Hiking LatAm Tech Markets | 2023 #27

BACP is the leading independent Investment Banking Firm in Latin America, delivering best-in-class financial and strategic advisory services to founders, companies, and financial sponsors on M&A and Capital Raising transactions.

Public Markets

M&A

?Anima Educacao [ANIM3.SA], a Brazil-based education company, has agreed to acquire additional 49% stake in IBCMED, a Brazil-based digital platform for the post-graduate training of health professionals, for U$ 18.6M. Full article

?Totvs [TOTS3.SA], a Brazil-based software and technology services provider, has agreed to acquire TRS Gestao e Tecnologia (TRS), a Brazil-based software development company and franchise of TOTVS Franchising System, for U$ 16.4M. Full article

?Unifique, a Brazilian internet services provider, has agreed to acquire Naxi Servico de Tecnologia e Consultoria, the holding company of Naxi Telecomunicacoes, a Brazil-based internet services provider, for U$ 7.4M. Full article

?Megatelecom, a Brazilian internet service provider, has acquired peer G8. Full article

?OLX Brasil, a Brazilian online classifieds company, has acquired Altimus, a Brazil-based software development company. Full article

?Puntored, a Colombia-based payments company, has acquired Gestopago, a Mexico-based fintech provider of payments solutions. Full article

?Grupo Zaaz, a Brazil-based internet and telecommunications services provider, has acquired Brazilian peer VisaoNet. Full article

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Funding Rounds

??Clivi, a Mexican diabetes healthcare delivery platform, has raised U$ 10M in a seed round led by Dalus Capital and Foundation Capital, along with participation from FEMSA Ventures, Cathay Innovation, Quiet Capital, 500 Global, Next Billion Ventures and Conexo. Full article

??Moova, an Argentinian startup offering a last-mile digital platform for urban logistics providers, has raised U$ 5M in a venture round led by Toyota Tsusho Corporation, along with participation from Alaya Capital, Galicia Ventures, Aybe Investments, Kalei Ventures, and Wayra. Full article

??SuaQuadra, a Brazilian B2B marketplace for commercial real estate, has raised U$ 4.5M in a seed round led by Kaszek, along with participation from ONEVC, Canary Ventures, Caravela Capital, and Cyrela. Full article

??Shinkansen, a Chilean paytech startup, has raised U$ 3M in a seed round led by ALLVP, along with participation from Salkantay Ventures, Chile Ventures, and Pedro Pineda. Full article

??Celes, a Colombian startup developing AI and analytics-driven solutions for retail SMBs, has raised U$ 1M in a seed funding round led by Primeline Group, along with participation from MatterScale and Rockstar. Full article

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