Here are the highlights on Brazil’s tech and business scene in November:
São Paulo-based startup Housi joined Redpoint eventures’ portfolio with an investment round of R$50 million. Housi receives, manages, and leases real estate through its platform.
Brazil included in the Global Entry Program. 20 Brazilian executives will start testing program. According to the U.S. Travel Association, 2 million Brazilians travel to the U.S. annually.
Softbank invested US$140 million in e-commerce software provider VTEX, together with Brazilian funds Gavea Investimentos and Constellation Asset Management.
Neon, which operates a digital bank in Brazil, raised US$94 million in funding in a round led by Banco Votorantim and General Atlantic. Washington, D.C.-based Quona Capital, Propel Venture Partners, Omidyar Network, and Monashees also participated in the round.
Fast-growing Brazilian brokerage XP files for an estimated $1 billion US IPO at Nasdaq.
Época Negócios analyses the tech Brazilian ecosystem and talked with investors. Brazil has more unicorns than Israel, a country known as Startup Nation. With funds investing in Latin America and low interest outlook, more startups are expected to reach US$ 1 billion valuation.
Redpoint eventures led an investment of US$ 1.2 million at Vittude with the participation of venture fund Superjobs. The Brazilian healthtech developed an online therapy platform to be used as an employee benefit to corporates.
Brazilian startup Mediação Online received US$ 3.5 million investment from Redpoint eventures and Canary. The startup specializes in resolving conflicts between individuals and companies through an online platform.
Brazil’s fintech mobile phone insurance company Pitzi received a received a $ 60 million investment in a round led by QED Investors, WTI, Valiant Partners and Thrive Capital.
Kovi, a fast-growing 17-month-old Brazilian mobility startup, has raised a $30 million Series A led by Global Founders Capital. New investor Quona Capital and existing investors Monashees, Maya Capital, Accel partner Kevin Efrusy, Y Combinator, Broadhaven Ventures, Tinder founder Justin Mateen and ONEVC also participated in the financing.
Itaú acquired 51% of Zup for R$293 million (over US$73 million). Specializing in growth hacking and software development, Zup will collaborate with Itaú to develop new digital projects and services for the bank’s clientele.
Stanford, Apple, Google, where hundreds of BayBrazilians study/work, are the top 3 largest landowners in Silicon Valley. A look into the region’s real estate development and housing crisis.