Tracxn - Geo - LATAM Tech - Feb 2021

TRACXN MONTHLY REPORT
FEBRUARY 2021
LATAM TECH

Latam Tech - February 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

Latam Tech Snapshot – February 2021
Latam Tech: Snapshot – February 2021
Note : "Investors" refers to "Institutional Investors" only
3
$891M
10
Overall Geo Stats
18
8
44
24
14
Funding Rounds $ Invested Analyst Picks
Stori Upgraded to
SOONICORN
New Investors
Experian
CZI
Series A+ rounds Active Investors IPOs Acquisitions
PrimeStone#@
ReservaTurno#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Bogota
(3 Rounds, $22.0M)
Sao Paulo
(2 Rounds, $76M)
Mexico City
(1 Rounds, $65M)
Buenos Aires
(1 Rounds, $65M)
$520M - Series D
Wecancer (2015, Vitoria, $520M)
$84.5M - Series E
Descomplica (2011, Rio De Janeiro, $115M)
$74.5M - PE
Agibank (1999, Porto Alegre, $74.5M)
$70M - Series C
RecargaPay (2010, Sao Paulo, $123M)
Y Combinator
(1 Investments)
SoftBank Corp
(1 Investments)
Accel
(1 Investments)
Lightspeed Venture
Partners
(1 Investments)
Disease Self Management
Wecancer
Payments
RecargaPay
Banking Tech
Agibank
K-12 EdTech
Descomplica
Market Size
Companies Covered 16,237
Funded Companies 3,629
Total Funding $18.9B
Funding in last 12 months $5.0B
Top Exits
IPOs 45
Acquisitions 363
Company Stage
Unicorns 9
Soonicorns 45
Minicorns 159
Editor Picks 1,100
Series A+ 544
Series C+ 131
Acqui-Hires 6
Deadpooled 1,969
Top Cities
Sao Paulo (553 Rounds, $8.1B)
Buenos Aires (275 Rounds, $1.5B)
Top Investors
Start-Up Chile (198 Investments)
Wayra (161 Investments)

Investment Snapshot
Investment Snapshot of Latam Tech as of February 2021
Latam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2021)*
Wecancer
(2015, Vitoria, $521M)
$521M - Series D Vox Capital
Descomplica
(2011, Rio De Janeiro, $115M)
$84.5M - Series E The Invus Group
Agibank
(1999, Porto Alegre, $74.5M)
$74.5M - PE Vinci Partners
RecargaPay
(2010, Sao Paulo, $123M)
$70.0M - Series C IDC Ventures
Jüsto
(2018, Mexico City, $100M)
$65.0M - Series A General Atlantic
Stori
(2019, Miguel Hidalgo, $50.0M)
$32.5M - Series B Lightspeed Venture Partners
TüL
(2019, Bogota, $28.1M)
$20.3M - Series A
Flink
(2015, Xalapa, $13.0M)
$12.0M - Series A Accel
Monkey Exchange
(2016, Sao Paulo, $7.5M)
$6.0M - Series A Quona Capital
OnCall Health
(2020, , $3.2M)
$3.2M - Series A
BackStartup
(2014, Bogota, $2.0M)
$1.2M - Seed Alaya Capital Partners
*Shows only the lead Investors

List of Funding Rounds (1/2)
List of Funding Rounds in Latam Tech in February 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
$70.0M - Series C
RecargaPay (2010, Sao Paulo, $122.9M)
Mobile wallet and prepaid card provider
IDC Ventures, Fuel Venture Capital, ATW, Experian,
LUN Partners Group
LATE STAGE
$74.5M - PE
Agibank (1999, Porto Alegre, $74.5M)
Internet first bank
Vinci Partners
LATE STAGE
$84.5M - Series E
Descomplica (2011, Rio De Janeiro, $114.8M)
Provider of online learning platform for students
The Invus Group, SoftBank Corp, Intercorp, CZI,
Amadeus Capital, and 3 more
LATE STAGE
$520.5M - Series D
Wecancer (2015, Vitoria, $520.5M)
Provider of a mobile app for cancer patient to record
sickness and symptoms
Vox Capital
EARLY STAGE
$3.2M - Series A
OnCall Health (2020, , $3.2M)
Provider of care team booking platform for postpartum
care and maternity support
EARLY STAGE
$6.0M - Series A
Monkey Exchange (2016, Sao Paulo, $7.5M)
Online B2B marketplace for invoice receivables
Quona Capital, Kinea
EARLY STAGE
$12.0M - Series A
Flink (2015, Xalapa, $13.0M)
App for neo banking
Accel, ALLVP, Raptor Group, Kevin Efrusy, Oskar
Hjertonsson
EARLY STAGE
$20.3M - Series A
TüL (2019, Bogota, $28.1M)
App-based marketplace for procuring building
materials
EARLY STAGE
$32.5M - Series B
Stori (2019, Miguel Hidalgo, $50.0M)
NFC-enabled credit cards
Lightspeed Venture Partners, Source Code Capital,
Yuan Jing Capital, Bertelsmann Asia Investment Fund

