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 $45 million Series A round. Oct…
Here are the highlights on Brazil’s tech and business scene in September: Sept 29 A lot has changed since the Nubank, one of the best-funded startups in Brazil was founded five years ago. The fintech scene went from a handful of companies to about 400 startups countrywide, with many focusing on digital banking.…
Here are the highlights on Brazil’s tech and business scene in August: Aug 30 There are 39 companies in the Bay Area founded by Brazilians, 35 in tech. In this article, our CEO Margarise puts things in perspective and gives details on the exclusive BayBrazil survey that mapped Brazilian founders in Silicon…
Diversity is one of the top reasons why Silicon Valley has become what it is. Some of the region’s well-known star companies were founded by immigrants or children of immigrants. A study by the NFAP (National Foundation for American Policy) reveals that more than half of U.S.’s unicorn startups have at least one immigrant founder and over…
Here are the highlights on Brazil’s tech and business scene in July: July 30 Facebook selects ten social impact startups for acceleration. The program, in partnership with the accelerator Artemisia, lasts six months and targets businesses with the potential to improve the lives of low-income citizens. July 23 Latin America faces a…
Here are the highlights on Brazil’s tech and business scene in June: June 26 Hi Technologies, a Brazilian healthcare startup, will receive an investment of R$ 14.7 million from VC funds Monashees and Qualcomm Ventures, according to the statement released by Positivo Tecnologia, who bought 50% of Hi Technologies in 2016. …
Here are the highlights on Brazil’s tech and business scene in May: May 30 “More people opening Crypto trading accounts in Brazil than traditional securities” May 24 Banrisul will have a corporate venture fund focused on fintechs based on an agreement with Gama Investimentos. Banrisul will contribute R$ 25 million and will…
Here are the highlights on Brazil’s tech and business scene in April: April 24 “A reassuring physical presence and fast-growing online sales have vaulted Magazine Luiza into the upper echelons of Brazilian e-commerce, lifting shares over 500% last year and 20% so far in 2018. The company is relying on deep roots…
Here are the highlights on Brazil’s tech and business scene from the end of Feb through March 28: Feb 27 Tamboro, Brazilian startup focused on innovation in education, received R$ 6 million from entrepreneur Paulo Ferraz. The startup offers online solutions to enhance the performance of young professionals, students, and businesses and their teams…
Here are the highlights on Brazil’s tech and business scene from the end of Jan through Feb 26: Jan 30 Embrapa and Cedro Capital selected seven agritechs to receive up to R$ 5 million each. The total amount invested in the companies could reach R$ 35 million. Some startups selected: Gira, Agronow, Agrorobótica, Agrosmart,…
Here are the highlights on Brazil’s tech and business scene in January 2018: Jan 3 First Brazilian unicorn: Didi acquired 99, Uber competitor in Brazil, as part of the plans to expand its service into Latin America. The acquisition gave the company a valuation of U$1 billion – U$600 million to buy out investors, plus…