Rounds of the Week: Latin American Startups that Raised Early-Stage Investments

Proptech and health tech were some of the sectors that received seed rounds this week

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April 15, 2022 | 05:00 AM

Welcome to the rounds of the week. Venture capital continues to flow across the region. While fewer transactions were seen this week, it stands out that health tech startups are receiving more and more checks.

According to a report by the Latin American Private Equity Investment Association (LAVCA), this sector is moving forward. “Entrepreneurs are innovating to increase access to healthcare across the various markets and components they serve,” the report says.

Also notable are startups in the real estate sector (proptech) that are receiving investments.

Without further ado, here are the week’s rounds.

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Theia

Brazil-based health tech Theia, focused on women’s health, especially pregnant women, raised a $6.3 million seed round.

Led by the American fund 8VC, also entered the round the fund specialized in health Canaan, and Kaszek Ventures, (the same that bet on ideas such as Gympass, Nubank, Loggi, and QuintoAndar), a fund that had invested $1.4 million in Theia in 2019.

In addition, the health tech opened its first physical clinic in the region of Avenida Angélica, in the São Paulo capital, at the beginning of the year. The space was adapted and designed to welcome all women and be an inclusive and diverse environment, from welcoming obese pregnant women with disabilities and physical limitations. In the physical space, women can be attended by gynecologists, obstetricians, pediatricians, pelvic physiotherapists, and obstetric nurses.

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Kambio

The Mexican-American startup focused on designing and building high-quality real estate in a short period announced an initial investment round of more than $1 million, led by First Check Ventures, PlugAndPlay, and WeWork Alumni Fund, Bluebox Ventures, and Asymmetry Ventures.

It also had the participation of ConConcreto, one of the largest construction companies in Colombia; with Miguel McKelvey, co-founder of WeWork, Jeronimo, and Tomás Uribe de LaHaus as angel investors and contributions from some Family Offices, both Mexican and American. This 2022 Mexican market is an important focus for the expansion of this proptech.

B2B Stack

Brazilian software startup B2B Stack has received a R$2 million round from global investors. Contributors include funds such as Seed9, SaaSholic, and Bossa Nova, as well as more than 30 renowned angel investors. They include executives from world-renowned companies such as Google, TikTok, Amazon, and OLX, as well as world-renowned professional investors such as Zach George, managing partner at Launch Africa, and Chris Guzowski, founding partner at Polipo Ventures.

Launched in 2018, B2B Stack is a Latin American B2B software search and comparison platform. The company said that by 2021 more than 5 million B2B software buyers searched for new solutions for their company. The platform already categorizes thousands of B2B software used by Brazilian professionals.

Sinapse

Brazilian startup specializing in financial management Sinapse has completed its R$4.4 million angels round. The contribution, led by BR Angels Smart Network, counted on the participation of Aimorés Investimentos and renowned angel investors such as Paulo Silveira (Alura), Rudy Tarasantchi (CTO Afya), Guilherme Decourt (Ex-Monashees, partner of école 42), Karen Kanaan (Ex-Endeavor, partner of école 42) and Ricardo Morikio (Ex-E.bricks and Rocket internet). The amount will be invested in the development of the platform and the expansion of the team in the areas of products, technology, and growth.