List of Funding Rounds (2/2)
List of Funding Rounds in Latam Tech in February 2021
Latam Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$65.0M - Series A
Jüsto (2018, Mexico City, $100.0M)
Online platform to order groceries
General Atlantic, Foundation Capital, Quiet, Sweet
Capital, S7 Ventures, and 6 more
SEED STAGE
$500.0K - Seed
Treinta (2020, Bogota, $500.0K)
App-based accounting and financial management
solution for small businesses
Y Combinator
SEED STAGE
$1.1M - Seed
Ucrop.it (2018, Vicente Lopez, $1.1M)
Provider of traceability solution for crops
Closed Loop Fund, Yield Lab, Yugen Partners, RED
SURCOS
SEED STAGE
$1.2M - Seed
BackStartup (2014, Bogota, $2.0M)
Tech-enabled accounting and legal services for startups
and businesses
Alaya Capital Partners, Labcap, , 0BS
SEED STAGE
Seed
Moova (2018, Buenos Aires)
Online platform for last-mile delivery services
Movile

New Investors (1/2)
List of New Investors in Latam Tech in February 2021
Latam Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Experian
13 portfolio companies | Provider of credit reporting and theft identifying
solutions for consumers and businesses
RecargaPay
$70.00M Series C
CZI
22 portfolio companies | Foundation engaged in the areas of science, education,
and justice
Descomplica
$84.50M Series E
LUN Partners Group
7 portfolio companies | Venture capital firm focused on tech startups
RecargaPay
$70.00M Series C
IDC Ventures
7 portfolio companies | Venture capital fund focused on tech startups
RecargaPay
$70.00M Series C
Fuel Venture Capital
9 portfolio companies | Venture capital firm focused on innovative investments
RecargaPay
$70.00M Series C
Vinci Partners
1 portfolio companies | Alternative investment firm
Agibank
Internet first bank
$74.50M PE
RED SURCOS
1 portfolio companies | Produces and markets agricultural inputs
Ucrop.it
$1.10M Seed
lifeistooshort.capital
1 portfolio companies |
BackStartup
Tech-enabled accounting and legal services for startups and businesses
$1.20M Seed
Yugen Partners
1 portfolio companies | PE firm focused on blockchain technology
Ucrop.it
$1.10M Seed
Closed Loop Fund
10 portfolio companies | Sector-agnostic VC firm investing primarily in the US
Ucrop.it
$1.10M Seed

New Investors (2/2)
List of New Investors in Latam Tech in February 2021
Latam Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Intercorp
1 portfolio companies | Group company focused on development and welfare of
Peru
Descomplica
$84.50M Series E
The Invus Group
110 portfolio companies | Private equity fund focused on multiple sectors
Descomplica
$84.50M Series E
Bertelsmann Asia Investment Fund
98 portfolio companies | Tech focused Early stage Corporate VC investing in
geographies such as China
Stori
$32.50M Series B
Raptor Group
45 portfolio companies | VC firm investing in early and growth stage companies
in the US
Flink
App for neo banking
$12.00M Series A
Kinea
2 portfolio companies | Multi-strategy multi-asset hedge fund
Monkey Exchange
Online B2B marketplace for invoice receivables
$6.00M Series A
ATW
1 portfolio companies | Manufacturer of trailers and truck beds
RecargaPay
$70.00M Series C
Labcap
1 portfolio companies | Venture capital fund investing in multiple sectors
BackStartup
Tech-enabled accounting and legal services for startups and businesses
$1.20M Seed
Lightspeed Venture Partners
800 portfolio companies | Venture capital firm investing in multiple sectors
Stori
$32.50M Series B

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 <> 0 Digital Native Retail Banks $700M 3 Nubank | $400M | Series G
2 -- Disease Self Management > Cancer > Monitoring > App $521M 1 Wecancer | $521M | Series D
3 ▲3 Internet First Retail Bank with Partner Bank's License $386M 6 Neon | $300M | Series C
4 <> 0
Alternative Lending > Online Lenders > Diversified >
Direct Lender
$255M 1 Creditas | $255M | Series E
5 -- Online Second Hand Car Dealers $225M 2 Kavak | $225M | Series C
6 ▲1 Online Home Improvements Marketplace $190M 1 MadeiraMadeira | $190M | Series E
7 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D
8 ▲20 Whiteboarding Software $124M 1 MURAL | $124M | Series B
9 ▲20 Remote Work Tools > Whiteboard Platforms $124M 1 MURAL | $124M | Series B
10 ▼-2 Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F

