1.
TRACXN MONTHLY REPORT
JANUARY 2021
LATAM TECH

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Latam Tech - January 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 8
New Analyst Picks 9
IPOs 11
Acquisitions 12
Recent News 13

3.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Latam Tech Snapshot – January 2021
Latam Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$907M
9 1
Overall Geo Stats
8
4
36
14
13
Funding Rounds $ Invested Analyst Picks
Creditas Upgraded
to UNICORN
New Investors
Invesco
Dynamo
Series A+ rounds Active Investors IPOs
Pontem Corporation
Acquisitions
BitcoinTrade#@
B3 Cargo#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(4 Rounds, $700M)
Curitiba
(2 Rounds, $190M)
Brasilia
(1 Rounds, $7.0M)
Belo Horizonte
(1 Rounds, $7.0M)
$400M - Series G
Nubank (2013, Sao Paulo, $1.5B)
$255M - Series E
Creditas (2012, Sao Paulo, $567M)
$190M - Series E
MadeiraMadeira (2009, Curitiba, $300M)
$37.6M - Series C
Mercado Bitcoin (2013, Sao Paulo,
$37.6M)
Kaszek Ventures
(2 Investments)
Sequoia Capital
(1 Investments)
International Finance
Corporation
(1 Investments)
SoftBank Corp
(1 Investments)
Banking Tech
Nubank
Alternative Lending
Creditas
Home Improvements
MadeiraMadeira
Cryptocurrencies
Mercado Bitcoin
Market Size
Companies Covered 15,661
Funded Companies 3,481
Total Funding $18.9B
Funding in last 12 months $4.6B
Top Exits
IPOs 45
Acquisitions 349
Company Stage
Unicorns 11
Soonicorns 41
Minicorns 160
Editor Picks 1,082
Series A+ 540
Series C+ 130
Acqui-Hires 6
Deadpooled 1,948
Top Cities
Sao Paulo (556 Rounds, $8.4B)
Buenos Aires (277 Rounds, $1.5B)
Top Investors
Start-Up Chile (198 Investments)
Wayra (163 Investments)

4.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Latam Tech as of January 2021
Latam Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
Nubank
(2013, Sao Paulo, $1.5B)
$400M - Series G GIC
Creditas
(2012, Sao Paulo, $568M)
$255M - Series E LGT Lightstone
MadeiraMadeira
(2009, Curitiba, $300M)
$190M - Series E SoftBank Group
Mercado Bitcoin
(2013, Sao Paulo, $37.6M)
$37.6M - Series C GP Investments
Liv Up
(2015, Sao Paulo, $37.3M)
$7.8M - Series B
bxblue
(2017, Brasilia, $7.1M)
$7.0M - Series A
Burn to Give
(2017, Santiago, $13.5M)
$5.0M - Series A
Cargamos.com
(2018, Mexico City, $4.0M)
$4.0M - Series A FEMSA
Ecotrace Solutions
(2016, Monteiro, $962K)
$577K - Seed KPTL
*Shows only the lead Investors

