July 31
Private equity, venture capital and corporate VC firms invested a total of R$ 6,47 billion in Brazil between April and June of 2023.
That represents a 23% growth compared to the previous quarter.
July 26
Arena Hub, a center for innovation and promotion of entrepreneurship in sports, announced the launch of Sports Angels, a fund to invest in seed and pre-seed sportstechs. The fund will be managed by Slat Ventures from its micro venture capital arm SLAT Catalyst.
July 24
VoltBras, a company specialized in managing charging stations and charging electric vehicles, raised R$ 12 million new round led by MSW Capital, BR Startups’ corporate venture capital manager.
July 20
Positivo Tecnologia, through its Equity Investment Fund (FIP), announced an investment of R$ 32 million in Earth Renewable Technologies (ERT), a Brazilian company focused on the production of plastics based on biopolymers. The startup has been operating in Brazil since 2021 and is already the largest in the compostable bioplastic sector in Latin America.
July 18
Enjoei acquired the e-commerce platform for personalized products Elo7. The value of the transaction was not disclosed. Elo7 currently has 50,000 active sellers, adding a growth of 76% to Enjoei’s seller portfolio.
July 17
Vale Ventures, the investment arm of the world’s largest iron ore producer Vale, acquired a minority stake in Allonnia, a transformational biology startup based in Boston (USA). According to Vale, Allonnia’s technology has the potential to revolutionize some mining processes.
July 12
The logtech Cobli received an investment of R$ 100 million led by IFC, International Finance Corporation, a member of the World Bank Group, and by the Fifth Wall manager. With this new round, the startup adds up to around R$ 350 million already invested since its foundation. Currently, Cobli monitors 5 thousand companies and 100 thousand vehicles.
July 7
Tera, a digital education platform, raised R$ 10 million from X8 Investimentos, a growth capital fund manager. With these resources, the startup aims to reach the mark of 50,000 active students and 500 client companies by 2025.
July 5
Turbi, a 100% digital car rental company, raised R$ 80 million in an investment round led by EXT Capital with participation of Solis Investimentos, Jive Asset Management, Banco Daycoval, TMF and Oliveira Trust.
July 4
Unifique, a telecommunications company, acquired the internet provider Naxi for R$ 35.1 million.
July 5
OLX Brasil acquired Altimus, a digital services company for dealerships and resellers management.
News gathering by Thais Chertman
