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…

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…

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…

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…

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…