Here are the highlights on Brazil’s tech and business scene in July:
June 29
Got recession?
Despite slowing hiring, Meta and Google, which employ hundreds of Brazilians in the Bay Area, are still “moving forward with major office expansions” in Menlo Park and San Jose.
July 25
Population on the move.
Here are two articles discussing the trend, which has impacted some BayBrazilians.
July 21
Darwin Seguros, an insurtech that offers an online ecosystem of insurance and financial services, received a Pre-Series A round of BRL 43 million, led by Banco BV’s CVC with participation from
Invisto Capital and the Heilberg brothers, founding partners of HIX Capital.
July 20
B Capital Group, the investment firm led by the Brazilian Facebook co-founder Eduardo Saverin, Howard Morgan and Raj Ganguly raised US$250 million from outside investors for its early stage venture capital fund, Dubbed Ascent Fund II. The fund aims to invest in pre-seed through Series A startups across the U.S. and Asia.
July 19
Educbank, a startup that helps elementary schools receive tuition on time, raised R$ 200 million in a round led by Vasta, the education systems company controlled by Cogna. Series A was accompanied by Marrakech Capital, a Brazilian alternative investment manager that had already contributed seed money to Educbank.
July 19
Clique Retire, the leading startup in smart locker operations in Brazil, raised BRL17 million in a round led by GLP Brasil, which specializes in managing investments in logistics real estate, and by one of the funds managed by Itaú Asset.
July 19
Appito, sports app startup, received a new investment of BRL 27 million.
The round brought together VC funds Iporanga, Global Founder Capital (GFC) and Inteligo Bank, to invest in computer vision technology to enable analysis of player data and statistics that are used to create an enhanced gaming experience.
July 16
Data monetization will be the “economy’s next megacycle”.
Brazilian entrepreneur André Vellozo, CEO of Palo Alto-based data platform DrumWave predicts that big banks and big tech will collide as data is the new currency.
July 8
Brasilia is first city to get 5G coverage in Brazil. The city will serve as a pilot for the release processes for other capitals as it already has the necessary operating conditions, according to telecommunications agency Anatel. The technology is expected to be available in other capitals by late September.
July 8
VC funding slows down in first semester of year and, according to Sling Hub, LatAm startups raised the lowest volume since Feb of last year. In the month of June alone Brazilian startups raised US$ 410 million, 81% less compared to same period in 2021.
July 8
Fintech Creditas raised US$200 million from investors and is buying the Brazilian banking license of Andorra’s Andbank and will begin accepting deposits. The fintech also bought a mortgage marketplace Kzas, allowing it to offer home loans from other lenders alongside the ones it already originates.
Last but not least, BayBrazil announced the 10th edition of its annual conference, Oct 20-21, 2022.
Save the date for an in-person dialogue with tech leaders from Brazil and the U.S.
News gathering by Thais Chertman
