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1. TRACXN MONTHLY REPORT
AUGUST 2021
BRAZIL TECH

2. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Brazil Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
Acquisitions 12
Recent News 13

3. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Brazil Tech Snapshot – August 2021
Brazil Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.5B
10
Overall Geo Stats
9
6
40
26
11
Funding Rounds $ Invested Analyst Picks
Omie Upgraded to
UNICORN
New Investors
Prosus
Scale Up Venture
Capital
Series A+ rounds Active Investors IPOs Acquisitions
Octadesk#@
Volanty#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(8 Rounds, $1.3B)
Sao Paulo City
(1 Rounds, $104M)
Curitiba
(1 Rounds, $10.3M)
Belo Horizonte
(1 Rounds, $956K)
$500M - Series E
Nuvemshop (2011, Sao Paulo, $632M)
$200M - Series D
Movile (1998, Sao Paulo, $200M)
$150M - Series C
Pet Love (1999, Sao Paulo, $226M)
$121M - Series C
Unico (2007, Sao Paulo, $237M)
SoftBank Corp
(3 Investments)
Tiger Global Management
(2 Investments)
Tencent
(2 Investments)
Riverwood Capital
(2 Investments)
E-Commerce Enablers
Nuvemshop
Pet Tech
Pet Love
RegTech
Unico
Cybersecurity
Market Size
Companies Covered 7,588
Funded Companies 1,539
Total Funding $16.0B
Funding in last 12 months $7.7B
Top Exits
IPOs 22
Acquisitions 218
Company Stage
Unicorns 11
Soonicorns 36
Minicorns 90
Editor Picks 663
Series A+ 315
Series C+ 79
Acqui-Hires 3
Deadpooled 696
Top Cities
Sao Paulo (590 Rounds, $11.7B)
Rio De Janeiro (104 Rounds, $559M)
Top Investors
Monashees (54 Investments)
Spectra (43 Investments)

4. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Brazil Tech as of August 2021
Brazil Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Nuvemshop
(2011, Sao Paulo, $632M)
$500M - Series E Insight Partners
Movile
(1998, Sao Paulo, $200M)
$200M - Series D Prosus
Unico
(2007, Sao Paulo, $237M)
$121M - Series C General Atlantic
QuintoAndar
(2012, Sao Paulo, $755M)
$120M - Series E Greenoaks
Cora
(2019, Sao Paulo, $153M)
$116M - Series B Greenoaks
Omie
(2013, Sao Paulo, $138M)
$112M - Series C SoftBank Corp
Kovi
(2018, Sao Paulo City, $145M)
$104M - Series B Valor
InstaCarro
(2015, Sao Paulo, $56.0M)
$23.0M - Series B J Ventures
LogComex
(2015, Curitiba, $10.9M)
$10.3M - Series A Alexia
Mereo
(2012, Belo Horizonte, $956K)
$956K - Seed KPTL
*Shows only the lead Investors

5. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Brazil Tech in August 2021
Brazil Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$111.9M - Series C
Omie (2013, Sao Paulo, $138.0M)
Cloud based platform offering ERP and CRM solutions
for SMBs
SoftBank Corp, HIX Capital, Riverwood Capital, Brasil
Capital, BOGARI CAPITAL, and 1 more
LATE STAGE
$120.0M - Series E
QuintoAndar (2012, Sao Paulo, $755.0M)
Online brokerage firm for rental properties
Greenoaks, Tencent
LATE STAGE
$120.6M - Series C
Unico (2007, Sao Paulo, $237.3M)
Provider of facial biometrics authentication solutions
General Atlantic, SoftBank Corp, Big Bets Ou, Micky
Malta
LATE STAGE
$150.0M - Series C
Pet Love (1999, Sao Paulo, $225.8M)
Platform offering multi-category supplies for cats and
dogs
Riverwood Capital, Tarpon, L Catterton, Porto Seguro,
Monashees, and 1 more
LATE STAGE
$200.0M - Series D
Movile (1998, Sao Paulo, $200.0M)
Provider of an online technology company
Prosus
LATE STAGE
$500.0M - Series E
Nuvemshop (2011, Sao Paulo, $632.0M)
SaaS-based solution that enables merchants to build &
maintain an online store
Insight Partners, Tiger Global Management, Alkeon
Capital Management, Qualcomm Ventures, Owl Rock,
and 6 more
EARLY STAGE
$10.3M - Series A
LogComex (2015, Curitiba, $10.9M)
Offers SaaS-based trade analytics solution for the
logistics industry
Caravela Capital, Igah Ventures, Scale Up Venture
Capital, Invest Tech, Alexia
EARLY STAGE
$23.0M - Series B
InstaCarro (2015, Sao Paulo, $56.0M)
Online C2B marketplace for used cars
J Ventures, FJ Labs, Rise Capital, All Iron, Big Sur
Ventures
EARLY STAGE
$104.0M - Series B
Kovi (2018, Sao Paulo City, $144.7M)
Online platform offering car-rental services
Valor, Prosus, Quona Capital, Monashees, Global
Founders Capital, and 1 more

6. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Brazil Tech in August 2021
Brazil Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$116.0M - Series B
Cora (2019, Sao Paulo, $153.0M)
Digital bank for businesses
Greenoaks, Tencent, Tiger Global Management
SEED STAGE
$955.6K - Seed
Mereo (2012, Belo Horizonte, $955.6K)
Cloud-based performance management software for
enterprises
Cedro Capital, KPTL

7. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Brazil Tech in August 2021
Brazil Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Prosus
41 portfolio companies | Venture capital firm investing in tech companies
Kovi
Online platform offering car-rental services
$104M Series B
Scale Up Venture Capital
5 portfolio companies | Tech focused VC investment company investing primarily
in Israel, the US, and Canada
LogComex
Offers SaaS-based trade analytics solution for the logistics industry
$10.30M Series A
VMG Partners
29 portfolio companies | Private equity investment firm
Nuvemshop
SaaS-based solution that enables merchants to build & maintain an
online store
$500M Series E
Owl Rock
18 portfolio companies | Private equity & debt firm focused on mid-market
companies
Nuvemshop
SaaS-based solution that enables merchants to build & maintain an
online store
$500M Series E
Tarpon
2 portfolio companies | Private equity firm focused on multiple sectors
Pet Love
Platform offering multi-category supplies for cats and dogs
$150M Series C
Big Sur Ventures
21 portfolio companies | Tech focused early Stage VC firm investing in Spain
InstaCarro
Online C2B marketplace for used cars
$23.00M Series B
Porto Seguro
1 portfolio companies | Insurance carrier
Pet Love
Platform offering multi-category supplies for cats and dogs
$150M Series C
J Ventures
5 portfolio companies | Venture capital fund focused on tech startups
InstaCarro
Online C2B marketplace for used cars
$23.00M Series B
BOGARI CAPITAL
1 portfolio companies | Diversified asset management firm
Omie
Cloud based platform offering ERP and CRM solutions for SMBs
$112M Series C

8. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Digital Native Retail Banks $1.1B 3 Nubank | $750M | Series G
2 -- Ecommerce Storefronts $620M 3 Nuvemshop | $500M | Series E
3 ▲2 iBuying Platforms $525M 2 Loft | $425M | Series D
4 -- Cancer Detecting App $521M 1 Wecancer | $521M | Series D
5 ▼-2 Internet First Residential Real Estate Brokers $445M 4 QuintoAndar | $300M | Series E
6 -- