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DIRECTORY
125+ Startups
with US$1m+ in LAVCA-Verified
VC Funding in 2019
LATIN AMERICAN
STARTUP DIRECTORY
OVERVIEW
The latest edition of the Latin American Startup Directory includes 126 startups that raised US$1m+ in verified
venture funding in 2019, and are still in operation, as tracked by LAVCA.
51 of the startups that raised US$1m+ prior to 2019 raised a follow-on round of at least US$1m (and up to US$1b)
in 2019, including, notably, unicorns Gympass, Loft, Loggi, Nubank, Quinto Andar, and Rappi. An additional 75
NEW startups raised at least US$1m in VC funding in 2019. This growth is consistent with the previous year, when
75 new startups qualified for the Startup Directory based on their 2018 funding.
As venture investment has scaled, Latin America has produced a growing cohort of startups backed by the region’s
tech investors and global investors alike. Using venture backing as an initial criteria, LAVCA established the Latin
American Startup Directory in 2016 to identify and track these startups as they grow.
For a list of startups that raised at least US$1m in VC funding through 2018, view LAVCA’s 2019 Latin American
Startup Directory.
This cohort does not include startups that have been acquired or realized an IPO. See p.28 for an adjacent list of
highlighted startups that have raised US$1m+ and have been acquired/listed, including 99, Globant, Linio, Stone
Pagamentos, and others.
METHODOLOGY
Startups include companies with operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico,
Peru, and Uruguay. Some companies also have operations in other markets, including the US and Europe. Startups
headquartered in the US or outside Latin America were included if they were founded by a Latin American, have
significant operations in the region, and serve a Latin American market.
Investors include PE and VC firms, and also DFIs, family offices, and other professional investors making private
capital commitments to Latin American startups. Investors are based globally.
EXPANSION Capital for companies that have reached a sustainable level of development
and may be shipping products including Series C, D, and beyond.
This list only includes those startups with funding information that was made public, or in some instances
confirmed with primary sources by LAVCA, as of January 1, 2020. Profile details for each startup have been verified
by the founders or executive teams of 74 of the 130 startups. The remaining information was confirmed through
secondary sources as of June 15, 2020.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 2
LATIN AMERICAN STARTUP DIRECTORY
BY THE NUMBERS
MAR
5%
FOODTECH 3%
HR
KETP
ECH
EXPANSION
6% E /
AGTECH 3%
TE
H AR
STAGE
CH
EDT
EC HC
ADTECH &
LACE 14%
OT T
5%
MARKETING 2%
BI EAL
%
5%
H
TRANSPORTATION 2%
E 7
CRM 2% ERC
M
OM
CLEANTECH 2% E-C
LEGALTECH 2% SAAS 7% SEED/ EARLY
DIGITAL SECURITY 1%
SPACETECH 1% PR
INCUBATOR STAGE
OP 28%
DIGITAL MEDIA &
ENTERTAINMENT 1%
TE
CH 57%
9%
HOSPITALITY / TRAVEL /
TOURISM 1%
DATA MANAGEMENT 1%
BUSINESS SERVIES 1%
CONSUMER RETAIL 1%
GAMES 1%
SALES MANAGEMENT 1%
MEXICO
A1
19
AR
4%
GE
IA
NT CO 18%
MB
IN
A LO
M
LO
13
% BI
A
CO
WEST
EURO
PE 1
MEXICO 11
2% %
36%
CHILE 10%
ARGENTINA 5% BRAZIL
USA*
5% 54%
BRAZIL 5%
CENTRAL AMERICA 6%
ILE
URUGUAY 6%
PERU 5%
64% CH
ASIA 2%
SOUTH AMERICA OTHER ** 2%
CANADA 1% PERU 1%
AFRICA 1% COSTA RICA 1%
AUSTRALIA 1% URUGUAY 1%
* Sum of percentages is greater than 100% given that most startups in * Startups headquartered in the USA or outside Latin America were
the 2020 Startup Directory have more than two markets of operation. included if they were founded by a Latin American, have significant
** ”South America Other” includes Ecuador and Paraguay. operations in the region, and serve a Latin American market.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 3
COVID-19 STARTUP INSIGHTS
With over US$4b VC dollars deployed to Latin American startups in 2019, those that cashed up pre-C19
have an advantage approaching the crisis and the uncertainty of 2020. LAVCA spoke directly with the CEOs
of 74 of these startups to understand how they’re navigating 2020 year-to-date.
WHAT HAS BEEN THE IMPACT OF WHAT HAS BEEN THE IMPACT OF
THE CRISIS ON EXISITING BUSINESS? THE CRISIS ON NEW BUSINESS?
69 respondents out of 127 startups surveyed 65 respondents out of 127 startups surveyed
VE GOOD
RY VER
GO 26% YG
VERY B
OD
7%
VERY B
OO
D
8% GOOD
AD 6% AD 5%
49%
NEUTRAL
25% BAD
BAD 22%
36% NEUTRAL
17%
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 4
RELATED RESOURCES
Startups That Have Been Listed, Inaugural Survey of Latin
Acquired, or Merged American Startups
View a list of highlighted companies Using LAVCA’s Latin American
that have raised US$1m+ and have been Startup Directory as the basis for a
listed, acquired or merged, including survey, LAVCA asked 220+ startup
Stone Pagamentos, Despegar, Globant, Founders and CEOs directly about
99, Linio, and others. their business, funding, growth, and
challenges. View results of LAVCA’s
Latin American Unicorn Leaderboard Inaugural Survey of Latin American
Startups.
View LAVCA’s Unicorn Leaderboard of
VC-backed Latin American tech startups
valued over US$1b.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 5
TABLE OF CONTENTS
LAVCA has identified over 125 Latin American startups that received US$1m+ in verified VC funding in
2019. Profiles are in alphabetical order and include: Sector, Stage, Known Publicly Disclosed Investors,
CEO(s), Headquarter Location, Markets of Operations, Year Founded.
Privately held, venture-backed tech companies with post-money valuations of US$1b+ based on their last disclosed valuation event, as of June 2020.
Women-led startups have a known woman CEO, founder, or co-founder.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 7
#
A ALQUILANDO ARVORE
Alquilando is an online long-term rental marketplace that Arvore is a Brazilian immersive storytelling studio and lab
B
helps minimize risk and guarantees on-time payments. that develops interactive experiences and games through
C the use of AR/VR.