New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Latam Tech in February 2021
Latam Tech: Analyst Picks
10
Upgraded to SOONICORN
Stori (2019, Miguel Hidalgo, $10.0M, Series A)
Yuan Jing Capital, Bertelsmann Asia Investment Fund,
DHVC and 3 other Investors
Jüsto (2018, Mexico City, $5.0M, Series A)
Online platform to order groceries
Foundation Capital, GE32 Capital, 500 Startups and 13
other Investors
Descomplica (2011, Rio De Janeiro, $7.0M, Series C)
Graph Ventures, The Invus Group, Social Capital and 15
other Investors
Wecancer (2015, Vitoria, $521M, Series D)
Provider of a mobile app for cancer patient to record
sickness and symptoms
Vox Capital,MidStage Venturesand
Upgraded to MINICORN
Agibank (1999, Porto Alegre, $74.5M, PE)
Internet first bank
Vinci Partnersand
Added to Editor's Pick
BackStartup (2014, Bogota, Undisclosed, Seed)
Tech-enabled accounting and legal services for startups
and businesses
MassChallenge, Labcap, Parallel18 and 5 other
Investors
Gro Direto (2016, Uberaba, $628K, Seed)
Mobile app-based platform for negotiations between
grain producers and buyers
Barn Invest, Monsanto, OpenVC and 3 other Investors
Ahazou (2016, Sao Paulo, Unfunded)
Cloud-based social media management software
solution provider
Monasheesand
Not Doppler (2005, Unfunded)
App-based casual mobile games developer

11
Cargamos.com (2018, Mexico City, $4.0M, Series A)
Provider of online delivery services
Mountain Nazca,FEMSAand
Treinta (2020, Bogota, $500K, Seed)
App-based accounting and financial management
solution for small businesses
First Check Ventures,Y Combinatorand
Klever (2014, Sao Paulo, Unfunded)
Digital wallet for cryptocurrencies
SVA Tech (2014, Belo Horizonte, $1.4M, Seed)
Provider of AI-based integrated video surveillance
systems
KPTLand
Origem (2017, Manaus, $1.0M, Seed)
Manufacturer of electric-motorbikes
Barn Investand
EBILL (2013, Bogota, Unfunded)
Cloud-based billing and digital invoicing solution for
businesses
Agrotools (2007, Sao Paulo, Unfunded)
Online platform offering agricultural raw materials
indirectly from brands
KPTLand
TRACTIAN (2019, Sao Paulo, Unfunded)
Cloud-based predictive maintenance software for the
manufacturing industry
BEX (1992, Unfunded)
Online platform focused on M&A investments
Mycustomsoft (2020, Unfunded)
Cloud-based lead generation and management
solution provider
Tenpo (2019, Santiago, Unfunded)
Wallet-based payment solution for consumers
Aerialoop (2020, Pichincha, Unfunded)
Provider of urban drone delivery solutions

12
Draftbox (2020, Unfunded)
No-code JAMstack blogging platform
Wise (2020, Escazu, Unfunded)
Provider of AI, blockchain and IoT-based System on
chips
TreinoJunto (2019, Curitiba, Unfunded)
Provider of an online scheduling and training platform
for personal trainers

Acquisitions
List of Acquisitions in Latam Tech in February 2021
Latam Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
03 Feb 2021
PrimeStone(1990, Bogota)
Provider of multiple solutions for utilities
Trilliant
09 Feb 2021
ReservaTurno(2013, Buenos Aires)
Mobile marketplace for beauty salons & spas
Whyline
11 Feb 2021 LeadsBridge(2015) ActiveProspect
11 Feb 2021
Quedex(2015, El Salvador)
Bitcoin derivatives exchange
Bitso
15 Feb 2021
4WARD(2013, Sao Paulo)
Provider of payment facilitation solutions and technology
development products for the payment industry
Bitz
22 Feb 2021
Hibox(2015, Buenos Aires)
Team messaging app with task management, file sharing and
video conferencing
Accedo
24 Feb 2021
Yapo(2011, Santiago)
Online classifieds platform
Frontier Digital Ventures
26 Feb 2021
JB Biotecnologia(2016, Paraopeba)
Provider of pest management techniques for agricultural and
forestry sectors
VITTIA Group

Recent News (1/2)
Recent News in Latam Tech in February 2021
Latam Tech:News
14
Exit News
.
● Accedo announces acquisition of Hibox Telecompaper
.
● Four firms in Brazilian mobile technology IPO Latin Lawyer
.
● Online classifieds firm Frontier Digital Ventures acquires Chile-based Yapo Tech
in Asia
.
● Ad Practitioners acquires Knoq to move the startup’s door-to-door marketing
approach online TechCrunch
.
● Crypto Exchange Bitso Acquires Crypto Derivatives Trading Platform Quedex
BlockTribune
.
● e.Republic Ventures Portfolio Company, Whyline Inc., Announces the
Acquisitions of RSVD’s US-operations and Re... Yahoo
.
People News
.
● Socure Taps Industry Expert Rong Cao as New Senior Vice President of
Technology Business Wire
.
● Vishal Dalal to lead international expansion of Pismo, one of the world's most
advanced financial platforms Medianet

Explore more on Tracxn
Explore more about Latam Tech on Tracxn Platform
Latam Tech: Explore more on Tracxn Platform
15
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 Loggi
Cap Tables of Kavak
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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Tracxn - Geo - LATAM Tech - Feb 2021

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