May 29 Global venture capital funds raised only $26 billion in the first quarter of 2025, marking the lowest level for the period since 2017. This represents a 16% drop compared to the $31 billion raised in early 2024. While global VC fundraising hit its lowest level since 2017, Brazil bucked the trend by attracting…
Details
Feb 26 Startup Capim, which offers buy now, pay later (BNPL) services for dental care, raised $26.7 million in a Series A co-led by Valor Capital and QED Investors. Founded in July 2021, Capim provides a specialized operating system to help dentists digitize and manage their clinics, aiming to increase revenue. The company’s software facilitates digital…
Details
Jan 29 Moove, a mobility fintech company backed by Uber, has acquired Brazil’s Kovi, a vehicle subscription startup, in a deal that increases Moove’s annual recurring revenue to $275 million. The strategy aims to expand the company’s presence in Latin America, enhance its fleet management capabilities and strengthen Moove’s position in the mobility fintech sector.…
Details
Dec 25 Food to Save’s acquisition of platform “Fruta Imperfeita” represents its first financial deal aimed at scaling operations. The strategy aims to triple revenue by leveraging new resources and expanding the company’s reach in the food rescue market. Dec 19 MinusSugar, a biotech startup founded by a Brazilian team in Miami, raised US$2.5 million…
Details
Nov 27 A new fund aimed at advancing neurotechnology. Neuroscientist Miguel Nicolelis and investor Flavio Pripas, formerly executive of Cubo Itaú and Redpoint eVentures have joined forces to create a groundbreaking US$200 million fund focused on supporting startups that are developing cutting-edge technologies in neuroscience, brain-computer interfaces, and related fields. This initiative seeks to contribute to…
Details
Oct 31 Crescera Capital announced it raised R$ 300 million for its 4th fund. The plan is to invest in 25 companies, from seed to Series A, over the next 4 years. Oct 29 Digital lender Nubank announced it will launch a mobile phone service called NuCel in the coming months, expanding its operations beyond financial services.…
Details
Sept 27 Gibb, a fintech specializing in on-demand salary solutions, has secured a R$ 30 million investment from SRM Ventures. With the investment, the company aims to benefit one million employees, in one thousand companies, by the end of 2025. Sept 26 Microsoft has announced a R$14.7 billion investment in Brazil over the next three…
Details
Aug 26 Google has announced the creation of a new engineering center in São Paulo, located at the Institute for Technological Research (IPT) of USP (University of São Paulo). Construction will begin next week, with the opening scheduled for January 2026. The center will focus on innovation in security, privacy and solutions that can be…
Details
July 30 Brazil’s government unveiled on Tuesday a 23 billion reais ($4.07 billion) proposal for an artificial intelligence (AI) investment plan aimed at developing sustainable and socially-oriented technologies. It will be disbursed from 2024 to 2028. The proposed investment plan foresees resources for “immediate impact initiatives” in sectors such as public health, agriculture, environment, business and…
Details
Brazilian Founders – leveraging AI in startups When: Aug 14th, 5:30pm-8:30pm Location: Coursera headquarters, Mountain View Format: happy hour followed by conversation with tech founders & jam session with American & Brazilian musicians AI-driven startups are reviving venture capital funding in the U.S. Quarterly data from PitchBook shows that VCs invested $55.6 billion in startups, a 47%…
Details
June 28 Former CEO of retail giant Americanas was arrested in Madrid. Miguel Gutierrez is part of an investigation into a $4.5 billion alleged accounting fraud. June 27 Giftback and advertising services CRMBonus raised an additional R$55 million in its Series B round bringing its valuation to R$2.2 billion. Vivo Ventures and Industry Ventures participated…
Details
The devastating floods in southern Brazil have impacted 2.3 million people. Rains that started in late April swelled rivers and lakes causing the greatest devastation in Rio Grande do Sul in recent years. 169 people have died and 600.000 have been displaced. Floodwaters have receded but the situation remains challenging as last week’s rainfall caused…
Details