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.
1. 99 acquired for US$1B by Didi Chuxing
The Chinese rideshare startup acquired Brazil’s 99 – an Uber clone – for a rumored US$1B in January 2018.
2. iFood raises US$500M from Naspers and Innova Capital
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.
3. Nubank receives US$180M from Tencent
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.
4. Brex raises US$125M Series C
The corporate credit card for entrepreneurs, founded by two 22-year-old Brazilians in Silicon Valley, raised their Series C with Greenoaks Capital, DST Global and IVP.
5. Yellow raises US$63M Series A
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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