Here are the highlights on Brazil’s tech and business scene in June:
June 26
Hi Technologies, a Brazilian healthcare startup, will receive an investment of R$ 14.7 million from VC funds Monashees and Qualcomm Ventures, according to the statement released by Positivo Tecnologia, who bought 50% of Hi Technologies in 2016.
June 25
Linx acquired Digital Commerce Group, a company specialized in e-commerce platforms and owner of EZ Commerce, Core and Octopus, for a total of R$ 67 million.
June 20
Quero Educação, a Brazilian company that develops solutions to connect students and educational institutions, was one of 20 participants in a US$ 4 million investment in Lambda School, a Silicon Valley startup with a different funding approach of Education.
June 19
Kroton announced a partnership with Cubo Itaú to invest and support startups in the education sector. The education company will sponsor a floor of the new headquarters of Cubo, in São Paulo, dedicated to the development of edtechs.
June 19
Brex raised $50 million in new investment, bringing its total funding to US$57 million. Led Brazilian founders of Pagar.me, Brex is a San Francisco-based fintech that offers a corporate credit card for startups. PayPal founders Max Levchin and Peter Thiel contributed to the Series B financing round, in addition to VC firm Ribbit Capital, early Facebook investor Yuri Milner and former Visa CEO Carl Pascarella.
June 14
Flapper, the first executive aviation marketplace in Brazil, received a seed investment of R$ 3 million. The round was led by the Confrapar technology fund and Venture Capital Venture Capital Ventures.
June 12
Bluepex has just joined the Criatec 3 Fund portfolio, created by BNDES and managed by Inseed Investimentos. Bluepex will receive investments up to R$ 6 million.
June 12
ContaAzul, a startup that offers a cloud system for small business management, acquired the Wabbi, the startup responsible for creating an accounting system also in the cloud. This is the first move of ContaAzul after the investment of R$ 100 million from private equity fund Tiger Global, last April.
June 8
The Gaveteiro, B2B e-commerce focused on maintenance, repair and operations, received a new investment of R$ 15 million, achieving a total of R$ 35 million in investments in six years. The new investment was made by Alberto Hauser, a shareholder of ABX Group, one of Mexico’s largest steel distributors, and Valiant Capital, Thomasnet.com and Battery Road Digital Holdings.
June 8
BayBrazil and partners Banco Itau & Grupo SEB were featured at business magazine Epoca Negcócios. The piece covers how BayBrazil is connecting both startups and large corporations in Silicon Valley & Brazil.
June 7
In the last 15 months, Google invested R$ 700 million in Brazil. During this period, the company invested in more projects simultaneously and made the biggest investment since starting operations in the country, a decade ago.
June 6
B3, the Brazilian Stock Exchange, made an undisclosed investment in Redpoint eVentures fund. The investment was made through Foresee, a B3 innovation program.
June 6
Intergado, a startup focused on the precision livestock market, received a R$ 10 million investment from Fundo Criatec 3, created by BNDES and managed by Inseed Investimentos.
