Here are the highlights on Brazil’s tech and business scene in August:
Kaszek Ventures raised US$600 million across two new funds. This amount made the firm the first Latin American early-stage investor to hit the milestone.of roughly US$1 billion total capital under management. Kaszek portfolio includes Gympass Nubank and Loggi.
“BayBrazil is a superb example of how Silicon Valley’s hugely diverse populations can organize and help their countries of origin share in the global opportunities of e-commerce and digital businesses.” Tom Foremski on BayBrazil annual conference, at ZDNet.
Brazilian cloud-based HR management platform, Sólides raised US$3.5 million from DGF Investimentos. With this, Sólides now joins other software and AI-based companies such as Resultados Digitais, ReclameAqui and Ingresse as part of DGF Investments’ portfolio.
“Brazilian leaders strengthening connection with Silicon Valley“, Forbes Brasil, on BayBrazil annual conference, at SRI International, Menlo Park.
SaaS company Resultados Digitais closer to unicorn status. The startup had a its fifth funding round of US$ 50 million. Investment round was led by Riverwood Capital and includes the firm’s existing backers TPG Growth, DGF Investimentos, Redpoint eventures, Astella Investimentos and Endeavor Catalyst.
REBEL, an online personal loan platform, raised R$ 167 million via securitization of financial loans. Issued by the securitizer VERT Capital, the papers were purchased by XP Asset Management, Franklin Templeton, and other players.
Movidesk, a Brazilian multi-channel help-desk platform received a US$2.2m Series A investment led by Redpoint eventures and abSeed.
Agrosmart received R$ 22 million in a round led by Bradesco’s Inovabra fund and Positivo’s corporate venture arm. This ‘Series A’ was joined by an American family office that owns large tracts of land in South America. Previous investors, the SP Venture fund and accelerators Baita and Thrive, did not participate in the round.
Softbank Kaszek of Argentina led an investment of US$ 17.6 million in Brazil’s digital used car portal Volanty. The funds were also joined by Monashees Capital+ and Canary.
Creditas buys Creditoo, a startup of payroll deductible loans to corporate employees. The new product is part of a plan made when Creditas received the US$ 231 million investment from Softbank, in July.
Youper, a Florianopolis-based startup that started operating in the United States two years ago, received a US$ 3 million seed capital contribution from the Goodwater Capital fund. The company offers an app to help people with anxiety and social phobia.