Category: deals

  • March 2026 VC Deals: AI Fever, Insurance Muscle, and One Very Expensive Egg

    March 2026 looked like a month in which investors tried to hedge their existential dread with a mix of AI, insurance, healthcare and, for reasons only private equity can fully explain, eggs. The market served up a familiar cocktail: big names doubling down, founders attaching โ€œAIโ€ to anything with a pulse, and capital still showing up where distribution, defensibility, or regulation create real moats. 

    The vibe was less โ€œspray and prayโ€ and more โ€œpick your spots, then write a real check.โ€ Late-stage conviction showed up in insurtech, healthtech kept earning its seat at the table, and the seed market rewarded a few narratives that feel very 2026: stablecoins, AI-native platforms, and founder communities dressed as companies until proven otherwise. In other words, same circus, slightly better unit economics. 

    Deep Dive: Top 5 Most Relevant Deals

    1) Global Eggs โ€” Private Equity, USD 1B
    This is the deal nobody in venture can ignore, even if it technically wandered in from the neighboring private equity party. A billion-dollar round led by Warburg Pincus automatically bends the monthโ€™s gravity field; size alone puts it in a different solar system from everything else on the list. It is not the sexiest company in the file, but that is precisely the point: when that much capital goes into a deeply real, asset-heavy business, it reminds the ecosystem that โ€œboringโ€ industries with cash flow and scale still beat pitch-deck poetry in the capital stack. 

    2) Azos โ€” Series C, USD 24.1M
    Azos made the cut because it checks every serious-investor box: meaningful round size, a long funding history, and a cap table stacked with real hitters. Kaszek and Kevin Efrusy led this round, while prior rounds brought in Lightrock, Munich Re Ventures, Prosus Ventures, MAYA and Propelโ€”basically a roll call of people who do not wire money out of boredom. This is what maturity looks like in Brazilian insurtech: repeated institutional validation, sector specialization, and enough financing continuity to suggest the company is no longer selling vision alone; it is selling proof. 

    3) Mevo โ€” Series B, USD 18.2M
    Mevo stands out because it combines scale, category relevance and repeat investor conviction in a way the market increasingly rewards. Floating Point led, with Matrix and Prosus on the cap table, and prior rounds show this is not a one-off enthusiasm spike but a multi-stage underwriting of the companyโ€™s role in digital healthcare. The detail that catches the eye is the back-to-back Series B cadence after a larger 2024 round: that usually signals a company still pressing the growth pedal while tightening the machine, not a tourist stop on the fundraising highway. Healthtech in LatAm still has plenty of PowerPoint merchants; Mevo looks more like operating infrastructure. 

    4) Saรบde Bliss โ€” Series A, USD 10.9M
    Saรบde Bliss is one of the sharper ecosystem signals in the file because the round is not just reasonably large for a Series A; it also carries a very revealing investor mix. Banco Bradesco and K Fund led, with Canary, Clocktower and Speedinvest also involved, which gives the deal a useful blend of strategic validation, fintech sensibility and international venture credibility. In plain English: when incumbents and smart VCs both show up, it usually means the company has found a wedge worth respecting. Insurance comparison is not glamorous cocktail-party material, but in Brazil it sits close to distribution, trust and embedded financial servicesโ€”three places where large outcomes like to hide. 

    5) shiva โ€” Pre-Seed, USD 10M
    Shiva is the monthโ€™s most delightfully audacious line item: a pre-seed round of USD 10M led by Monashees, with Endeavor Catalyst participating, for a company described as a community supporting AI entrepreneurs. That sentence alone deserves both curiosity and a raised eyebrow. But that is exactly why it matters. The round is a bet on founder aggregation as an asset class and on AI-native company formation as something bigger than a software product. It may end up brilliant or absurd; the smartest March money seemed comfortable with the possibility that it is both. Either way, when Monashees writes that kind of early check, the ecosystem pays attention. 

    Honorable mention: BackChannel
    BackChannel narrowly missed the top five, but it has one of the strongest โ€œsmart money keeps returningโ€ profiles in the file. Its USD 4.75M Series A followed two earlier seed rounds, with Sunna Ventures returning and a broad syndicate including Cathay, Norte, Positive, Preface, Accion and IGNIA-type names orbiting the company. That is not blockbuster-size capital, but it is exactly the kind of repeated institutional validation that often precedes a much louder round later. 

    My ranking leaned most heavily on four things from your file: absolute round size, repeatability of investor conviction across rounds, quality of the syndicate, and whether the company sits in a category with real ecosystem spillover rather than isolated niche appeal. On that basis, March/2026 looked like a month where the market rewarded businesses with either hard distribution moats or hard narrative momentumโ€”and ideally both. 

    All deals March/2026

    Deals Coverage Report  |  Period: March 2026 โ€“ March 2026

    2026-03-31 / Openbox.ai / Seed / USD 5,000,000

    Openbox.ai is an online platform for the financial management of small and medium-sized companies.

    Lead Investors: Tykhe Ventures

    Previous Rounds

    2020-09-01 / Venture – Series Unknown

    Lead Investors: Darwin Startups


    2026-03-26 / BackChannel / Series A / USD 4,750,000

    BackChannel is an online B2B platform for inventory transactions and for buying and selling online goods.

    Lead Investors: Sunna Ventures / Investors: GNIA, Positive Ventures, Cathay Latam, Preface Ventures, Norte Ventures, Accion Ventures, Savia Ventures and Morro Ventures.

