Mayer Brown advises Pelion Ventures on investment in Kapital, the newest “unicorn” in Latin America

Mayer Brown represented Pelion Ventures VIII, L.P. (Pelion Ventures) as co-lead investor in Kapital’s Series C financing of up to $100 million. Kapital is a global technology-first bank focused on small and medium-sized businesses (SMBs). The round doubles Kapital’s valuation to $1.3 billion, making it Latin America’s first fintech unicorn and underscoring Mexico’s growing prominence as the region’s innovation hub.

Co-led by Tribe Capital and Pelion Ventures, with additional participation from Y Combinator, Marbruck Ventures, and True Arrow, the financing will support Kapital’s expansion of its AI-powered financial ecosystem built to back SMBs across the Latin America region.

The Salt Lake City-based Mayer Brown team was led by Corporate & Securities partner Matt Wells and associate Neela Pack.

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