The past few months have been a rollercoaster for startups across the world. According to Crunchbase, global venture funding in 2022 totaled $445 billion, 35% lower than the previous year. And, the prospects for 2023 aren’t encouraging. In the U.S., a Bloomberg survey found that “economists say there is a 7-in-10 likelihood that the US economy will sink into a…
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Feb 28 Brazilian corporations and startups laid off over 2,700 employees this month. At neobank Neon and online language school Fluency Academy, 200 workers were impacted in each company, according to LayoffsBrasil. The list also includes Google, PetLove, C6 Bank, Loggi and others. Feb 24 inDrive, the global mobility and urban services platform which has…
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A wave of layoffs has sharply hit startups and corporations across the U.S. According to Crunchbase, over “58,000 workers in U.S.-based tech companies have been laid off in mass job cuts” as of January 27, 2023. With the global economic downturn and signs of recession, layoffs stretched well beyond the U.S. In Brazil, tech companies have slashed 5,6 thousand…
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Here are the highlights on Brazil’s tech and business scene in January: Jan 30 Fintech Paketá, specialized in credit services, received R$ 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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BayBrazil annual conference videos are out. The two-day 10th edition was held at Stanford University and at the iconic SRI International, the birthplace of some of the world’s most important innovations. Watch videos here. Here are the highlights on Brazil’s tech and business scene in November: Nov 30 Crypto regulation: the Brazilian House of Representatives approved…
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BAYBRAZIL ANNUAL CONFERENCE EDITION #10 BAYBRAZIL IS PROUD TO PRESENT THE 10TH EDITION OF OUR ANNUAL CONFERENCE! On Oct 20 & 21st BayBrazil signature event will bring together entrepreneurs, investors, and private-sector leaders to discuss science, technology, innovation & Brazil’s role in the global economy. Take a deep dive into the latest tech trends across industries…
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Here are the highlights on Brazil’s tech and business scene in October: Oct 26 Cortex acquired Geofusion, a company that operates in the geomarketing segment. The deal comes in the wake of Cortex R$260 million series C round, led by Lightrock with participation of SoftBank Latin America Fund and Riverwood Capital. Oct 21 Trocafone, a…
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Here are the highlights on Brazil’s tech and business scene in September: Sept 29 Cortex, a big data analytics platform for marketing and sales, has just raised R$ 260 million in Series C round led by Lightrock, the late stage manager that has already invested in names like Buser, Creditas and Dock. Softbank and Riverwood,…
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Here are the highlights on Brazil’s tech and business scene in August: Aug 26 Staged Ventures, an investment fund manager, co-founded by Camila Farani, Geraldo Neto and Flavio Pripas, raised US$ 5.2 million, consolidating a secondary investment in the startup Digibe, a cloud platform that accelerates systems integration projects. Aug 25 Insurtech Latú received $…
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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,…
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