#Brazil3 anos ago
Brazil’s Grão Direto Lands Series-A2 from Agribusiness Powerhouses Cargill, Louis Dreyfus Company, Archer Daniels Midland Company and Amaggi Agro.
-
#Brazil3 anos ago
Brazil’s Medway Lands Series-A Round of $15 Million Led by Softbank Latin American Fund
-
#Brazil3 anos ago
Digital Private Pension Broker Saks Lands BRL 26 Million Seed Investment from Itaú-Unibanco’s Private Equity Fund Kinea and Canary
-
#Brazil2 anos ago
Brazilian Fintech Marvin Lands Series-A of $15 Million Backed by American Early Venture Capital Canaan
-
#Brazil3 anos ago
HRTech Gupy Raises $93 Million Led by SoftBank and Riverwood
Pingback: Alice raises $127 million led by Softbank • Beyond the Law
Pingback: Facily Raises $135 Million and is a new Brazilian unicorn • Beyond the Law
Pingback: Bronstein Zilberberg Represented Alice Series C round • Beyond the Law
Pingback: Softbank funds early-stage startups in Brazil • Work, Abstra and BotCity
Pingback: Zenvia Acquires Movidesk to Improve its CX Platform • Beyond the Law
Pingback: Foley advised Agrolend Series A Investment Round • Beyond the Law
Pingback: Gupy Raises $90 Million from Softbank • Beyond the Law
Pingback: Digibee Raised $25 Million Series A from Softbank • Beyond the Law
Pingback: Flash raised $100 million led by Battery Ventures • Beyond the Law
Pingback: Bronstein Zilberberg represented Worc • Beyond the Law
Pingback: Stark Bank Landed Series-B led by Ribbit Capital • Beyond the Law
Pingback: Goldman Sachs Invests in Unico Software Powerhouse • Beyond the Law
Pingback: Galena raised $16.7 million to help poor students • Beyond the Law
Pingback: Ochman Advogados represented SuperBac d-Spac deal • Beyond the Law
Pingback: MAYA Capital Initiates New $100 Million Fund • Beyond the Law
Pingback: Clicampo Lands Seed Round Led By Valor Capital • Beyond the Law
Pingback: Kapital raised $30 million in round led by Tenacity fund • Beyond the Law
Pingback: Carbonext Receives $40 Milliion from Shell • Beyond the Law
Pingback: Mevo Raises $45 Million (BRL) from Floating Point • Beyond the Law
Pingback: Floating Point invests in Mevo Brazilian Healthtech • Beyond the Law
Pingback: Sumitomo Acquires Nativa Agronegócios • Beyond the Law
Pingback: CRM&BONUS acquired Zipper social selling platform • Beyond the Law
Pingback: Semantix debuted on Nasdaq in a SAPC merger • Beyond the Law
Pingback: Unico buys MakroSystems, a security system developer • Beyond the Law
Pingback: Vivo invests in Klavi open banking alongside Iporanga • Beyond the Law
Pingback: Fintech Nomad Buys Husky • Beyond the Law
Pingback: Zuckerberg Invests in Beep • Beyond the Law
Pingback: Clara raised $60 Million from GGV • Beyond the Law
Pingback: Fintech Nomad Lands $61 Million Series B • Beyond the Law
Pingback: Andre Thiollier recognized by Latinvex • Beyond the Law
Pingback: Modern-Data-Stack Indicium Lands Series-A • Beyond the Law
Pingback: CRM&Bonus raised 80 Million from Bond Capital • Beyond the Law
Pingback: Dasa Amil Merger to form hospital powerhouse • Beyond the Law
Pingback: PayPal Invests in Brazil's UME • Beyond the Law
Pingback: Unico IDtech Acquires Trully.Ai in Mexico • Beyond the Law
Pingback: Beep Saúde Lands Investment from Landsmith • Beyond the Law
Pingback: Mevo raises $20 million from Matrix Capital • Beyond the Law