Aug 30 CEOS of Brazilian corporations show “moderated optimism” for 2024. Gathered in São Paulo for the Valor 1000 awards, executives represented the largest companies in the country with combined net revenue of R$7.4 trillion. Aug 30 Early-stage venture capital fund Atlantico released its 2023 LatAm Digital Transformation Report. It brings the major trends that are transforming…
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July 31 Private equity, venture capital and corporate VC firms invested a total of R$ 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…
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June 30 Tech park in the northeastern coast of Brazil plans to train 50K people from underserved communities by 2050. “Porto Digital is the Quixotic tech hub that actually worked”. June 28 American giant Visa acquired Brazilian fintech startup Pismo for one billion. The deal makes Pismo the first unicorn of 2023 in Brazil. June 28…
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May 30 Digibee, an integration platform as a service, raised a Series B round of BRL 300 million, led by Goldman Sachs Asset Management and with the participation of K Fund, Vivo Ventures, Kinea and G2D Investments. The funds will be used to continue the startup’s expansion across Latin America and increase its share of…
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April 26 Early-stage VC fund Indicator Capital announced it raised an additional R$ 93 million to invest in I0T and connectivity. With the new capital, the fund reached a total of R$ 333 million. April 26 In their latest meeting, BayBrazil partners and executive members discussed the hottest artificial intelligence technologies. The conversation brought together founders…
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March 28 Comp, a startup that offers a remuneration and benefits database for the HR sector, received a contribution of R$ 14 million. The round was led by Kaszek, with participation from Canary, Norte and 1616 funds, in addition to 40 angel investors. March 28 SP Ventures prepares US$ 80 million fund for agtechs. Startups that…
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On April 26, 2023, BayBrazil partners and executive members joined an exclusive conversation on the hottest artificial intelligence technologies. The meeting brought together Brazil & Silicon Valley-based founders of AI-focused startups, data science engineers and investors to exchange views on applications of language models concepts that are setting record on user growth and impacting business…
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Feb 28 Brazilian corporations and startups laid off over 2,700 employees this month. At neobank Neon and online language school Fluency Academy, 200 workers were impacted in each company, according to LayoffsBrasil. The list also includes Google, PetLove, C6 Bank, Loggi and others. Feb 24 inDrive, the global mobility and urban services platform which has…
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A wave of layoffs has sharply hit startups and corporations across the U.S. According to Crunchbase, over “58,000 workers in U.S.-based tech companies have been laid off in mass job cuts” as of January 27, 2023. With the global economic downturn and signs of recession, layoffs stretched well beyond the U.S. In Brazil, tech companies have slashed 5,6 thousand…
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Here are the highlights on Brazil’s tech and business scene in January: Jan 30 Fintech Paketá, specialized in credit services, received R$ 16 million in the extension of the Series A round. The investment was led by smart tech IOB and followed Kinea, CVC of Banco Itaú, which recently added a total of R$ 43…
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Here are the highlights on Brazil’s tech and business scene in December: Dec 29 Brazilian health group Dasa invested an undisclosed amount on GoGood. Headquartered in Santa Catarina, the startup offers reward-based employee health, wellness programs It’s app provides healthy habits for its 25K+ clients to manage fitness, eating, sleep and stress. Dec 27 Former Formula…
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2021 LabsNews, Nov 2021, BayBrazil reconvenes for first Silicon Valley summit since 2019 as venture investment and digital acceleration in LatAm booms Epoca Negócios, Nov 2021: Para gestora de fundos, é preciso acabar com os mitos em torno das criptomoedas no Brasil Época Negócios, Nov 2021: Como o PayPal usa o design para manter…
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