Dec 25 Food to Save’s acquisition of platform “Fruta Imperfeita” represents its first financial deal aimed at scaling operations. The strategy aims to triple revenue by leveraging new resources and expanding the company’s reach in the food rescue market. Dec 19 MinusSugar, a biotech startup founded by a Brazilian team in Miami, raised US$2.5 million…
Nov 27 A new fund aimed at advancing neurotechnology. Neuroscientist Miguel Nicolelis and investor Flavio Pripas, formerly executive of Cubo Itaú and Redpoint eVentures have joined forces to create a groundbreaking US$200 million fund focused on supporting startups that are developing cutting-edge technologies in neuroscience, brain-computer interfaces, and related fields. This initiative seeks to contribute to…
Oct 31 Crescera Capital announced it raised R$ 300 million for its 4th fund. The plan is to invest in 25 companies, from seed to Series A, over the next 4 years. Oct 29 Digital lender Nubank announced it will launch a mobile phone service called NuCel in the coming months, expanding its operations beyond financial services.…
Sept 27 Gibb, a fintech specializing in on-demand salary solutions, has secured a R$ 30 million investment from SRM Ventures. With the investment, the company aims to benefit one million employees, in one thousand companies, by the end of 2025. Sept 26 Microsoft has announced a R$14.7 billion investment in Brazil over the next three…
Aug 26 Google has announced the creation of a new engineering center in São Paulo, located at the Institute for Technological Research (IPT) of USP (University of São Paulo). Construction will begin next week, with the opening scheduled for January 2026. The center will focus on innovation in security, privacy and solutions that can be…
July 30 Brazil’s government unveiled on Tuesday a 23 billion reais ($4.07 billion) proposal for an artificial intelligence (AI) investment plan aimed at developing sustainable and socially-oriented technologies. It will be disbursed from 2024 to 2028. The proposed investment plan foresees resources for “immediate impact initiatives” in sectors such as public health, agriculture, environment, business and…
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 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 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…
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…
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,…
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…