Here are the highlights on Brazil’s tech and business scene in February:
Feb 26
BlackRocks Startups Help Black Entrepreneurs Blossom In Brazil
Feb 26
The blooming of Brazil’s tech ecosystem will peak in 2020.
Fev 25
Banco Votorantim, the seventh largest bank in Brazil, recently announced an $18.38M (R$80M) investment in Weel, an accounts receivables management platform for SMEs.
Fev 20
The startup Memed, focused on the health sector, received an investment of R$ 20 million led by the DNA Capital fund and by Redpoint eventures. Memed created a platform for generating online medical prescriptions and it has more than 80 thousand doctors registered.
Feb 20
Fresh off a record year of deals and funding, Latin America’s fintech ecosystem is thriving. According CBInsights, though deals and funding continue to reach new annual highs, it wasn’t a smooth climb.
Feb 17
SoftBank to add $1 Billion to its $5 Billion Latin American Fund, which was launched last year.
Feb 18
Kinea Private Equity acquired a minority stake in Matera, an IT solutions company for the financial market, risk management and retail, for R$ 100 million. The investment will accelerate Matera’s growth in local and international markets.
Feb 17
Brazilian startup and property matchmaker Kzas received US$ 4 million in a seed round investment was led by Redpoint eventures.
Feb 13
The legaltech Docket raised US$ 8 million with Kaszek, ONEVC, Valor Capital, Canary, and Wayra. These funds have been channeled towards strengthening its sales team and customer service.
Feb 7
Brazilian startup Involves raised R$ 23.5 million, with the contribution of Bridge One. The startup helps manufacturers trade market their goods through technology.
Feb 5
Amazon’s AWS to invest $236 million in Brazilian state of Sao Paulo over next 2 years. The company aims to strengthen its cloud infrastructure in South America.
Feb 4
Locaweb and its partners raised R$ 1.03 billion in their IPO. With the IPO, the American fund Silver Lake, which invested in the company in 2010 and held almost 19% of its shares, will leave the partnership with Locaweb.
Feb 3
Magazine Luiza’s family leads $ 40 million investment in the startup Solinftec, that uses artificial intelligence to monitor crops.
