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Latin America is rising. Subscribe to Semilla.VC’s Dealflow.LA Newsletter to keep up.
OneCarNow! 🇲🇽 raised a $1.1 Million seed round to provide car subscriptions to bank-ignored gig workers.
Finanzero 🇧🇷 raised a $4 Million “Venture Round” co-led by Swedish investors VEF 🇸🇪, Dunross & Co 🇸🇪, Atlant Fonder 🇸🇪, and Webrock Ventures 🇸🇪. This is Finanzero’s most recent funding since a previous $7M April 2021 “Venture Round” and $11M April 2019 Series B. Finanzero operates an online marketplace that operates as a consumer loan broker enabling users to select banks that offer low-interest loans.
Naya Homes 🇲🇽 raised a $5 Million Seed Round led by Flybridge 🇺🇸 to redefine the short-term and vacation rental experience for homeowners in Latin America.
Bia Energy 🇲🇽 raised a $6 Million pre-seed round led by Canary 🇧🇷 from 8VC 🇺🇸, Marathon Ventures 🇨🇴, MatterScale Ventures 🇺🇸, Nazca 🇪🇸, Opera 🇨🇴, and Global Founders Capital 🇩🇪, to allow homes and businesses to save on their electric bills with intelligent consumption data through a Saas subscription model associated with proprietary in-building hardware.
Mudafy 🇲🇽 raised a $10 Million Series A led by Founders Fund 🇺🇸 & Y Combinator 🇺🇸 , with funding from Soma Capital 🇺🇸 to fix Latin America’s “broken” real estate processes.
International Finance Corporation (IFC), part of the World Bank Group 🌎, is providing a financing package of $50 million to Banco BV 🇧🇷 the seventh largest bank in Brazil and operates in the wholesale, retail, and asset management divisions to support the bank’s climate-smart vehicle loan portfolio in Brazil. The project aims to widen access to finance for the purchase of these vehicles and help strengthen the country’s climate finance market.
VINCI Airports, who manages more than 50 airports in France, Portugal, Cambodia, Chile, Japan, Dominican Republic, Brazil, Costa Rica, the United States, the United Kingdom, and Serbia, acquired a 29.99% Grupo Aeroportuario Centro Norte (NASDAQ: OMAB), who manages 13 airports in the central and northern states of Mexico, for $815 Million.
Political & Currency Risk Report
Argentina’s new ‘Economy Minister’ Sergio Massa took office… (AP)
Argentine Pesos tumbles 0.5% this week in USD conversion rate. (XE)
Belize’s Ministry of Agriculture to buy 18,000 high-yielding coconut seeds from Brazil. (BBN)
Mexican Foreign Minister lands in Bolivia on key tour regarding lithium production. (Merco)
According to polling data, President Bolsonaro is slowly gaining ground on Former President Lula’s lead.
Chile to ‘sanction’ those responsible for sinkhole near copper mine. (Reuters)
Former rebel Gustavo Petro is sworn in as Colombia’s first leftist president. (NBC)
🇨🇷 Costa Rica
Intel opened its new Assembly and Test factory in San Antonio de Belen in an event attended by President Rodrigo Chaves, and several of his ministers. (BNA)
🇩🇴 Dominican Republic
The Dominican Republic’s new low-cost carrier AraJet has begun selling tickets for a projected 15 September launch. (FlightGlobal)
Judge Judge Banny Rubén Molina, who tried to free former Vice President Jorge Glas, was arrested in Ecuador. (Al Día)
🇸🇻 El Salvador
President Nayib Bukele questioned FBI’s Trump-targeted Mar-a-Lago raid on his Twitter, aks what US government would say if his police targeted candidates.
Hundreds of Guatemalans protested in the capital against alleged corruption by a deeply unpopular government, the high cost of living, and attacks on freedom of expression. (Independent)
Honduras’ central bank expects inflation to reach 10.30% in 2022. (Reuters)
The Honduran Foreign Ministery is considering moving the country’s embassy in Israel back to Tel Aviv, a year after moving it to Jerusalem. (Reuters)
Bank of Mexico raises interest rates to a record 8.5 percent, its highest inflation in 22 years. (AJ)
Mexico considering a $1.5 bn investment to boost internet access nationwide. (Reuters)
The Mexican government will invest 600mn pesos (US$30mn) to reinforce the second terminal of Mexico City’s International Airport (AICM), which has been controversial due to alleged structural flaws. (BNA)
‘Not even Orwell could have dreamed up a country like this’ as Journalists flee Nicaragua. (LA Times)
Panama City now boasts Central America’s most modern airport terminal with 20 new gates, a spacious concourse, soaring ceilings, and lots of natural light. (TravelPulse)
Former Paraguayan president and current senator Fernando Lugo is in a medically induced coma after suffering a stroke. (ABC)
Police raid the presidential palace over an arrest warrant for the president’s sister-in-law after allegations of corruption and money laundering. (DW)
🇵🇷 Puerto Rico
Former Puerto Rico Governor is the latest official to be arrested in a DOJ corruption crackdown on the island, after being accused of bribery and mail fraud during her failed 2020 election campaign. (Reason)
A booming beef industry has urban cowboys lining up to buy cattle in Uruguay. (Bloomberg)
Venezuela now seeks to reestablish military relations with Colombia per Venezuelan General Vladimir Padrino via the Venezuelan defense ministry’s Twitter. (Reuters)
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