    Previous Rounds

    2025-11-19 / Seed / USD 4,688,760

    Lead Investors: Sunna Ventures / Investors: Accion Ventures, IGNIA, Morro Ventures, Norte Ventures, Positive Ventures, Preface Ventures, Savia Ventures, Seaya Cathay Latam, Sunna Ventures

    2024-01-01 / Seed / USD 3,000,000

    Lead Investors: Cathay Innovation / Investors: Cathay Innovation, Latitud, Norte Ventures, Positive Ventures, Preface Ventures, Silence VC


    2026-03-25 / UnblockPay / Seed / USD 4,500,000

    UnblockPay is a stablecoin-native platform that enables businesses to move money globally faster, more simply, and at lower cost

    Lead Investors: Prelude Ventures / Investors: Crescera Capital, Plug and Play, Prelude Ventures, Signature Ventures, Triaxis Capital, Wintermute Ventures


    2026-03-25 / Mevo / Series B / USD 18,156,104

    Mevo is a healthcare platform that provides digital prescription with online purchase option for medicines to be delivered to their homes.

    Lead Investors: Floating Point / Investors: Floating Point, Jefferson River Capital, Lyrical Partners, Matrix, Prosus, Veronica Allende Serra

    Previous Rounds

    2024-09-18 / Series B / USD 20,137,296

    Lead Investors: Matrix Partners / Investors: Elliot Cohen, Floating Point, GK Ventures, IKJ Capital, Jefferson River Capital, Matrix Partners, Mercado Libre Fund, Prosus Ventures

    2022-07-15 / Series A / USD 8,321,314

    Lead Investors: Floating Point / Investors: Floating Point, IKJ Capital

    2019-01-01 / Seed

    Lead Investors: Eretz.bio


    2026-03-24 / Saรบde Bliss / Series A / USD 10,894,289

    Saรบde Bliss is an online health insurance comparison platform.

    Lead Investors: Banco Bradesco, K Fund / Investors: Actyus, Banco Bradesco, Canary, Clocktower Technology Ventures, K Fund, Speedinvest

    Previous Rounds

    2022-02-16 / Seed / USD 1,946,548

    Lead Investors: Canary / Investors: Canary, Caravela Capital, Lupa Capital, Speedinvest


    2026-03-24 / Hero Seguros / Venture – Series Unknown / USD 6,689,476

    Hero Seguros is an Insurance company.

    Lead Investors: Headline / Investors: Actyus, Headline

    2026-03-24 / Hero Seguros / Secondary Market

    Lead Investors: N/A


    2026-03-19 / IE Madeira / Corporate Round

    IE Madeira is a Brazilian electric power transmission company that operates the country’s longest HVDC line.

    Lead Investors: Eletrobras Axia Energia


    2026-03-19 / Core AI / Seed / USD 4,100,000

    Core AI Simplifies credit with AI-powered tools for SaaS growth through seamless, customized solutions.

    Lead Investors: 14B Venture Capital / Investors: 14B Venture Capital, Andrรฉ Street, BFF Ventures, big_bets, Eduardo Pontes, Fersen Lambranho, GP Investments, Nameless Partners, Norte Ventures


    2026-03-12 / Nilo Saรบde / Series A / USD 2,830,189

    SaaS platform for LatAm healthcare payers and providers, that helps acquire, engage and navigate patients using AI and automation.

    Lead Investors: Citrino Ventures, 14B / Investors: N/A

    Previous Rounds

    2022-01-31 / Series A / USD 11,200,000

    Lead Investors: Global Founders Capital, Upload Ventures / Investors: Canary, Everywhere Ventures, Global Founders Capital, IKJ Capital, Lupa Capital, MAYA Capital, Tau Ventures, Two Culture Capital, Upload Ventures

    2020-04-20 / Pre-Seed / USD 1,700,000

    Lead Investors: Canary, MAYA Capital / Investors: 10K Ventures, Canary, Eretz.bio, Fernando Czapski, Grรฃo, Guilherme Bonifacio, IKJ Capital, MAYA Capital


    2026-03-11 / Azos / Series C / USD 24,072,719

    Azos is an insurtech that offers best in class insurance products in Brazilian market.

    Lead Investors: Kaszek, Kevin Efrusy

    Previous Rounds

    2025-02-19 / Series B / USD 30,500,000

    Lead Investors: Lightrock / Investors: Kaszek, Kevin Efrusy, Lightrock, MAYA Capital, Munich Re Ventures, Propel, Prosus Ventures

    2022-05-18 / Series A / USD 6,000,000

    Lead Investors: Munich Re Ventures / Investors: 4equity – Media Ventures, Airborne Ventures, Kaszek, Lupa Capital, Munich Re, Munich Re Ventures, Prosus

    2021-11-30 / Series A / USD 10,000,000

    Lead Investors: Prosus Ventures / Investors: Kaszek, MAYA Capital, Propel, Prosus Ventures

    2020-10-01 / Seed / USD 2,200,000

    Lead Investors: Kaszek / Investors: Kaszek, MAYA Capital, Propel

    2020-04-01 / Seed / USD 66,670

    Lead Investors: Igor Mascarenhas


    2026-03-10 / shiva / Pre-Seed / USD 10,000,000

    Shiva is a community that supports tenacious entrepreneurs that use AI to create global businesses.

    Lead Investors: MONASHEES / Investors: Endeavor Catalyst, MONASHEES


    2026-03-09 / MOVA Protocol / Angel / USD 2,000,000

    MOVA Protocol transforms real-world movement into verifiable digital assets and data intelligence.

    Lead Investors: N/A

    Previous Rounds

    2026-02-09 / Seed / USD 3,000,000

    Lead Investors: N/A


    2026-03-09 / Rocas Tech / Seed / USD 200,000

    Rocas Tech provides an educational experience in which students can enjoy digital experiences and acquire knowledge.

    Lead Investors: N/A


    2026-03-04 / Celero / Series A / USD 2,800,000

    Celero provides automation technology to help small and medium businesses manage their finances.

