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1. TRACXN MONTHLY REPORT
APRIL 2021
LATAM TECH

2. Latam Tech - April 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 13
Recent News 14

3. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Latam Tech Snapshot – April 2021
Latam Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$710M
9
Overall Geo Stats
12
9
33
23
16
Funding Rounds $ Invested Analyst Picks
1DOC3 Upgraded
to MINICORN
New Investors
Bond Capital
Rogue Capital
Series A+ rounds Active Investors IPOs Acquisitions
Medical Harbour#@
BoosterAgro#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(6 Rounds, $152M)
Chihuahua
(1 Rounds, $485M)
Bogota
(1 Rounds, $3M)
Ciudad De
Nanacamilpa
(1 Rounds, $3M)
$485M - Series D
Kavak (2016, Chihuahua, $900M)
$100M - Series D
Loft (2018, Sao Paulo, $798M)
$32.4M - Series C
JusBrasil (2008, Salvador, $42.2M)
$26.7M - Series A
Cora (2019, Sao Paulo, $37.0M)
Kaszek Ventures
(2 Investments)
QED Investors
(2 Investments)
Ribbit Capital
(2 Investments)
Accel
(1 Investments)
Second Hand Goods
Kavak
Auto E-Commerce & Content
Residential Real Estate Tech
Loft
Legal Tech
JusBrasil
Market Size
Companies Covered 17,050
Funded Companies 3,813
Total Funding $20.4B
Funding in last 12 months $6.5B
Top Exits
IPOs 50
Acquisitions 389
Company Stage
Unicorns 11
Soonicorns 42
Minicorns 161
Editor Picks 1,159
Series A+ 549
Series C+ 133
Acqui-Hires 6
Deadpooled 2,011
Top Cities
Sao Paulo (571 Rounds, $8.3B)
Buenos Aires (279 Rounds, $1.7B)
Top Investors
Start-Up Chile (198 Investments)
Wayra (162 Investments)

4. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Latam Tech as of April 2021
Latam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
Kavak
(2016, Chihuahua, $900M)
$485M - Series D Founders Fund
Loft
(2018, Sao Paulo, $798M)
$100M - Series D Baillie Gifford
JusBrasil
(2008, Salvador, $42.2M)
$32.4M - Series C
Cora
(2019, Sao Paulo, $37.0M)
$26.7M - Series A Ribbit Capital
Olist
(2015, Curitiba, $114M)
$23.0M - Series D Goldman Sachs
Hash
(2017, Sao Paulo, $27.1M)
$15.0M - Series B QED Investors
Ubits
(2013, Juarez, $8.2M)
$7.5M - Series A
FinanZero
(2015, Sao Paulo, $22.9M)
$7.0M - Series B VEF
1DOC3
(2014, Bogota, $5.0M)
$3.0M - Seed MatterScale
Nelo
(2019, Ciudad De Nanacamilpa,
$5.6M)
$3.0M - Seed Homebrew
Atrato
(2016, Jalisco, $2.8M)
$2.7M - Seed Accel
*Shows only the lead Investors

5. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Latam Tech in April 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
$23.0M - Series D
Olist (2015, Curitiba, $113.5M)
Multi Channel Platform Selling for SMB's
Goldman Sachs, Redpoint Ventures
LATE STAGE
$32.4M - Series C
JusBrasil (2008, Salvador, $42.2M)
Marketplace +legal document service
LATE STAGE
$100.0M - Series D
Loft (2018, Sao Paulo, $798.4M)
Online reseller of residential properties
Baillie Gifford, Tarsadia Capital
LATE STAGE
$485.0M - Series D
Kavak (2016, Chihuahua, $900.0M)
Online dealer of pre-used cars
Founders Fund, Ribbit Capital, Bond Capital
EARLY STAGE
$7.0M - Series B
FinanZero (2015, Sao Paulo, $22.9M)
Aggregator of loans
VEF, Dunross, Atlant Fonder
EARLY STAGE
$7.5M - Series A
Ubits (2013, Juarez, $8.2M)
Online training solution provider for companies
EARLY STAGE
$15.0M - Series B
Hash (2017, Sao Paulo, $27.1M)
Modular infrastructure for payment processing
QED Investors, Kaszek Ventures, Canary
EARLY STAGE
$26.7M - Series A
Cora (2019, Sao Paulo, $37.0M)
Digital bank for businesses
Ribbit Capital, Kaszek Ventures, QED Investors,
Greenoaks
EARLY STAGE
Series B
Delivery Much (2011, Santa Maria)
App-based platform for food ordering and delivery
SEED STAGE
$1.0M - Seed
Strap (2017, Monterrey, $1.0M)
Provider of a wearable mobility tool for the visually
impaired
Platform Capital
SEED STAGE
$1.6M - Seed
Agrolend (2020, Sao Paulo, $1.6M)
Platform offering credits to farmers to buy agricultural
inputs
CGC, Provence Capital, SP Ventures, Barn Invest

6. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Latam Tech in April 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
$1.8M - Seed
netLex (2019, Sao Paulo, $1.8M)
Cloud-based document life cycle & contract
management software provider
SEED STAGE
$2.7M - Seed
Atrato (2016, Jalisco, $2.8M)
Online platform for consumer loans
Accel, Martin Schrimpff, Bill Clerico
SEED STAGE
$3.0M - Seed
Nelo (2019, Ciudad De Nanacamilpa, $5.6M)
App-based virtual card payments
Homebrew, Susa Ventures, Rogue Capital, Crossbeam,
Unpopular Ventures
SEED STAGE
$3.0M - Seed
1DOC3 (2014, Bogota, $5.0M)
Online teleconsultation app for healthcare providers
and patients
MatterScale, Kayyak, Simma Capital, TheVentureCity,
EWA Capital, and 2 more
SEED STAGE
Seed
Houm (2003, Santiago, $1.5M)
Online rental property management platform for
owners and rental managers
Village Capital

7. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Latam Tech in April 2021
Latam Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Bond Capital
26 portfolio companies | venture capital firm focused on multiple sector
Kavak
Online dealer of pre-used cars
$485M Series D
Rogue Capital
6 portfolio companies | Venture capital firm investing in multiple sectors
Nelo
App-based virtual card payments
$3.00M Seed
CGC
19 portfolio companies | Venture capital firm investing in the food industry
Agrolend
Platform offering credits to farmers to buy agricultural inputs
$1.60M Seed
Crossbeam
1 portfolio companies | Solutions for data security and privacy
Nelo
App-based virtual card payments
$3.00M Seed
Unpopular Ventures
7 portfolio companies | Venture capital fund focused on multiple sectors
Nelo
App-based virtual card payments
$3.00M Seed
Platform Capital
1 portfolio companies | Private equity & debt firm focused on multiple sectors
Strap
Provider of a wearable mobility tool for the visually impaired
$1.01M Seed
Simma Capital
1 portfolio companies | Venture capital fund focused on multiple sectors
1DOC3
Online teleconsultation app for healthcare providers and patients
$3.00M Seed
INCA Investments
1 portfolio companies | Diversified investment management firm
Aptuno
Online home rental listing platform to discover residential apartments
$1.90M Seed
Baillie Gifford
102 portfolio companies | Asset Management and Investment Trusts
Loft
Online reseller of residential properties
$100M Series D
Swanhill Capital
2 portfolio companies | Private equity firm investing in the healthcare sector
1DOC3
Online teleconsultation app for healthcare providers and patients
$3.00M Seed

8. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Latam Tech in April 2021
Latam Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
EWA Capital
1 portfolio companies | Venture capital firm investing in multiple sectors
1DOC3
Online teleconsultation app for healthcare providers and patients
$3.00M Seed
Kayyak
1 portfolio companies | Venture capital fund investing in seed and series A
startups
1DOC3
Online teleconsultation app for healthcare providers and patients
$3.00M Seed

9. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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 3 Kavak | $485M | Series D
2 ▼-1 Digital Native Retail Banks $700M 3 Nubank | $400M | Series G
3 ▼-1 Direct Home Buying $525M 3 Loft | $425M | Series D
4 -- Disease Self Management > Cancer > Monitoring > App $521M 1 Wecancer | $521M | Series D
5 ▲2 Internet First Retail Bank with Partner Bank's License $401M 7 Neon | $300M | Series C
6 ▼-2
Alternative Lending > Online Lenders > Consumer Loans >
Diversified > Direct Lender
$258M 3 Creditas | $255M | Series E
7 -- Ecommerce Storefornt $239M 4 Nuvemshop | $90.0M | Series D
8 ▼-3 Hyperlocal Delivery $205M 5 Rappi | $300M | Series E
9 ▼-1 Online Home Improvements Marketplace $190M 1 MadeiraMadeira | $190M | Series E
10 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D

10. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Latam Tech in April 2021
Latam Tech: Analyst Picks
10
Upgraded to MINICORN
1DOC3 (2014, Bogota, Undisclosed, Seed)
Online teleconsultation app for healthcare providers
and patients
Wayra, Simma Capital, EWA Capital and 8 other
Investors
Upgraded to MINICORN
Ubits (2013, Juarez, Undisclosed, Seed)
Online training solution provider for companies
Venture Catalysts, Xylo Capital, ZNL Ventures and 9
other Investors
Added to Editor's Pick
GoFindOnline (2015, Joinville, $166K, Seed)
Proximity marketing solution for offline retailers and
brands
ACE Startups,Bzplan,M3 Investmentsand
Added to Editor's Pick
Atrato (2016, Jalisco, $125K, Seed)
Online platform for consumer loans
Martin Schrimpff, Startupbootcamp, Y Combinator and
2 other Investors
Added to Editor's Pick
Delivery Much (2011, Santa Maria, Undisclosed,
Series B)
App-based platform for food ordering and delivery
Added to Editor's Pick
Nelo (2019, Ciudad De Nanacamilpa, $3.0M, Seed)
App-based virtual card payments
Susa Ventures, Crossbeam, Rogue Capital and 2 other
Investors
Added to Editor's Pick
Fintoc (2020, Santiago, $125K, Seed)
Open banking API solutions to consumers for
connecting bank accounts
Y Combinatorand
Added to Editor's Pick
Afluenta (2010, Mexico City, Unfunded)
P2P platform for personal & commercial loans
Added to Editor's Pick
ARIX (2016, Puerto Varas, $30.0K, Grant (prize
money))
SaaS-driven predictive monitoring and maintenance
software for enterprises
Start-Up Chileand
Added to Editor's Pick
Zeeng (2017, Porto Alegre, Unfunded)
Cloud-based big data analytics software solution for
marketing
Bossa Novaand

11. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Latam Tech in April 2021
Latam Tech: Analyst Picks
11
Added to Editor's Pick
netLex (2019, Sao Paulo, $1.8M, Seed)
Cloud-based document life cycle & contract
management software provider
Added to Editor's Pick
Bogar (2018, Guadalajara, Unfunded)
Provider of AI-driven market intelligence software for
real estate professionals
Added to Editor's Pick
SMS Market (2010, Bauru, Unfunded)
Platform providing solutions for messaging marketing
Added to Editor's Pick
Genebra Quality (2008, Balneario Camboriu,
Unfunded)
Cloud-based quality management software provider
Added to Editor's Pick
Irboi (2020, Unfunded)
Provider of aircraft database solution
Added to Editor's Pick
Portal de Assinaturas Certisign (2012, Sao Paulo,
Unfunded)
Cloud-based legal digital signature management
solution provider
Added to Editor's Pick
Smart Driver Guide (2020, Unfunded)
App-based car insurance platform for individuals
Added to Editor's Pick
Certificc (2015, Cuauhtemoc, Unfunded)
Enterprise legal photographic evidence capturing
solution provider
Added to Editor's Pick
selfHotel (2015, Salvador, Unfunded)
Provider of digital marketing platform for hotels
Added to Editor's Pick
Hubbing (2018, Buenos Aires, Unfunded)
Provider of transportation management solution
Added to Editor's Pick
HYB (2007, Santa Maria, Unfunded)
Cloud-based financial & accounting management
software for nonprofit organizations
Added to Editor's Pick
WebProject (2014, Sao Paulo, Unfunded)
Cloud-based project management software for
construction professionals

12. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Latam Tech in April 2021
Latam Tech: Analyst Picks
12
Added to Editor's Pick
Aira (2015, Providencia, Unfunded)
AI-based recruitment solution for enterprises

13. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Latam Tech in April 2021
Latam Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
08 Apr 2021
Medical Harbour(2015, Florianopolis)
Cloud-based medical imaging tool for radiologists and hospitals
Afya Educacional
15 Apr 2021
BoosterAgro(2015, Buenos Aires)
Cloud-based platform for hyper-local weather forecasts
Agrosmart
16 Apr 2021
CliqueFarma(2011, Sao Paulo)
Online platform for comparison and purchase of medicines
Afya Educacional $3.4M
19 Apr 2021
13 Robotics(2016, Rio De Janeiro)
Provider of robotics-based solutions for the marine industry
Kraken Robotics
19 Apr 2021
Digital OnUS(2015, Monterrey)
Services for deployment automation in enterprises
Tech Mahindra $120.0M
19 Apr 2021
Mandic(1990, Sao Paulo)
Offers Cloud Storage Backup Online
Claranet
21 Apr 2021
Visor(2015, Mexico City, $0.5M)
Credit products aggregator for SMBs.
Credijusto
24 Apr 2021
IOUU(2016, Sao Paulo Do Potengi, $1.8M)
P2B lending platform for SMEs
SmartBank
30 Apr 2021
Tonolucro(2015, Palmas)
Online restaurant discovery and food ordering application

14. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Latam Tech in April 2021
Latam Tech:News
14
Exit News
.
● Tech Mahindra acquires DigitalOnUs for $120 million Livemint
.
● PicPay, the Brazilian mobile payments platform, files for an IPO on Nasdaq
TechCrunch
.
● Kraken Robotics completes 13R buy Offshore Energy
.
● Brazilian Boa Vista acquires anti-fraud service provider Konduto for BRL 172
million labsnews.com
.
● Claranet’s Acquisition of Mandic Cloud Solutions Global Legal Chronicle
.
● Sidetrade acquires major Order-to-Cash player in North America, Amalto
GlobeNewswire
.
● Sidetrade announces definitive agreement to acquire Amalto GlobeNewswire
.
● Mobile Payments App Ualá To Acquire Digital Bank Wilobank PYMNTS.com
.
People News
.
● Auth0 appoints first VP of privacy iTWire
.

15. Latam Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Latam Tech on Tracxn Platform
Latam Tech: Explore more on Tracxn Platform
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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
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Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
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Upcoming Events
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Tracxn Blog
Global Sector Landscape

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