SECTOR Proptech
D SECTOR Digital Media & Entertainment
STAGE Seed/Incubator
E STAGE Early Stage
F INVESTOR(S) NXTP, Troopa, Rosental
Inversiones, ArFintech, Bunge Ventures, Syngenta INVESTOR(S) Indicator Capital, Eclipseon
G Ventures, Mel Development
Ventures, Cresud, Brasil Agro, Lartirigoyen, Fall
H Line Capital, ACRE Capital CEO(S) Ricardo Justus
I CEO(S) Mauro Ayala HQ Brazil
J
HQ Argentina MARKET(S) OF OPERATION Brazil, USA
K
MARKET(S) OF OPERATION Argentina, YEAR FOUNDED 2017
L Brazil, Bolivia, Colombia, Paraguay, Uruguay
M
YEAR FOUNDED 2017
N
O
P AYENDA HOTELS BUSER
Q Ayenda Hotels is a Colombian low-cost hotel chain Buser is a Brazilian rideshare platform for private charter
R providing a standardized customer experience. buses.
S SECTOR Hospitality/Travel/Tourism SECTOR Transportation
T STAGE Seed/Incubator STAGE Early Stage
U INVESTOR(S) Canary, Global Founders Capital, INVESTOR(S) SoftBank, Grupo Globo
V KaszeK Ventures CEO(S) Marcelo Abritta
W CEO(S) Andrés Sarrazola HQ Brazil
X HQ Colombia MARKET(S) OF OPERATION Brazil
Y MARKET(S) OF OPERATION Colombia, Peru YEAR FOUNDED 2016
Z
YEAR FOUNDED 2015
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 8
#
A CLIP COBLI
Clip is a Mexican fintech that enables anyone to accept card Cobli is a Brazilian commercial fleet management platform.
B
payments by turning their smartphone or tablet into a terminal.
C SECTOR Logistics & Distribution
SECTOR Fintech
D STAGE Early Stage
STAGE Expansion Stage
E INVESTOR(S) Fifth Wall Ventures, Valos Capital
F INVESTOR(S) Alta Ventures, American Express Group, NXTP, 10X Capital Management
Ventures, Fondo de Fondos, Sierra Ventures, Angel
G CEO(S) Parker Treacy
Ventures, Endeavor Catalyst, V LATAM Fund, General
H Atlantic, MissionOG, SoftBank, 500 Startups HQ Brazil
I CEO(S) Adolfo Babatz MARKET(S) OF OPERATION Brazil
J YEAR FOUNDED 2015
HQ Mexico
K
MARKET(S) OF OPERATION Mexico, Salt Lake
L City, Silicon Valley
M
YEAR FOUNDED 2012
N
O
P COMPASS 3D COMUNIDAD 4UNO
Q Compass 3D is a Brazilian manufacturer and marketer of Comunidad 4Uno is a Mexican fintech that provides
R 3D-enabled solutions for dentists. cutomized health insurance plans to domestic workers.
S SECTOR Healthcare/Life Sciences SECTOR Fintech
T STAGE Early Stage STAGE Seed/Incubator
U INVESTOR(S) Confrapar INVESTOR(S) Dux Capital, Fiinlab de Gentera,
V CEO(S) Bruno Gribel Soldiers Fields Angels, Tadium
W
HQ Brazil CEO(S) Miguel Duhalt
X HQ Mexico
MARKET(S) OF OPERATION Brazil
Y MARKET(S) OF OPERATION Mexico
YEAR FOUNDED 2007
Z
YEAR FOUNDED 2016
CONEKTA CORA
Conekta is a Mexican cash and card payment service Cora is a Brazilian fintech focused on providing credit
provider for businesses. products to small businesses and the self-employed.
SECTOR Fintech SECTOR Fintech
STAGE Early Stage STAGE Early Stage
INVESTOR(S) Jaguar Ventures, VARIV Capital, INVESTOR(S) KaszeK Ventures, Ribbit Capital
FEMSA Comercio, Conconi Growth Partners, CEO(S) Igor Senra, Leonardo Mendes
Propel Venture Partners, Escala.vc, 500 Startups,
Google Launchpad Accelerator HQ Brazil
CEO(S) Hector Cardenas MARKET(S) OF OPERATION Brazil
HQ Mexico YEAR FOUNDED 2019
MARKET(S) OF OPERATION Mexico, Brazil
YEAR FOUNDED 2011
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 9
#
A CRABI CREDIJUSTO
Crabi is a Mexican fintech providing auto insurance. Credijusto is a Mexican lending platform for small
B
businesses.
C SECTOR Fintech
SECTOR Fintech
D STAGE Seed/Incubator
STAGE Early Stage
E INVESTOR(S) Redwood Ventures, Family Office,
F Angel Investors, 500 Startups INVESTOR(S) Point72 Ventures, Goldman
Sachs, Thomvest Ventures, Wolfson Group, Third
G CEO(S) Javier Orozco
Lake Capital, Argo Ventures, KaszeK Ventures,
H HQ Mexico QED Investors, Broadhaven Capital Partners,
I MARKET(S) OF OPERATION Mexico Supernode Ventures, IGNIA, Elevar Equity
J YEAR FOUNDED 2016 CEO(S) David Poritz
K HQ Mexico
L MARKET(S) OF OPERATION Mexico
M
YEAR FOUNDED 2015
N
O
P CREDITAS CREHANA
Q Creditas is a digital lending platform focused on secured lending. Crehana is an on-demand learning platform for creative
R and digital professionals.
SECTOR Fintech
S SECTOR Edtech
STAGE Expansion Stage
T STAGE Early Stage
INVESTOR(S) KaszeK Ventures, Quona Capital,
U INVESTOR(S) Mountain Nazca, Acumen LATAM
Redpoint eventures, Accion, QED Investors, Vostok
V Emerging Finance, Naspers, International Finance Partners, Dila Capital
W Corporation , Endeavor Catalyst, Santander CEO(S) Diego Olcese
X InnoVentures, Amadeus Capital Partners,
HQ Peru
SoftBank LatAm Fund, SoftBank Vision Fund
Y MARKET(S) OF OPERATION Peru, Mexico
Z CEO(S) Sergio Furio
YEAR FOUNDED 2015
HQ Brazil
MARKET(S) OF OPERATION Brazil, Mexico, Spain
YEAR FOUNDED 2012
DENDA DESTACAME
Denda is a Chilean certified B corp e-commerce platform Destacame is a Chilean fintech focused on personal finance
focused on health and wellness products, and sustainable management and credit improvement, offered directly
sourcing. to consumers and through partnerships with financial
institutions.
