Tracxn - Monthly Report - Latam Tech - Sep 2021

TRACXN MONTHLY REPORT
SEPTEMBER 2021
LATAM TECH

Latam Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
2
Latam Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 10
Top Funded Business Models - last 1 year 12
New Analyst Picks 13
Acquisitions 19
Recent News 20

Latam Tech Snapshot – September 2021
Latam Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.1B
9
Overall Geo Stats
12
5
58
56
42
Funding Rounds $ Invested Analyst Picks
Konfío Upgraded to
UNICORN
New Investors
Grão
Equitas
Series A+ rounds Active Investors IPOs Acquisitions
Spin Pay#@
Sr. Pago#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Mexico City
(9 Rounds, $67.8M)
Sao Paulo
(5 Rounds, $93.4M)
Bogota
(3 Rounds, $75.3M)
Monterrey
(3 Rounds, $375K)
$700M - Series E
Kavak (2016, Chihuahua, $1.4B)
$110M - Series E
Konfío (2014, Miguel Hidalgo, $378M)
$80M - Series C
Tembici (2010, Sao Paulo, $127M)
$75M - Series B
Addi (2018, Bogota, $140M)
Y Combinator
(28 Investments)
Monashees
(3 Investments)
Tiger Global Management
(2 Investments)
QED Investors
(2 Investments)
Auto E-Commerce & Content
Kavak
Alternative Lending
Konfío
HRTech
Lernit
Payments
Toku
Market Size
Companies Covered 21,691
Funded Companies 3,907
Total Funding $26.4B
Funding in last 12 months $12.0B
Top Exits
IPOs 33
Acquisitions 398
Company Stage
Unicorns 22
Soonicorns 51
Minicorns 176
Editor Picks 1,410
Series A+ 537
Series C+ 120
Acqui-Hires 4
Deadpooled 2,008
Top Cities
Sao Paulo (601 Rounds, $11.8B)
Buenos Aires (281 Rounds, $2.3B)
Top Investors
Start-Up Chile (192 Investments)
Y Combinator (121 Investments)

Investment Snapshot
Investment Snapshot of Latam Tech as of September 2021
Latam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
Kavak
(2016, Chihuahua, $1.4B)
$700M - Series E General Catalyst Partners
Konfío
(2014, Miguel Hidalgo, $378M)
$110M - Series E Tarsadia Investments
Tembici
(2010, Sao Paulo, $127M)
$80.0M - Series C Crescera Capital
Addi
(2018, Bogota, $140M)
$75.0M - Series B Greycroft
Jüsto
(2018, Mexico City, $140M)
$40.0M - Series A
Higo
(2017, , $26.3M)
$23.0M - Series A Accel
Flat
(2019, Mexico City, $24.9M)
$20.0M - Series A Anthemis Group
TruePay
(2020, Sao Paulo, $8.5M)
$8.5M - Seed Kaszek Ventures
Clapptech
(2017, Huixquilucan, $7.5M)
$7.5M - Series A GLP Capital Partners
Cargamos.com
(2018, Mexico City, $11.0M)
$7.0M - Seed Ricardo Weder
Turismocity groups
(2012, , $6.0M)
$6.0M - Angel Eduardo Elsztain
*Shows only the lead Investors

List of Funding Rounds (1/5)
List of Funding Rounds in Latam Tech in September 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
$80.0M - Series C
Tembici (2010, Sao Paulo, $127.0M)
Tech-enabled solutions for electric-bike sharing
Crescera Capital, Endeavor, Redpoint eventures, Igah
Ventures
LATE STAGE
$110.0M - Series E
Konfío (2014, Miguel Hidalgo, $378.0M)
Financial solutions platform provider
Tarsadia Investments, QED Investors, Kaszek Ventures,
International Finance Corporation, VEF, and 2 more
LATE STAGE
$700.0M - Series E
Kavak (2016, Chihuahua, $1.4B)
Online dealer of pre-used cars
General Catalyst Partners, Spruce House Investment
Management, Founders Fund, Tiger Global
Management, Ribbit Capital, and 1 more
EARLY STAGE
$3.5M - Series A
Cayena (2004, Itaim Bibi, $4.0M)
Marketplace of grocery products for businesses
Picus Capital, MSA, FEMSA VENTURES, , Astella
Investimentos, and 3 more
EARLY STAGE
$7.5M - Series A
Clapptech (2017, Huixquilucan, $7.5M)
Online platform to find residential and commercial
properties
GLP Capital Partners
EARLY STAGE
$20.0M - Series A
Flat (2019, Mexico City, $24.9M)
Online reseller of residential properties
Anthemis Group, 500 Startups, Expa, ALLVP, Eric Wu,
and 2 more
EARLY STAGE
$23.0M - Series A
Higo (2017, , $26.3M)
Cloud-based accounts payable processing solution for
businesses
Accel, Susa Ventures, J Ventures, Audacious,
Homebrew, and 4 more
EARLY STAGE
$40.0M - Series A
Jüsto (2018, Mexico City, $140.0M)
Online platform to order groceries
EARLY STAGE
$75.0M - Series B
Addi (2018, Bogota, $140.0M)
Online platform for point of sale financing
Greycroft, Foundation Capital, Quona Capital, Citius
Capital, Monashees, and 4 more

