Here are the highlights on Brazil’s tech and business scene from the end of June through July 2017:
June 28
The 25 most innovative ag tech companies that have more than US$400 million in financing. Brazil-based BovControl and Strider are included.
June 29
Criatec 2, a venture capital fund managed by Bozano Investimentos and Triaxis Capital, will invest in ERP Bling, a Brazilian SME management platform.Total value of the investment can reach R$ 10 million and will be applied in the product development and support.
June 30
Patria Investimentos, Brazilian private equity firm, has invested US$100m to open up Odata, the Colombia first data center in partnership with the Colombian group Navitrans. Odata has operations in Brazil and plans to expand to Peru, Argentina and Mexico.
June 30
Intellibrand, a digital trade marketing platform, received R$ 5 million from DGF Investiments. Founded in 2013, Intellibrand is a global hub of collaboration between industries, brands and retailers in the convergence of physical-to-digital trade marketing processes.
July 3
Fintech firms in Brazil are targeting small and mid-sized companies in loan market to fill a gap in the credit market left by large lenders. They have been growing fast in sectors such as consumer lending and credit cards offering reduced interest rates
July 5
July 5
Monashees and Mindset Ventures lead US$8.5 milllion investment in Brazil’s fintech WorkCapital. The investment will be used to triple the operations in Brazil, doubling the team of engineers, and extending the scale of the platform to optimize the working capital of companies that have difficulties in obtaining credit.
July 5
WiseTech Global acquired Bysoft Solutions, a Brazilian supplier of systems for foreign trade, for US $ 11.8 million.
July 5
Oaktree Capital Management LP entered race to buy control of Renova Energia SA with a proposal that would help refinance part of the Brazilian renewable energy firm’s debt.
July 7
The Brazilian investment fund Canary, created by Peixe Urbano’s founder and four other partners, invested US$256k in Terramagna, a Brazilian IT startup.
July 7
Redpoint eventures (BayBrazil Corporate member) and Global Founders Capital invest in Brazil’s Escale, an inbound digital marketing agency and call center operator.
July 7
Capgemini, a French company that offers global consulting, IT and outsourcing services, acquired software company RDI Brasil, which operates exclusively for the McDonald’s.
July 10
Bossa Nova Investimentos & Gouvea de Souza launch fund to invest in Brazilian retail startups
July 10
Babel Ventures, a Silicon Valley firm founded by two Brazilian women, raised $30 million to help start-ups.
July 13
Berrini Ventures, a healthcare accelerator in Brazil, and Bossa Nova Investimentos announced a partnership to help develop health startups in Brazil.
July 13
Senior Solution, company focused on software development for the financial sector, obtained new financing with the National Bank for Economic and Social Development (BNDES), in the amount of R$ 23.4 million
July 14
Primatec, a capital fund for entrepreneurs, acquires Rockhead Estúdios S.A., a Brazilian gaming company
July 24
Semyon Dukach, a serial entrepreneur and refugee from the Soviet Union, Eveline Buchatskiy, former director of TechStars Boston and a Brazilian immigrant, are creating One Way Ventures, a venture fund for fellow immigrants.
July 25
Foreign investors sustain Brazil through recession. The country received $78.93bn in FDI during the height of the recession in 2016, the 7th highest such inflow in the world.
