M&A activity
In April, there were 20 M&A deals across Latin America, up 17% compared to March, according to TTR Data.

In terms of capital deployed, April reached US$1.06bn. Brazil registered the most transactions (10), followed by Mexico (4), Argentina (3), Colombia (2), and Chile (1).

Year-to-date, there have been 228 M&A transactions in Latin America. Of these, 28 involved private equity or venture capital funds.

In Mexico, TTR Data estimates 57 transactions so far this year, totaling over US$600mn.

Financing and funding rounds
In Chile, Chekto, a KYC startup, closed a bridge round led by Genesis Ventures. Other investors include Startup Chile and New Ventures.

Also in Chile, accelerator Imagine launched a new corporate innovation program with retail giant Cencosud, focusing on logistics, applied AI and energy efficiency.

In Colombia, digital health firm 1DOC3 closed a seed round led by a US-based family office. Other investors included Rockstart, Impacta VC, Polymath Ventures, EWA Capital, and Tech4Impact.

In Argentina, fintech Pomelo raised banking capital through a partnership with Banco Industrial to expand its regional infrastructure.

In Brazil, agtech startup Agroven will implement AI-powered climate prediction technology backed by The Yield Lab.

New funds and initiatives
IDB Invest announced the closing of a new regional vehicle for climate-resilient infrastructure. The fund will have an initial US$300mn, expandable to US$600mn in a second phase.

In Mexico, Redwood Ventures launched a new VC fund focused on digital health, clean technologies, and logistics, with a total target of US$40mn.

In Brazil, Pismo received authorization from local regulators to operate as a fully licensed digital bank.

More deals: Mexico, Peru and Argentina
In Mexico, Creditea acquired online lending platform Yavu to expand its reach among underserved young consumers.

In Peru, Canadian fund Brookfield completed the purchase of a strategic stake in hydroelectric company Orazul for over US$300mn.

In Argentina, Vista Energy sold upstream assets to China’s Citadel Energy for US$1.2bn, in one of the largest energy deals of the year.

Source: BNamericas