SECTOR E-commerce
SECTOR Fintech
STAGE Seed/Incubator
STAGE Early Stage
INVESTOR(S) SUDAMERIK, Dadneo, Engie
Factory INVESTOR(S) Fen Ventures, Mountain Nazca
Chile, Accion Venture Lab
CEO(S) Felipe Parragué
CEO(S) Antonio Ruiz-Tagle
HQ Chile
HQ Chile
MARKET(S) OF OPERATION Chile, Mexico
MARKET(S) OF OPERATION Chile, Mexico
YEAR FOUNDED 2016
YEAR FOUNDED 2014
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 10
#
A DOGHERO DOM ROCK
DogHero is a Brazilian petcare marketplace focused on Dom Rock is an operational intelligence platform for
B
boarding and walking services for domestic animals. Brazilian businesses.
C
SECTOR Marketplace SECTOR Data Management
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) monashees, KaszeK Ventures, INVESTOR(S) EDP Ventures, Inseed
Rover, Global Founders Capital, IGNIA, Google Investimentos
G
Launchpad Accelerator, Rover.com CEO(S) Andre Almeida
H
CEO(S) Eduardo Baer HQ Brazil
I
HQ Brazil MARKET(S) OF OPERATION Brazil
J
K
MARKET(S) OF OPERATION Argentina, Brazil, YEAR FOUNDED 2013
Mexico
L
YEAR FOUNDED 2014
M
N
O
P EMI LABS ESCALE
Q Emi Labs is an Argentine HRtech recruitment platform for Escale is a customer acquisition company that uses data
R operational roles in logistics and distribution. and technology to build optimized buying experiences for
brands.
S SECTOR HRtech
SECTOR Adtech & Marketing
T STAGE Seed/Incubator
U STAGE Expansion Stage
INVESTOR(S) Khosla Ventures
V INVESTOR(S) Redpoint eventures, Global
CEO(S) Mateo Cavasotto
W
Founders Capital, KaszeK Ventures, QED
HQ Argentina Investors, Invus
X
MARKET(S) OF OPERATION Argentina CEO(S) Matthew Kligerman, Ken Diamond
Y
YEAR FOUNDED 2017 HQ Brazil
Z
MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2012
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 11
#
A FIELO FINANZERO
Fielo is a Brazilian Salesforce-native CRM platform for FinanZero is an online marketplace simplyfing the credit
B
incentive and loyalty programs. application process in Brazil.
C
SECTOR CRM SECTOR Fintech
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) Confrapar, Lorinvest INVESTOR(S) Vostok Emerging Finance, Webrock
CEO(S) Sanjay Agarwal Ventures, Zentro Founders, Atlant Fonder,
G
Dunross & Co., Pareto Securities
H HQ Brazil
CEO(S) Olle Widen
I MARKET(S) OF OPERATION Brazil
HQ Brazil
J YEAR FOUNDED 2010
K
MARKET(S) OF OPERATION Brazil
L YEAR FOUNDED 2015
M
N
O
P FLAT FONDEADORA
Q Flat is a Mexican proptech focused on the purchase, Fondeadora is a Mexican fintech focused on providing
R renovation, and resale of residential real estate. mobile banking services and free international debit cards
through a partnership with MasterCard.
S SECTOR Proptech
SECTOR Fintech
T STAGE Seed/Incubator
U STAGE Seed/Incubator
INVESTOR(S) ALLVP, Next Billion Ventures,
V Picus Capital, DST, 500 Startups INVESTOR(S) IGNIA, Y Combinator, BizRupt, LW
Partners
W CEO(S) Victor Noguera, Bernardo Cordero
X CEO(S) Normal Müller, René Serrano
HQ Mexico
Y HQ Mexico
MARKET(S) OF OPERATION Mexico
Z MARKET(S) OF OPERATION Mexico
YEAR FOUNDED 2019
YEAR FOUNDED 2018
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 12
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A GORILA GOTRENDIER
Gorila is a Brazilian fintech providing personal investment GoTrendier is a Mexican clothing resale marketplace.
B
management services.
C SECTOR Marketplace
SECTOR Fintech
D STAGE Early Stage
STAGE Early Stage
E INVESTOR(S) IGNIA, Pedralbes Ventures, Bonsai
F INVESTOR(S) Ribbit Capital, monashees, Canary, Venture Capital, Antai Venture Builder, Banco
Iporanga Investimentos Sabadell, Pedralbes Partners, Ataria
G
CEO(S) Guilherme Assis CEO(S) Belen Cabido
H
I HQ Brazil HQ Mexico
J MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Mexico, Colombia
K YEAR FOUNDED 2016 YEAR FOUNDED 2016
L
M
N
O
P
GYMPASS HABI
Q Gympass is a platform that empowers companies to engage Habi is a Colombian proptech focused on simplifying the
R their workforce in physical activity by providing access to homeownership lifecycle throughout Latin America.
the largest global network of workout facilities.
S SECTOR Proptech
T SECTOR Marketplace STAGE Seed/Incubator
U STAGE Expansion Stage INVESTOR(S) Tiger Global Management, Zigg
V INVESTOR(S) Redpoint eventures, Valor Capital, Capital, Homebrew, HOF Capital, FJ Labs,
W Atomico, KaszeK Ventures, General Atlantic, SoftBank Supernode Ventures
X CEO(S) Cesar Carvalho CEO(S) Brynne McNulty Rojas
Y HQ USA HQ Colombia
Z MARKET(S) OF OPERATION Brazil, Chile, MARKET(S) OF OPERATION Colombia
Germany, France, Ireland, Italy, Mexico, Netherlands,
YEAR FOUNDED 2019
Portugal, San Marino, Spain, UK, Uruguay, USA
YEAR FOUNDED 2012
HOUSI HULI
Housi is a Brazilian proptech focused on rental property Huli is a Brazilian healthtech that develops SaaS products
management. for healthcare professionals, hospital networks, and
insurance companies.
SECTOR Proptech
SECTOR Biotech/Healthtech
STAGE Early Stage
STAGE Seed/Incubator
INVESTOR(S) Redpoint eventures
INVESTOR(S) Carao Ventures
CEO(S) Alexandre Frankel
CEO(S) Alejandro Vega
HQ Brazil
HQ Costa Rica
MARKET(S) OF OPERATION Brazil
MARKET(S) OF OPERATION Costa Rica, Mexico
YEAR FOUNDED 2019
YEAR FOUNDED 2012
JÜSTO KAVAK
Jüsto is a Mexican eco-conscious grocery delivery startup. Kavak is a Mexican online marketplace for used cars.
