Here are the highlights on Brazil’s tech and business scene in November: Nov 30 Brazilian digital insurance company Pier is now issuing its own policies following a $14.5 million Series A round of funding. Nov 26 Brazilian e-commerce platform Olist raised a US$ 58 million Series D funding round led by SoftBank Latin American Fund. Other investors in…
Here are the highlights on Brazil’s tech and business scene in October: Oct 29 Locaweb acquired Startup Vindi for R$ 180 million. Vindi is SaaS company that processes and manages recurring payments for companies and will complement Locaweb’s payment solutions. Oct 29 Via Varejo acquired i9XP for an undisclosed value. The startup is specialized…
Here are the highlights on Brazil’s tech and business scene in September: Sept 30 The recent BayBrazil study shows an unprecedented number of venture capital firms led or founded by Brazilians, a total of seven. Moreover, an increasing number of tech executives, engineers, product experts who work in Bay Area corporations are venturing into…
Here are the highlights on Brazil’s tech and business scene in August Aug 27 Fintech Nubank received a new round of investment of US$ 300 million on June 4 that has not yet been revealed. The document with the information was filed with the SEC. Aug 25 CyberLabs, a Brazilian artificial intelligence (AI) startup, raised…
Here are the highlights on Brazil’s tech and business scene in July July 30 Magnetis, an automated wealth management startup, has raised US$11 million in a new round of funding. Plans are to transform itself into a full-service brokerage. Investors in the round included Redpoint eventures and Vostok Emerging Finance. July 30 BayBrazil annual…
Here are the highlights on Brazil’s tech and business scene in June: June 29 Startup success isn’t determined by how much you raise; it’s about how much equity you keep, which means controlling your own destiny. According Tom Foremski, the San Francisco-based startup Arena is a great example of bootstrapping. Arena is a cloud-based…
Here are the highlights on Brazil’s tech and business scene in May: May 30 Santander InnoVentures led a US$5 million investment in the Brazilian fintech a55. The Brazilian startup specializes in loans for small and medium-sized businesses in the tech industry. May 29 The Brazilian SaaS platform Accountfy announced a new round of US$6.5…
Here are the highlights on Brazil’s tech and business scene in April: April 30 DOMO Enterprise will invest in startups that operate in the B2B model. About 30% of the fund, which will total between R$ 150 million and R$ 200 million, have already been raised. April 29 VTEX acquired tow companies: Biggy, which…
Here are the highlights on Brazil’s tech and business scene in March: March 30 Ambassador Nestor Forster, Brazil’s Chargé d’Affaires to the U.S., had an exclusive conversation with BayBrazil CEO to discuss the Impact of COVID-19 on Brazil’s economy, trade and society. He also discussed the severity of the pandemic in Brazil and the financial incentives the government…
The COVID-19 outbreak has unleashed a chaotic week across the globe. Stock markets yesterday plunged in their worst fall since the financial crash of 1987. Across the U.S., schools shut down, large gatherings have been banned and a number of tech and arts events have been canceled. In California, the Governor declared statewide emergency after a…
Here are the highlights on Brazil’s tech and business scene in February: Feb 26 BlackRocks Startups Help Black Entrepreneurs Blossom In Brazil Feb 26 The blooming of Brazil’s tech ecosystem will peak in 2020. Fev 25 Banco Votorantim, the seventh largest bank in Brazil, recently announced an $18.38M (R$80M) investment in Weel, an accounts receivables…
Here are the highlights on Brazil’s tech and business scene in January: Jan 28 Sapore, a Brazilian multinational of corporate restaurants, announced that it has acquired a majority stake in three startups: Lucco Fit, from frozen lunchboxes; Shipp, for delivery; and Zaitt, an autonomous supermarket. Jan 28 Multiplan and brMalls invested R$ 69 million…