Here are the highlights on Brazil’s tech and business scene in March:
March 31st
Study shows that in the first trimester of 2022, Brazil had 169 mergers and acquisitions totaling R$ 5.5 billion in transactions. 33% of the deals were cross-border deals.
As for venture capital, investors poured R$ 3.4 billion in 22 deals. investments, start Early stage startups received most of it, 83%.
March 30
Silicon Valley-based CRV leads a $13.6 million Series A in Arena, founded by BayBrazilian Paulo Martins. Arena is a real-time data platform that helps companies to understand their customers journey and how they want to engage with them. Founded in 2017, today Arena has over 25,000 customers across 50 countries. The round also included the participation from Craft Ventures, Artisanal Ventures and Vela Partners, along with a host of industry angels.
March 30
Brazilian food tech startup Diferente, which seeks to bring organic vegetables, fruits straight to consumers’ table at a more friendly price, raised a seed round of R$ 24 million, a record funding for any food tech at this stage of development in Latin America. The round was led by Brazil‘s MAYA Capital and followed by five other funds and several individual investors.
March 28
Andreessen Horowitz (a16z) and NFX co-led Latitud’s $11.5 million seed funding round, which also included participation from Endeavor, Canary, FJ Labs, Ganas Ventures and founders from Nubank, Rappi, Creditas, dLocal, Bitso, Auth0, Cornershop, among others.
March 25
BayBrazil hosted Agtech Brazil, a discussion with founders and investors on the booming agtech industry and digitalization of Brazilian farming.
March 17
Brazilian startup Gringo, an app aimed at cars and motorcycles owners, raised a Series B investment of $34 million. The round was led by venture capital fund VEF and Píton Capital.
Kaszek, GFC, and ONEVC, earlier investors of the startup, also participated in the round.
March 15
Brazilian startup Kamino, who helps startups to raise from global funds, received a series A-alike pre-Seed of $6.1 million from Inspired Capital. Global Founders Capital, Fontes, Picus Capital, Flourish Ventures, Propel VC, ClockTower Technology Ventures, Norte Ventures, and Gilgamesh Ventures also participated in the funding.
March 15
Brazil’s Vittude Raises $7M in Series A for Corporate Mental Health in a round led by Crescera Capital, former Bozano Investimentos, with participation from Endeavor Scale Up Ventures and Redpoint eventures.
March 10
Accounting platform Contabilizei secured a $60 million round led by SoftBank, and followed by Goldman Sachs and Pruven Capital. Company’s investors already included Kaszek, Point 72, Quona, the World Bank (IFC) and Igah Ventures.
March 9
HRtech Flash Benefícios raised a $100 million Series C round led Battery Ventures & Whale Rock Capital Mgt. Tencent, Tiger Global, monashees, GFC and Citius also participated in the round.
March 9
Trela, a Brazilian startup that connects food producers to buyers through group purchasing secured a $25 million Series A round led by SoftBank. The round also featured Kaszek, General Catalist, Y Combinator, and Pierpaoplo Barbieri.
March 9
Trela, a Brazilian startup that connects food producers to buyers through group purchasing secured a $25 million Series A round led by SoftBank. The round also featured Kaszek, General Catalist, Y Combinator, and Pierpaoplo Barbieri.
March 7
Evino raised R$650 million, six months after having acquired one of its main competitors, Grand Cru. The capitalization is led by Vinci Partners, through fund III, with the participation also of the family company from Paraná JCR and XP Private.