SECTOR E-commerce SECTOR Marketplace
STAGE Seed/Incubator STAGE Expansion Stage
INVESTOR(S) Foundation Capital, Mountain INVESTOR(S) Mountain Nazca, KaszeK Ventures,
Nazca, FEMSA Ventures, Quiet Capital, Green Tresalia Capital, J.D. Power and Associates,
Oaks General Atlantic, SoftBank
CEO(S) Ricardo Weder CEO(S) Carlos García
HQ Mexico HQ Mexico
MARKET(S) OF OPERATION Mexico MARKET(S) OF OPERATION Mexico, Venezuela
YEAR FOUNDED 2019 YEAR FOUNDED 2016
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 14
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A KLAR KONFIO
Klar is a Mexican fintech focused on personal finance Konfio is a Mexican online lending platform for small
B
management and short-term lending. businesses that uses data for rapid credit assessment.
C
SECTOR Fintech SECTOR Fintech
D
STAGE Early Stage STAGE Expansion Stage
E
F INVESTOR(S) Quona Capital, Santander INVESTOR(S) Quona Capital, QED Investors,
Innoventures, aCrew Capital KaszeK Ventures, Jaguar Ventures, International
G
CEO(S) Stefan Moller Finance Corporation, Vostok Emerging Finance,
H Victory Park Capital, Goldman Sachs, SoftBank
I HQ Mexico
CEO(S) David Arana
J MARKET(S) OF OPERATION Mexico
HQ Mexico
K YEAR FOUNDED 2019
MARKET(S) OF OPERATION Mexico
L
YEAR FOUNDED 2013
M
N
O
P KOVI KUESKI
Q Kovi is a Brazilian provider of rental cars for on-demand Kueski is an online micro-lender for the middle class of
R drivers in Latin America. Mexico.
S SECTOR Transportation SECTOR Fintech
T STAGE Seed/Incubator STAGE Early Stage
U INVESTOR(S) monashees, Global Founders INVESTOR(S) Variv Capital, Tuesday Capital,
V Capital, Y Combinator, MAYA Capital, Quona, Core Ventures Group, Angel Ventures, Richmond
W ONEVC Global Ventures, Rise Capital, Auria Capital,
X CEO(S) Adhemar Milani Neto Sobrato Family Foundation, Endeavor Catalyst
Y HQ Brazil CEO(S) Adalberto Flores
Z MARKET(S) OF OPERATION Brazil, Mexico HQ Mexico
YEAR FOUNDED 2017 MARKET(S) OF OPERATION Mexico
YEAR FOUNDED 2012
KZAS LA HAUS
Kzas is a Brazilian proptech focused on matching La Haus is a Colombian proptech for purchasing residential
residential sellers, buyers, and credit providers. real estate.
SECTOR Proptech SECTOR Proptech
STAGE Early Stage STAGE Early Stage
INVESTOR(S) Redpoint eVentures INVESTOR(S) KaszeK Ventures, NFX Capital
CEO(S) Roberto Nascimento CEO(S) Jeronimo Uribe
HQ Brazil HQ Colombia
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Colombia, Mexico
YEAR FOUNDED 2019 YEAR FOUNDED 2017
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 15
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A LEVITA MAGNETICS LIV UP
Levita Magnetics develops magnetic surgical platforms for LIV Up is a Brazilian foodtech that produces and delivers
B
less invasive surgery. natural flash frozen food.
C
SECTOR Healthcare/Life Sciences SECTOR Foodtech
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) Aurus, Ataria, Invermaster INVESTOR(S) KaszeK Ventures, Thorntree
Ventures Capital, Endeavor Catalyst, Spectra Investments
G
CEO(S) Alberto Rodriguez-Navarro CEO(S) Victor Santos
H
I HQ USA HQ Brazil
J MARKET(S) OF OPERATION USA, Chile, Brazil MARKET(S) OF OPERATION Brazil
K YEAR FOUNDED 2011 YEAR FOUNDED 2015
L
M
N
O
P
LOFT LOGGI
Q Loft is a Brazilian proptech that is reinventing the buy/sell Loggi is a Brazilian shipping logistics platform.
R real estate process by leveraging technology and data.
SECTOR Logistics & Distribution
S SECTOR Proptech
STAGE Expansion Stage
T STAGE Early Stage
INVESTOR(S) monashees, Qualcomm Ventures,
U INVESTOR(S) monashees, Andreessen Horowitz, Dragoneer Investment Group, Velt Partners, GGV
V Thrive Capital, FJ Labs, Fifth Wall Ventures, QED Investors, Capital, Microsoft, SoftBank, KaszeK Ventures,
Canary, Valor Capital Group, Vulcan Capital, Caffeinated
W
Capital, Endeavor Global, Greyhound Capital, Jaguar Google, IFC Venture Capital Group, Fifth Wall
X Ventures Ventures, Iporanga Ventures
Y CEO(S) Florian Hagenbuch CEO(S) Fabien Mendez
Z HQ Brazil HQ Brazil
MARKET(S) OF OPERATION Brazil, Mexico MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2018 YEAR FOUNDED 2013
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 16
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A MEITRE MELHORTAXA
Meitre is an Uruguayan SaaS platform focused on high-end Melhortaxa is a Brazilian real estate credit marketplace.
B
restaurant management.
C SECTOR Proptech
SECTOR SaaS
D STAGE Early Stage
STAGE Seed/Incubator
E INVESTOR(S) Goldman Sachs
F INVESTOR(S) Andreesen Horowitz
CEO(S) Julien Desvergnes
G CEO(S) Luis Caviglia, Juan Ignacio Caviglia
HQ Brazil
H HQ Uruguay
MARKET(S) OF OPERATION Brazil
I MARKET(S) OF OPERATION Uruguay, USA
YEAR FOUNDED 2014
J YEAR FOUNDED 2016
K
L
M
N
O
P MERQUEO MIMIC
Q Merqueo is a Colombian grocery delivery startup. Mimic is a Brazilian startup enabling restaurants to open
R delivery-only locations through a Kitchen as a Service
SECTOR E-commerce model.
S
STAGE Early Stage SECTOR Proptech
T
INVESTOR(S) Portland Private Equity, Endeavor STAGE Early Stage
U
Catalyst
V INVESTOR(S) monashees, Canary, Valor Capital
CEO(S) Miguel McAllister Group
W
HQ Colombia CEO(S) Andrés Andrade
X
MARKET(S) OF OPERATION Colombia, Mexico HQ Brazil
Y
Z YEAR FOUNDED 2015 MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2019
MINU MLABS
minu is a Mexican fintech providing employees with access mLabs is a Brazilian socia media management platform for
to their earned wages without having to wait for payroll. small businesses.