    Lead Investors: Headline / Investors: Headline, Visa

    Previous Rounds

    2024-02-06 / Series A

    Lead Investors: Bossa Invest

    2023-01-01 / Venture – Series Unknown

    Lead Investors: Allievo Capital / Investors: Allievo Capital, KPTL

    2020-06-01 / Seed

    Lead Investors: Goodz Capital / Investors: Goodz Capital, Honey Island Capital

    2018-12-18 / Seed

    Lead Investors: Harvard Business School Alumni Angels of Brazil


    2026-03-04 / vitrify / Angel / USD 189,487

    Data and Monitoring SaaS for Private Credit in Brazil

    Lead Investors: Carlos Netto / Investors: Carlos Netto, Daniel Coquieri, Joรฃo Baptista Peixoto Neto, Olavo Nigel Saptchenko Meyer, Omar Ajame, Paulo David, Vinicius Machado

    Previous Rounds

    2025-08-30 / Angel / USD 430,000

    Lead Investors: N/A


    2026-03-04 / Draiven / Seed / USD 300,000

    AI that speaks business.

    Lead Investors: Asterismus Capital

    Previous Rounds

    2025-10-21 / Angel / USD 139,537

    Lead Investors: N/A

    2024-12-01 / Angel / USD 100,000

    Lead Investors: Leonardo Araรบjo Lima / Investors: Leonardo Araรบjo Lima, Marco Tulio Kehdi, Yann Mora


    2026-03-02 / Global Eggs / Private Equity / USD 1,000,000,000

    Global Eggs, a privately owned holding group that engages in the production and distribution of eggs.

    Lead Investors: Warburg Pincus


    2026-03-02 / AMentoria Educaรงรฃo / Angel

    AMentoria Educaรงรฃo is a platform for individual studies based on data and active learning systems for ENEM students.

    Lead Investors: Anjos do Brasil

    Previous Rounds

    2022-01-01 / Pre-Seed

    Lead Investors: WOW Aceleradora

    Generated on 2026-04-11 10:37:06
  • Brazil Venture Capital Deals Report โ€“ February 2026

    February 2026 looked like a month when investors kept one hand on the spreadsheet and the other on the hype buzzer. There was real money deployed, but not in a spray-and-pray sort of way: capital clustered around fintech infrastructure, cybersecurity, and agtechโ€”sectors with enough substance to survive after the AI glitter settles. If January wore a blazer over a T-shirt, February upgraded to loafers and started asking tougher questions about revenue quality. 

    The file also has a familiar venture quirk: tiny rounds with enormous ambition sitting right next to institutional checks that actually move the market. That contrast is the story. Some founders are still selling the future with admirable confidence; others are quietly becoming the companies that incumbents and late-stage investors can no longer ignore. As usual, the ecosystem loves a good narrativeโ€”but this month, capital was mostly chasing companies that had one. 

    1. Avenia โ€” Series A, USD 17.25M
    This is the cleanest โ€œimportant venture dealโ€ in the file. The round is large, the step-up from a roughly USD 2.1M Seed is dramatic, and the syndicate is stacked: Quona Capital and big_bets lead, with Sequoia Capital, Headline, Endeavor, Patria, Scale-Up Ventures, and others in the mix. The company is pitching itself as the โ€œAWS for financial servicesโ€ with stablecoin-powered FXโ€”exactly the kind of infrastructure-meets-fintech story that gets sophisticated investors excited when the rails are more interesting than the app. This matters because it signals that Latin American financial plumbing is still one of the few places where big vision and real capital can coexist without everyone needing to pretend it is consumer social.ย 

    2. Segura โ€” Private Equity, USD 25M
    By raw dollars, this is one of the monthโ€™s biggest disclosed checks, and the category gives it extra weight. Segura, formerly senhasegura, is already a recognized name in Privileged Access Management, which means this is not just another cyber startup hoping โ€œzero trustโ€ still sounds expensive enough. Riverwood Capital leading a USD 25M private equity round after a prior USD 13M Series A is a strong endorsement of both maturity and market position. For the ecosystem, it is a reminder that cybersecurity in Brazil can produce real scaleโ€”not just good decks and anxious CISOs. 

    3. meutudo โ€” Private Equity, amount undisclosed
    An undisclosed round usually makes editors grumpy, but meutudo belongs here because significance can outweigh missing numerals. BTG Pactual leading a private equity round into one of Brazilโ€™s most relevant credit platforms is a major institutional signal, especially given the companyโ€™s long arc from Seed backing by DOMO.VC, Bossa Invest, and BoostLAB into a much more mature financing event. This is not a novelty bet; it is a scaled fintech story entering the zone where large financial institutions start treating startups less like experiments and more like strategic assets. That is when the ecosystem stops calling you โ€œpromisingโ€ and starts calling your banker. 

    4. BEMAGRO โ€” Series A, USD 5.8M
    BEMAGRO makes the list because it combines solid round size, repeat backing, and a strategically important sector. After two 2024 Seed rounds led by CNH Industrial and backed by corporate and ag-focused investors, the company returned with a USD 5.8M Series A led by Arara Seed and The Yield Lab LATAM, while keeping an impressively relevant syndicate that includes Positive Ventures, Suzano Ventures, and CNH Industrial. In plain English: this is agtech with grown-up backing, not just drone footage over soybean fields. It matters because Brazil continues to generate some of its most defensible venture cases where software meets the physical economy. 

    5. Ruvo โ€” Seed, USD 4.6M
    Ruvo earns its slot because the round punches above its weight on investor quality. A USD 4.6M Seed is already meaningful, but the syndicateโ€”1confirmation leading, with Coinbase Ventures and Y Combinator participatingโ€”puts this firmly in the โ€œpay attentionโ€ category. The company is building a cross-border account layer connecting USD, BRL, Pix, crypto, and Visa, which lands squarely in the increasingly crowded but still important race to modernize money movement. Editorially, this is the kind of deal that says global crypto-fintech investors still see LatAm as fertile groundโ€”provided the startup is solving a real payments problem and not just inventing a new token to celebrate having one.

