Participated · Series A · Feb 2026

Cicada operates the first fully all-to-all electronic trading venue for emerging-market local-currency bonds, starting with Mexico’s $500 billion fixed-income market where roughly 98% of the daily $5–7 billion volume is still voice-traded. The platform offers a modern execution stack featuring a central limit order book, RFQ workflows, and proprietary protocols such as Spread Trading and Double Downs, enabling sophisticated, transparent execution for global buy-side and sell-side institutions. Registered with the SEC as an alternative trading system and a FINRA member broker-dealer, Cicada seeks to level the playing field and strengthen North-South capital flows. A dedicated strategic equity program brings leading Wall Street market makers onto the cap table to anchor early liquidity. Proceeds from its newest round will expand commercial efforts, boost liquidity, broaden product coverage, and deepen integrations with third-party platforms. The company also plans to launch an electronic interest-rate swap execution venue focused on Mexican TIIE, a market averaging $24 billion in daily trading. Continued investment in regulatory, compliance, and risk infrastructure is a priority as the firm scales across additional Latin American markets. The article does not disclose current revenue or user figures.

Participated · Series A · Dec 2025

Founded in 2020, Klubi is the only fintech authorized by the Banco Central do Brasil to operate as an administradora de consórcios, offering a fully digital platform that streamlines the purchase of high-ticket items through group credit plans. The company combines automation, proprietary AI (its virtual assistant Kris handles about 200,000 monthly interactions with a 90% first-contact resolution rate) and user-centric product design to modernize an industry that moves more than R$370 billion annually. Over the past year Klubi’s portfolio surpassed R$2 billion and its annualized revenue reached R$180 million—triple the figure recorded in 2024—while maintaining positive unit economics. Management plans to direct fresh capital toward technology, product expansion and marketing, with the goal of growing its portfolio above R$5 billion and more than doubling revenue by 2026. The company positions itself as the leading digital consórcio platform in Brazil, leveraging AI to scale customer service and operational efficiency. Investors view its rapid traction and robust financial metrics as proof of its ability to transform the traditional consórcio market.

Participated · Series C · Oct 2024

Agrolend operates a lending platform that provides credit at the point of sale for agricultural inputs (seeds, crop protection, crop nutrition) using CPR-F contracts signed via farmers’ WhatsApp. The company leverages a distribution network of more than 150 partners—retailers, industries, and cooperatives—and operates in over 15 Brazilian states across crops including soybeans, corn, coffee, sugarcane, fruits, vegetables and livestock. Agrolend finances loans through issuance of time deposits targeted to agribusiness (LCAs) distributed on major investment platforms. The company has nearly $100M in total funding and reports a capital base of approximately $100M following the latest round. Management says the capital increase will let Agrolend expand credit offerings to industries, retailers and cooperatives without raising its leverage ratio, continuing a history of low‑risk growth. Its stated goal is to grow the credit portfolio to $600M and serve about 10,000 small and medium‑sized farmers. Agrolend is a São Paulo-based financial institution that provides credit to small and medium-sized farmers in Brazil through a digital platform. Led by CEO Andre Glezer, the company originates and formalizes loans in a digital environment via smartphone, partnering with input and equipment distributors, industries and agtechs to finance technology. It operates in more than ten Brazilian states across crops and sectors including soybeans, corn, coffee, sugar cane, fruits, livestock and dairy cattle. Agrolend is targeting expansion to serve up to 10,000 small-to-medium sized farmers and increase its loan book to R$2 billion for the 2023/24 crop season. The company expected its loan book to reach R$250 million by the end of 2022 and will increase equity to R$220 million after the Series B. The business combines digital origination with partnerships and capital markets solutions to scale agricultural credit across Brazil. Agrolend offers a 100% digital credit product for small and medium agricultural producers, with a fast, low-friction underwriting process that completes in under five days and typically does not require physical collateral. The company uses advanced technology to enable an innovative credit model focused on financing diverse agricultural productions and investments in equipment and new technologies. Agrolend emphasizes ESG and social impact by targeting underserved producers across more than 10 Brazilian states and roughly 100 municipalities. Founded in December 2020, the startup says it is currently doubling in size every month. The recent capital will support growth of the credit portfolio, expansion of the team, and improvements to the platform and credit model. Management aims to scale the loan book to R$1 billion and reach 5,000 customers within two years. Agrolend offers an online loan origination platform for small and medium-scale farmers, using advanced technology and innovative credit analysis to underwrite loans without physical collateral. The company partners with traditional agricultural inputs players and supply-chain participants to originate loans and reach growers. Loans range from 50,000 to 300,000 Brazilian reals, run for up to one year, and are repaid after harvest; some loans can be issued as soon as 24 hours after request. Agrolend says it offers lower interest rates than traditional banks and operates the entire process digitally. Founded in December 2020 and based in São Paulo, the startup raised seed capital to scale lending and build its team. It plans to structure a fund that will receive and hold originated loans, with Agrolend selling loans to that debt investment vehicle to enable much larger lending capacity.

Participated · Series A · Aug 2024

Parfin is a crypto-infrastructure provider that equips banks and other financial institutions with tools for secure digital asset custody, on-chain settlement, and tokenization. Its platform supports use cases such as trade finance, credit markets, and institutional payments, enabling clients to move traditional operations onto blockchain rails. The company’s offerings are designed to make stablecoin settlement, particularly with USDT, more practical and accessible in regions where traditional financial infrastructure is limited. Through its partnership with Tether, Parfin plans to scale these tools to deepen institutional adoption of stablecoins across Latin America. The collaboration positions Parfin to become a key conduit for cross-border payments and asset tokenization in emerging markets. No revenue, user, or other operating metrics were disclosed in the article, but Parfin’s strategic focus indicates growth through expanded institutional relationships and product integration with Tether’s ecosystem.

Led · Series B · Jul 2024

Monkey Exchange is a Brazil-based online marketplace that operates a platform to make the receivables discount market more efficient. Its platform functions like a real-time auction, creating a competitive process among buyers. The company announced a R$67 million Series B financing led by L4, B3’s corporate venture capital fund. The new capital will be used to expand its presence into new markets, including Mexico and the US, and to invest in technology development. Gunderson Dettmer represented Monkey Exchange in the transaction. The funding is intended to grow the company’s market footprint and enhance its platform capabilities.