Here are the highlights on Brazil’s tech and business scene in December.
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 funds, the stake will be 25%, or up to the ceiling of R$ 400 million.
Distrito Ventures made an undisclosed investment in Ali Credito, a Brazilian consumer credit platform.
Magazine Luiza acquired the startup Softbox, specialized in solutions for retail companies and consumer goods industry that want to make digital sales to the final consumer.
Agenda Edu, a platform that increases engagement in school settings, received an investment from Omidyar Network to scale its platform. Agenda Edu already serves more than 1 million active users, including students, parents, and educators, making it the largest school management and communication platform currently in operation in Brazil.
Lighthouse Investimentos made investments in two Brazilian startups in the retail sector: POS Controle, a fintech focused on the automation of mobile point of sale services for retailers, and Catalog Delivery, a solution dedicated to food and other commerce specifics such as stationery, water, and gas, convenience, health, cosmetics, and pet services.
Grupo Pão de Açúcar closed a deal to purchase the Brazilian startup order and delivery of James Delivery for an undisclosed amount, as part of its efforts to advance the online retail food channel.
A highlight of 2018 Latin America startup ecosystem: the unprecedent acceleration pace of innovation and confirmation of international investor interest in the region. 2018 was also a year of new unicorns and new records. Funding rounds increased in size and exits became more common, Latin American startup valuations also started to rise. Startups that were founded in the early-2010s are now reaching maturity and starting to generate returns.
In this article, Capital Aberto talks about how Agibank, Inter e Nubank use the no fee account to face the traditional banks, their strategy, expansion, profitability, challenges, and regulation.
Margarise Correa, BayBrazil Founder & CEO, received an award by the Brazil Embassy to the U.S. “In recognition of her contribution in connecting the Brazilian science, technology, and innovation community of Silicon Valley & Brazil”.