Here are the highlights on Brazil’s tech and business scene in July
Magnetis, an automated wealth management startup, has raised US$11 million in a new round of funding. Plans are to transform itself into a full-service brokerage. Investors in the round included Redpoint eventures and Vostok Emerging Finance.
BayBrazil annual conference 2020 program recently featured founders & investors in The future of Auto-Mobility, The Future of Logistcs & more.
PagSeguro acquired the technology and software provider ZYGO, a customer engagement and loyalty platform for micro, small and medium merchants to acquire.
BTG Pactual increased participation in the fintech Credpago to 49%. The partnership started in January when a fund managed by BTG Pactual bought 20% of CredPago.
SoftBank’s newest investment in Brazil: startup iClinic, which offers a management platform for medical clinics, closed its series B round led by SoftBank fund for Latin America.
Vasta Platform, a high-growth education company in Brazil powered by technology, has launched its IPO, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission.
Nubank acquired Cognitec, the American software engineering company that is responsible for creating the Clojure programming language and the Datomic database, systems that were already being used by the Brazilian bank.
Swap received R$ 17,5 million in a seed investment led by ONEVC fund. Swap offers prepaid cards and virtual wallets to other companies that want to offer financial services to their consumers.
Silicon Valley Bank launched a US$30 million venture debt fund for startups in Latin America and the Caribbean. Along with Partners for Growth (PFG) and the investment arm of the Inter-American Development Bank, IDB Invest, the new Latin America Growth Lending Fund will support emerging growth companies across the region scale operations.
Brazilian brokerage platform Warren closed R$120 million for its Series B round. The transaction’s lead was QED Investors which was joined by Kaszek Ventures, Chromo Invest, Ribbit, MELI Fund, WPA and Quartz.
Alice, a healthtech launched in July, raised US$ 16 million in investments from funds like Canary, KaszeK Ventures and Maya Capital. The startup bets on remuneration for value delivered to the client.
Zee.Dog raised R$100 million through TreeCorp Investimentos. The freshly-funded startup intends to expand within Brazil and it’s expecting to launch in the U.S. sometime next year.
Kryptus, a company specialized in cryptography and information security, has just received an investment of R$ 20 million from the Aerospace fund, which has Embraer among its main shareholders.