Here are the highlights on Brazil’s tech and business scene in September:
Bom Pra Crédito raised approximately US$8.4 million in its fourth funding round. Grupo Globo, the largest media and communication conglomerate in Latin America, led the investment that purchased minority stakes in the company.
Cubo Itau innovation center celebrated four years and announced its numbers: resident startups received more than R$ 480 million in investments over the past two years and earned more than R$ 540 million in 2019.
The recruiting startup Revelo raised a US$15 million Series B round led by the IFC. This is the largest round raised by a HRtech startup in Latin America to date, and the first Series B of that sector in Brazil.
Vostok Emerging Finance led a US$ 13 million Series B investment in Xerpa, a Brazilian HRtech. Current investors QED, Kaszek Ventures and Redpoint eventures also participate in this round.
Brazilian Online Home Goods Platform MadeiraMadeira raised US$ 110 million In SoftBank-Led Round. Light Street Capital also participated in the latest funding round along with existing investor Flybridge Capital out of Boston.
Ambar acquire three startups with solutions in the industrialization and digitization of the construction sector – Polar, Conaz and Controller. With the investment of R$ 50 million, it consolidates itself as one of the largest construtechs in Latin America.
Liv Up, Brazilian startup focusing on healthy eating, received an investment of R$ 90 million, led by the US investment fund ThornTree Capital Partners. Kaszek, Spectra and Endeavor Catalyst also joined the investment.
QuintoAndar, the Brazilian real estate technology developer, has secured a massive US$250 million Series D led by SoftBank and entered unicorn territory. Dragoneer also participated, as well as return investors General Atlantic and Kaszek.
InstaCasa, a startup that uses augmented reality to present possibilities of construction, has just received a first round of investments of R$ 700,000. The investment was led by Gávea Angels and Construtech Angels.
Inovabra Ventures has R$ 400 million in its own funds that already represents 40% of Bradesco’s private equity investments. So far, R$ 74 million of the total committed have already been effectively disbursed. The typical investment value is between $ 1 million and $ 5 million per startup.
São Paulo-headquartered Base Partners raised around US$135.4 million for its second growth-stage venture capital fund. According SEC filing, 43 limited partners backed the new fund.