May 23
Tokenization pioneer Dynasty Global to become BrickMark Group’s payment token.
In return, Dynasty will acquire a strategic stake in BrickMark. The investment of CHF 10 million will be part of BrickMark’s Series A financing and will be settled mainly with Dynasty’s payment token and cash. This collaboration aims to facilitate real estate transactions using D¥N, which is set to play a leading role in tokenized real estate transactions.
The Switzerland-based Dynasty Global was co-founded by Brazilian Eduardo Carvalho, who is also the company’s CEO.
May 17
Bloisi will also take over as head of Prosus, Naspers’ international investment arm.
He plans to continue buying back Prosus and Naspers shares to address the valuation gap relative to its assets. Prosus’s assets are estimated to be worth $135 billion to $150 billion, while its market value is about a third less.
May 17
Regulatório Mais, “regulatório as a service” technology, enables financial institutions to meet the requirements of the Central Bank. The solution, called Reg+, offers a modern approach with simplified integration through microservices and a team of experts in banking regulation. This marks Celcoin’s fourth acquisition in two years.
May 15
Brazilian entrepreneur Mike Krieger, Co-founder of Instagram, has been appointed as the first Chief Product Officer (CPO) at AI company Anthropic.
In his new role, Krieger will oversee product engineering, management, and design efforts as the company works to expand its suite of AI apps and bring Claude, its generative AI technology, to a wider audience. Beyond consumer-focused projects like the recently released Claude app for mobile, Krieger will also be responsible for Anthropic’s enterprise services, subscriptions, and software.
The San Francisco-based company has Amazon as its major backer. The e-commerce giant poured $1.25 billion into Anthropic last year and pledged an additional $2.75 billion last March.
May 15
VC firm ABSeed, founded by Geraldo Melzer, Felipe Coelho, Franco Zanette, and Marcelo Hoffmann, is launching its third fund focused on investing in early-stage B2B cloud software companies.
The fund aims to raise R$150 million and has already secured commitments for nearly half of that amount and plans to invest in startups with monthly average revenues ranging from R$200,000 to R$400,000. Additionally, the firm intends to evaluate more companies in Latin America, while maintaining a strong focus on Brazilian businesses.
May 14
NG Cash, a fintech, has secured a R$65 million series A, the largest fintech investment of 2024 so far.
The round was led by monashees and included the participation of other global funds such as Andreessen Horowitz (a16z), 17Sigma, Tekton Ventures and Generalist Capital.
The funds will be used to expand products and services designed for Gen Z, in particular to offer credit.
May 13
Mobile carrier for businesess Salvy has supplemented its seed funding with an additional R$10 million investment from American VC Pioneer and Arash Ferdowsi, one of the founders of Dropbox. The deal brings the seed round to about R$15 million.
May 10
Land and maritime travel company Travelier, from Israel, acquires São Paulo-based startup DeÔnibus for R$150 million to facilitate bus travel for passengers. DeÔnibus operates as a marketplace for bus tickets, covering over 80% of Brazil’s territory with a network of 300 bus operators and thousands of routes. Value was not disclosed and resulted in an exit for ACE, GVAngels and other individual investors who had contributed resources to the company.
May 10
BS2 bank has made an investment in the Bloxs fintech, which recently received authorization from the CVM to act as a coordinator for public offerings.
The transaction amount was not disclosed and was made through a convertible debt structure and is part of preparations for Series A round.
Through this partnership, BS2 aims to meet significant demand from BCP’s clients for banking credit products that are currently not part of its portfolio.
May 2
Indicium, a data company based in Santa Catarina, received a US$40 million investment in a Series A funding round from the American VC fund Columbia Capital. Notably, this marks the first time that Columbia Capital has invested in a Brazilian company. Indicium’s focus is on leveraging advanced methodologies to process data efficiently for decision-making. The company has already made strides in the U.S. market, with activities there accounting for 30% of its undisclosed revenue. With this investment, Indicium aims to expand further in the United States and consolidate its presence in Latin America.
BayBrazil partner Foley & Lardner represented Indicium in the deal.
News gathering by Thais Chertman