SECTOR Fintech SECTOR SaaS
STAGE Seed/Incubator STAGE Seed/Incubator
INVESTOR(S) QED Investors, Village Global, Next INVESTOR(S) DOMO Invest
Billion Ventures, Mountain Nazca Mexico CEO(S) Caio Rigoldi
CEO(S) Nima Pourshasb HQ Brazil
HQ Mexico MARKET(S) OF OPERATION Brazil
MARKET(S) OF OPERATION Mexico YEAR FOUNDED 2015
YEAR FOUNDED 2019
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 17
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A MOSYLE MOVIDESK
Mosyle is a mobile device management company focused Movidesk is a Brazilian multi-channel helpdesk platform
B
on children’s devices. focused on B2B companies.
C
SECTOR Edtech SECTOR CRM
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) DGF Investimentos, Album INVESTOR(S) Redpoint eventures, abSeed, WOW
Ventures, Elephant Ventures Startup Accelerator
G
CEO(S) Alcyr Araujo CEO(S) Donisete Gomes
H
I HQ USA HQ Brazil
J MARKET(S) OF OPERATION USA, UK, Spain, MARKET(S) OF OPERATION Brazil
K
Australia, Argentina, Brazil YEAR FOUNDED 2014
L YEAR FOUNDED 2013
M
N
O
P MUY TECH NEON PAGAMENTOS
Q MUY Tech is a tech-enabled Colombian restaurant chain Neon Pagamentos is a Brazilian digital bank.
R focused on homemade food.
SECTOR Fintech
S SECTOR Foodtech
STAGE Early Stage
T STAGE Early Stage
INVESTOR(S) monashees, Quona Capital, Propel
U INVESTOR(S) Seaya Ventures Venture Partners, Flourish Ventures, Tera, Yellow
V CEO(S) José Calderón Ventures, General Atlantic, Banco Votorantim,
W Omidyar Network
HQ Colombia
X CEO(S) Pedro Conrade
MARKET(S) OF OPERATION Colombia, USA,
Y Mexico HQ Brazil
Z MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2018
YEAR FOUNDED 2016
NOTCO NOWPORTS
NotCo is a Chilean foodtech using artificial intelligence to Nowports is a Mexican automated freight forwarding
create sustainable and accessible plant-based food. platform focused on international trade.
SECTOR Foodtech SECTOR Logistics & Distribution
STAGE Early Stage STAGE Seed/Incubator
INVESTOR(S) KaszeK Ventures, SOS Ventures, INVESTOR(S) Base10, monashees, Broadhaven,
The Craftory, Bezos Expeditions, MAYA Capital Tekton, Partech
CEO(S) Matias Muchnick CEO(S) Alfonso de los Ríos
HQ Chile HQ Mexico
MARKET(S) OF OPERATION Chile, Brazil, MARKET(S) OF OPERATION Mexico, Chile,
Argentina Colombia, Uruguay
YEAR FOUNDED 2015 YEAR FOUNDED 2019
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A NUBANK NUCONT
Nubank is a Brazilian fintech that issues, administrates, Nucont is a Brazilian enterprise platform focused on
B
processes, and transfers payments related to post-paid accounting financials.
C credit cards and equity investments in other entities.
SECTOR Business Services
D SECTOR Fintech STAGE Early Stage
E
STAGE Expansion Stage INVESTOR(S) Cedro Capital, FC Partners
F
INVESTOR(S) Founders Fund, Sequoia Capital, KaszeK CEO(S) Luis Filipe Winther, Fernanda Rocha
G Ventures, Tiger Global Management, QED Investors, Ribbit Capital,
H DST Global, Thrive Capital, Tencent Holdings, Goldman Sachs, HQ Brazil
Fortress Investment Group, Dragoneer Investment Group, TCV
I Capital, GIC, Jaguar Ventures, Redpoint Ventures MARKET(S) OF OPERATION Brazil
J CEO(S) David Velez YEAR FOUNDED 2017
K HQ Brazil
L
MARKET(S) OF OP Brazil, Mexico, Argentina
M
YEAR FOUNDED 2013
N
O
P OFI OLIST
Q OFI is a Colombian e-commerce platform that provides Olist operates an online e-commerce site for sellers,
R digital workplace solutions, app development services, and that connects merchants and their products to the main
supply outsourcing for businesses. marketplaces of Brazil.
S
T
SECTOR E-commerce SECTOR E-commerce
U STAGE Early Stage STAGE Expansion Stage
V INVESTOR(S) Velum Ventures, South Ventures, INVESTOR(S) Valor Capital Group, Endeavor
W
Rise Capital, Endeavor Catalyst, Alpha4 Ventures, Catalyst, FJ Labs, 500 Startups, SoftBank,
INVX, Oikocredit, IDB Lab, XPT1 Fund, Impulsum Redpoint eventures
X
Ventures, IGNIA, Angel Ventures CEO(S) Tiago Dalvi
Y
CEO(S) Peter Ostroske HQ Brazil
Z
HQ Colombia MARKET(S) OF OPERATION Brazil
MARKET(S) OF OPERATION Colombia, Mexico, USA YEAR FOUNDED 2015
YEAR FOUNDED 2014
OMIE ORIBA
Omie is a Brazilian software development company focused Oriba is a Brazilian direct-to-consumer menswear brand.
on Cloud ERP and CRM services for small businesses.
SECTOR Consumer/Retail
SECTOR SaaS
STAGE Seed/Incubator
STAGE Early Stage
INVESTOR(S) Global Founders Capital
INVESTOR(S) Astella Investimentos, Riverwood
CEO(S) Rodrigo Ootani
Capital
HQ Brazil
CEO(S) Marcelo Lombardo
MARKET(S) OF OPERATION Brazil
HQ Brazil
MARKET(S) OF OPERATION Brazil YEAR FOUNDED 2015
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 19
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A PIPEFY PITZI
Pipefy provides software for workflow management and Pitzi is a Brazilian fintech that provides insurance for
B
process improvement. mobile devices.
C
SECTOR SaaS SECTOR Fintech
D
STAGE Early Stage STAGE Expansion Stage
E
F INVESTOR(S) Redpoint eventures, Valor Capital INVESTOR(S) Valiant Capital Partners, KaszeK
Group, Trinity Ventures, FundersClub, ONEVC, Ventures, Thrive Capital, Flybridge Capital
G
Openview Venture Partners, 500 Startups, Insight Partners, QED Investors, WTI, initial.vc
H Partners CEO(S) Daniel Hatkoff
I CEO(S) Alessio Alionco HQ Brazil
J
HQ USA MARKET(S) OF OPERATION Brazil
K
MARKET(S) OF OPERATION Brazil, USA YEAR FOUNDED 2012
L
YEAR FOUNDED 2014
M
N
O
P PLATAFORMAVERDE PLATZI
Q PlataformaVerde is a Brazilian blockchain-powered SaaS Platzi is a Colombian online education platform offering
R platform for industrial and solid waste management. marketing, computer science, business, and design courses.
