Here are the highlights on Brazil’s tech and business scene in August: August 30 Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, raised about US$150 million (R$750 million) in a funding round led by Riverwood Capital. Tarpon, SoftBank, L Catterton, Porto Seguro and Monashees also participated in the round.…
The internet has radically changed the mass broadcast media industry and, as a result, the way businesses advertise and communicate with consumers. A recent study ranks Brazil fifth among countries with highest internet users. We wonder how new platforms such as TikTok and Instagram are transforming Latin America’s media landscape. Carlos Moreira offers insights on it, the new technologies…
Venture-backed Brazilian startups had their best half-year ever in 2021. Investments by local and global players surpassed $5 billion. To help us understand the main elements that is fueling this trend, we spoke with an entrepreneur-turned-investor. Back in 1998, Rodrigo Borges co-founded comparison shopping service Buscapé and participated in all investments rounds with Unibanco and Merrill…
Here are the highlights on Brazil’s tech and business scene in July: July 28 Pipo Saúde, which operates as a health insurance broker raised a RS$ 100 million new round, the largest Series A in the Brazilian healthtech market. New investors entered this investment, such as Thrive Capital, which led the round, and the Atlântico…
Concerned with the aggravated pandemic in Brazil, in early June of 2021, BayBrazil reached out to local tech leaders in our hub to sign letters to several U.S. Government officials requesting vaccine donations to the population of Brazil. 37 members in our community signed the letters (leaders of San Francisco Bay Area companies and our…
In June of 2021, Brazilian fintech companies received record amounts of funding by both local and global investors. Among the largest investments, payments company EBANX received $430 million by funds managed by Advent International. We wanted to find out about the company’s plans so, we reached out to Paulo Shargorodsky, VP of Global Merchant Success…
Here are the highlights on Brazil’s tech and business scene in June: June 29 Gympass, the exercise and corporate wellness unicorn, announced a US$220 million Series E. This round, which doubles the company’s valuation to US$2.2 billion, includes participation from SoftBank, General Atlantic, Moore Strategic Ventures, Kaszek Ventures and Valor Capital. June 28 JPMorgan makes…
Latin American IoT startup founders received a welcoming news on May of 2021: a group of investors launched the sector’s very first dedicated fund in the region. Fabio Iunis de Paula, Co-founder and Managing Partner at Indicator Capital, gives details on the initiative and explains why companies in the region are competitive enough to acquire…
Here are the highlights on Brazil’s tech and business scene in May: May 27 São Paulo-based protech startup Quinto Andar closed a $300 million Series E led by Silicon Valley-based Ribbit Capital. With the new funds, the company now is valued at $4 billion. May 24 Latin America pioneer tech VCs Hernan Kazah and Nicolas…
Indicator Capital, BNDES and Qualcomm Ventures launch the first fund in Latin America with a focus on Internet of Things (IoT) May 2021 – Indicator Capital, the National Bank for Economic and Social Development (BNDES) and Qualcomm Ventures LLC announced today the launch of the early-stage venture capital fund Indicator 2 IoT FIP Fund, with a…
In 2003, Brian Requarth got in his car and drove from his hometown in California to Costa Rica, crisscrossing through Mexico and Central America, eventually making his way to Colombia. It was a life-changing 6-month experience that made him fall in love with LatAm and identify unique opportunities for businesses in the region. After starting…
Here are the highlights on Brazil’s tech and business scene in April: April 29 Some new Brazilian names have joined the global superrich, and their ascent to fortune amid bleak times is a tale of a nation in transition. New faces at the top are part of an emerging economy built on digital technology and…