LatAm List – 2018 was a banner year for startups and VC in Latin America. As usual, Latin America’s largest economy led the majority of deals and capital, especially in fintech and delivery. Here were the biggest deals in Brazil from 2018, ordered by value.
The Chinese rideshare startup acquired Brazil’s 99 – an Uber clone – for a rumored US$1B in January 2018.
Backed by Brazil’s mobile giant, Movile, Latin America’s largest delivery platform, iFood, raised what may have been the region’s largest venture round ever in November 2018.
Brazil’s largest neobank raised US$180M from China’s mobile giant, Tencent, in October 2018 to help China get a foot into Brazilian fintech.
E-scooters took over Latin America in 2018. Brazil’s electric scooter startup, Yellow, raised the region’s largest Series A round in September 2018.
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