Here are the highlights on Brazil’s tech and business scene in February:
The blooming of Brazil’s tech ecosystem will peak in 2020.
Banco Votorantim, the seventh largest bank in Brazil, recently announced an $18.38M (R$80M) investment in Weel, an accounts receivables management platform for SMEs.
The startup Memed, focused on the health sector, received an investment of R$ 20 million led by the DNA Capital fund and by Redpoint eventures. Memed created a platform for generating online medical prescriptions and it has more than 80 thousand doctors registered.
Fresh off a record year of deals and funding, Latin America’s fintech ecosystem is thriving. According CBInsights, though deals and funding continue to reach new annual highs, it wasn’t a smooth climb.
SoftBank to add $1 Billion to its $5 Billion Latin American Fund, which was launched last year.
Kinea Private Equity acquired a minority stake in Matera, an IT solutions company for the financial market, risk management and retail, for R$ 100 million. The investment will accelerate Matera’s growth in local and international markets.
Brazilian startup and property matchmaker Kzas received US$ 4 million in a seed round investment was led by Redpoint eventures.
The legaltech Docket raised US$ 8 million with Kaszek, ONEVC, Valor Capital, Canary, and Wayra. These funds have been channeled towards strengthening its sales team and customer service.
Brazilian startup Involves raised R$ 23.5 million, with the contribution of Bridge One. The startup helps manufacturers trade market their goods through technology.
Amazon’s AWS to invest $236 million in Brazilian state of Sao Paulo over next 2 years. The company aims to strengthen its cloud infrastructure in South America.
Locaweb and its partners raised R$ 1.03 billion in their IPO. With the IPO, the American fund Silver Lake, which invested in the company in 2010 and held almost 19% of its shares, will leave the partnership with Locaweb.
Magazine Luiza’s family leads $ 40 million investment in the startup Solinftec, that uses artificial intelligence to monitor crops.