6
SEED STAGE
$125.0K - Seed
Datlo (2011, Maringa, $125.0K)
Provider of databases on various sectors
Y Combinator
SEED STAGE
$125.0K - Seed
ContaLink (2008, Mexico City, $125.0K)
Cloud-based accounting automation software for SMEs
Y Combinator
SEED STAGE
$125.0K - Seed
Cococart (2020, , $125.0K)
Platform offering storefront solution for online
businesses
Y Combinator
SEED STAGE
$125.0K - Seed
Perfekto (2021, Mexico City, $125.0K)
Platform offering subscription-based fruit and
vegetable delivery services
Y Combinator
SEED STAGE
$125.0K - Seed
Kodda (2020, Monterrey, $125.0K)
Online pet and auto insurance platform for individuals
Y Combinator
SEED STAGE
$125.0K - Seed
Cero (2020, Santiago, $125.0K)
AI and cloud-based patient communication solutions
Y Combinator
SEED STAGE
$125.0K - Seed
FastFarma (2020, Quito, $125.0K)
Online pharmacy focusing on the sale of medicines and
healthcare products
Y Combinator
SEED STAGE
$125.0K - Seed
Toku (2020, Santiago, $125.0K)
Recurring payment solutions for businesses
Y Combinator
SEED STAGE
$125.0K - Seed
PideDirecto (2020, Monterrey, $125.0K)
Provider of digital ordering and delivery platform for
online businesses
Y Combinator

7
SEED STAGE
$125.0K - Seed
Fitia (2021, Lima, $125.0K)
Mobile-based application providing diet programs
Y Combinator
SEED STAGE
$125.0K - Seed
Palenca (2021, Mexico City, $125.0K)
Online payroll management software
Y Combinator
SEED STAGE
$125.0K - Seed
Portão 3 (2019, Uberlandia, $125.0K)
Cloud-driven travel management platform for
corporate travelers
Y Combinator
SEED STAGE
$125.0K - Seed
Trii (2019, Bogota, $125.0K)
Trading platform focused on stock assets
Y Combinator
SEED STAGE
$125.0K - Seed
Verde (2021, , $125.0K)
Software for credit advisors
Y Combinator
SEED STAGE
$125.0K - Seed
Chipax (2016, Vitacura, $125.0K)
Financial management software for small and medium-
sized businesses
Y Combinator
SEED STAGE
$125.0K - Seed
Ahazou (2016, Sao Paulo, $125.0K)
Cloud based platform offering social media
management solutions
Y Combinator
SEED STAGE
$125.0K - Seed
Levo (2020, Mexico City, $125.0K)
Online group savings platform for individuals
Y Combinator
SEED STAGE
$125.0K - Seed
Mejores CDT (2021, Bogota, $125.0K)
Online platform for CDT comparison
Y Combinator
SEED STAGE
$125.0K - Seed
Customily (2017, Montevideo, $125.0K)
Provider of product personalization solutions to e
retailers
Y Combinator
SEED STAGE
$125.0K - Seed
Monto (2019, Nuevo Leon, $125.0K)
App-based platform for payday loans
Y Combinator