    February deals:

    Deals Coverage Report ย |ย  Period: February 2026 โ€“ February 2026

    2026-02-17 / Takeat / Series A / USD 2,871,418

    Takeat develops a restaurant management platform offering digital waiter services.

    Lead Investors: DGF, Quartzo Capital / Investors: Anjos do Brasil, DGF, Quartzo Capital

    Previous Rounds

    2025-03-24 / Pre-Seed / USD 347,180

    Lead Investors: N/A

    2024-08-01 / Angel

    Lead Investors: Anjos do Brasil

    2022-10-25 / Pre-Seed / USD 75,235

    Lead Investors: ACE Ventures, TM3 Capital

    2020-08-01 / Angel / USD 13,403

    Lead Investors: Guilherme Ferreira


    2026-02-14 / BEMAGRO / Series A / USD 5,800,000

    BEMAGRO offers imaging solutions through artificial intelligence to promote productive and sustainable agriculture.

    Lead Investors: Arara Seed, The Yield Lab LATAM / Investors: AgroVen, Arara Seed, Atvos, CNH Industrial, Grupo Colorado, MM Agro International, Positive Ventures, Rural Ventures, Suzano Ventures, The Yield Lab LATAM

    Previous Rounds

    2024-08-14 / Seed / USD 2,742,030

    Lead Investors: CNH Industrial / Investors: Atvos, CNH Industrial, Suzano Ventures

    2024-02-20 / Seed / USD 2,069,847

    Lead Investors: CNH Industrial / Investors: AgroVen, CNH Industrial, MM Agro International, Rural Ventures


    2026-02-12 / meutudo. / Private Equity

    Our objective is to transform credit in Brazil so that people can have cheaper money when they need it.

    Lead Investors: BTG Pactual

    Previous Rounds

    2021-03-10 / Seed

    Lead Investors: BoostLAB

    2020-04-01 / Seed

    Lead Investors: DOMO.VCย 

    2017-02-20 / Seed / USD 3,000,000

    Lead Investors: ย Grupo MCF


    2026-02-10 / Seguraยฎ / Private Equity / USD 25,000,000

    Seguraยฎ (formerly senhasegura) is a leader in Privileged Access Management (PAM), delivering security that’s fast, simple, and powerful.

    Lead Investors: Riverwood Capital

    Previous Rounds

    2022-12-06 / Series A / USD 13,000,000

    Lead Investors: Graphene Ventures


    2026-02-09 / Avenia / Series A / USD 17,252,617

    Avenia is building the AWS for financial services in Latin America, starting with stablecoin-powered FX.

    Lead Investors: big_bets, Quona Capital / Investors: Accel Ventures scout fund, big_bets, Endeavor, Fluent Ventures, Headline, Kazea Capital, Palm Drive Capital, Patria Investments, Quona Capital, Scale-Up Ventures, Sequoia Capital, Tomorrow Capital

    Previous Rounds

    2025-05-22 / Seed / USD 2,098,783

    Lead Investors: big_bets, Fluent Ventures

    2024-01-29 / Pre-Seed

    Lead Investors: 99 Capital / Investors: 99 Capital, big_bets

    2023-10-23 / Pre-Seed / USD 598,313

    Lead Investors: Rodrigo Benez, Wei Zhou


    2026-02-09 / MOVA Protocol / Seed / USD 3,000,000

    MOVA Protocol transforms real-world movement into verifiable digital assets and data intelligence.

    Lead Investors: N/A


    2026-02-09 / Dastia / Pre-Seed / USD 15,336

    AI-native management copilot designed to turn operational complexity into clarity, strategy, and consistent execution.

    Lead Investors: N/A


    2026-02-03 / Ruvo / Seed / USD 4,600,000

    Ruvo is a global account for USD and BRL, connecting Pix, crypto, and Visa to receive dollars, convert instantly, and spend globally

    Lead Investors: 1confirmation / Investors: 1confirmation, Blast, Coinbase Ventures, First Check Ventures, Mission Street Capital, Neer Venture Partners, Rebel Fund, Y Combinator


    2026-02-03 / PitchYes / Angel

    PitchYes leverages voice AI to conduct outbound sales calls, replacing and augmenting human SDRs.

    Lead Investors: Anjos do Brasil

    Previous Rounds

    2025-03-25 / Corporate Round / USD 210,500

    Lead Investors: Open Data Center


    2026-02-03 / Boreal / Pre-Seed / USD 2,863,087

    Banco Boreal is a financial services platform in Brazil that offers a suite of solutions designed to optimize business financial management.

    Lead Investors: SRM Ventures


    2026-02-01 / Glamm / Pre-Seed

    Brazilian BeautyTech marketplace that connects clients with independent beauty and wellness professionals through an on-demand platform

    Lead Investors: N/A

    Previous Rounds

    2024-10-01 / Pre-Seed / USD 80,000

    Lead Investors: Richard Cezario

    Generated on 2026-03-28 20:26:56

  • Brazil Venture Capital Deals Report โ€“ January 2026

    January 2026 felt like a month when venture investors tried to look disciplined while still sneaking out for a little speculative fun. The file is not packed with endless trophy rounds, but it does have a clear hierarchy: one genuinely large financing, a couple of strong follow-on rounds with respectable backers, and a few smaller checks where the investor name matters more than the amount. In other words, the market opened the year wearing a blazer over a T-shirtโ€”serious enough for the LP meeting, casual enough to still say โ€œAI-nativeโ€ with a straight face. 

    The vibe, broadly, was selective optimism. Infrastructure, fintech, ag, and workflow software drew the most credible attention, while several smaller rounds looked more like option value than conviction. That is not a criticism; it is just the modern venture ecosystem doing what it does best: funding the future in uneven bursts, then pretending the pattern was obvious all along. Januaryโ€™s winners were the companies that either raised real money, attracted real investors, or managed to do both without hiding behind too much PowerPoint perfume. 

