Here are the highlights on Brazil’s tech and business scene in January:
Nubank raised US$400M Series G at US$25 billion valuation, becoming the fourth most valuable financial institution in Latin America. The round was led by both private and public investors including current investors Singapore’s GIC, Whale Rock, and Invesco. Other current investors Tencent, Dragoneer, Ribbit Capital, and Sequoia also participated in the round.
Ebanx acquired a 30% stake in Banco Topázio. The deal was closed at the beginning of the year and its financial terms were not disclosed. Effectiveness is still subject to approval by the Central Bank and Cade.
Marketplace for borrowers bxblue received a R$38 million Series A led by Igah Ventures and joined by the participation of Iporanga, FundersClub. The startup totals R$ 43.2 million raised in 4 years of life.
Locaweb acquired ConnectPlug, a platform for the management of points of sale, for R$18 million.
OmniChat, Curitiba’s chat-commerce platform for retail and services, received an investment of R$ 20 million in a Series A round led by Kaszek Ventures with the participation of Ebanx, the Goodz fund, and a consortium of angel investors.
XP Health announced it has raised a total of US$5 million in seed round funding led by Valor Capital Group. The company founded by the Brazilian and BayBrazil’s member Antonio Moraes, is the world’s only artificial intelligence-powered vision benefits platform covering employees and their families.
Brazilian startups captured a record US$3.5 billion in 2020.
Brazil’s Contabilizei raised a Series C round led by SoftBank‘s Latin America Fund. The value of the round was not disclosed. Kaszek, Point72, Quona, and the World Bank (IFC), who were already investors in the company, also participated in the round. BayBrazil team is following the growth of Contabilizei Contabilidade since 2016 when Founder Vitor Torres joined our startups workshop.
Brazil’s ViBe Saúde, a B2C telehealth startup in Brazil, announced it has raised a US$10 million Series A funding round led by a group of Swedish healthtech investors. In February 2020, ViBe secured a Seed Round of US$2.5 million led by Swedish-Brazilian investment company Webrock Ventures.
Brazilian home goods platform MadeiraMadeira kicks off the new year on a high note. The company raised US$190 million in a new funding round that valued it above US$1 billion. SoftBank Group Corp and Dynamo led this fifth funding round, which also included Flybridge, Velt Partners, Brasil Capital, Lakewood Capital and Monashees.
Knewin, a Brazilian public relations startup, received an investment of R$ 40 million from the Oria Capital fund. Knewin is responsible for developing news and social media monitoring solutions in four countries.