8
SEED STAGE
$125.0K - Seed
Abstra (2020, , $125.0K)
Low code application development platform
Y Combinator
SEED STAGE
$125.0K - Seed
Lernit (2017, Nuevo Leon, $125.0K)
Cloud-based learning management software for
enterprises
Y Combinator
SEED STAGE
$125.0K - Seed
Glitzi (2016, Mexico City, $125.0K)
Web and mobile-based platform for availing beauty
services at home
Y Combinator
SEED STAGE
$125.0K - Seed
InstaCrops (2014, Providencia, $3.3M)
Provider of cloud and AI-powered sensors systems for
agricultural applications
Y Combinator
SEED STAGE
$125.0K - Seed
Buho Contable (2019, Monterrey, $125.0K)
Online taxation services for micro and small businesses
Y Combinator
SEED STAGE
$125.0K - Seed
Pluggy (2019, Sao Paulo, $125.0K)
Open banking API for financial institutions
Y Combinator
SEED STAGE
$125.0K - Seed
Rendalo Maq (2020, Santiago, $125.0K)
Online platform for industrial equipment rentals
Y Combinator
SEED STAGE
$125.0K - Seed
Okani (2021, Mexico City, $125.0K)
Provider of online consultation services with the
healthcare providers
Y Combinator
SEED STAGE
$2.7M - Seed
Examedi (2021, Las Condes, $2.8M)
Online platform providing diagnostic tests and
examinations
8VC, Quiet Capital, Goodwater Capital

9
SEED STAGE
$4.6M - Seed
BHub (2021, Sao Paulo, $4.6M)
Subscription management software
Valor, Monashees, Picus Capital, QED Investors, , and 4
more
SEED STAGE
$6.0M - Angel
Turismocity groups (2012, , $6.0M)
AI-enabled metasearch platform for travel bookings
Eduardo Elsztain, Martin Migoya, Francisco Alvarez-
Demalde, Pablo Saubidet
SEED STAGE
$7.0M - Seed
Cargamos.com (2018, Mexico City, $11.0M)
Provider of online delivery services
Kayyak, Nazca, FEMSA, Ricardo Weder, Guilherme
Pinho Bonifacio, and 1 more
SEED STAGE
$8.5M - Seed
TruePay (2020, Sao Paulo, $8.5M)
Online platform for invoice factoring
Kaszek Ventures, Monashees, Onevc

New Investors (1/2)
List of New Investors in Latam Tech in September 2021
Latam Tech: List of New Investors
10
Investor Company Info Round Amount Round Name
Grão
1 portfolio companies | Venture capital fund focused on multiple sectors
Cayena
$3.50M Series A
Equitas
1 portfolio companies | Equitas - Gestora de fundos especialista em renda
variável | Sobre
BHub
$4.60M Seed
Latitud
1 portfolio companies | Latitud | Home
BHub
$4.60M Seed
Audacious
5 portfolio companies | Limited information available
Higo
Cloud-based accounts payable processing solution for businesses
$23.00M Series A
endeavor.org/approach/catalyst
1 portfolio companies |
Addi
$75.00M Series B
Spruce House Investment Management
9 portfolio companies | Diversified investment management firm
Kavak
Online dealer of pre-used cars
$700M Series E
GLP Capital Partners
4 portfolio companies | Provider of trucking transportation and logistics services
Clapptech
Online platform to find residential and commercial properties
$7.50M Series A
Nazca
2 portfolio companies | Nazca
Cargamos.com
$7.00M Seed
intersectiongp.com
1 portfolio companies | Intersection Growth Partners
Addi
$75.00M Series B
Addition Capital
13 portfolio companies | Private equity fund focused on multiple sectors
BHub
$4.60M Seed

New Investors (2/2)
List of New Investors in Latam Tech in September 2021
Latam Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Anthemis Group
144 portfolio companies | UK focused early to growth stage venture capital &
advisory firm
Flat
$20.00M Series A
Expa
42 portfolio companies | Sector agnostic startup studio
Flat
$20.00M Series A

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.
12
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲145 Online Used Cars Dealers $1.4B 3 Kavak | $700M | Series E
2 -- E-Commerce Storefronts $1.2B 7 Tiendanube | $500M | Series E
3 ▲40 Crypto Exchanges $550M 4 Bitso | $250M | Series C
4 ▲1 iBuying Platforms $545M 3 Loft | $425M | Series D
5 ▲74 Internet First Residential Real Estate Brokers $441M 3 QuintoAndar | $300M | Series E
6 -- Business Payments Solutions $400M 1 EBANX | $400M | Series B
7 ▼-1 Internet First NFC Prepaid Cards $350M 1 Uala | $350M | Series D
8 ▲6 Internet First Business Loans $275M 6 Konfío | $125M | Series E
9 -- POS Payment Terminals $250M 1 Clip | $250M | Series D
10 <> 0 Plant Based Seafood Substitutes $246M 2 NotCo | $236M | Series D

