April 26
Early-stage VC fund Indicator Capital announced it raised an additional R$ 93 million to invest in I0T and connectivity. With the new capital, the fund reached a total of R$ 333 million.
April 26
In their latest meeting, BayBrazil partners and executive members discussed the hottest artificial intelligence technologies.
The conversation brought together founders of AI-focused startups, data science engineers and investors to exchange views on new language models concepts that are impacting business across industries.
April 25
VC investment drops 51% in Latin America in 2022, but startups continue to grow, according to “The LatAm Digital Report”, a McKinsey study that consulted 200 startups in the region and about 300 market leaders. In the last year, 33% of startups raised capital in down rounds that cut their valuation compared to previous rounds.
April 25
Agribusiness marketplace Arado (formerly known as Clicampo) raised a $12 million Series A round and advances to connect rural producers and restaurants. The investment was led by Acre Venture Partners, an American fund that invests in technology for agriculture and climate.
April 25
Cilia, a startup focused on software infrastructure for the automotive sector, received R$ 110 million in funding led by Cloud9 Capital with participation of Mercado Livre. With the new resources, the company from Goiás seeks to consolidate itself as the country’s largest provider of infrastructure in the sector.
April 20
Brazilian sports equipment rental startup ZiYou raised R$ 20 million with Multi (former Multilaser). The startup was created in 2021 by the co-founder of Netshoes. The investment comes from the group’s exclusive CVC fund, managed by Bertha Capital.
April 18
Scalable, fintech focused on credit offers to help SaaS startups grow, closed a R$ 20 million funding round with SRM Ventures.
April 13
SPOT Metrics, a Data Intelligence and CRM startup focused on retail, acquired Action and Guru CRM. The investment will be around R$ 48 million.
April 11
Z1, fintech that offers a bank account for teenagers, received an investment of R$ 54 million. The round was co-led by Homebrew fund, Parade Ventures and Kindred Venture and by partner investors such as Y Combinator, MAYA Capital, Clocktower, Gaingels, and new ones such as Costanoa, Newtopia, SquareOne and The Fund.
April 10
Rappi acquired the Brazilian startup Box Delivery, which works with fast delivery logistics. The value of the acquisition was not disclosed. The announcement comes shortly after Cade adopted measures to regulate the delivery market for bars and restaurants.
April 8
The startup Assis, which developed a virtual assistant for self-employed professionals, received R$ 27.5 million in its first investment round, from Costanoa, MAYA, Canaan, Norte Ventures, Latitud, FJ Labs, K50, 1616, BFF and angel investors. The investment happened before the launch of a bot integrated with ChatGPT.
April 3
Kaszek raised $975 million to invest in startups in Latin America. The resources were raised for two new funds, one of US$ 540 million for investments in early-stage startups, and another of US$ 435 million for later stage companies.
