Latin America’s startup ecosystem recorded ten identified mergers in 2026 across telecommunications, merchandising technology, pet healthcare, marketing, fintech, insurance technology, agricultural technology, B2B commerce, enterprise software, artificial intelligence, and travel and government technology. The transactions ranged from combinations that created entirely new businesses to integrations in which an existing company remained the principal operating identity or multiple businesses continued within a broader group.
Brazil accounted for six of the ten identified transactions. Four mergers were cross-border: Branddu and Reno connected the startup ecosystems of Colombia and Mexico, Double V Partners and NYX combined Colombian and Mexican technology businesses, Argentina-based Plataforma PUMA merged with U.S.-based Regrow Ag, and iVisa, associated with Peru’s startup ecosystem, merged with U.S.-based HelloGov AI.
Methodology
This analysis includes mergers first publicly announced by the transaction parties or first reported by credible media between January 1 and September 8, 2026. Earlier negotiations, regulatory filings, or approvals do not determine the inclusion date when the merger itself was first publicly disclosed during the covered period.
To qualify, a transaction must involve at least one startup or scaleup whose primary entrepreneurial ecosystem is in Latin America. Primary ecosystem is assessed using where the company was built, the ecosystem through which its founders and business developed, the concentration of its early or core operations, its market presence, and how credible startup and business sources consistently associate the company.
For mergers between two startups or scaleups, only one party needs to have Latin America as its primary ecosystem. For combinations involving a startup or scaleup and an established company, the qualifying startup or scaleup must be the party associated primarily with the Latin American ecosystem.
A qualifying startup or scaleup is an independently founded, privately held, innovation-driven company built around a scalable product, technology, platform, or business model. Traditional agencies, consultancies, professional-services firms, and established businesses are excluded unless credible startup or scaleup sources consistently classify them within that ecosystem.
Acquisitions, joint ventures, partnerships, asset purchases, stake purchases, and internal reorganizations are excluded. When the transaction parties themselves explicitly characterize a combination as a merger, that public characterization is used even when legal or regulatory documentation describes the underlying transaction mechanics differently.
Transaction values are included only when credible public sources explicitly attribute a monetary value to the merger itself. Revenue projections, post-merger valuations, fundraising amounts, transaction volumes, and other operating metrics are not treated as merger values.
The 10 Mergers Identified Across Latin America’s Startup Ecosystem
Venko Networks and Agromobility Merge
On February 9, 2026, Brazilian companies Venko Networks and Agromobility announced their merger during Show Rural Coopavel.
Both businesses operate in telecommunications and connectivity, with Agromobility focused particularly on connectivity infrastructure for agricultural and rural environments. Venko Networks continued as the principal operating identity, while Agromobility’s offering became Agromobility by Venko, integrating its capabilities into Venko’s broader connectivity portfolio.
Branddu and Reno Merge
Colombian startup Branddu and Mexican startup Reno disclosed their merger on February 10, 2026, combining businesses focused on technology-enabled corporate merchandising and related services.
The combined business was subsequently launched as Branddu AI, bringing Branddu and Reno’s merchandising technology capabilities under a single cross-border operation.
Clubbi and Yandeh Merge
Brazilian startups Clubbi and Yandeh publicly announced their merger on March 23, 2026, combining businesses focused on digital commerce and distribution infrastructure for independent food retailers.
The transaction had previously passed a regulatory step in Brazil. On December 15, 2025, CADE approved without restrictions a concentration involving Yandeh S.A., Clubbi Plataforma Digital Ltda., and Clubbi Serviços Digitais Ltda., several months before the companies publicly announced the merger.
Following the transaction, Clubbi continued operating within the broader Yandeh group, with its logistics and commercial capabilities complementing Yandeh’s technology and retail platform. Clubbi became the group’s logistics and commercial execution arm in Rio de Janeiro while incorporating Yandeh’s technology into its offering.
Plataforma PUMA and Regrow Ag Merge
Argentina-based Plataforma PUMA and U.S.-based agricultural technology company Regrow Ag announced the completion of their merger on March 31, 2026.
PUMA developed agricultural data and measurement technology primarily for the Latin American market, while Regrow provides software supporting agricultural resilience, sourcing, and sustainability programs. Regrow remained the principal company after the combination, while the PUMA operation continued as PUMA by Regrow, expanding Regrow’s presence in Latin America.
+Pet and VFP Hospital Veterinário Merge
Brazilian pet healthcare company +Pet and VFP Hospital Veterinário announced their merger on April 23, 2026. The transaction was reported at approximately BRL 150 million.
+Pet operates pet health plans and related healthcare services, while VFP runs veterinary hospitals and provides medical care for animals. Following the combination, +Pet remained the principal operating identity, while VFP’s hospital operations continued within the +Pet ecosystem under the VFP by +PET positioning.
ads2in and She Ads Merge
On May 4, 2026, Brazilian marketing startup ads2in disclosed a merger with the operation led by Sheila Coque, founder of She Ads, bringing together capabilities in digital marketing, LinkedIn advertising, demand generation, and business-to-business customer acquisition.
Following the integration, Sheila Coque joined ads2in and the company said it would operate as a group serving Brazilian and international markets. Public disclosures did not clearly establish whether She Ads ceased operating as a separate entity, continued independently, or became a formal sub-brand within the group.
CorpX Bank and MT Pagamentos Merge
Brazilian fintech companies CorpX Bank and MT Pagamentos announced their merger on May 15, 2026.
The transaction combined payment infrastructure, Pix services, digital accounts, and financial technology capabilities. The resulting operation retained the CorpX identity, making CorpX the principal brand of the combined fintech business.
Double V Partners and NYX Merge
On May 22, 2026, Colombian technology startup Double V Partners and Mexican technology company NYX announced their merger and the creation of NYXN.
The combination brought together Double V Partners’ capabilities in software development, digital transformation, and artificial intelligence with NYX’s technology and systems expertise. Rather than retaining either company’s previous identity as the principal brand, the businesses introduced NYXN as their unified company, focused on enterprise technology, cloud modernization, data, and agentic artificial intelligence across Latin America.
Pitzi and Renov Merge
On July 23, 2026, Brazilian companies Pitzi and Renov announced the completion of a merger combining their capabilities across smartphone protection, trade-ins, resale, and related device services.
Pitzi specializes in insurance and protection products for consumer electronics, while Renov operates technology and marketplace services supporting smartphone trade-ins and device commerce. Following the merger, both Pitzi and Renov continued operating within Grupo Pitzi, preserving their respective roles within the broader smartphone-services platform.
HelloGov AI and iVisa Merge
On August 17, 2026, the merger between U.S.-based HelloGov AI and iVisa was first publicly reported. The transaction had officially closed on July 1, 2026, and its value was not disclosed.
The combined company operates under the HelloGov brand, with HelloGov AI serving as the parent company and iVisa continuing as its subsidiary. The merger brought together HelloGov’s AI-assisted U.S. passport services with iVisa’s visa and travel-authorization platform to create a broader technology platform for passport, visa, and other government-document applications.
The ten transactions show that merger outcomes varied substantially in structure. Branddu and Reno formed Branddu AI, while Double V Partners and NYX introduced NYXN as a new unified company. Other combinations retained an existing principal business while incorporating the other party through identities such as Agromobility by Venko, PUMA by Regrow, and VFP by +PET. HelloGov became the parent company following its merger with iVisa, which continued operating as a subsidiary, while Clubbi, Yandeh, Pitzi, and Renov continued within broader group structures.