QI Tech raised a Series B round of US$200 million that will allow the banking as a service fintech to accelerate its growth through acquisitions. The investment was led by General Atlantic, which contributed around US$175 million. Other investors include Across Capital, which had already invested US$12 million in the company last year.
Mercado Bitcoin, through a Gear Ventures fund, invested R$10 million in cybertech Pacific Sec, a startup from Minas Gerais that makes diagnoses and strategies to shield companies from virtual attacks.
Monuv, a startup that offers SaaS and AI solutions for monitoring camera circuits, raised an additional R$8.5 million in a bridge round co-led by Indicator Capital and Invest Tech.
Vaas, a startup that develops technologies against financial fraud, raised R$10 million in a pre-seed, led by ABSeed. The business is focused on transactions related to the world of cryptocurrencies, but is also preparing to combat PIX’s scams. The company, which is still in the proof-of-concept phase with large companies, is only expected to officially launch its blockchain transactional monitoring platform next month.
SRM Ventures, the venture capital vertical of SRM Asset, received an investment of R$ 45 million in Parcela Mais, a financial solutions platform for the healthcare segment. With the investment, the healthtech will expand its operation to also serve legal entities and intends to exceed R＄100 million in credit origination by the end of 2024.
Oct 25 & 26
The agenda included visits to leading Silicon Valley companies and exclusive in-depth conversations with local AI experts.
Endeavor raised the Scale-Up Ventures II fund, an investment vehicle of US$15 million to support the best companies in its portfolio in Brazil, exceeding the initial objective of US$12 million.
Tidewise, startup specialized in technology solutions for the marine services sector, raised an investment round of close to USD$1.9 million. The financing was led by MSW Capital through their MultiCorp 2 fund, with the participation of significant investors such as Embraer, BB Seguros, Baterías Moura, and AgeRio.
UK fund manager abrdn sold its $9 billion European-headquartered private equity business to Brazil’s Patria. The British fund manager said Patria would pay $60 million pounds in cash upfront, with a further payment of $20 million pounds plus interest due two years after completion. A final $20 million pounds would be paid after three years, subject to the performance of the business.
Marcelo Claure, the former SoftBank Group Corp. executive, made a significant investment in Brazil’s EB Capital and became a company partner and vice chairman. EB Capital, based in São Paulo, has R$ 5 billion reais ($987 million) under management.
Nuvini, a software startup holding, started trading at Nasdaq. The debut on the stock exchange that concentrates technology companies was made via Spac. The IPO raised US$ 235 million.
News gathering by Thais Chertman