Here are the highlights on Brazil’s tech and business scene in February: Feb 28: Delivery startup Loggi raises $205 million. The company’s largest round to date was led by CapSur Capital and included renowned Brazilian hedge fund manager Luis Stuhlberger’s Verde Asset Management among the backers for the first time, the firm said. Feb 24…
Here are the highlights on Brazil’s tech and business scene in January: Jan 28 Nubank raised US$400M Series G at US$25 billion valuation, becoming the fourth most valuable financial institution in Latin America. The round was led by both private and public investors including current investors Singapore’s GIC, Whale Rock, and Invesco. Other current…
Here are the highlights on Brazil’s tech and business scene in December: Dec 29 Fintech Nomad, which allows Brazilians to open a checking account with banks in the United States, raised an investment of R$ 30 million, in a round led by Monashees. Dec 21 Linker received R$ 12 million round investment and warms…
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…