Category: deals_2025

  • Brazil Venture Capital Deals Report – 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-shirt—serious enough for the LP meeting, casual enough to still say “AI-native” 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. January’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 — 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 company’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 infrastructure—provided you are building something more durable than a glorified cashback app. 

    2. Nagro — 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 Itaú Ventures in the syndicate. That is serious validation in agfintech, a sector where thematic appeal alone is never enough—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 — 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 ledger—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 “modular banking” like incense. 

    4. Magie — 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 “WhatsApp’s first smart account” 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 store—it is the green chat bubble everyone already lives in. 

    5. Camu — 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, “boring but huge” has funded a lot more success than “viral but vague.” 

    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 rounds—just not the five that best define January’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: Itaú 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 Logística / Corporate Round

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

    Lead Investors: Companhia Siderúrgica 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 – 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 (≈ US$ 350 million). The round also included Atlantico and ONEVC, highlighting growing investor confidence in Brazil’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 company’s technology promises to reduce costs and accelerate workflows in one of the world’s most complex legal systems.

    The startup already works with major enterprises including Itaú, 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 Sequoia’s second AI investment in Brazil, following its participation in Avra, and brings Peter Thiel’s Founders Fund back to the region—both funds were early backers of Nubank, now Latin America’s most valuable fintech. Their renewed interest signals that Brazil’s AI startups are entering a new phase of global relevance.

    Beyond its valuation milestone, Enter’s round underscores how AI-driven vertical solutions—in this case, legaltech—are becoming central to Latin America’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.

    Enter’s success may well open the door for a new generation of AI companies emerging from Brazil’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 (≈ 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. Infleet’s growth addresses a critical infrastructure bottleneck in Brazil’s supply chain.

    The startup has been growing at breakneck speed—reporting 120 % year-over-year growth, having expanded 50× since inception, and projecting similar momentum into 2025–2026. 

    With the new capital, Infleet plans to accelerate development of its “Intelligent Copilot” — 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 America’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 — 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

    São Paulo — 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 30–40 % 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 Group’s first growth equity investment in Brazil, and underscores the renewed appetite for Latin America’s scale-stage SaaS companies. Omie’s strong fundamentals and efficiency make it a poster child for how discipline and product leverage can attract global capital into Brazil’s SME infrastructure space.

    In a market often dominated by high-risk bets, Omie’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 Mídia
      • Description: Pix Mídia 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 Brazil’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 at contact@vcbrazil.com.