Here are the highlights on Brazil’s tech and business scene in July:
Pipo Saúde, which operates as a health insurance broker raised a RS$ 100 million new round, the largest Series A in the Brazilian healthtech market. New investors entered this investment, such as Thrive Capital, which led the round, and the Atlântico fund, as well as angel investors. Investors from the seed round also participated: Monashees, Kaszek, ONEVC and David Velez, co-founder of Nubank.
PicPay acquired Guiabolso. With the acquisition, there is the total absorption of the Guiabolso operation, which has 6 million users and BRL $1 billion in credit granted through partners on the platform. The main target is to position the company to join the open banking scene and accelerate the financial marketplace’s operation.
Customer experience communications platform Zenvia raised US$ 150 million in its IPO. In a parallel operation, it received an injection of resources by cloud communication company Twilio. The transaction added another US$50 million to Zenvia.
The e-commerce software platform VTEX raised US $361 million in an initial public offering in the US above the indicative price range. The IPO gives the company a market value of around US$3.6 billion.
Proptech EmCasa raised R$ 110 million in a round led by Globo Ventures, Igah Ventures, Flybridge, monashees, Maya Capital, Pear Ventures, NBV and ONEVC.
SoftBank led a R$ 175 million funding round in Cobli, a Brazilian logistics startup. Qualcomm Ventures joined the fundraising, as well as current Cobli shareholders including Valor Capital.
Brazilian clothing retailer Lojas Renner set an agreement to purchase online second-hand clothing sales platform Repassa, aiming to boost Renner’s continuing efforts to improve its environmental impact.
Celcoin, one of the largest Open Finance platforms, received an investment of R$ 55 million. The round marked the first investment by Torq Ventures, Sinqia’s CVC program, and also included the participation of Vox Capital and boostLab, BTG Pactual’s technology business hub.
Duratex invested RS$ 103 million for a minority stake in ABC da Construção, a retail building materials company that increases product margins and drives logistical efficiencies with its proprietary digital platform. Other investors include FIR Capital and Redpoint eventures.
BayBrazil Impact program is in its 4th month. Startups founders have been participating in both individual & group mentorship sessions with entrepreneurs, tech leaders, investors.
Recently they joined conversations with AWS LatAm team and Marcos Pereira, Partner in the global private equity impact firm Lightrock.
Mercado Bitcoin, Brazil’s first crypto exchange, raised US$200M from SoftBank in Series B funding. The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at US$2.1 billion, ranking it among the top 10 unicorns in Latin America.