Here are the highlights on Brazil’s tech and business scene in August:
There are 39 companies in the Bay Area founded by Brazilians, 35 in tech. In this article, our CEO Margarise puts things in perspective and gives details on the exclusive BayBrazil survey that mapped Brazilian founders in Silicon Valley for the first time.
Descomplica, an educational platform in Brazil, acquired PaperX, a startup focused on the development of exercises and online tests and simulations. Descomplica’s goal is to complete three more acquisitions by the end of this year and continue to double its size.
Harvard Angels, Insper Angels, and Anjos Do Brasil made an undisclosed investment in Incentiv, a Brazilian crowdfunding platform for impact-driven projects.
Peixe Urbano took control of the Chilean food delivery company Express Menu. The strategy is part of the company’s ambitious vertical expansion and diversification project, following the recent merger with Groupon operations in Latin America.
Arco Educação, owner of the SAS educational platform, made a confidential filing for public offering in the US market, according to two sources.
Nuuvem, the leading digital platform for PC gaming in Latin America, has announced the acquisition of SplitPlay, the first and largest Brazilian startup focused on the sale and distribution of games developed in the country.
Cubo, an entrepreneurship hub idealized by Itaú Unibanco and Redpoint eVentures in 2015, inaugurated its new headquarters. Cubo announced that more than 720 contracts have already been generated between resident startups and large companies in 2018.
Trocafone, a Brazil-based marketplace for used electronics received a US$3 million investment from Pedralbes Partners and Aihuishou, a Chinese electronics recycle startup backed by Tiger Global. Trocafone raised US$15 million in 2017 from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, and Mercado Libre Fund.
Uber plans to open a US$64 million center in São Paulo to develop technology to improve safety for its riders and drivers and for drivers to accept cash, a key payment method in its rapid expansion in Latin America. São Paulo is the city with the highest number of Uber rides in the world.
Brazilian startups in Silicon Valley generate more than US$ 100 million in revenue. O Estado de Sao Paulo published an article on BayBrazil exclusive study.