July 30
Brazil’s government unveiled on Tuesday a 23 billion reais ($4.07 billion) proposal for an artificial intelligence (AI) investment plan aimed at developing sustainable and socially-oriented technologies. It will be disbursed from 2024 to 2028. The proposed investment plan foresees resources for “immediate impact initiatives” in sectors such as public health, agriculture, environment, business and education.
July 30
Startup Panorama in Brazil – M&A Deals Report 2024 H1. The new study analyzed data collected from over 12 thousand companies in the Sebrae Startups Observatory: major segments, maturity stage, business model adopted by Brazilian startups and their annual revenue.
July 24
Strm has secured R$ 35 million in funding in a round led by the American fund Tompkins Ventures and a sertanejo duo. Strm’s mission is to support artists in their early careers by providing financing, digital music distribution, AI-driven career recommendations, and career management tools. The platform assesses artists’ career stages and revenue, offering financing ranging from R$ 1,000 to R$ 1 million.
July 22
Brazilian company Eve, controlled by Embraer, has unveiled the full-scale prototype of its electric vertical take-off and landing (eVTOL) flying taxi. The milestone event took place at Embraer’s Gaviao Peixoto plant in Brazil. Although the current prototype lacks a cabin or pilot, the final aircraft will accommodate four passengers and a pilot. Eve aims to achieve certification by 2026 and expects to fly the prototype by the end of this year or early 2025.
July 19
The Winnin platform, which leverages AI to analyze video consumption data and generate insights for brands, has secured a Series A funding round led by Alexia Ventures and Kaszek. While the exact funding amount remains undisclosed, Winnin’s plan is to expand its technology globally. The startup’s technology analyzes video behavior on major digital platforms, providing predictive insights that help major brands optimize their marketing strategies.
July 17
Matera, which provides instant payment, QR code payment, and core banking software to financial institutions, has received a $100 million investment from Warburg Pincus.
This investment will support Matera’s expansion into the North American market and further development of its products. Matera aims to help the U.S. catch up to Brazil in instant payments while emphasizing the importance of reducing the complexity of legacy systems.
July 17
netLex raised US $24 million funding round with Riverwood Capital
The platform facilitates contract creation and management for businesses, allowing users to respond to a questionnaire that generates the contract. In 2018, when the startup pivoted its operations and reached breakeven, the first external resources came in, a seed raised with Canary and Fundação Estudar – two years later, Parceiro Ventures also joined the captable.
July 10
Farmtech, a fintech that leads the digital rural credit market, received a US$10 million investment from Bewater, a VC firm focused on midstage growth. This is the first investment in agriculture by Bewater, founded five years ago by Carlos Degas Filgueiras, the former CEO and partner of DeVry/Adtalem; Fabio Armaganijan, former COO of Kraft Heinz in the US and Guilherme Weege, former CEO and controller of Grupo Malwee.
The resources from the round will finance the growth of the fintech, which has already provided R$22 billion in credit for the agricultural inputs industry and rural producers, through 200 thousand operations.
July 5
The 2024 Fintechs Digital Credit Survey, conducted by PwC and the Brazilian Association of Digital Credit (ABCD), reveals that Brazilian credit fintechs demonstrated remarkable resilience and adaptability in 2023. Despite challenges in the volatile financial environment, these fintechs not only sustained their growth but also significantly expanded their operations. The volume of credit increased by 52%, reaching R$ 21.1 billion, reflecting growing consumer confidence in digital financial services. With 53% of fintechs planning to invest in AI over the next two years, AI remains central to their strategy.
July 2
Tivita, a financial management startup for clinics and medical practices, raised R$32 million in a round led by the North American fund FinTech Collective and accompanied by K50 Ventures, MAYA Capital, and SSV.
The investment also included participation from angel investors such as Cesar Carvalho (co-founder and CEO of Wellhub), Tiago Dalvi (founder and CEO of Olist), and Renato Velloso (co-founder of Odontoprev and former CEO of Dr. Consulta).
News gathering by Thais Chertman
