Tracxn - Geo - LATAM Tech - May 2021

TRACXN MONTHLY REPORT
MAY 2021
LATAM TECH

Latam Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Latam Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
Acquisitions 14
Recent News 15

Latam Tech Snapshot – May 2021
Latam Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$687M
7
Overall Geo Stats
18
1
39
31
14
Funding Rounds $ Invested Analyst Picks
Bitso Upgraded to
UNICORN
New Investors
Maverik
Link Capital Partners
Series A+ rounds Active Investors IPOs Acquisitions
Redação Nota
1000#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(5 Rounds, $345M)
Mexico City
(3 Rounds, $330M)
Guatemala City
(1 Rounds, $1.2M)
Bogota
(1 Rounds, $1.2M)
$300M - Series E
QuintoAndar (2012, Sao Paulo, $635M)
$250M - Series C
Bitso (2013, Mexico City, $331M)
$50M - Series C
Yalo (2015, Mexico City, $75M)
$35M - Series A
A55 (2019, Sao Paulo, $42M)
Kaszek Ventures
(2 Investments)
500 Startups
(2 Investments)
General Catalyst Partners
(1 Investments)
Union Square Ventures
(1 Investments)
Residential Real Estate Tech
QuintoAndar
Cryptocurrencies
Bitso
MarketingTech
Yalo
Alternative Lending
A55
Market Size
Companies Covered 17,783
Funded Companies 3,886
Total Funding $21.4B
Funding in last 12 months $7.2B
Top Exits
IPOs 50
Acquisitions 395
Company Stage
Unicorns 12
Soonicorns 45
Minicorns 162
Editor Picks 1,201
Series A+ 552
Series C+ 136
Acqui-Hires 6
Deadpooled 2,085
Top Cities
Sao Paulo (578 Rounds, $8.7B)
Buenos Aires (281 Rounds, $1.7B)
Top Investors
Start-Up Chile (199 Investments)
Wayra (163 Investments)

Investment Snapshot
Investment Snapshot of Latam Tech as of May 2021
Latam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
QuintoAndar
(2012, Sao Paulo, $635M)
$300M - Series E Ribbit Capital
Bitso
(2013, Mexico City, $331M)
$250M - Series C Tiger Global Management
Yalo
(2015, Mexico City, $75.0M)
$50.0M - Series C B Capital Group
A55
(2019, Sao Paulo, $42.0M)
$35.0M - Series A Accial Capital
Clara
(2019, Mexico City, $33.5M)
$30.0M - Series A General Catalyst Partners
King of Pitaco
(2019, Sao Paulo, $6.0M)
$6.0M - Series A
alt.bank
(2019, Itaim Bibi, $5.5M)
$5.5M - Series A Union Square Ventures
KREDITO
(2019, Lo Barnechea, $4.0M)
$4.0M - Seed Link Capital Partners
Divibank
(2020, Sao Paulo, $3.6M)
$3.6M - Seed Better Tomorrow Ventures
Qüilo
(2016, Guatemala City, $1.2M)
$1.2M - Seed
Drops
(2021, , $1.0M)
$1.0M - Seed
*Shows only the lead Investors

List of Funding Rounds (1/2)
List of Funding Rounds in Latam Tech in May 2021
Latam Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$50.0M - Series C
Yalo (2015, Mexico City, $75.0M)
AI based platform offering conversational analytics
software
B Capital Group
LATE STAGE
$250.0M - Series C
Bitso (2013, Mexico City, $331.4M)
Online exchange platform for cryptocurrencies
Tiger Global Management, Coatue, Cometa, Valor,
Pantera Capital, and 4 more
LATE STAGE
$300.0M - Series E
QuintoAndar (2012, Sao Paulo, $635.0M)
Online brokerage firm for rental properties
Ribbit Capital, LTS Investments, Kaszek Ventures,
Dragoneer Investment Group, Maverik, and 2 more
EARLY STAGE
$5.5M - Series A
alt.bank (2019, Itaim Bibi, $5.5M)
Digital bank for individuals
Union Square Ventures
EARLY STAGE
$6.0M - Series A
King of Pitaco (2019, Sao Paulo, $6.0M)
Offers a fantasy sports app for football
EARLY STAGE
$30.0M - Series A
Clara (2019, Mexico City, $33.5M)
NFC-enabled credit card and expense management
solutions for corporates
General Catalyst Partners
EARLY STAGE
$35.0M - Series A
A55 (2019, Sao Paulo, $42.0M)
Online platform for business loans
Accial Capital, Mouro Capital, E3 Negocios
SEED STAGE
$300.0K - Seed
AgendaPro (2012, Santiago, $425.0K)
Business management software for health, beauty, and
sports businesses
TMT Investments
SEED STAGE
$1.0M - Seed
Drops (2021, , $1.0M)
Financial solutions for cryptocurrencies
, , , AU21 Capital, , and 2 more
SEED STAGE
$1.2M - Seed
Qüilo (2016, Guatemala City, $1.2M)
Cloud-based HR management solution for enterprises

