Here are the highlights on Brazil’s tech and business scene in May:
May 26
Marvin, a Brazilian B2B payments platform has raised $15m in a Series A funding round led by early-stage venture capital firm Canaan. Existing investors Canary and Maúa Capital also participated in the round, as well as a number of angels. The funding marks Canaan’s largest investment in Latin America to date.
May 26
Enterprise digital e-commerce platform Vtex, which had its IPO on Nasdaq last July, lays off laid off nearly 200 employees, “11% of its workforce of 1,765 professionals”.
May 25
Vórtx, a capital market infrastructure fintech, acquired control of Basement. The platform manages long-term incentive programs and controls equity interests. The transaction’s value was not disclosed.
May 25
Speedbird Aero raised R$ 35 million in a round led by BJV and joined by previous investors Domo Invest and Nau Capital. The startup was the first company authorized by ANAC for commercial deliveries with drones.
May 18
BayBrazil latest in-person meetings with members, investors, founders of unicorn companies & more.
May 17
The Brazilian startup Tractian closed a $15 million Series A funding round led by Next47, with participation from Y Combinator and others. Using AI, the startup’s product monitors the status of machines and electrical infrastructure.
May 16
Nomad, the fintech that allows Brazilians to open a bank account in the United States digitally, raised a $32 million Series B round led by US venture capital fund Stripes and followed by monashees, Spark Capital, Propel, Globo Ventures and Abstract. Founded in 2019, Nomad wants to democratize global financial access for all Brazilians.
May 12
Dock, a platform for payments and banking services, surpassed the one-billion valuation in a week after raised $110 million in growth capital. The round was led by Lightrock, a global private equity platform, with Silver Lake Waterman. Also joined by the existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital.
May 11
Solfácil, which provides credit lines for installing solar energy, raised a $100 million Series C round led by US venture capital fund QED Investors and followed by SoftBank, VEF, and Valor Capital Group.
May 4
Mosyle, a mobile device management platform for Apple devices, raised a $196 million Series B round led by Insight Partners with participation from StepStone Group and previous investors including Elephant and Album VC.
May 2
With an investment of $23 million, Lightsmith Group led a $60 million round in agtech company Solinftec. The round also attracted investments from Unbox Capital and Circularis Partners, among others.
May 2
The Beautytech B4A received a new investment of R$ 30 million in a Series A round led by DXA Investimentos. B4A is a platform that connects consumers, brands and influencers in the beauty sector.
News gathering by Thais Chertman