5.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Latam Tech in January 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
$37.6M - Series C
Mercado Bitcoin (2013, Sao Paulo, $37.6M)
Exchange platform for Bitcoins
GP Investments,
LATE STAGE
$190.0M - Series E
MadeiraMadeira (2009, Curitiba, $300.0M)
Online retailer offering multi-category home
improvement products
SoftBank Group, Velt, Brasil Capital, Monashees,
Dynamo, and 1 more
LATE STAGE
$255.0M - Series E
Creditas (2012, Sao Paulo, $567.5M)
Online platform for asset-backed loans
LGT Lightstone, Tarsadia Capital, Wellington
Management, Advent International, Kaszek Ventures,
and 2 more
LATE STAGE
$400.0M - Series G
Nubank (2013, Sao Paulo, $1.5B)
Digital bank for consumers
GIC, Invesco, Whale Rock Capital Management,
Sequoia Capital, Dragoneer Investment Group, and 2
more
LATE STAGE
Series C
Contabilizei (2013, Curitiba, $31.6M)
Online accounting services for SMBs
SoftBank Corp, Point72 Ventures, Kaszek Ventures,
International Finance Corporation, Quona Capital
EARLY STAGE
$4.0M - Series A
Cargamos.com (2018, Mexico City, $4.0M)
Provider of online delivery services
FEMSA, Mountain Nazca
EARLY STAGE
$5.0M - Series A
Burn to Give (2017, Santiago, $13.5M)
Provider of mobile app for fitness tracking for charity
EARLY STAGE
$7.0M - Series A
bxblue (2017, Brasilia, $7.1M)
Online marketplace and comparison platform for
payroll deductible loans
, FJ Labs, , FundersClub
EARLY STAGE
$7.8M - Series B
Liv Up (2015, Sao Paulo, $37.3M)
Online platform to order meal kit
SEED STAGE
$577.0K - Seed
Ecotrace Solutions (2016, Monteiro, $962.0K)
Blockchain-based commodities tracking solutions for
agribusiness
KPTL

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Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Latam Tech in January 2021
Latam Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
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SEED STAGE
Seed
Nilus (2017, Buenos Aires)
Provider of food waste management solution
Angel Ventures
SEED STAGE
Seed
Creditar.io (2019, Colima)
Core banking platform for businesses & financial
institutions
Mind hub
SEED STAGE
Seed
Sigga (2001, Belo Horizonte)
Multi-Industry mobile operation management
solutions
Gemspring

7.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Latam Tech in January 2021
Latam Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Invesco
81 portfolio companies | Investment management firm
Nubank
Digital bank for consumers
$400M Series G
Dynamo
1 portfolio companies | Dynamo - Administração de Recursos
MadeiraMadeira
Online retailer offering multi-category home improvement products
$190M Series E
Gemspring
3 portfolio companies | PE firm invests in the US & Canada
Sigga
Multi-Industry mobile operation management solutions
Undisclosed Seed
parallaxventures.com
1 portfolio companies |
Mercado Bitcoin
Exchange platform for Bitcoins
$37.60M Series C
igahventures.com
1 portfolio companies |
bxblue
Online marketplace and comparison platform for payroll deductible
loans
$7.01M Series A
Brasil Capital
1 portfolio companies | Long/short equity hedge fund
MadeiraMadeira
Online retailer offering multi-category home improvement products
$190M Series E
ipo-ventures.com
1 portfolio companies |
bxblue
Online marketplace and comparison platform for payroll deductible
loans
$7.01M Series A
Whale Rock Capital Management
5 portfolio companies | Investment management firm
Nubank
Digital bank for consumers
$400M Series G

8.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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.
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Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Digital Native Retail Banks $700M 2 Nubank | $400M | Series G
2 ▲5 Internet First Retail Bank with Partner Bank's License $374M 5 Neon | $300M | Series C
3 ▲2
Alternative Lending > Online Lenders > Diversified >
Direct Lender
$255M 1 Creditas | $255M | Series E
4 <> 0
Alternative Lending > Online Lenders > Consumer Loans >
Asset Backed Loans > Diversified > Marketplace
$255M 1 Creditas | $255M | Series E
5 -- Online Second Hand Car Dealers $225M 2 Kavak | $225M | Series C
6 ▲2 Online Home Improvements Marketplace $190M 1 MadeiraMadeira | $190M | Series E
7 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D
8 ▲24 Enterprise Collaboration > Whiteboarding Platform $124M 1 MURAL | $124M | Series B
9 <> 0 Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F
10 <> 0 PaaS > BaaS > Identity & Access $121M 1 Auth0 | $121M | Series F

