BayBrazil team noticed that in the past 12-18 months new companies founded by Brazilians launched operations in the San Francisco Bay Area region. So, we are currently updating our survey with founders and will publicize it soon. Meanwhile, we caught up with one of these firms: early stage VC firm Positive Ventures, founded in Sao…
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Here are the highlights on Brazil’s tech and business scene in July July 30 Magnetis, an automated wealth management startup, has raised US$11 million in a new round of funding. Plans are to transform itself into a full-service brokerage. Investors in the round included Redpoint eventures and Vostok Emerging Finance. July 30 BayBrazil annual…
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Nina Silva is an IT expert who embodies all faces of diversity: black, woman and poor. After a burnout, she turned her career around with a purpose driven action. She co-founded the Black Money Movement in Brazil, with her partner Alan Soares, to empower black people, foster education and entrepreneurship, and create business opportunities for the Brazilian…
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Here are the highlights on Brazil’s tech and business scene in June: June 29 Startup success isn’t determined by how much you raise; it’s about how much equity you keep, which means controlling your own destiny. According Tom Foremski, the San Francisco-based startup Arena is a great example of bootstrapping. Arena is a cloud-based…
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Here are the highlights on Brazil’s tech and business scene in May: May 30 Santander InnoVentures led a US$5 million investment in the Brazilian fintech a55. The Brazilian startup specializes in loans for small and medium-sized businesses in the tech industry. May 29 The Brazilian SaaS platform Accountfy announced a new round of US$6.5…
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Watch the recording of our live chat VC funding in Latin America reached a record high in 2019. According to data gathered by LAVCA, last year’s investments totaled $4.6 billion compared to about $2 billion in 2018. In Silicon Valley, startups attracted almost $ 46 billion last year but, with the global pandemic, investments are expected to subside…
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Watch the recording of our live chat Help is on the way for Covid-19 patients. Scientists in research institutions across the globe are studying the virus to reduce its spread and accelerate the treatment of infected patients. In Brazil, the D’Or Institute for Research and Education, is currently gathering data and performing clinical trials in over…
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Here are the highlights on Brazil’s tech and business scene in April: April 30 DOMO Enterprise will invest in startups that operate in the B2B model. About 30% of the fund, which will total between R$ 150 million and R$ 200 million, have already been raised. April 29 VTEX acquired tow companies: Biggy, which…
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Watch the recording of our live chat It’s been a tough time for businesses across the world, as a result of the COVID-19 pandemic. Although some deals are coming to fruition in Brazil, VC firm Kaszek Ventures says capital will be scarce for the next several quarters. Over the past weeks, companies such as Conta Azul, Gympass…
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Watch the recording of our live chat Venture capital investing in the U.S. hit $136 billion in 2019 and deal activity maintained momentum in 2020’s Q1. Now, with the fallout from COVID-19 and the uncertainty of the current economic environment, investments and IPO activity are expected to drop in 2020. “First-time fundraising will be felt the…
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Watch the recording of our live chat The latest batch of Y Combinator’s acceleration program had a record number of Brazilian founders, a total of seven. Among them, founders Maria Fujihara, Alex Dubugras, and Rafael Stark, from Sao Paulo, and Cirdes Henrique, originally from Recife, who just completed the 3-month cycle. We are curious to learn…
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The coronavirus crisis has drastically affected employment. According to the United Nations nearly 200 million people could end up out of work. It estimates that a total of 81% of the global workforce of 3.3 billion people have had their workplace fully or partly closed. In early March big tech companies started asking employees to work from home.…
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