Bloomberg Línea — As September comes to a close, the venture capital sector in Latin America had 64 transactions, with 34 in Brazil and 30 in the Hispanic Latin America, according to a report from Mindset Ventures using PitchBook data. “The moment continues to be very positive for investments, given the bargaining power of investors compared to entrepreneurs due to the less aggressive way investments have been made,” says the report.
At the same time, CB Insights released a ranking of the top investors in early-stage venture capital in Latin America. The ranking is based on a scoring model that uses CB Insights’ database. In first place is Bossa Invest, with 239 transactions and 69% of investments since 2020 having subsequent rounds. Bossa Invest has invested in Clara, Traive, and 99 Minutos.
Monashees is in the second position with 60 deals, and 35% of investments in 2020 had subsequent rounds. Some of Monashees’ investments include Merama, Clara, and Nowports.
Canary, Kaszek, and Latitud round out the top five, followed by Norte, Domo Invest, Magma Partners, Valor Capital, Maya Capital, Astella, Endeavor Scale-Up Ventures, Redpoint eVentures, and Iporanga Ventures.
Here are some of the startups that raised funds this week:
Fintech CondoConta, which specializes in managing Brazilian condominiums, received a new investment of R$ 30 million from EXT Capital. CondoConta says it has already processed about R$ 500 million in transactions and has approximately 3,000 condominium clients across Brazil. The company had previously raised two investments, one with Redpoint eVentures in partnership with Darwin Startups and another with Igah Ventures, totaling R$ 22.6 million. Additionally, the fintech secured two FIDCs, one worth R$ 20 million with Empírica and another worth R$ 50 million with Galápagos. According to the company, the new investment will accelerate its condominium credit branch, expanding its capacity to grant financing to condominiums.
Colombian startup Cobre, based in Cartagena, is a developer of corporate banks designed to connect companies with their employees. According to PitchBook, the company raised $13 million in venture funding in a transaction led by Kaszek on October 5th. Other undisclosed investors also participated in the round. The funds will be used to expand the payment automation platform beyond Colombia. The company’s platform allows users to make payments and conduct various financial transactions, enabling businesses to have visibility and control over financial transactions, specifically centralizing, digitizing, and automating payment processes.