    1. UY3 โ€” Venture round, USD 37.2M
    This is the undisputed heavyweight of the month. On round size alone, UY3 towers over the rest of the file, and the step-up from its June 2025 round of about USD 9.1M to USD 37.2M suggests meaningful momentum rather than a polite bridge dressed as growth capital. Vinci Compass leading adds institutional heft, and the companyโ€™s positioning in financial solutions and credit services gives it enough market relevance to matter beyond the spreadsheet. For the ecosystem, this is the kind of round that says capital is still available for fintech-adjacent infrastructureโ€”provided you are building something more durable than a glorified cashback app. 

    2. Nagro โ€” Series B, USD 9.3M
    Nagro earns its place because it checks every editorial box: meaningful size, clean stage progression, and credible investors. The company has gone from angel and pre-seed roots through Seed and Series A into a Series B led by Rabo Partnerships, with Itaรบ Ventures in the syndicate. That is serious validation in agfintech, a sector where thematic appeal alone is never enoughโ€”you need underwriting logic, distribution, and trust. This round matters because it reinforces a theme Brazil keeps producing: venture-scale companies built around real economy pain points. Ag is not always glamorous, but it does have the rude habit of mattering. 

    3. Lerian โ€” Seed, USD 5.68M
    For a Seed round, this is a very respectable check, and the syndicate makes it more interesting. MAYA Capital is back after leading the prior USD 3.17M Seed, while Norte Ventures, Crivo, Supera, BluStone, and Kevin Efrusy deepen the credibility. More important, the company is in core banking infrastructure built on an open-source ledgerโ€”exactly the kind of plumbing-layer bet sophisticated investors like when they want exposure to fintech without buying the thousandth front-end neobank pitch. The relevance here is not just that Lerian raised money; it is that it raised again from people who understand the stack. That tends to be a better signal than founders using the phrase โ€œmodular bankingโ€ like incense. 

    4. Magie โ€” Seed, USD 5M
    Magie makes the cut because the company combines a strong narrative with a strong repeat backer. Lux Capital led both the prior USD 3.93M Seed and this new USD 5M round, after Canary had backed the pre-seed, which tells you this is not random tourist money wandering through Latin America. The โ€œWhatsAppโ€™s first smart accountโ€ positioning gives it a high hype factor, but it is also aimed at a very real user behavior layer in Brazil and other messaging-first markets. Editorially, this matters because investors are clearly still willing to fund consumer-productivity hybrids when distribution logic feels native rather than imported. It is a reminder that sometimes the biggest interface in the market is not an app storeโ€”it is the green chat bubble everyone already lives in. 

    5. Camu โ€” Venture round, amount undisclosed
    Normally, undisclosed rounds are annoying, because they ask editors to clap without showing the scoreboard. But Camu still belongs in the top five because Andreessen Horowitz is the lead investor, and that changes the conversation immediately. Even without an amount, a16z plus Everywhere Ventures behind a tax software company is not trivial; it suggests the company has both product ambition and enough category relevance to attract globally recognized capital into a deeply unsexy but mission-critical problem. And frankly, that is part of why it matters: taxes are the sort of pain point that founders rarely glamorize but customers never ignore. In venture, โ€œboring but hugeโ€ has funded a lot more success than โ€œviral but vague.โ€ 

    A near miss is Anbetec Tecnologia, which raised a healthy USD 5.67M and sits in enterprise ERP infrastructure, but the investor signal is not quite as sharp as the five above. Aliado also deserves a nod for the AI-retail angle and the Headline backing, yet the round is smaller and the financing history less developed. Good companies, interesting roundsโ€”just not the five that best define Januaryโ€™s actual power structure.

    January deals

    2026-01-30 / Limbos Games / Pre-Seed / USD 575

    Limbos Games is an indie studio crafting survival horror and stealth games with psychology, social impact, and community focus.

    Lead Investors: N/A

    Previous Rounds

    2025-10-16 / Pre-Seed / USD 184

    Lead Investors: N/A

    2024-11-04 / Pre-Seed / USD 1,000

    Lead Investors: N/A


    2026-01-27 / Lerian / Seed / USD 5,680,959

    Lerian is a next-gen core banking platform built on top of an open source ledger.

    Lead Investors: MAYA Capital / Investors: BluStone, Crivo Ventures, Kevin Efrusy, MAYA Capital, Norte Ventures, Supera Capital

    Previous Rounds

    2024-11-06 / Seed / USD 3,170,409

    Lead Investors: MAYA Capital / Investors: Crivo Ventures, MAYA Capital, Norte Ventures, Quartz Ventures, Supera Capital


    2026-01-27 / Tem Lugar / Corporate Round

    Tem Lugar connects companies that need storage space with owners of warehouses and sheds with available capacity.

    Lead Investors: Mouts TI


    2026-01-26 / Anbetec Tecnologia / Venture – Series Unknown / USD 5,669,684

    Anbetec Tecnologia provides consulting, support, maintenance, implementation, integration, and automation tools for ERP systems.

    Lead Investors: SRM Ventures


    2026-01-26 / Jabuti Technologies / Seed / USD 396,878

    Jabuti AGI develops AI solutions for digital multichannel environments, enhancing operational efficiency and sustainable human interactions.

    Lead Investors: DOMO.VC


    2026-01-21 / Nagro / Series B / USD 9,301,979

    Nagro is a brazilian agfintech, delivering credit to small and midsize farmers and helping agribusiness chain reduce risk throughs BigData.

