Here are the highlights on Brazil’s tech and business scene in November:
“This is the moment for LatAm”, says EBANX’s CEO Joao Del Valle.
In a recent interview he forecasts 30% growth per year until 2025 in Latin America, the region with the highest e-commerce growth in the world.
After months of being physically separated due to the pandemic, the optimism in the room was palpable at BayBrazil Summit. As Latin America’s tech ecosystem roars back, summit attendees agreed that the region has emerged more competitive than ever. Here’s a look at event’s major insights.
Nubank acquired Olivia, a tech and artificial intelligence (AI) startup that helps users plan their expenses and save money. With this acquisition, Nubank will integrate Olivia’s platform and services into their application as well as merge the two companies’ teams together.
Arco Educação, a Brazilian company focused on educational solutions, received an investment of BRL 825 million from investment funds Dragoneer Investment Group and General Atlantic Partners. The funds will be used by Arco Educação to accelerate its growth strategy.
São Paulo-based payments fintech CloudWalk announced a $150 million Series C round led by VC firm Coatue and becomes Brazil’s new unicorn.
Founder & CEO Luis Silva, who participated in the BayBrazil Nov 19 summit, said that part the funds will target global expansion.,
Omie, a Brazilian cloud-based SaaS ERP platform focused on mid-sized companies, acquired the digital bank Linker for BRL 120 million, incorporating Linker’s full operation. It followed the BRL 580 million round raised from SoftBank Latin American Fund in August.
Semantix, a Sao Paulo-based software maker, plans on going public after merging with a blank-check company focused on Latin American tech. The deal will give the firm an implied equity value of about USD 1 billion and allow it to pursue acquisitions and global expansion.
Brazilian social commerce marketplace Facily raised USD 366M across four different rounds over the last year, now valued at USD850 million. Most recently, Facily closed on a USD250 million Series D that was led by DX Ventures and Berlin-based Delivery Hero, with Citius as co-anchor investor.
VC firm Canary’s new $100 million fund will target Latin American startups.
CI&T IPO raised USD195 million at Nasdaq.
Freight management platform Frete.com has become Latin America’s newest unicorn after a funding round led by Japan’s Softbank. Other investors in the USD200 million round include Brazil’s BTG Pactual and Valor Capital and InterAmerican Development Bank’s investment arm.
The Brazilian startup isaac, which develops solutions for the financial management of private schools, raised USD125 million in a Series B round led by General Atlantic. Also signing the funding round were SoftBank Latin America Fund and venture capital firm Kaszek.
Brazilian health tech Memed has announced a new BRL 100 million funding round co-led by venture capital and private equity manager DNA Capital, Singapore-based global investment firm Temasek, and Fit Participações.