Here are the highlights on Brazil’s tech and business scene in April:
April 27
Brazilian marketplace Inventa raised $55 million Series B led by Silicon Valley-based venture capital firm Greylock, accompanied by Previous investors such as Greenoaks, a16z, monashees, and Tiger Global, among others. The company connects small, medium-sized retailers with suppliers.
April 27
Raíz, a Brazilian e-commerce for organic products that connects small farmers to consumers, secured a BRL 20 million Series A round led by Solum Capital and followed by KPTL. The funds will be invested in technology, geographic expansion beyond the state of São Paulo.
April 25
Rúmina, an ecosystem of digital solutions, closed a Series A round of BRL 25 million led by Barn Investimentos, with the participation of Indicator Capital and other national and international venture capital funds and a group of angel investors, whose names were not disclosed. The company’s objective is to contribute to animal welfare in more than 300,000 livestock farms in Brazil and Latin America over the next 10 years.
April 21
Floki, a shopping management startup for restaurants, received a seed investment worth R$50 million. The investment was led by the funds NFX and Valor Capital Group, followed by Latitud and angel investors such as Ralf Wenzel (founder of JOKR) and Andres Bilbao (founder of Rappi), in addition to the follow-on of Iporanga.
April 19
Beegol, a machine learning-based platform that raised fubds with Indicator Capital, announced it is now integrated into RDK to improve customer experience and broadband internet quality better for the masses.
April 13
Galena, who prepares public school students to work in large companies, raised a series A round of US$ 16.3 million. This is the first large formal contribution received by the company. The investment featured the debut of the American fund Altos Ventures in Brazil.
April 12
Qulture.Rocks, a performance management SaaS platform, was acquired by UOL Edtech.
Early investors in the company include Y Combinator and Redpoint eventures,
April 11
Brazilian financial solutions platform Stark Bank received a $45 million investment led by funds such as Ribbit Capital, Lachy Groom and Bezos Expeditions. The announcement comes about four months after the fintech raised $13 million from venture capital investors in an initial round.
April 11
Softbank announced a spinning out its early stage fund in a new autonomous firm, Upload Ventures. Marco Camhaji, Rodrigo Baer and Norberto Giangrande are serving as managing partners.
April 6
Dolado, an inventory buying and selling startup focused on small shopkeepers raised a $10 million Series A round led by Valor Capital Group and followed by Flourish, Global Founders Capital, Clocktower Ventures, IDB Lab, and Endeavor. Dolado will use the new resources primarily for hiring staff for the product, technology, and customer relations professionals’ areas.
News gathering by Thais Chertman
