In June of 2021, Brazilian fintech companies received record amounts of funding by both local and global investors. Among the largest investments, payments company EBANX received $430 million by funds managed by Advent International. We wanted to find out about the company’s plans so, we reached out to Paulo Shargorodsky, VP of Global Merchant Success…
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Here are the highlights on Brazil’s tech and business scene in June: June 29 Gympass, the exercise and corporate wellness unicorn, announced a US$220 million Series E. This round, which doubles the company’s valuation to US$2.2 billion, includes participation from SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek Ventures and Valor Capital. June 28 JPMorgan makes…
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Latin American IoT startup founders received a welcoming news on May of 2021: a group of investors launched the sector’s very first dedicated fund in the region. Fabio Iunis de Paula, Co-founder and Managing Partner at Indicator Capital, gives details on the initiative and explains why companies in the region are competitive enough to acquire…
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Here are the highlights on Brazil’s tech and business scene in May: May 27 São Paulo-based protech startup Quinto Andar closed a $300 million Series E led by Silicon Valley-based Ribbit Capital. With the new funds, the company now is valued at $4 billion. May 24 Latin America pioneer tech VCs Hernan Kazah and Nicolas…
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Indicator Capital, BNDES and Qualcomm Ventures launch the first fund in Latin America with a focus on Internet of Things (IoT) May 2021 – Indicator Capital, the National Bank for Economic and Social Development (BNDES) and Qualcomm Ventures LLC announced today the launch of the early-stage venture capital fund Indicator 2 IoT FIP Fund, with a…
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In 2003, Brian Requarth got in his car and drove from his hometown in California to Costa Rica, crisscrossing through Mexico and Central America, eventually making his way to Colombia. It was a life-changing 6-month experience that made him fall in love with LatAm and identify unique opportunities for businesses in the region. After starting…
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Here are the highlights on Brazil’s tech and business scene in April: April 29 Some new Brazilian names have joined the global superrich, and their ascent to fortune amid bleak times is a tale of a nation in transition. New faces at the top are part of an emerging economy built on digital technology and…
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Brazilian businesses are having to adapt as the country faces the pandemic’s second year with a surge in Covid19 infection and deaths. Professor Heiko Spitzeck, Director of the Sustainability Research Center at Fundação Dom Cabral, led a study with several corporate leaders and shares some of his findings with us, including his perspective for economic…
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Jurados do Brasil e do Vale do Silício selecionam 4 startups para Programa de Impacto Um total de vinte e duas startups se cadastraram através das redes parceiras para concorrer a três vagas no programa de Impacto Social do BayBrazil. O time de jurados selecionou as finalistas e sete startups participaram da sessão de Pitch no dia 25…
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Here are the highlights on Brazil’s tech and business scene in March: March 30 Startup Hotmart, an online courses platform, announced round of R$ 735 million raised last year, and it’s now in Brazil’s unicorn list. March 25 Seven startups participated in the BayBrazil Impact program March 25th pitch session. The program aims to support…
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Here are the highlights on Brazil’s tech and business scene in February: Feb 28: Delivery startup Loggi raises $205 million. The company’s largest round to date was led by CapSur Capital and included renowned Brazilian hedge fund manager Luis Stuhlberger’s Verde Asset Management among the backers for the first time, the firm said. Feb 24…
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Here are the highlights on Brazil’s tech and business scene in January: Jan 28 Nubank raised US$400M Series G at US$25 billion valuation, becoming the fourth most valuable financial institution in Latin America. The round was led by both private and public investors including current investors Singapore’s GIC, Whale Rock, and Invesco. Other current…
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