July 31
São Paulo-based QI Tech secured a $63M Series B extension led by General Atlantic.
The financial infrastructure company plans to build up its leadership in Brazil’s digital banking transformation and support strategic acquisition opportunities.
July 31
Precious metals, wood pulp, aircraft, OJ, others excluded from U.S. tariffs on Brazilian exports. But, 50% tariff expected to hit Brazil on Aug 6th.
July 30
HR tech startup Tako raised R$ 100 million (US$18 million) in new funding in a round led by Ribbit Capital and Andreessen Horowitz (a16z).
The company plans to accelerate the development and rollout of its AI agents designed to automate workforce management, payroll, and compliance tasks for businesses in a market where managing labor, tax, and union rules is complex and typically manual.
July 30
Neurogram, a healthtech based in Paraná, raised R$ 17 million to expand its AI-based solution for automating and interpreting EEG exam analyses. The company aims to process up to 100,000 EEG exams by 2025, reducing review time by as much as 60%, while streamlining report digitization and enabling ICU monitoring applications.
July 29
iFood has acquired a 20% stake in CRMBonus, a Brazilian startup specializing in cashback and customer engagement, with an option to purchase 100% of the company within three years for up to R$10 billion. The initial acquisition values CRMBonus at around R$2.2 billion. , reflecting an “upround” compared to previous valuations.
July 25
Natura Ventures—a corporate venture capital fund managed by VOX Capital launched by Natura &Co added the U.S. biopolymer startup Mango Materials to its portfolio, reinforcing its strategy in regenerative bioeconomy and circular materials.
July 22
TOTVS has agreed to acquire Linx Participações from Stone for R$3.05 billion. The transaction will be paid in cash and is subject to approval by CADE and Linx’s shareholders. TOTVS had previously attempted to acquire Linx in 2020 but lost to Stone, which acquired Linx for R$6.7 billion.
July 15
The Trump administration has launched a formal investigation into Brazil’s trade practices. The probe will assess whether Brazil’s actions are discriminatory or restrictive toward US commerce, particularly in regard to tariffs, treatment of US tech firms, and intellectual property enforcement.
July 14
NG.CASH, a Brazilian digital bank targeting Generation Z and Alpha, raised US $26.5 million (approximately R $150 million) in a Series B round. The funding was led by NEA. Additional investors included Quantum Light, Monashees, a16z, Endeavor Catalyst, 17Sigma, and Daphni. The capital will be used to expand NG.CASH’s credit offerings for young adults, develop AI-powered financial products, and support growth.
July 10
Neon, a Brazilian fintech and payments institution, closed a Serie E funding round totaling R$ 720 million, which included two earlier tranches of R$ 518 million raised in late 2023 and mid‑2024, plus an extension in July 2025. The extension brought in two new institutional investors: IFC and the German development bank DEG under KfW, joining existing backers BBVA and General Atlantic.
July 1
Explore the 2025 “Follow‑on Startup Landscape: Retailtechs Brazil” by Liga Ventures, mapping over 500 retailtech startups across 31 categories.
The study reveals R$1.5 billion raised in 25 funding rounds in the first half of 2024 and highlights AI adoption by 28% of startups.
June 18
Justos, a Brazilian auto insurance insurtech, secured R$ 92 million in a bridge funding round led by Ribbit Capital, with participation from Kaszek, Endeavor Catalyst, and Scale-Up Ventures. Utilizing smartphone-based telematics to assess driving behaviors, Justos offers policies that can be up to 30% more affordable than traditional insurers.
June 9
Frente, a Brazilian fintech ecosystem focused on small businesses and professionals, raised US$5 million in a Series A funding round. The round was led by an undisclosed investor and aims to accelerate the development of financial products and expand the company’s market presence.
