Here are the highlights on Brazil’s tech and business scene in March:
Warren, Brazilian investment fintech founded by ex-XP Investimentos partners, received R$ 25 million led by Kaszek Ventures and Ribbit Capital. The fintech uses artificial intelligence to help clients to invest.
Brazil ready for business. This Forbes’ article talks about how the innovation ecosystem in São Paulo is evolving fast.
DogHero raised R$ 27 million series B investment led by the American dog care platform Rover and wants to establish the fastest leadership in Latin America.
Mexico’s telecom giant America Movil to buy Brazil’s Nextel, owned by NII (formerly Nextel International), for $905 million.
Loft, a Brazilian startup launched less than one year ago, has just raised US$ 70 million in a Series B and reached the value of US$ 370 million. Investors include the Series A investors Andreessen Horowitz, Thrive Capital, monashees, Canary, and individual investors as Max Levchin (PayPal), Eric Wu (OpenDoor founder), Joe Lonsdale (Palantir founder) and David Vélez (Nubank founder). The new investors include Valor Capital Group, Fifth Wall, QED, Hugo Barra (VP at Facebook) and Mike Krieger (Instagram founder).
US-based payment service provider First Data announced the acquisition of the Brazilian Software Express, specialized in electronic funds transfer solutions in Brazil for an undisclosed value.
Eight Brazilian machine learning startups selected to participate in Google Launchpad Accelerator.
After returning from a week in Sao Paulo and Mexico City, BayBrazil board member Andrew Tsao, Managing Director of Silicon Valley Bank, writes about LatAm growing momentum and high optimism in the innovation ecosystem.
“Latin America is on the cusp of becoming one of the most important economic regions in the world, and we anticipate significant growth in the decades ahead”, says the CEO of SoftBank. The Japanese conglomerate launched a $5 billion fund to invest in #LatAm tech companies.