Here are the highlights on Brazil’s tech and business scene in September:
Supply management software Neogrid acquired e-commerce solutions Lett for R$38 million.
MercadoLibre and venture capital fund Kaszek announced the creation of a special-purpose acquisition company to invest in digital businesses in Latin America. The company, dubbed Meli Kaszek Pioneer, has already applied for registration with SEC for an IPO of 25 million.
Brazil-based insurance startup Pier raised a US$20 million investment, led by Raiz Investimento. Currently, Pier sells insurance for smartphones and cars through a digital platform and seeks regulatory approval to expand into the auto sector and life and home insurance.