Latitud announces the first closing of its 2nd fund with both regional and global investors such as a16z, Nubank, iFood, Mercado Livre and others.
It comes nearly two and a half years after the launch of Fund I that invested in 100+ early-stage startups across Latin America.
San Francisco-based B2B payment startup Slope, YC S21, co-founded by Brazilian Lawrence Lin Murata, raised a new $30 round with participation of OpenAI’s Sam Altman.
SRM Ventures, the venture capital arm of SRM Asset, announced an investment of R$40 million in Drip, a fintech that uses Pix in installments as a solution. The companies also signed a partnership in which Drip will use the WeFin platform, SRM’s technology arm, in credit operations.
Artifact was launched last January by Instagram co-founders Kevin Systrom and Brazilian Mike Krieger.
M&A Brazil: Equipment manufacturer WEG has acquired the industrial electric motor and generator business of U.S.-based Regal Rexnord Corporation. The largest acquisition in the company’s history is expected to be worth $400 million and will open up space in strategic markets such as North America and Asia-Pacific, where the company is gaining strength, especially in China and India.
Gringo, the startup trying to create the ‘driver’s super app’, raised R$150 million in a round that will accelerate the growth of its user base and allow new services to be plugged into the platform. The fundraising was led by Valor Capital and had the participation of all previous investors, including Kaszek Ventures, ONEVC and VEF.
Daki received a US$ 50 million in a series D round by Convivialité Ventures, an investment arm from Pernod Ricard. The funding round also had the support of Lombard Odier and existing investor such as G-Squared , GGV Balderton Capital, Greycroft, Tiger Global and Monashees.
A very sad news for the entire BayBrazil community.
Luiz Barroso, Brazilian engineer at Google, Mountain View campus, has died.
We got to know him in 2013, had the privilege to hear him and his guitar at our conference at Stanford, where he played along with Caio Villela.
An amazing human being who will be much missed.
Rocket.Chat, a startup that provides an open-source chat platform, announces an investment of US$ 10 million. The Series A “bridge” was led by Alexia Ventures, Endeavor Catalyst, Endeavor Scaleup Ventures, Bob Young (Founder of RedHat), NEA and Valor Capital Group, in addition to investors such as Greycroft, Monashees, DGF, and Graphene.
Mottu, motorcycle rental startup, raised US$ 50 million in series C funding led by QED Investors and Bicycle Capital, and included the participation of Endeavor Catalyst and Caravela.
Finep launched an investment fund for startups to be managed by KTPL Investimentos.
Fretadão, a charter transport management platform for companies, received an investment of R$50 million led by EXT Capital, a manager created from a spin-off of DOMO Invest. The amount will allow it to expand the business model through the purchase of buses, minibuses and vans to be rented by operating partners.
Nagro, startup focused on agribusiness, reached R$245 million in investments in 2023. The amount was recorded with the end of a Series A fundraising round, with the participation of funds Kinea Ventures, from Kinea, and Revolution, from Oasis Ventures.
Banco do Brasil invested R$7.2 million in agtech iRancho, which offers livestock management technology. The contribution was made through the corporate venture capital fund BB Ventures, managed by MSW Capital.
News gathering by Thais Chertman