List of Funding Rounds (2/2)
List of Funding Rounds in Latam Tech in May 2021
Latam Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$3.6M - Seed
Divibank (2020, Sao Paulo, $3.6M)
Online platform for revenue-based financing
Better Tomorrow Ventures, Rally Cap Ventures, Maya
Capital, , Alumni Ventures Group, and 8 more
SEED STAGE
$4.0M - Seed
KREDITO (2019, Lo Barnechea, $4.0M)
Link Capital Partners, Karim Fajardin
SEED STAGE
Seed
BackStartup (2014, Bogota, $2.0M)
Tech-enabled accounting and legal services for startups
and businesses
500 Startups
SEED STAGE
Seed
Zipia (2020, Sao Paulo)
Lead generation solution for insurance industry
Canary, 500 Startups, Flavio Dias, Andre Farber

New Investors (1/2)
List of New Investors in Latam Tech in May 2021
Latam Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Maverik
1 portfolio companies | Limited information available
QuintoAndar
$300M Series E
Link Capital Partners
1 portfolio companies | Corporate advisory firm
KREDITO
$4.00M Seed
genblock.capital
7 portfolio companies |
Drops
$1.00M Seed
Paradigm
1 portfolio companies | Line of loudspeakers and subwoofers
Bitso
$250M Series C
Alta Park Capital
2 portfolio companies | Tech and offline focused VC firm investing primarily in
the US
QuintoAndar
$300M Series E
Rally Cap Ventures
4 portfolio companies | Angel network focused on fintech startups
Divibank
$3.60M Seed
d64.org
1 portfolio companies | Welcome to Park Ridge-Niles School District 64 | Park
Ridge-Niles SD 64
Drops
$1.00M Seed
LTS Investments
2 portfolio companies | Venture capital firm focused on multi-sector
investments
QuintoAndar
$300M Series E
Accial Capital
7 portfolio companies | Debt fund focused on impact investing
A55
$35.00M Series A
blocksync.com
Drops
$1.00M Seed

New Investors (2/2)
List of New Investors in Latam Tech in May 2021
Latam Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Better Tomorrow Ventures
5 portfolio companies | Venture capital fund backed by British American
Tobacco
Divibank
$3.60M Seed
x21digital.com
7 portfolio companies | x21 Digital - Blockchain Advisory and Investment Firm
Drops
$1.00M Seed
QED Group LLC
1 portfolio companies | Home - QED Group LLC
Bitso
$250M Series C
drops.ventures
1 portfolio companies | Drops.Ventures
Drops
$1.00M Seed
BitScale Capital
9 portfolio companies | Venture capital fund focused on tech startups
Drops
$1.00M Seed
gilgameshvc.com
Divibank
$3.60M Seed
Cometa
2 portfolio companies | Cometa
Bitso
$250M Series C
TMT Investments
74 portfolio companies | Venture capital firm investing in early stage tech
startups
AgendaPro
Business management software for health, beauty, and sports
businesses
$300K Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Online Second Hand Car Dealers $710M 2 Kavak | $485M | Series D
2 ▼-1 Digital Native Retail Banks $700M 3 Nubank | $400M | Series G
3 ▼-1 iBuying Platforms $525M 3 Loft | $425M | Series D
4 -- Cancer Detecting App $521M 1 Wecancer | $521M | Series D
5 ▲1 Internet First Retail Banks with Partner Bank's License $407M 8 Neon | $300M | Series C
6 ▲36 Crypto Exchanges $350M 3 Bitso | $250M | Series C
7 ▼-4 Internet First Residential Real Estate Brokers $304M 2 QuintoAndar | $300M | Series E
8 -- Hyperlocal Delivery $205M 4 Rappi | $300M | Series E
9 ▼-2 Home Furnishing Products Marketplaces $190M 1 MadeiraMadeira | $190M | Series E
10 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D

New Analyst Picks (1/4)
Interesting Companies identified by Analysts in Latam Tech in May 2021
Latam Tech: Analyst Picks
10
Upgraded to UNICORN
Bitso (2013, Mexico City, $62.0M, Series B)
Coinbase, Jump Capital, Monex Group and 23 other
Investors
Upgraded to SOONICORN
Infracommerce (2012, Sao Paulo, Undisclosed,
Series E)
Provider of end-to-end eCommerce solutions for
businesses
FJ Labs,Flybridge Capital Partners,E Bricks Venturesand
Yalo (2015, Mexico City, $10.0M, Series A)
AI based platform offering conversational analytics
software
B Capital Group,NXTP Ventures,Sierra Venturesand
A55 (2019, Sao Paulo, $2.0M, Seed)
Accial Capital, G2 Capital, Mouro Capital and 1 other
Investors
Upgraded to MINICORN
Clara (2019, Mexico City, $3.5M, Seed)
NFC-enabled credit card and expense management
solutions for corporates
Adapt Ventures, General Catalyst Partners, Canary and
1 other Investors
Divibank (2020, Sao Paulo, $3.6M, Seed)
Better Tomorrow Ventures, Maya Capital, Clocktower
Technology Ventures and 11 other Investors
alt.bank (2019, Itaim Bibi, $5.5M, Series A)
Digital bank for individuals
Union Square Venturesand
KREDITO (2019, Lo Barnechea, $4.0M, Seed)
Link Capital Partners,Global Accelerator
Academy,Karim Fajardinand

