March 2023 Deals & Investments

March 28

Comp, a startup that offers a remuneration and benefits database for the HR sector, received a contribution of R$ 14 million. The round was led by Kaszek, with participation from Canary, Norte and 1616 funds, in addition to 40 angel investors.

March 28

SP Ventures prepares US$ 80 million fund for agtechs. Startups that seek solutions for agribusiness have never been in the top of mind of investors, but the scenario has changed.

March 21

Auto-tech Mecanizou raised a $US14.5 million Series A in a round led by monashees with participation from Alexia Ventures, FJ Labs and Dalus Capital.

March 21

The power of storytelling. Paulo Costa, Director of BayBrazil partner Cubo Itaú, discusses his experience at SXSW and highlights the importance of communication for startups’ success.

March 21

Paper giant Suzano Ventures launches a fund to focus on startups. Suzano Ventures is partnering with Canadian Cycle Momentum to focus on early stage deep techs that are contributing to the advancement of bioeconomy.

March 20

100% Livre, a startup that produces food on vertical farms, is in the middle of a Série A to raise BRL 45 million and expand its production structure. The company started producing foliage and seasonings and is carrying out advanced research to produce wheat in fully controlled environments, with productivity levels higher than those achieved in the field. 100% Livre is the second in the world and the first in the Americas to invest in indoor wheat production.

March 16

The worst may be over in the Silicon Valley Bank collapse but Latin American startups face challenges ahead. Technology companies in the region will find it harder to get financial services and raise capital after the demise of the niche bank.

March 15

Brazilian angel investment networks continue to have an appetite to invest in startups, unlike more mature stage investors. A survey pointed out that in 2022 R$ 68 million were invested in 128 Brazilian startups. The projection is that in 2023 investments will grow 25% compared to the previous year.

March 14

BayBrazil brought together Brazilian tech founders and investors who are leading companies in Silicon Valley and Los Angeles.

They discussed their latest endeavors and perspective on the current tech scene.

Bridging Silicon Valley & Brazil – one conversation at a time.

March 14

L4 Venture Builder, founded in 2022, with committed capital of R$ 600million by B3, will take a minority stake in Vermiculus Financial Technology, specialized in providing state-of-the-art technology to exchanges, clearinghouses, and CSDs. The agreement will include a transaction of USD 5,55 million. L4 Venture Builder is one of the main investment funds with capital committed by a single Brazilian corporation.

March 9

zMatch, fintech focused on subscription electric cars and solar energy, received an investment of R$ 50 million in a round that included the participation of Revolution, Canary and IGF. After this round, zMatch reached a valuation of R$ 166 million. The startup was founded just over a year ago by Sylvio de Barros, creator of Webmotors and iCarros.

March 7

Despite the challenging fundraising environment of 2022, CVC gains traction in Brazil’s startup ecosystem, with more big corporations launching their corporate venture arms last year than during the boom years of 2020 and 2021.

March 1

The M&A Boutique Questum will invest BRL 200 million to invest in up to 50 startups and get them ready for the exit in a short term.

News gathering by Thais Chertman

March 2023 Deals & Investments

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