S SECTOR SaaS SECTOR Edtech
T STAGE Seed/Incubator STAGE Early Stage
U INVESTOR(S) DGF Investimentos INVESTOR(S) Omidyar Network, 500 Startups,
V CEO(S) Chicko Souza FundersClub, Mountain Nazca, Amasia Ventures,
W Foundation Capital, Y Combinator, Google
HQ Brazil Launchpad Accelerator, TA Ventures
X
MARKET(S) OF OPERATION Brazil CEO(S) John Freddy Vega
Y
YEAR FOUNDED 2016 HQ Colombia
Z
MARKET(S) OF OPERATION Colombia, USA,
Mexico
YEAR FOUNDED 2012
PLAYVOX PROVI
PlayVox is a Colombian omnichannel performance Provi is a Brazilian education financing platform.
management software for customer service agents.
SECTOR Fintech
SECTOR SaaS
STAGE Seed/Incubator
STAGE Early Stage
INVESTOR(S) Global Founders Capital, Fundação
INVESTOR(S) Five Elms Capital Estudar Alumni Partners
CEO(S) Oscar Giraldo CEO(S) Fernando Franco
HQ Colombia HQ Brazil
MARKET(S) OF OPERATION Colombia, USA MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2012 YEAR FOUNDED 2019
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 20
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A QUINTOANDAR RANKMI
QuintoAndar is a Brazilian proptech focused on the rental of Ranmki is a Chilean HRtech focused on talent management
B
residential real estate. and improvement.
C
SECTOR Proptech SECTOR HRtech
D
STAGE Expansion Stage STAGE Seed/Incubator
E
F INVESTOR(S) KaszeK Ventures, Ruane, Cunnif INVESTOR(S) Beagle Ventures
G
and Goldfarb, Qualcomm Ventures, General CEO(S) Enrique Besa
Atlantic, Ruane, Cunniff & Goldfarb, QED
H HQ Chile
Investors, Google Launchpad Accelerator,
I Dragoneer Investment Group, SoftBank MARKET(S) OF OPERATION Chile
J CEO(S) Gabriel Braga YEAR FOUNDED 2013
K HQ Brazil
L
MARKET(S) OF OPERATION Brazil
M
YEAR FOUNDED 2012
N
O
P
RAPPI REBEL
Q Rappi is a Colombian logistics company focused on REBEL is a Brazilian personal lending platform and a
R providing last-mile delivery services. banking correspondent of Lecca Credit, Financing, and
Investments S.A.
S SECTOR Logistics & Distribution
T
SECTOR Fintech
STAGE Expansion Stage
U STAGE Early Stage
INVESTOR(S) Redpoint eventures, Andreessen
V Horowitz, monashees, Foundation Capital, Y INVESTOR(S) monashees, XP Investimentos,
W Combinator, FundersClub, Sequoia Capital, Endeavor Franklin Templeton Investments, Point Break
Catalyst, Delivery Hero, FJ Labs, SoftBank, DST Global Capital, JMalucelli, Al Goldstein, Fintech
X
Collective
Y CEO(S) Simon Borrero
CEO(S) Rafael Pereira
Z HQ Colombia
HQ Brazil
MARKET(S) OF OPERATION Argentina, Brazil,
Chile, Colombia, Mexico, Peru, Uruguay MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2015 YEAR FOUNDED 2017
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 21
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A REVELO SATELLOGIC
Revelo is a Brazilian job matching platform. Satellogic is an Argentine spacetech company focused on
B
developing infrastructure to improve geospatial analytics.
C SECTOR HRtech
SECTOR Spacetech
D STAGE Early Stage
STAGE Early Stage
E INVESTOR(S) Valor Capital Group, SEEK, Google
F Launchpad Accelerator, GE32 Capital, Graph INVESTOR(S) NXTP, monashees, Valor Capital
Ventures, International Finance Corporation, Group LLC, Tencent, Cygnus Capital, Fundo
G
Dalus Capital, FJ Labs Pitanga, CrunchFund, Starlight Ventures, IDB
H Lab, Tuesday Capital, Endeavor Catalyst
CEO(S) Lachlan de Crespigny, Lucas Mendes
I CEO(S) Emiliano Kargieman
J HQ Brazil
HQ Argentina
K MARKET(S) OF OPERATION Brazil
MARKET(S) OF OPERATION Argentina, Uruguay,
L YEAR FOUNDED 2014 USA, Spain, Israel, China
M
YEAR FOUNDED 2010
N
O
P SCARAB CHILE SEMPLI
Q Scarab Chile is a Chilean company focused on providing Sempli is an online lending platform for small and medium
R technology-enabled solutions for waste management in the enterprises in Colombia.
mining industry.
S SECTOR Fintech
SECTOR Cleantech
T STAGE Early Stage
U STAGE Early Stage
INVESTOR(S) Oikocredit International, Incofin,
V INVESTOR(S) Aurus Ventures IDB Lab
W CEO(S) Jaime Briceño CEO(S) Esteban Velaso
X HQ Chile HQ Colombia
Y MARKET(S) OF OPERATION Chile MARKET(S) OF OPERATION Colombia
Z YEAR FOUNDED 2018 YEAR FOUNDED 2016
SHOPPER SIMETRIK
Shopper is a Brazilian subscription delivery platform Simetrik is a Colombian SaaS platform for automatic
focused on consumer staples. financial transaction reconciliation.
SECTOR E-commerce SECTOR Fintech
STAGE Seed/Incubator STAGE Seed/Incubator
INVESTOR(S) Canary INVESTOR(S) monashees, Mercado Libre, Y
CEO(S) Fábio Rodas Blanco Combinator, Global Founders Capital, Alpha4,
Liquid 2, Investo
HQ Brazil
CEO(S) Alejandro Casas Caro
MARKET(S) OF OPERATION Brazil
HQ Colombia
YEAR FOUNDED 2015
MARKET(S) OF OPERATION Colombia,
Argentina, Mexico, Brazil
YEAR FOUNDED 2018
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A SIMPLYPAG SISTEMA.BIO
Simplypag is a Brazilian fintech providing income-based Sistema.bio is a Mexican biodigester manufacturer and
B
credit and tax preparation for domestic workers. distributor for smallholder farmers.
