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 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 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 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…
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…
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…
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 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…
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$260 million series C round, led by Lightrock with participation of SoftBank Latin America Fund and Riverwood Capital. Oct 21 Trocafone, a…
Here are the highlights on Brazil’s tech and business scene in September: Sept 29 Cortex, a big data analytics platform for marketing and sales, has just raised R$ 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,…
Here are the highlights on Brazil’s tech and business scene in August: Aug 26 Staged Ventures, an investment fund manager, co-founded by Camila Farani, Geraldo Neto and Flavio Pripas, raised US$ 5.2 million, consolidating a secondary investment in the startup Digibe, a cloud platform that accelerates systems integration projects. Aug 25 Insurtech Latú received $…
Here are the highlights on Brazil’s tech and business scene in July: June 29 Got recession? Despite slowing hiring, Meta and Google, which employ hundreds of Brazilians in the Bay Area, are still “moving forward with major office expansions” in Menlo Park and San Jose. July 25 Population on the move. Here are two articles discussing the trend,…