Here are the highlights on Brazil’s tech and business scene in December:
IBOVESPA leads list of best investments in the year. The index jumped 31,6% reaching 115.645 points (article in Portuguese)
Brazilian tech fund Confrapar invested R$200 million in the fintech Zetra, that develops digital tools to further financial education and wellness.
BayBrazil’s partner Cubo, in Sao Paulo, gathered local leaders for a chat on their expectations for tech entrepreneurship in 2020.
Here is the summary, in Portuguese.
Redpoint eventures leads undisclosed investment in Brazilian fintech, Nobli. The startup reduces the cost of borrowing, using borrower’s registered investments as collateral in case of insolvency.
Canary closes US$75 million in fundraising for Brazilian startups. This fund has already invested in six companies since July. The plan is to disburse these millions within the next two years among a total of 50 startups.
Mimic, the food delivery platform that operates solely out of ‘dark kitchens’, raises R$37.4 million in seed round led by Monashees with contributions from Caray, Valor Capital Group, and various
SoftBank’s balance of investments in startups in Latin America: lead or participated in 19 investments, of which 15 were disclosed. In all, the conglomerate has invested R$ 6 billion to R$ 10 billion in the region.
Brazil’s brokerage XP Inc. surges in U.S. market debut. The Sao Paulo-based company’s IPO is the 4th-largest in the U.S. this year. The company raised almost US$2bn on the Nasdaq stock exchange, having priced its shares above the top of the range previously mooted.
Brazil’s Newest Unicorn: Wildlife Studios raised US$60M Series A round of funding led By Benchmark.
Ingresse, the online ticketing platform, has just raised R$ 90 million in a C-Series round led by the Endurance family office.
BayBrazil closed the year’s activities by gathering Silicon Valley-based investors who are active in Brazil & founders who have launched new ventures in the region. Over 100 people joined at Stanford University.
And, the videos of our annual conference are available. Check them out!
Cora, a technology-enabled lender to the small and medium-sized businesses, raised US$10 million. The round was led by Kaszek Ventures, with participation from Ribbit Capital.
Credit fintech Rebel received a US$ 10 million investment in a round led by the venture capital fund Monashees and FinTech Collective of New York.