Here are the highlights on Brazil’s tech and business scene in November, a historic month when Movile’s iFood raised $500 million, the largest round for a tech startup in Latin America.
Creditoo, an online payroll loan platform for employees of private companies, announced an investment round of $ 1.2 million. The investment was led by Global Founders Capital and accompanied by Canary, a venture capital fund focused on investing in startups operating in Brazil.
General Atlantic led a US$ 64.18 million investment and acquired a stake in the Brazilian rental website QuintoAndar. The company’s third investment round includes QED Investors, Qualcomm Ventures, Kaszek Ventures and Ruane, Cunniff & Goldfarb.
Redpoint eventures invested in Repassa, Brazilian clothing resale marketplace. The partnership has as main objective the attraction of new clients.
The use of nontraditional criteria to assess risk. Article compares the startup Brex, founded by Brazilian entrepreneurs, with other startup corporate cards providers.
Brazilian food delivery firm iFood raised $500 million in capital, the largest funding round for a tech startup in Latin America. iFood’s latest investment involved existing backers Innova Capital, Naspers and Movile itself.
A recap of the Startup Battlefield Latin America.
VC firm, Monashees raised US$150 million for its eighth Latin America investment fund. Commitments came from Temasek, CreditEase, Instagram co-founder Mike Krieger, the University of Minnesota endowment and fund-of-funds investor Horsley Bridge Partners.
O Agente Imóvel, one of Brazil’s leading real estate advertising and data analysis and real estate evaluation platforms, announced a US$ 2 million investment agreement with Vostok New Ventures, a Swedish investment fund.