June 30
Tech park in the northeastern coast of Brazil plans to train 50K people from underserved communities by 2050. “Porto Digital is the Quixotic tech hub that actually worked”.
June 28
American giant Visa acquired Brazilian fintech startup Pismo for one billion. The deal makes Pismo the first unicorn of 2023 in Brazil.
June 28
David Velez, CEO of Nubank, spoke with TechCrunch about navigating recessions and maintaining profitability in tough macroeconomic environment.
The company is now the 5th largest financial institution in Brazil, 46% of adult population are customers and last May the company reported a record profit of $141.8 million.
June 28
HRTechs have received a total of US$ 1.9 billion in investments since 2000. The new report shows a progressive year-on-year increase in HRTechs, which now total 518 startups in Brazil. Considering the study period, between 2000 and 2022, there is a highlight for 2018, the year in which more HRTechs were founded in the country, with a total of 74 startups emerging in this period.
June 27
“Latin America is a great market”, said Hans Tung, Managing Partner at GGV Capital, in a recent event in Toronto.
The investor was keynote speaker at the 2022 BayBrazil annual conference.
June 27
BayBrazil announces the 11th edition of its annual conference: Oct 27th, at the iconic SRI, Menlo Park.
Stay tuned!
June 26
Edtech Motrix received an investment of BRL 14 million from Grupo Ágathos Educacional. The startup is creating a digital platform with didactic content to allow greater flexibility in the transmission of knowledge in schools.
June 23
A new BRL 100 million fund will support up to 15 agtechs and agfitechs that develop innovative solutions for the sector.
The fund partners are Viasoft, a business management software company from Paraná, and Bertha Capital, investment manager that currently leads 10 funds.
June 20
Asaas, a fintech company that offers a PJ account with payment management and ERP for small and medium-sized companies, has just raised BRL 100 million to accelerate its growth. The round was an extension of the 2020 Series B and basically made by investors who were already on the cap table: Inovabra, Bradesco’s venture capital manager; Parallax Ventures; the Light Capital Group; and the Scale. The only new investor was TM3 Capital.
June 6
Warburg Pincus is doubling its bet on Superlógica, the leader in management software for condominium administrators, with a market share in Brazil of more than 50%. The American manager announced that is investing BRL 150 million in the company, three years after investing other BRL 300 million.
June 5
RD Station acquired Exact Sales, a leading company in the sales engagement category, focused on technology for prospecting and qualifying potential customers. The acquisition, which is the largest ever carried out by the company, involved 100% of Exact’s share capital, for the amount paid in cash of R$ 51 million.
June 1
E-commerce Compra Rápida received a seed round of BRL 18 million. The investment was led by American firm Olive Tree Capital with participation of angel investor and funds Liquid 2 and Soma Capital, whose portfolio include Rappi.
June 1
Sami Saúde raised US$ 18 million in a round led by Redpoint eventures and Mundi Ventures. Alumni Ventures, Endeavor Catalyst, Digital Horizon, Tau Ventures and other investors also participated in the round.
News gathering by Thais Chertman