    Lead Investors: Rabo Partnerships / Investors: Itaรบ Ventures, Rabo Partnerships

    Previous Rounds

    2023-09-20 / Series A / USD 8,000,000

    Lead Investors: Kinea Investimentos Ltda, Oasis Ventures

    2021-12-15 / Seed / USD 1,400,000

    Lead Investors: N/A

    2020-01-01 / Pre-Seed / USD 700,000

    Lead Investors: Ariel Lambrecht

    2019-08-01 / Angel / USD 325,000

    Lead Investors: Ariel Lambrecht


    2026-01-20 / Uma Penca / Venture – Series Unknown / USD 837,833

    Uma Penca lets artists, creators, brands, and entrepreneurs design and sell products without managing inventory, production, or logistics.

    Lead Investors: Grupo Gaia


    2026-01-19 / Beepay / Angel

    Beepay is a mobile checkout platform enabling autonomous stores with barcode scanning, digital payments, and inventory management.

    Lead Investors: Anjos do Brasil

    Previous Rounds

    2020-09-16 / Pre-Seed / USD 78,663

    Lead Investors: N/A


    2026-01-17 / UY3 / Venture – Series Unknown / USD 37,200,000

    UY3 offers financial solutions and credit services for businesses, emphasizing efficient and humanized customer support.

    Lead Investors: Vinci Compass

    Previous Rounds

    2025-06-17 / Venture – Series Unknown / USD 9,101,169

    Lead Investors: NVA Capital, Vectis


    2026-01-14 / Magie / Seed / USD 5,000,000

    Magie is WhatsApp’s first smart account, designed for people who understand the value of their time.

    Lead Investors: Lux Capital

    Previous Rounds

    2024-08-22 / Seed / USD 3,933,840

    Lead Investors: Lux Capital

    2024-05-07 / Pre-Seed / USD 1,182,313

    Lead Investors: Canary


    2026-01-09 / Aliado / Seed / USD 2,408,121

    Aliado uses AI to analyze in-store interactions, find why sales fail, and deliver instant micro-training to retail staff.

    Lead Investors: Headline, Nestal


    2026-01-07 / Ummix Ads / Angel

    Ummix Ads focuses on modernizing how companies buy and manage traditional media advertising.

    Lead Investors: Monique Evelle


    2026-01-05 / MRS Logรญstica / Corporate Round

    MRS Logรญstica is a concessionary that controls, operates and monitors the Southeastern Federal Railroad Network Company.

    Lead Investors: Companhia Siderรบrgica Nacional


    2026-01-03 / Vatten Pharma / Seed / USD 2,000,000

    Vatten Pharma is building a next-generation pharmaceutical platform focused on transforming cannabinoid.

    Lead Investors: FasterCapital, Hesham Zreik


    2026-01-01 / Camu / Venture – Series Unknown

    Camu is a developer of tax software aimed at simplifying the complexities of indirect taxes.

    Lead Investors: Andreessen Horowitz / Investors: Andreessen Horowitz, Everywhere Ventures

    Generated on 2026-03-28 20:17:30

  • Notable VC Deals in Brazil โ€“ September 2025

    Founders Fund and Sequoia Lead $35M Round in Brazilian Legaltech Enter

    Brazilian legaltech Enter has raised $35 million in a round co-led by Founders Fundand Sequoia Capital, reaching a valuation of around R$ 2 billion (โ‰ˆ US$ 350 million). The round also included Atlantico and ONEVC, highlighting growing investor confidence in Brazilโ€™s artificial-intelligence ecosystem.

    Enter uses AI to deliver auditable and reliable legal drafting for large companies and law firms, helping automate tasks such as case analysis, document generation, and litigation management. In a country with nearly 80 million ongoing lawsuits, the companyโ€™s technology promises to reduce costs and accelerate workflows in one of the worldโ€™s most complex legal systems.

    The startup already works with major enterprises including Itaรบ, Santander, Mercado Livre, Nubank, and Airbnb, and expects to handle around 250,000 lawsuits this year alone.

    This investment is significant for several reasons. It marks Sequoiaโ€™s second AI investment in Brazil, following its participation in Avra, and brings Peter Thielโ€™s Founders Fund back to the regionโ€”both funds were early backers of Nubank, now Latin Americaโ€™s most valuable fintech. Their renewed interest signals that Brazilโ€™s AI startups are entering a new phase of global relevance.

    Beyond its valuation milestone, Enterโ€™s round underscores how AI-driven vertical solutionsโ€”in this case, legaltechโ€”are becoming central to Latin Americaโ€™s innovation story. For global and local investors alike, the deal suggests Brazil is no longer just producing consumer-focused startups, but also deep-tech companies capable of solving structural inefficiencies in traditional industries.

    Enterโ€™s success may well open the door for a new generation of AI companies emerging from Brazilโ€™s vibrant tech scene.


    Infleet Raises $7.54M to Scale AI + IoT in Fleet & Logistics Hub

    Brazilian startup Infleet, which offers a logistics and equipment management integration hub, has secured USD 7,538,920 (โ‰ˆ R$ 40 million) in a Series A round led by Canary, Citrino Ventures, and Indicator Capital. Other participants include BluStone, DOMO.VC, and Scale-Up Ventures

    Infleet combines IoT sensors, real-time connectivity, and AI analytics to bring transparency, predictive insights, and operational agility to fleets. Its platform monitors driver behavior, vehicle condition, and usage patterns, enabling cost control, preventive maintenance, and risk reduction. 

    The Brazilian logistics market remains heavily truck-dependent: most goods move by road, and fleet operators face huge cost pressures, regulatory complexity, and fragmentation. Infleetโ€™s growth addresses a critical infrastructure bottleneck in Brazilโ€™s supply chain.

    The startup has been growing at breakneck speedโ€”reporting 120 % year-over-year growth, having expanded 50ร— since inception, and projecting similar momentum into 2025โ€“2026. 

