June 2024 Deals & Investments

June 28 Former CEO of retail giant Americanas was arrested in Madrid. Miguel Gutierrez is part of an investigation into a $4.5 billion alleged accounting fraud. June 27 Giftback and advertising services CRMBonus raised an additional R$55 million in its Series B round bringing its valuation to R$2.2 billion. Vivo Ventures and Industry Ventures participated…

May 2024 Deals & Investments

May 23 Tokenization pioneer Dynasty Global to become BrickMark Group’s payment token. In return, Dynasty will acquire a strategic stake in BrickMark. The investment of CHF 10 million will be part of BrickMark’s Series A financing and will be settled mainly with Dynasty’s payment token and cash. This collaboration aims to facilitate real estate transactions using D¥N,…

April 2024 Deals & Investments

April 26 QI Tech, a Brazilian fintech specialized in infrastructure for financial services, achieved unicorn status, reaching a market valuation above US$1 billion (R$5.1 billion) in its latest investment round. This milestone was reached after QI Tech received an additional contribution of US$50 million (R$256.3 million). This investment is an extension of the US$200 million (R$1…

BayBrazil AI Series

The rise of Artificial Intelligence In the wake of the stunning ChatGPT success in 2023, investments in generative AI have soared with some companies raking in billions. According to Crunchbase data, AI-related startups raised nearly $50 billion in 2023. Tech giants are spending unprecedented sums After the groundbreaking $10 billion to OpenAI last year, Microsoft has just…

March 2024 Deals & Investments

March 27 Techome, a smart home startup, raised R$35 million in a series A led by venture capital manager Astella, who was already an investor. The round was also joined by Endeavor Scale-Up Ventures and Endeavor Catalyst. The amount will be used mainly to execute the project for its own factory. March 27 Frete.com, an…

February 2024 Deals & Investments

Feb 27 Agtech Cromai received an additional investment and reached R$30 million in its series A funding. The new investment, of R$12 million, was led by iDEXO, a corporate venture of TOTVS managed by Citrino Ventures, and was accompanied by a follow-on from Baraúna Venture Capital and the family office Citrino Gestão. Feb 27 Neowrk,…

January 2024 Deals & Investments

Jan 31 Palo Alto-based Incognia, founded in Recife, raised a US$31 million Series B funding led by Bessemer Venture Partners. The startup offers geolocation identity solutions aimed at fraud prevention, it operates in over 25 countries. Jan 29 The Economist on Brazil’s tax reform overhaul: “Reform of the world’s most complicated tax system will cut…

December 2023 Deals & Investments

Dec 27 88% of SoftBank portfolio companies in Brazil are cash flow positive for other 12 months and most reached break even. Alex Szapiro, Managing Partner and Head of Brazil, details why he is optimist about 2024. Dec 22 C6 Bank, Caju, QI Tech. Here are some of the Brazilian startups that were in the spotlight and generated important…

November 2023 Deals & Investments

Nov 30 Mexican retail startup Zubale raises US$25 million to accelerate growth at home and in Brazil. The startup is a set of tools and services designed to empower the profitable expansion of retailers’ digital channels, secured an investment of USD$25 million in a round led by QED Investors, backed by NFX, Kevin Efrusy, and…

BayBrazil week, Oct 25-27, 2023

As in past years, our guests and partners participated in a special program around our signature event, the annual conference Brazil in 21st Century. This time our agenda focused on the impact of generative AI on business. Brazilian founders, investors, CIOs, CTOs and CEOs based in São Paulo, Belo Horizonte, New York, Miami and other regions joined f2f…

Oct 27, 2023: Brazil in the 21st Century #11

BAYBRAZIL ANNUAL CONFERENCE EDITION #11 On Oct 27th BayBrazil signature event will bring together entrepreneurs, investors, and private-sector leaders to discuss science, technology, innovation & Brazil’s role in the global economy. Take a deep dive into the latest tech trends across industries Understand the current state of entrepreneurship in Brazil & the U.S. Join in-depth discussions…