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…

October 2023 Deals & Investments

Oct 31 QI Tech raised a Series B round of US$200 million that will allow the banking as a service fintech to accelerate its growth through acquisitions. The investment was led by General Atlantic, which contributed around US$175 million. Other investors include Across Capital, which had already invested US$12 million in the company last year.…

September 2023 Deals & Investments

Sep 29 Latitud announces the first closing of its 2nd fund with both regional and global investors such as a16z, Nubank, iFood, Mercado Livre and others. It comes nearly two and a half years after the launch of Fund I that invested in 100+ early-stage startups across Latin America. Sep 27 San Francisco-based B2B payment startup Slope, YC…

August 2023 Deals & Investments

Aug 30 CEOS of Brazilian corporations show “moderated optimism” for 2024. Gathered in São Paulo for the Valor 1000 awards, executives represented the largest companies in the country with combined net revenue of R$7.4 trillion. Aug 30 Early-stage venture capital fund Atlantico released its 2023 LatAm Digital Transformation Report. It brings the major trends that are transforming…

July 2023 Deals & Investments

July 31 Private equity, venture capital and corporate VC firms invested a total of R$ 6,47 billion in Brazil between April and June of 2023. That represents a 23% growth compared to the previous quarter. July 26 Arena Hub, a center for innovation and promotion of entrepreneurship in sports, announced the launch of Sports Angels, a…

June 2023 Deals & Investments

June 30 Tech park in the northeastern coast of Brazil plans to train 50K people from underserved communities by 2050. “Porto Digital is the Quixotic tech hub that actually worked”. June 28 American giant Visa acquired Brazilian fintech startup Pismo for one billion. The deal makes Pismo the first unicorn of 2023 in Brazil. June 28…

May 2023 Deals & Investments

May 30 Digibee, an integration platform as a service, raised a Series B round of BRL 300 million, led by Goldman Sachs Asset Management and with the participation of K Fund, Vivo Ventures, Kinea and G2D Investments. The funds will be used to continue the startup’s expansion across Latin America and increase its share of…

April 2023 Deals & Investments

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…