New Analyst Picks (1/6)
Interesting Companies identified by Analysts in Latam Tech in September 2021
Latam Tech: Analyst Picks
13
Upgraded to UNICORN
Konfío (2014, Miguel Hidalgo, $125M, Series E)
Financial solutions platform provider
QED Investors, SoftBank Group Corp, 500 Startups and
15 other Investors
Upgraded to MINICORN
Higo (2017, , $3.3M, Seed)
Cloud-based accounts payable processing solution for
businesses
Claire Hughes Johnson, Audacious, Tiger Global
Management and 6 other Investors
Cargamos.com (2018, Mexico City, $4.0M, Series A)
Ricardo Weder, Nazca, Carlos Garcia Ottati and 4 other
Investors
Cayena (2004, Itaim Bibi, $3.5M, Series A)
FEMSA VENTURES, Canary, Picus Capital and 5 other
Investors
TruePay (2020, Sao Paulo, $8.5M, Seed)
Online platform for invoice factoring
Monashees,Onevc,Kaszek Venturesand
Clapptech (2017, Huixquilucan, $7.5M, Series A)
Online platform to find residential and commercial
properties
GLP Capital Partnersand

14
Added to Editor's Pick
Beep Saude (2016, Rio De Janeiro, $1.6M, Seed)
Online platform to book appointments with doctors
and house calls
Valor,Endeavor,DNA Capitaland
Glitzi (2016, Mexico City, $125K, Seed)
Web and mobile-based platform for availing beauty
services at home
Y Combinator,Act One Ventures,Zentani Capitaland
Infracommerce (2012, Sao Paulo, Undisclosed,
Series E)
Provider of end-to-end eCommerce solutions for
businesses
FJ Labs,Flybridge Capital Partners,E Bricks Venturesand
Finaktiva (2016, Medellin, $5.0M, Conventional Debt)
Online platform for buisness loans
ANDEO, Conny Boersch, Yunus Social Business and 4
other Investors
Turismocity groups (2012, , $6.0M, Angel)
AI-enabled metasearch platform for travel bookings
Eduardo Elsztain, Francisco Alvarez-Demalde, Martin
Migoya and 1 other Investors
AZpop (2019, Indaiatuba, Unfunded)
Provider of a cloud-based local business listing
application
Aegro (2015, Porto Alegre, $1.3M, Seed)
Farm management software with a focus on team
integration
a.b.seed Ventures, WOW, SP Ventures and 4 other
Investors
Hiper (2012, Brusque, $1.2M, Seed)
Cloud-based inventory management and accounting
solutions for offline retailers
M3 Investments, Cventures, ACE Startups and 2 other
Investors
LifeMiles (2011, Bogota, Undisclosed, Seed)
Frequent flyer program
Advent Internationaland
Kiwify (2020, Balneario Camboriu, $125K, Seed)
Mobile-based platform providing course creation and
selling solutions
Y Combinatorand
ENVOY (2021, Willemstad, $2.5M, Seed)
Community-driven marketplace for collectibles, artists,
and brands
Maven Capital Partners, Prometheus Laboratories,
Kyros and 5 other Investors
Meu Caixa (2019, Fortaleza, Unfunded)
Expense management software for businesses

15
Asdeporte (2000, Mexico City, Unfunded)
Provider of a sports community for finding sports
events
Trizy (2017, Ponta Grossa, Unfunded)
Offers an app for managing truck transportation
services
Casa das Apostas (2017, Unfunded)
Provider of an app to simulate and track bets
Passagens Imperdíveis (2013, Unfunded)
App-based platform that provides deals on flight ticket
bookings
MáximaTech (2009, Goiania, Unfunded)
Provider of web-based delivery management solutions
Intergado (2013, Betim, $2.7M, Series A)
Develops and offers an integrated herd management
system
KPTLand
Mercafacil (2003, Curitiba, Unfunded)
Platform offering multiple retail technology solution
TM3 Capitaland
Sistema Saberes (2009, Cundinamarca, Unfunded)
SaaS and app-based platform offering school
management solutions
uCondo (2015, Curitiba, Unfunded)
SaaS-driven property management software for
owners and property managers
Oxigênio Aceleradoraand
Lottery Results (2019, Unfunded)
App-based platform offering lottery results
Post2B (2017, Sao Paulo, Unfunded)
Provider of an influencer marketplace
Clin (1997, Caruaru, Unfunded)
Online platform for finding dental plans and dentists

