Here are the highlights on Brazil’s tech and business scene in June:
Swiss VC Bulb Capital invested US$7 million in Amaro, a Brazilian fashion label and e-commerce platform.
Linx, a Brazilian provider of POS/ERP connectivity software and payment services, raised US$308 million in a global offering of 32.8 million shares/ADSs at NYSE. The company sold an additional 3.5 million shares on the offering or 12% more than expected.
BayBrazil annual conference #8 featured in Brazilian business magazine Epoca Negocios.
The article mentioned leaders from Google, GGV, Softbank, Movile, Astella, Redpoint eventures and other companies that will join the 2019 edition on Aug 22nd.
Feegow Clinic received investments of R$ 20 million from DNA Capital, a health fund in Latin America. The company offers a clinic management system via the web.
Softbank leads a US$300 million investment in the Brazilian startup Gympass. “We really want to create Fortune 50 companies from Latin America. There’s been a lack of capital to help entrepreneurs in the region think bigger, and that’s why we’re here”, said Shu Nyatta, Partner at Softbank, who will speak at BayBrazil’s annual conference on Aug 22nd.
Brex, a San Francisco-based fintech founded by Brazilian entrepreneurs, raised US$100 million in funding and reach US$ 2,6 billion valuation. The round was led by Kleiner Perkins Digital Growth Fund, other investors in the round include the Y Combinator Continuity Fund, Ribbit Capital and DST Global. The plans are to move beyond corporate cards for startups. Saurabh Gupta, DST Global Managing Partner, will also join BayBrazil’s conference on Aug 22nd.
Neoway, startup of artificial intelligence and data analysis, bought LegalLabs startup for US$26 million and will offer legal services.
In Loco, a geo-precision startup raised US$ 20 million investment in a Series B led by Valor Capital and Unbox Capital.
BTG Pactual acquired 65% of the capital of Brazil’s startup Resale, which is responsible for a sales platform of real estate repossessed in real estate loan guarantees.
Logistics startup Loggi raised US$ 150 million and became the latest Brazilian unicorn. The new round was led by SoftBank, joined by GGV Capital, Fifth Wall and Velt Partners, and Microsoft.
Grow Mobility has merged with payments startup Flinto. Grow Mobility was created by the merger of electric scooter startup Grin and bike and scooter-share startup Yellow. The company operates more than 135,000 micromobility vehicles across six countries.
Brazilian electronics and appliance retailer Via Varejo launched a digital bank targeting low-income clients in partnership with Boston-based startup Airfox. The partnership with Airfox started in September last year, in a deal that gives Via Varejo the option to acquire up to 80 percent of the startup in the next three years.
SoftBank invested US$200 million in the Brazilian fintech Creditas and set the startup valuation at US$700 million. The startup has pioneered the market for guaranteed loans in Brazil, a niche practically unexplored by the Brazilian big banks.