C
SECTOR Fintech SECTOR Cleantech
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) Iporanga Ventures INVESTOR(S) Rassembleurs D’Energies, Dila
CEO(S) Leo Cherman CAPITAL, EcoEnterprises Partners, ElectriFI,
G
CoCapital, Endeavor, Satila Biogas Investment,
H HQ Brazil Factor[e] Ventures
I MARKET(S) OF OPERATION Brazil CEO(S) Alexandre Eaton
J YEAR FOUNDED 2019 HQ Mexico
K
MARKET(S) OF OPERATION Mexico, Kenya, India,
L Colombia
M
YEAR FOUNDED 2010
N
O
P SLANG SOLIDES
Q Slang is a SaaS career development platform focused on Solides is a Brazilian HRtech focused on talent
R providing professional English courses for employees. management and employee productivity.
S SECTOR Edtech SECTOR HRtech
T STAGE Seed/Incubator STAGE Early Stage
U INVESTOR(S) ALLVP, Social Capital, InQlab INVESTOR(S) DGF Investimentos
V CEO(S) Diego Villegas CEO(S) Mônica Hauck
W
HQ USA HQ Brazil
X
MARKET(S) OF OPERATION USA, Brazil, Mexico, MARKET(S) OF OPERATION Brazil
Y Colombia YEAR FOUNDED 2015
Z
YEAR FOUNDED 2013
SOUSMILE STILINGUE
SouSmile is a Brazilian cosmetic dentistry startup. Stilingue is a Brazilian adtech platform focused on applying
consumer insights to real-time branding.
SECTOR Healthcare/Life Sciences
SECTOR Adtech & Marketing
STAGE Seed/Incubator
STAGE Early Stage
INVESTOR(S) Canary, Global Founders Capital,
Kaszek Ventures INVESTOR(S) DGF Investimentos
CEO(S) Michael Ruah CEO(S) Rodrigo Helcer
HQ Brazil HQ Brazil
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2018 YEAR FOUNDED 2014
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 23
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A TECHNISYS TEVEC
Technisys offers digital banking technologies for the TEVEC is a Brazilian supply chain and inventory
B
financial services industry. management platform.
C
SECTOR Fintech SECTOR Logistics & Distribution
D
STAGE Expansion Stage STAGE Early Stage
E
F INVESTOR(S) Alta Ventures, Endeavor Catalyst, INVESTOR(S) Indicator Capital, Gávea Angels
KaszeK Ventures, Oria Capital, Riverwood Capital CEO(S) Bento Ribeiro
G
CEO(S) Miguel Santos HQ Brazil
H
I HQ USA MARKET(S) OF OPERATION Brazil
J MARKET(S) OF OPERATION USA, Canada, Brazil, YEAR FOUNDED 2013
K
Brazil, Mexico, Colombia, Chile, Peru, Ecuador,
Costa Rica, Panama, Argentina, Uruguay
L
YEAR FOUNDED 1995
M
N
O
P THEIA TNH HEALTH
Q Theia is a Brazilian corporate benefit platform providing TNH Health is a Brazilian developer of chatbots for patient
R family care professional services for employees. monitoring and healthcare education.
S SECTOR Biotech/Healthtech SECTOR Biotech/Healthtech
T STAGE Seed/Incubator STAGE Early Stage
U INVESTOR(S) KaszeK Ventures, MAYA Capital INVESTOR(S) Valor Capital Group
V CEO(S) Flavia Deutsch CEO(S) Michael Kapps
W
HQ Brazil HQ Brazil
X
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil, USA
Y
YEAR FOUNDED 2019 YEAR FOUNDED 2013
Z
UALÁ UBOOK
Ualá is a personal financial management mobile app Ubook is a Brazilian information and entertainment
developed in Argentina that allows users to conduct streaming subscription service.
financial transactions.
SECTOR E-commerce
SECTOR Fintech
STAGE Early Stage
STAGE Expansion Stage
INVESTOR(S) Confrapar, Trivella M3
INVESTOR(S) Goldman Sachs, monashees, Ribbit Investimentos
Capital, Jefferies Group, Cohen’s Point72 Ventures,
CEO(S) Flavio Osso
Soros Fund Management, SoftBank, Tencent,
Bessemer Venture Partners, Endeavor Catalyst HQ Brazil
CEO(S) Pierpaolo Barbieri MARKET(S) OF OPERATION Brazil
HQ Argentina YEAR FOUNDED 2014
MARKET(S) OF OPERATION Argentina
YEAR FOUNDED 2016
Women-led startups have a known woman CEO, founder, or co-founder.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 24
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A UNIVERSIDAD KUEPA URBVAN
Universidad Kuepa is a Mexican online-first university Urbvan is a Mexican app-based mass transit mobility
B
offering bachelors and masters degrees. network that connects inner-city commuting.
C
SECTOR Educational Services SECTOR Transportation
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) Adobe Capital INVESTOR(S) Mountain Partners,
CEO(S) Jorge García MassChallenge, Dila Capital, Mountain Nazca,
G
KaszeK Ventures, Angel Ventures, Liil Ventures,
H HQ Mexico Anteris Capital
I MARKET(S) OF OPERATION Mexico, Colombia CEO(S) Joao Matos Albino, Renato Picard
J YEAR FOUNDED 2011 HQ Mexico
K
MARKET(S) OF OPERATION Mexico
L
YEAR FOUNDED 2016
M
N
O
P VINDI VIRTUSPAY
Q Vindi is a Brazilian online payment platform focused on VirtusPay is a Brazilian lending platform enabling
R subscription and recurring billing. Vindi and Smartbill consumers to make e-commerce purchases with
merged in 2017. installment payments.
S
T
SECTOR Fintech SECTOR Fintech
U STAGE Early Stage STAGE Seed/Incubator
V INVESTOR(S) Crescera Investimentos, Confrapar INVESTOR(S) Vox Capital, Kviv Ventures
W CEO(S) Rodrigo Dantas Santos CEO(S) Gustavo Câmara de Oliveira
X HQ Brazil HQ Brazil
Y MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil
Z YEAR FOUNDED 2013 YEAR FOUNDED 2017
VITTUDE VOLANTY
Vittude is a Brazilian marketplace that matches Volanty is an online marketplace for pre-owned cars in
psychologists with patients for online therapy. Brazil.