9.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Latam Tech in January 2021
Latam Tech: Analyst Picks
9
Upgraded to UNICORN
Creditas (2012, Sao Paulo, $255M, Series E)
Online platform for asset-backed loans
SoftBank Vision Fund, Tarsadia Capital, Quona Capital
and 18 other Investors
Upgraded to UNICORN
MadeiraMadeira (2009, Curitiba, $190M, Series E)
Online retailer offering multi-category home
improvement products
Christian Friedland, SoftBank Group, Monashees and 8
other Investors
Upgraded to MINICORN
bxblue (2017, Brasilia, $7.0M, Series A)
Online marketplace and comparison platform for
payroll deductible loans
Zillionize, FJ Labs, FundersClub and 11 other Investors
Added to Editor's Pick
Yotepresto (2014, Zapopan, $1.8M, Seed)
Online P2P lending platform for personal loans
Village Capital, Conny Boersch, Investo and 4 other
Investors
Added to Editor's Pick
Debmedia (2010, Caballito, $40.0K, Grant (prize
money))
Cloud-based business management software provider
Parallel18,Start-Up Chileand
Added to Editor's Pick
Mibo (2017, Mexico City, Unfunded)
Digital bank for individuals
ALLVPand
Added to Editor's Pick
Orchata (2020, , $150K, Seed)
Provider of suite solution for online grocery
Y Combinator,Xylo Capitaland

10.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Latam Tech in January 2021
Latam Tech: Analyst Picks
10
Added to Editor's Pick
Wibo (2018, Lima, Unfunded)
Mobile-first order and pays app along with loyalty
Start-Up Chileand
Added to Editor's Pick
Nilus (2017, Buenos Aires, Undisclosed, Seed)
Provider of food waste management solution
Angel Ventures,Globivestand
Added to Editor's Pick
Loopa (2019, Sao Paulo, $1.3M, Seed)
Accounts reconciliation software for businesses
Added to Editor's Pick
QSP Brasil (2016, Fortaleza, Unfunded)
Mobile-based application for public service delivery
Added to Editor's Pick
Involves (2009, Florianopolis, Unfunded)
Cloud-based marketing solutions provider for retail
businesses
Liga Venturesand
Added to Editor's Pick
Niduu (2017, Sao Luis, Unfunded)
Online learning platform for enterprises
Liga Venturesand
Added to Editor's Pick
SYOS (2001, Rio De Janeiro, Unfunded)
Provider of IoT-based smart cooler management
solution
KPTLand

11.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
13 Jan 2021
Pontem Corporation (2019, Guatemala City, )
Cloud-based marketing intelligence solutions provider
$750M NYSE:PNTMU
IPOs
List of IPOs in Latam Tech in January 2021
Latam Tech: IPOs
11

12.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Latam Tech in January 2021
Latam Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
05 Jan 2021
BitcoinTrade(2017, Rio De Janeiro)
Cryptocurrency trading platform
Ripio
06 Jan 2021
B3 Cargo(2017, Joinville)
Solutions for loading and unloading management.
Trizy
12 Jan 2021
Blaze Information Security(2016, Recife)
Vulnerability assessment and incident response services
Accenture
28 Jan 2021
Bind(2013, Monterrey)
Cloud-based ERP software for SMBs
SUMA

13.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Latam Tech in January 2021
Latam Tech:News
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Exit News
.
● Neogrid’s R$423 Million Initial Public Offering Global Legal Chronicle
.
● Bind ERP Acquired by SUMA Mailchi.mp
.
● Arezzo&Co acquires the online thrift store TROC and debuts in the billion-
dollar second-hand clothes market labsnews.com
.
People News
.
● Precision ag leader Taranis hires Bar Veinstein as new CEO to lead next stage
of company growth agropages.com
.
Company News
.
● Sidetrade, the AI Order-To-Cash solution company, extends its UK footprint
with Alvarez & Marsal deal GlobeNewswire
.
● Sidetrade strengthens its presence in the UK market by signing an agreement
with Alvarez & Marsal GlobeNewswire

14.
Latam Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Latam Tech on Tracxn Platform
Latam Tech: Explore more on Tracxn Platform
14
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 Creditas
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

15.
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