Topic: Start-up companies

Brazil’s VTEX hits above target in IPO

Brazilian software company VTEX has enlisted Simpson Thacher & Bartlett LLP in New York and São Paulo and Lefosse Advogados in São Paulo to raise US$361 million in an initial public offering on the New York stock exchange.

27 July 2021

Uber acquires remaining stake in Cornershop

Three Gunderson Dettmer offices in the US and DLA Piper (Chile) have helped grocery delivery start-up Cornershop sell the remaining stake in the company to Uber for US$1.4 billion.

26 July 2021

Brazilian car services merger calls on two firms

Brazil’s WebMotors, an e-commerce site to trade used vehicles, has enlisted LGT Advocacia to acquire a majority stake in Car10 Tecnologia e Informação, a platform that brings together thousands of local workshops and automotive services.

26 July 2021

Magazine Luiza splurges on super app shopping spree

Brazilian retailer Magazine Luiza has hired Machado Meyer Advogados and TozziniFreire Advogados for several acquisitions to add four start-up and e-commerce companies to its digital app, on one occasion shelling out 3.5 billion reais (US$674 million) in what is understood to be the retailer’s largest acquisition to date.

23 July 2021

Bruchou steers digital learning acquisition

Argentine edtech company Digital House has enlisted Bruchou, Fernández Madero & Lombardi to acquire Acámica, a local online education company.

21 July 2021

Brazilian finance start-up Will Bank gets capital increase

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian investors XP and Atmos Capital lead a 250 million reais (US$50 million) funding round in local finance start-up Will Bank.

19 July 2021

Brazilian real estate platform Loft acquires fintech start-up

Brazilian real estate platform Loft has relied on local law firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to acquire a 40% stake in fintech company CredPago, making it the sole owner of the business.

14 July 2021

Bus travel start-up lands investment in Brazil

Global private equity platform Lightrock has hired Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo to lead a 700 million reais (US$138 million) investment in Brazilian travel app Buser.

02 July 2021

Insurtech start-up Betterfly gets new funding in Chile

US firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP has helped Chilean purpose-driven benefit platform Betterfly raise US$60 million in a funding round.

30 June 2021

Chilean biotech company lands equity investment

Chilean biotechnology company Phage Technologies has relied on Carey in Santiago to raise US$30 million in an equity financing round.

30 June 2021

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