Here are the highlights on Brazil’s tech and business scene in August: Aug 29 Kaszek Ventures raised US$600 million across two new funds. This amount made the firm the first Latin American early-stage investor to hit the milestone.of roughly US$1 billion total capital under management. Kaszek portfolio includes Gympass Nubank and Loggi. Aug 27…
Here are the highlights on Brazil’s tech and business scene in July: July 31 Brazilian pharmaceutical giant Eurofarma has launched a venture arm called Axon Ventures to invest in early-stage healthcare companies. The fund will allocate up to US$12 million in healthcare projects. July 30 Shopper, a platform that helps grocery shopping, received…
Here are the highlights on Brazil’s tech and business scene in June: June 27 Swiss VC Bulb Capital invested US$7 million in Amaro, a Brazilian fashion label and e-commerce platform. June 26 Linx, a Brazilian provider of POS/ERP connectivity software and payment services, raised US$308 million in a global offering of 32.8 million shares/ADSs…
Here are the highlights on Brazil’s tech and business scene in May: May 31 Former U.S. President Barack Obama is in Brazil. In an event in Sao Paulo he said that the major force of the United States and Brazil is diversity. Reflecting on his administration he said: “it’s possible to achieve great power…
Here are the highlights on Brazil’s tech and business scene in April: April 29 Brazil’s Magazine Luiza agrees to buy retailer Netshoes for US$62 million. The acquisition is aligned with the retailer’s efforts to increase its footprint in Brazilian e-commerce. April 29 According to LAVCA, VC funding into LatAm nearly doubled in 2018, co-investments…
This week we are supporting the event organized by Brazilian students of Stanford University. The students got together to bring an exceptional group of Brazilian leaders to the region, including Jorge Paulo Lemann of 3G Capital. Some of the students are BayBrazil members who are highly committed to our mission. Our team is pleased to…
Here are the highlights on Brazil’s tech and business scene in March: Mar 29 Warren, Brazilian investment fintech founded by ex-XP Investimentos partners, received R$ 25 million led by Kaszek Ventures and Ribbit Capital. The fintech uses artificial intelligence to help clients to invest. Mar 29 Brazil ready for business. This Forbes’ article…
Here are the highlights on Brazil’s tech and business scene in February: Feb 27 Vicente Silveira, Data Science, Engineering leader & BayBrazil Chairman of the Board, had a live dialogue with entrepreneurs of Cubo, in Sao Paulo, on AI & the future of work. With the support of Grupo SEB & Escola Concept, the dialogue is part…
Here are the highlights on Brazil’s tech and business scene in January: Jan 30 The Y Combinator-backed Grin merged its electric scooter business with Yellow, the bike-share startup based in Brazil. Both Grin and Yellow raised large funds few months ago. Grin had also merged with Brazil-based Ride in October. Jan 28 Elephant…
Here are the highlights on Brazil’s tech and business scene in December. Dec 18 BNDES announced it’ll invest up to R$ 2.2 billion in venture capital and private equity funds. The participation in each fund will be up to 40%, limited to R$ 150 million for venture capital funds. For private equity…
Here are the highlights on Brazil’s tech and business scene in November, a historic month when Movile’s iFood raised $500 million, the largest round for a tech startup in Latin America. Nov 28 Creditoo, an online payroll loan platform for employees of private companies, announced an investment round of $ 1.2 million. The…
Here are the highlights on Brazil’s tech and business scene in October: Oct 26 Grin, the Mexico City-based electric scooter company backed by Y Combinator, is merging with São Paulo-based Ride to further the company’s expansion across Latin America. This comes shortly after Grin raised a $45 million Series A round. Oct…