    With the new capital, Infleet plans to accelerate development of its โ€œIntelligent Copilotโ€ โ€” a proactive assistant that alerts drivers to risk (e.g. fatigue, speed, distraction) while surfacing strategic dashboards and cost levers for fleet managers. 

    This funding round signals growing investor confidence in Latin Americaโ€™s infrastructure software layer. Infleet represents more than a logistics play: it exemplifies how IoT + vertical AI can modernize foundational industrial systems that rarely draw attention โ€” until inefficiencies become crippling.

    As Brazil seeks productivity gains across supply chains, Infleet may become a key enabler of smarter, safer, and more sustainable transport operations across the region.


    Omie Secures $158M in Landmark Deal, Brings Global Growth Capital to Brazil

    Sรฃo Paulo โ€” In one of the most significant Brazilian startup financings of 2025, Omie, a cloud ERP/CRM software provider for small and medium enterprises, has raised USD 158,233,705 in a round led by Partners Group

    As part of the transaction, Partners Group acquired approximately 15 % of Omie for USD 100 million, valuing the company at around USD 700 million. The deal included a secondary component, allowing early investors (e.g. SoftBank, Riverwood, Astella) to partially exit while continuing to hold positions. 

    Omie, founded in 2013, has built a highly capital-efficient growth trajectory. Over 11 years, it has raised modest amounts relative to peers, yet matured into a stable SaaS operator serving more than 180,000 customers with 30โ€“40 % annual growth, processing USD 6.5 billion in monthly invoices, and achieving cash-flow positivity since mid-2023.

    This raise is a milestone for Brazilian tech: it marks Partners Groupโ€™s first growth equity investment in Brazil, and underscores the renewed appetite for Latin Americaโ€™s scale-stage SaaS companies. Omieโ€™s strong fundamentals and efficiency make it a poster child for how discipline and product leverage can attract global capital into Brazilโ€™s SME infrastructure space.

    In a market often dominated by high-risk bets, Omieโ€™s rise shows the power of sustainable growth, deep vertical focus, and leveraging accounting channels to penetrate under-digitalized small business segments.

  • Brazil Venture Capital Deals Report – September 2025


    Angel

    • TISA
      • Description: TISA is a real estate intelligence platform that uses technology, AI, and expertise to simplify and streamline the sector.
      • Money Raised (in USD): N/A
      • Lead Investors: N/A
      • Investor Names: N/A

    Pre-Seed

    • Box24x7
      • Description: Box24x7 provides a tool and utensil rental service, allowing users to rent items and pay only for the time used.
      • Money Raised (in USD): $207,320
      • Lead Investors: Anjos do Brasil, Inova Startups
      • Investor Names: N/A
    • Cacao
      • Description: Cacao is a fintech platform that allows Brazilians to receive, store, spend, and withdraw USD instantly.
      • Money Raised (in USD): $500,000
      • Lead Investors: Y Combinator
      • Investor Names: Rebel Fund
    • Chefia
      • Description: Chefia is a digital platform that provides knowledge, tools, benefits, and technology for food industry professionals.
      • Money Raised (in USD): $188,087
      • Lead Investors: Investidores.VC
      • Investor Names: Anjos do Brasil
    • Conecta Dados
      • Description: Conecta Dados is a data analytics platform that automates and analyzes data for solutions.
      • Money Raised (in USD): $188,473
      • Lead Investors: N/A
      • Investor Names: N/A
    • Flowup
      • Description: Flowup is a software development company that provides task management optimization, financial management, and productivity solutions.
      • Money Raised (in USD): N/A
      • Lead Investors: Bossa Invest
      • Investor Names: N/A
    • Let’s Work
      • Description: Let’s Work is a Software Development firm offering an HR tech for people management, simplify administrative processes and accurate data.
      • Money Raised (in USD): N/A
      • Lead Investors: Bossa Invest
      • Investor Names: N/A
    • Olho do Dono
      • Description: Olho do Dono develops a 3D camera to calculate the weight of cattles. Winner of the 1st Techcrunch Startup Battlefield LATAM.
      • Money Raised (in USD): $410,892
      • Lead Investors: BR Angels
      • Investor Names: N/A
    • RevisaPrev
      • Description: RevisaPrev is a technology company that specializes in retirement review and pension planning services.
      • Money Raised (in USD): $714,729
      • Lead Investors: Bossa Invest, DOMO.VC
      • Investor Names: N/A
    • Vigogh
      • Description: Vigogh provides AI-powered workflow automation for businesses.
      • Money Raised (in USD): N/A
      • Lead Investors: Matheus Rabelo
      • Investor Names: N/A

    Seed

    • AEVO Innovate
      • Description: AEVO is a startup with innovative solutions for managing business innovation, projects and industrial processes.
      • Money Raised (in USD): $997,101
      • Lead Investors: FUNSES1
      • Investor Names: N/A
    • Deepful
      • Description: Deepful is the most comprehensive and pharmaceutical-specific AI-powered role-playing platform, aimed to improve commercial performance.
      • Money Raised (in USD): $934,143
      • Lead Investors: Aggir Ventures
      • Investor Names: N/A
    • Joinin
      • Description: Joinin focuses on human resources (RH in Portuguese) and corporate communication software.
      • Money Raised (in USD): N/A
      • Lead Investors: Parceiro Ventures
      • Investor Names: N/A
    • Layers Education
      • Description: Educational SSO that engages parents with communication tools.
      • Money Raised (in USD): $3,963,524
      • Lead Investors: Constellation Software
      • Investor Names: N/A
    • Pix Mรญdia
      • Description: Pix Mรญdia is a digital signage software and solutions provider intended for television distribution.
      • Money Raised (in USD): N/A
      • Lead Investors: Bossa Invest
      • Investor Names: N/A
    • Portables Technology
      • Description: Portables is a technology company that provides services and develops solutions for public administration bodies in Brazil.
      • Money Raised (in USD): N/A
      • Lead Investors: Bossa Invest
      • Investor Names: N/A
    • Typcal
      • Description: Typcal is a food company that provides healthy and sustainable food ingredients.
      • Money Raised (in USD): $410,691
      • Lead Investors: Biotope
      • Investor Names: N/A
    • Wehandle
      • Description: Wehandle provides third-party management services.
      • Money Raised (in USD): $6,618,499
      • Lead Investors: Canary
      • Investor Names: BluStone, ONEVC, Quartzo Capital, Valutia

