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  "documentTitle": "Mergers and Acquisitions in LatAm: Evolution and prospects",
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      "text": "Other relevant deals include: Nexus US$ 20M Series C round led by Valor Capital Group; and Yalo Series C US$ 20M extension led by Glisco Partners",
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      "text": "Kapital, a banking and tech platform that offers SMEs enterprise technology, closed a US$ 40M Series B round led by Tribe Capital. Company use of proceeds is to invest in the platform to expand reach in LatAm and broaden product offerings.",
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      "text": "Clara, a Mexican fintech that offers expense management and corporate cards in Mexico, Brazil, and Colombia, raised a US$ 60M Series C round led by GGV Capital. The use of proceeds include hiring of engineers and development of new products.",
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      "text": "The e-commerce startup Zubale secured a Series A extension of US$ 25M led by QED Investors after a US$ 40 Series A in 2022. It offers a marketplace to connect gig workers with retailers and warehouses, as well as logistics and a software to companies and expect to use the raised capital to grow in Brazil and Mexico.",
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      "text": "Mexican digital bank Albo secured a US$ 40M Series C funding round led by Morpheus Ventures. Albo expects to achieve the break-even by 2024, through the expansion of its product portfolio, that includes a mobile banking app, a banking account and a Mastercard debit card.",
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      "text": "Note: Does not include non-leader investors of the round. Source: Capital IQ, EMIS, Valor Econômico, L.E.K. research and analysis",
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      "text": "Largest venture capital rounds in Mexico in 2023 predominantly targeted fintechs and companies with operations across Latin America",
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