Here are the highlights on Brazil’s tech and business scene in October:
Locaweb acquired Startup Vindi for R$ 180 million. Vindi is SaaS company that processes and manages recurring payments for companies and will complement Locaweb’s payment solutions.
Via Varejo acquired i9XP for an undisclosed value. The startup is specialized in e-commerce and will contribute to accelerate the number of new sellers into Via Varejo’s marketplace.
BizCapital, a Brazilian fintech that provides financial solutions for small and medium-sized enterprises, has added investment of US$ 3 million from Oikocredit to its Series B, bringing the company’s total Series B round to US$ 15 million.
Fintech Asaas, a startup that develops a digital account for entrepreneurs, received an investment of R$ 37 million. The round was led by the investment fund Inovabra Ventures and joined by Parallax Ventures.
Pier has raised US$ 14.5 million in a series A round led by the Monashees fund with the participation of Canary, Mercado Livre and BTG Pactual. Pier is an insurance platform for cell phones and cars, that uses artificial intelligence to streamline refunds.
Transfero Swiss received an investment of R$ 40 million from Alameda Ventures. The company founded by Brazilians, with headquarters in Brazil and Switzerland, offers international financial solutions based on Blockchain technology.
Afya, a group that focuses on health education, announced on October 13 the purchase of iClinic, a healthtech company, for US$32.9 million. iClinic uses Software as a Service (SaaS) for doctors and was mainly used in Brazil.
Brazilian health tech Sami raises an RS$ 86 million round, the biggest Series A funding round ever raised for a health startup in Latin America. The new Series A funding round was led by Valor Capital and monashees and included the participation of Redpoint eventures and Canary. The startup plans to become a health plan operator in Brazil.
Brazilian startup Take received an investment of US$ 100 million led by the American private equity fund Warburg Pincus.
Nuvemshop CEO envisions massive disruption in commerce with about 90% of retail will be somehow tech-enabled. The company has offices in São Paulo, Buenos Aires, Mexico City, and plans to expand into Colombia and Peru. Its new round came from previous investor Kaszek Ventures, new lead investor Qualcomm Ventures, others.
Cortex announced Riverwood Capital as co-leader of its investment round, initiated by Softbank Group Corp in June this year. Redpoint eventures and Endeavor Catalyst, also joined the round, totaling an investment now of R$ 170 million.