Here are the highlights on Brazil’s tech and business scene in May:
Santander InnoVentures led a US$5 million investment in the Brazilian fintech a55. The Brazilian startup specializes in loans for small and medium-sized businesses in the tech industry.
The Brazilian SaaS platform Accountfy announced a new round of US$6.5 million funding led by Redpoint eventures and HDI Seguros. The investment will accelerate the expansion of the company and the development of new features.
Brazilian retailer Via Varejo acquired the Boston based fintech Airfox for an undisclosed amount. They partnered in September 2018 to develop and launch “banQi,” a banking app that led to promising results.
Albert Einstein Hospital created a new test for the detection of COVID-19, which should increase the health system’s testing capacity. The technology was developed by Varstation, a genetic sequencing startup incubated at Eretz.bio, the hospital startups incubator.
The online therapy platform Zenklub announced an investment of R$ 16.5 million. The round is led by the Portuguese investment fund Indico Capital Partners and with the participation of European funds All Iron and 200M and Brazilian executives in the health market.
Brex raised US$150 million in a Series C extension from a group of existing investors, including DST Global and Lone Pine Capital. The startup co-founded by Brazilians has now amassed US$465 million in venture capital funding to-date.
Startup Gupy received an investment of R$ 40 million from fund manager Oria Capital. The recruitment and selection company plans to use the capital to perfect its technology for fully digital selection processes.
BayBrazil’s Tête-a-Tech dialogue series featured Brazil & Silicon Valley investors for a discussion on seed-funding during Covid19.
The Live was accessed by 843 people on Facebook and additional viewers in the following days. Stay tuned for the next ones.