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…

March 2023 Deals & Investments

March 28 Comp, a startup that offers a remuneration and benefits database for the HR sector, received a contribution of R$ 14 million. The round was led by Kaszek, with participation from Canary, Norte and 1616 funds, in addition to 40 angel investors. March 28 SP Ventures prepares US$ 80 million fund for agtechs. Startups that…

Brazilian tech founders in Silicon Valley

On April 26, 2023, BayBrazil partners and executive members joined an exclusive conversation on the hottest artificial intelligence technologies. The meeting brought together Brazil & Silicon Valley-based founders of AI-focused startups, data science engineers and investors to exchange views on applications of language models concepts that are setting record on user growth and impacting business…

February 2023 Deals & Investments

Feb 28 Brazilian corporations and startups laid off over 2,700 employees this month. At neobank Neon and online language school Fluency Academy, 200 workers were impacted in each company, according to LayoffsBrasil. The list also includes Google, PetLove, C6 Bank, Loggi and others. Feb 24 inDrive, the global mobility and urban services platform which has…

Brazilian Founders & CEOs in 2023

A wave of layoffs has sharply hit startups and corporations across the U.S. According to Crunchbase, over “58,000 workers in U.S.-based tech companies have been laid off in mass job cuts” as of January 27, 2023. With the global economic downturn and signs of recession, layoffs stretched well beyond the U.S. In Brazil, tech companies have slashed 5,6 thousand…

January 2023 Deals & Investments

Here are the highlights on Brazil’s tech and business scene in January: Jan 30 Fintech Paketá, specialized in credit services, received R$ 16 million in the extension of the Series A round. The investment was led by smart tech IOB and followed Kinea, CVC of Banco Itaú, which recently added a total of R$ 43…

December 2022 Deals & Investments

Here are the highlights on Brazil’s tech and business scene in December: Dec 29 Brazilian health group Dasa invested an undisclosed amount on GoGood. Headquartered in Santa Catarina, the startup offers reward-based employee health, wellness programs  It’s app provides healthy habits for its 25K+ clients to manage fitness, eating, sleep and stress. Dec 27 Former Formula…

BayBrazil in the News

2021   LabsNews, Nov 2021, BayBrazil reconvenes for first Silicon Valley summit since 2019 as venture investment and digital acceleration in LatAm booms   Epoca Negócios, Nov 2021: Para gestora de fundos, é preciso acabar com os mitos em torno das criptomoedas no Brasil   Época Negócios, Nov 2021: Como o PayPal usa o design para manter…

November 2022 Deals & Investments

BayBrazil annual conference videos are out. The two-day 10th edition was held at Stanford University and at the iconic SRI International, the birthplace of some of the world’s most important innovations. Watch videos here. Here are the highlights on Brazil’s tech and business scene in November: Nov 30  Crypto regulation: the Brazilian House of Representatives approved…

October 2022 Deals & Investments

Here are the highlights on Brazil’s tech and business scene in October: Oct 26 Cortex acquired Geofusion, a company that operates in the geomarketing segment. The deal comes in the wake of Cortex R$260 million series C round, led by Lightrock with participation of SoftBank Latin America Fund and Riverwood Capital. Oct 21 Trocafone, a…

September 2022 Deals & Investments

Here are the highlights on Brazil’s tech and business scene in September: Sept 29 Cortex, a big data analytics platform for marketing and sales, has just raised R$ 260 million in Series C round led by Lightrock, the late stage manager that has already invested in names like Buser, Creditas and Dock. Softbank and Riverwood,…