Here are the highlights on Brazil’s tech and business scene from end of July through Aug 29, 2017:
TPG invested in Brazilian digital ad company Solinftec through its Alternative and Renewable Technologies growth equity platform TPG ART. The capital will fund the expansion of Solinftec’s platform into new crops and geographies.
Microsoft, through the BR Startups fund, is selecting Brazilian fintechs and insurtechs in the post-acceleration stage, in partnership with BB Seguridade and Banco Votorantim. The Venture Capital fund, managed by MSW Capital, will allocate between R $ 500 thousand and R $ 3 million per company.
The International Finance Corporation (IFC) plans to invest in a Brazilian Fintech, Koin. The investment can reach US$ 2, 5 million.
Fip Inseed Fima – Environment Innovation Fund, created by the National Bank for Economic and Social Development (BNDES) and managed by Inseed Investimentos invested R$ 6 million in Solar, a Brazilian solar heating startup. The company was founded in 2011 and registered growth of 25% annually and revenues of R$ 13 million in 2016.
Brazil’s dense bureaucracy steal thousands of hours of productivity from Brazilians every year. A new class of startups is trying to turn the burden into a competitive advantage. Apps such as Quinto Andar and GetNinjas are gaining a loyal following from consumers desperate to do away with even a small part of bureaucracy.
ACE received a new round of investment led by the Bossa Nova Investimentos fund. Companies that complete the acceleration program can receive from R$ 300,000 – R$ 500,000.
Accenture acquired Concrete Solutions, a Brazilian company that specializes in applying Lean and Agile software-development methodologies to develop cloud-based mobile solutions and web applications. Acquisition of Brazilian company strengthens Accenture’s position as a leading innovation partner of companies in Latin America.
According to a survey by SaaSholic, Rock Content, Signal Hill, and Redpoint eVentures, the SaaS market in Brazil is booming. The survey was based on more than 400 executives of Brazil-based SaaS companies.
The Brazilian Monetus, an online asset management service for small investors, received an investment from Distrito Ventures.
Beep, a startup that offers vaccination and 24 hour home health care, received R$ 5 million investment from DNA Capital.
Base Partners, a Brazil-based investment firm, raised $75 million for its first fund, Base Growth
Despite political scandals, Brazilian companies have raised $8.2bn in 21 equity issuance deals, with $3.45bn coming from seven initial public offerings.
The Brazilian startup Mediação Online, Brazil’s 100% online service for out-of-court dispute resolution through mediation, is one of the 36 companies selected in 2017 for the 500 Startups acceleration program.
Goldman Sachs increased its credit line to Brazil’s Nubank up to 455 million reais ($144 million). The four-year-old credit-card company charges no fees and is growing as much as 10% a month.
Brazilian Fintechs are winning market share in one of the world`s most lucrative industry.
Hedge funds investment in Brazil increased, even with the political scandals.
Gupy, a Brazilian platform that uses Artificial Intelligence and People Analytics to help companies digitize their recruitment and selection processes received R$ 1,5 million of investment from Canary and Yellow Ventures. The round also counts on investor-angel participation.
Cubo space in Sao Paulo will expand in 2018 aiming to become the largest entrepreneurial tech hub in Latin America.
Working alongside global tech giant Microsoft and ethereum-focused startup ConsenSys, Brazil’s Ministry of Planning, Budget and Management is piloting a blockchain identity application.
Criatec 2 announced investment in Epitrack, a healthtech company specializing in computational epidemiology platforms.
Among the more than 200 fintechs in the Brazilian market, 10 have already received more than US $ 1 million of investment.