SECTOR Biotech/Healthtech SECTOR Marketplace
STAGE Seed/Incubator STAGE Early Stage
INVESTOR(S) Superjobs Ventures, Redpoint INVESTOR(S) monashees, Canary, Kaszek
eventures Ventures, SoftBank
CEO(S) Tatiana Pimenta CEO(S) Mauricio Feldman
HQ Brazil HQ Brazil
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil
YEAR FOUNDED 2016 YEAR FOUNDED 2017
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 25
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A WARREN WEEL
Warren is a Brazilian digital brokerage and education WEEL is a Brazilian fintech offering cash flow management
B
platform for personal investments. solutions for businesses.
C
SECTOR Financial Services SECTOR Fintech
D
STAGE Early Stage STAGE Early Stage
E
F INVESTOR(S) Ribbit Capital, KaszeK Ventures, INVESTOR(S) monashees, FJ Labs, Mindset
Chromo Invest Ventures, Franklin Templeton Investments, Banco
G
CEO(S) Tito Gusmão Votorantim
H
HQ Brazil CEO(S) Simcha Neumark
I
MARKET(S) OF OPERATION Brazil HQ Brazil
J
K YEAR FOUNDED 2016 MARKET(S) OF OPERATION Brazil, Israel
L YEAR FOUNDED 2014
M
N
O
P WEVO WILDLIFE STUDIOS
Q Wevo is a Brazilian SaaS integration platform for small Wildlife Studios is a Brazilian mobile gaming developer.
R businesses and enterprises.
SECTOR Games
S SECTOR SaaS
STAGE Expansion Stage
T STAGE Early Stage
INVESTOR(S) Benchmark Capital, Bessemer
U INVESTOR(S) CRP, C-ventures Venture Partners, Angels
V CEO(S) Diogo Lupinari CEO(S) Victor Lazarte
W
HQ Brazil HQ Brazil
X
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil, Argentina
Y
YEAR FOUNDED 2012 YEAR FOUNDED 2011
Z
WORCKET XERPA
Worcket is an Argentine HRtech platform optimizing Xerpa is a Brazilian HRtech providing employees advanced
candidate screening for small businesses and enterprises. access to their salaries.
SECTOR HRtech SECTOR HRtech
STAGE Seed/Incubator STAGE Early Stage
INVESTOR(S) NXTP INVESTOR(S) KaszeK Ventures, QED Investors
CEO(S) Gonzalo Aguero CEO(S) Nicholas Reise
HQ Mexico HQ Brazil
MARKET(S) OF OPERATION Mexico, Argentina, MARKET(S) OF OPERATION Brazil
Chile, Ecuador, Colombia, Peru YEAR FOUNDED 2015
YEAR FOUNDED 2017
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 26
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A YALOCHAT YOUPER
Yalochat is a Mexican omnichannel sales management Youper is a Brazilian emotional and mental health
B
platform. monitoring platform.
C
SECTOR CRM SECTOR Biotech/Healthtech
D
STAGE Early Stage STAGE Seed/Incubator
E
F INVESTOR(S) Sierra Ventures INVESTOR(S) Goodwater Capital
G CEO(S) Javier Mata CEO(S) Jose Hamilton
H HQ Mexico HQ Brazil
I MARKET(S) OF OPERATION Mexico, Guatemala, MARKET(S) OF OPERATION Brazil, USA
J India YEAR FOUNDED 2016
K YEAR FOUNDED 2015
L
M
N
O
P YUCA ZEN FINANCE
Q Yuca is a Brazilian co-living rental apartment developer. Zen Finance is a Brazilian fintech providing credit for high
R growth businesses.
SECTOR Real Estate
S SECTOR Fintech
STAGE Seed/Incubator
T STAGE Seed/Incubator
INVESTOR(S) monashees, JAWS Ventures,
U INVESTOR(S) Global Founders Capital
Montage Ventures, ONEVC
V CEO(S) Jorge Vargas Neto
CEO(S) Eduardo Campos
W
HQ Brazil HQ Brazil
X
MARKET(S) OF OPERATION Brazil MARKET(S) OF OPERATION Brazil
Y
YEAR FOUNDED 2019 YEAR FOUNDED 2018
Z
ZINOBE ZUBALE
Zinobe is a credit-focused fintech that leverages technology Zubale is a Mexican crowdsourcing platform for performing
and data analysis to provide fast, flexible solutions for its retail inventory management for brands.
clients.
SECTOR Sales Management
SECTOR Fintech
STAGE Early Stage
STAGE Early Stage
INVESTOR(S) NFX, Industry Ventures, Liquid 2
INVESTOR(S) QED Investors, Ataria Ventures, Ventures, XFactor fund
Humboldt Family Office
CEO(S) Allison Campbell, Sebastian Monroy
CEO(S) Tarek el Sherif
HQ Mexico
HQ Colombia
MARKET(S) OF OPERATION Mexico
MARKET(S) OF OPERATION Colombia, Mexico
YEAR FOUNDED 2018
YEAR FOUNDED 2011
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 27
LATIN AMERICAN STARTUPS THAT HAVE BEEN
ACQUIRED/LISTED (2014-1H2020)
Across sectors and geographies, venture-backed Latin American startups have been targets of notable
IPOs and increasing M&A activity since 2014. Below are highlighted transactions from this period*.
Included companies may have historically been a part of the Latin American Startup Directory, but
because of a specific event (including an IPO or significant acquisition) have graduated to this list.
For a list of Latin American startups valued over US$1b (based on publicly disclosed valuations), access
the Latin America Unicorn Leaderboard on lavca.org/vc.
*This list is not comprehensive and represents highlighted examples across the major markets and sectors, 2014-1H2020.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 28
(CONT.)
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 29
ABOUT LAVCA VC/TECH
The Association for Private Capital Investment in Latin America (LAVCA) is a not-for-profit membership
organization dedicated to supporting the growth of private capital in Latin America and the Caribbean.
Members include over 190 firms, from leading global investment firms active in the region and local fund
managers to family offices, global sovereign wealth funds, corporate investors, and international pension
plans. Member firms control assets in excess of US$65b, directed at capitalizing and growing Latin
American businesses. LAVCA’s mission – to spur regional economic growth by advancing private capital
investment – is accomplished through programs of research, networking forums, education and advocacy
of sound public policy. Visit www.lavca.org for more information.
LAVCA Industry Data & Analysis LAVCA Fund Manager Directory &
Represents the most comprehensive and Annual VC Members Update
accurate source of regional industry data Directory of fund managers active in
on PE/VC investments available to date. Latin America.
>> TABLE OF CONTENTS LAVCA Startup Directory 2020 // Updated as of Jan. 1, 2020 30