    Series A

    • 180 Seguros
      • Description: 180 Seguros is Brazilโ€™s first tech-driven insurance carrier offering embedded insurance products and infrastructure.
      • Money Raised (in USD): $6,300,000
      • Lead Investors: 8VC, Canary, MONASHEES
      • Investor Names: FJ Labs
    • Arvo
      • Description: Arvo is a healthcare technology startup that uses artificial intelligence to secure the integrity of healthcare transactions.
      • Money Raised (in USD): $20,006,361
      • Lead Investors: Base10 Partners, Kaszek
      • Investor Names: Canary, K50 Ventures
    • BotCity
      • Description: BotCity is a governance and orchestration platform for Python scripts created by AI or humans.
      • Money Raised (in USD): $12,191,920
      • Lead Investors: Four Rivers Group
      • Investor Names: Astella, Firestreak Ventures, Lew Cirne, Sagol Holdings, Upload Ventures, Y Combinator
    • CredAluga
      • Description: CredAluga is a B2B2C fintech company that offers innovative financial solutions for rental partnering with real estate agencies.
      • Money Raised (in USD): $11,215,163
      • Lead Investors: Provence Capital
      • Investor Names: N/A
    • CUB
      • Description: CUB develops a platform that automates the management of receivables and after-sales for subdivisions.
      • Money Raised (in USD): $5,662,178
      • Lead Investors: Alexia Ventures, Upload Ventures
      • Investor Names: Graphene Ventures, Guilherme Bonifacio, Patrick Sigrist, Terracotta Ventures
    • Enter
      • Description: Enter uses artificial intelligence to provide auditable and reliable legal drafting for lawyers.
      • Money Raised (in USD): $35,000,000
      • Lead Investors: Founders Fund, Sequoia Capital
      • Investor Names: Atlantico, ONEVC
    • Infleet
      • Description: Infleet provides transparency and agility by integrating a hub involving logistics and equipment management services.
      • Money Raised (in USD): $7,538,920
      • Lead Investors: Canary, Citrino Ventures, Indicator Capital
      • Investor Names: BluStone, DOMO.VC, Scale-Up Ventures
    • Kamino
      • Description: Kamino unifies software, bank accounts & cards into one AI-powered Financial OS for mid-market CFOs.
      • Money Raised (in USD): $9,927,748
      • Lead Investors: Flourish Ventures, Quona Capital
      • Investor Names: Endeavor Catalyst
    • Kirvano
      • Description: Kirvano is a payment platform for content creators and infoproducers, ensuring secure and swift transactions.
      • Money Raised (in USD): N/A
      • Lead Investors: Giovane Freitas Ferreira
      • Investor Names: N/A
    • Lastro
      • Description: AI platform for real estate agencies.
      • Money Raised (in USD): $15,995,484
      • Lead Investors: Prosus
      • Investor Names: 1Sharpe Ventures, Canary, FJ Labs, QED Investors, Scale-Up Ventures

    Series B

    • Caf
      • Description: Caf specializes in artificial intelligence, digital identity, and document analysis to make digital onboarding.
      • Money Raised (in USD): $9,386,498
      • Lead Investors: L4 Venture Builder
      • Investor Names: N/A
    • Ume
      • Description: Ume is a credit platform that specializes in accessing credit to all individuals for all purchases.
      • Money Raised (in USD): $21,000,000
      • Lead Investors: Bewater, Valor Capital Group
      • Investor Names: big_bets, Canary, Clocktower Technology Ventures, Endeavor, Globo Ventures, NFX, Norte Ventures, PayPal Ventures

    Series C

    • A5X
      • Description: A5X is a financial institutional platform offers trading and post-trading solutions to the capital and financial markets.
      • Money Raised (in USD): $37,617,319
      • Lead Investors: N/A
      • Investor Names: ABN AMRO Clearing, Ideal CTVM, IMC Trading, Jump Trading, Optiver, XTX Markets

    Series D

    • Omie
      • Description: Omie is a software enterprise that develops Native Cloud ERP and CRM for small and medium companies.
      • Money Raised (in USD): $158,233,705
      • Lead Investors: Partners Group
      • Investor Names: N/A

    Venture – Series Unknown

    • ASAAS
      • Description: Asaas helps individuals and companies automate financial processes and improve their relationship with customers.
      • Money Raised (in USD): $6,441,876
      • Lead Investors: Vivo Ventures
      • Investor Names: N/A

    Other Transaction Types

    • Gabriel (Bridge)
      • Description: We are on a quest to serve dangerous cities with safe and transparent streets for everyone.
      • Money Raised (in USD): $6,455,064
      • Lead Investors: Astella, Qualcomm Ventures
      • Investor Names: Alter Global, Globo Ventures
    • Hubfi (Equity Crowdfunding)
      • Description: Hubfi offers a SaaS back-office outsourcing platform that blends technology and human support to streamline financial market operations.
      • Money Raised (in USD): $332,367
      • Lead Investors: Investidores.VC
      • Investor Names: N/A
    • Omie (Secondary Market)
      • Description: Omie is a software enterprise that develops Native Cloud ERP and CRM for small and medium companies.
      • Money Raised (in USD): N/A
      • Lead Investors: Partners Group
      • Investor Names: N/A

    Missing your deal? Reach out atย contact@vcbrazil.com.