11
King of Pitaco (2019, Sao Paulo, $6.0M, Series A)
Offers a fantasy sports app for football
Verve Capitaland
Added to Editor's Pick
AgendaPro (2012, Santiago, $300K, Seed)
Business management software for health, beauty, and
sports businesses
TMT Investments, Cathexis Ventures, Imagine Latam
and 1 other Investors
Vexi (2016, Azcapotzalco, Undisclosed, Seed)
Credit card provider
Arkfund, BBVA Momentum, Finnovista and 2 other
Investors
Increase (2018, Buenos Aires, $3.0M, Series A)
Revenue analytics solutions
Agrega Partners, NXTP Ventures, Revolution and 3
other Investors
TradeStars (2018, Buenos Aires, Undisclosed, Seed)
Decentralized vitual sports trading platform for
cryptocurrencies
OKEX, PALcapital, LD Capital and 4 other Investors
Doppel (2016, Unfunded)
AI-enabled platform for discovering doppelgangers
Foodology (2019, Bogota, Undisclosed, Seed)
Operates internet first restaurants
INNOGEN CAPITAL, The MBA Fund, Jaguar Ventures
and 3 other Investors
Treggo (2016, Buenos Aires, Unfunded)
Offers a platform for managing courier services
Agrolend (2020, Sao Paulo, $1.6M, Seed)
Platform offering credits to farmers to buy agricultural
inputs
SP Ventures, Barn Invest, CGC and 1 other Investors

12
Globoplay (1998, Sao Paulo, Unfunded)
Online platform for streaming movies and TV series
Asiste (2015, Medellin, Unfunded)
Offers cloud-based delivery management & assistance
software
Prometheus (2019, Mexico City, Undisclosed, Seed)
Open banking API solutions
Finnovistaand
iConstruye (2001, Santiago, Unfunded)
Provider of enterprise resource planning software for
construction professionals
InvestApp (2020, Santa Barbara Doeste, Unfunded)
App-based technical analysis platform for capital
market assets
Babysits (2008, Bogota, Unfunded)
App-based marketplace for babysitters
Sentimonitor (2010, Sao Paulo, Unfunded)
AI-based social intelligence and research platform
Startup Olé Acceleratorand
Starti (2007, Mogi Das Cruzes, Unfunded)
Offers firewall security solutions for small and medium
enterprises
SmartView MD (2020, Unfunded)
App-based remote health monitoring portal for
healthcare professionals
AlterEstate (2019, Unfunded)
SaaS-driven CRM software for real estate professionals
Leadgogo (2014, Guaynabo, Unfunded)
Provider of the lead management software solution
gugacheck.com (2020, Unfunded)
Cloud-based website monitoring solution provider

13
S10 ERP (2018, San Borja, Unfunded)
Provider of enterprise resource planning software for
construction professionals
TamoVip (2020, Sao Paulo, Unfunded)
Online platform for buying personalized video
messages from celebrities

Acquisitions
List of Acquisitions in Latam Tech in May 2021
Latam Tech: Acquisitions
14
Acq. Date Company Acquirer Deal Size
27 May 2021
Redação Nota 1000(2014, Sao Paulo)
Online writing correction platform for students
Vasta Platform Limited

Recent News (1/2)
Recent News in Latam Tech in May 2021
Latam Tech:News
15
Exit News
.
● Auth0 CEO Eugenio Pace on the $6.5 billion deal with Okta and his advice for
entrepreneursGeekWire
.
● Unicorn Ebanx Readies IPO Eyeing More Acquisitions in LatAm BloombergQuint
.
● RAMM Pharma to acquire 100% of European cannabis company Canapar
Seeking Alpha
.
● SmartBank’s Acquisition of IOUU Global Legal Chronicle
.
People News
.
● Nerdy Strengthens Leadership Team with Key Executive Appointments Business
Wire
.
● Ebanx appoints João Del Valle CEO Finextra

Explore more on Tracxn
Explore more about Latam Tech on Tracxn Platform
Latam Tech: Explore more on Tracxn Platform
16
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Latam
AI Companies in Latam
Fintech Companies Latam
Consumer Digital in Latam
Company Due Diligence
Detailed profile of Rappi
Competitors of Kavak
Cap Tables of Loft
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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Tracxn - Geo - LATAM Tech - May 2021

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