16
Izit (2013, Santiago, Unfunded)
Product recommendation app for offline retailers
ChileGlobal Venturesand
Quero Te Saber (2019, Rio De Janeiro, Unfunded)
Provider of religion-based matchmaking platform
Melhores Destinos (2008, Brasilia, Unfunded)
App-based platform that provides deals on air tickets &
travel packages
PJBank (2013, Barueri, Unfunded)
Digital bank for businesses
Swingar (2018, Sao Paulo, Unfunded)
Provider of a dating platform for swingers
Stacione Pay (2021, Centro, Unfunded)
App-based platform offering payment services for
rotatory parking
Stickers Argentina (2018, Unfunded)
App-based platform providing stickers and emojis
DeliRec (2021, Rio De Janeiro, Unfunded)
Online platform offering recipe discovery
Astella Investimentosand
goFlux (2015, Sao Paulo, $1.2M, Seed)
Provider of an AI & web-based digital freight
marketplace for food grains
,SP Ventures,Banco Rendimentoand
Tektra (2021, Planalto, Unfunded)
Provider of GPS and cloud-based vehicle tracking
systems
Conecturma (2013, Rio De Janeiro, $1.3M, Seed)
Provider of online learning platform for kids
Vox Capitaland
Matthew Mais (2020, Sao Paulo, Unfunded)
App-based platform offering cashback and discounts
for multi-category products

17
FitFind (2021, Sao Paulo, Unfunded)
App-based platform offering fuel station discovery
solutions
Shipay (2019, Sao Paulo, Unfunded)
Provider of QR digital payments solution for online and
offline businesses
Oxigênio Aceleradoraand
Quick (2014, Bogota, Unfunded)
Offers an app-based platform providing freight
transportation service
Vermelhinhas EPT (2020, Curitiba, Unfunded)
App-based platform offering bicycle-sharing services
Bright Cities (2015, Campinas, Unfunded)
Provider of an AI-based smart city assessment platform
Etiqueta Unica (2012, Sao Paulo, Unfunded)
Online marketplace offering pre-owned luxury multi-
category fashion products
Chat-Bots SAS (2016, Bogota, Unfunded)
Provider of an AI-based chatbot solution to automate
workflow
Grupo RYD (2008, Malvinas, Unfunded)
Provider of a conversational AI platform for customer
experience
>evdc (2011, Sao Jose Dos Campos, Unfunded)
SaaS-driven maintenance management solution for
commercial spaces
Ocular (2019, Santiago, Unfunded)
Provider of conversion rate optimization solutions
Drivelock (, Quito, Unfunded)
Provider of GPS and cloud-based vehicle tracking
systems
Munkys (2016, Medellin, Unfunded)
Cloud-based suite solutions for business process
management

18
PeruClown (2021, Lima, Unfunded)
Provider of online tutoring solutions for kids
KnowHow (, Guayaquil, Unfunded)
Mobile-based platform providing multiple language
learning solutions

Acquisitions
List of Acquisitions in Latam Tech in September 2021
Latam Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
01 Sep 2021
Spin Pay(2018)
Network to connect payers and receivers
Nubank
15 Sep 2021
Sr. Pago(2010, Mexico City, $5.0M)
Payment processing solutions for businesses
Konfío
16 Sep 2021
MIT(2004, Tlalpan)
Payment solutions for businesses
PagoNxt
20 Sep 2021
Skoob(2009, Rio De Janeiro)
Community platform for Bibliophiles
Americanas
27 Sep 2021
Quanto Custa Viajar(2014, Curitiba)
Online meta-search platform for booking multiple travel services
Turismocity groups

Recent News (1/2)
Recent News in Latam Tech in September 2021
Latam Tech:News
20
Exit News
.
● Paysafe finalises Latin American PagoEfectivo acquisition fintechmagazine.com
.
● Mercado Livre’s Acquisition of 100% of the Kangu delivery platform Global Legal
Chronicle
.
● Paysafe To Acquire PagoEfectivo Business Wire
.
● Santander's PagoNxt acquires 70% stake in tech partner MIT Finextra
.
● americanas s.a.’s Acquisition of Skoob Google Usercontent
.
People News
.
● Latin America Tech Business Leader Pontes Joins MedPass Board of Directors
Business Wire
.
● ZENVIA Announces Shay Chor as Investor Relations Officer CNW
.
● Sharat Kusuma M.D. Joins vTail’s Advisory Board Orthopedics

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
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Tracxn - Monthly Report - Latam Tech - Sep 2021

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Tracxn - Monthly Report - Latam Tech - Sep 2021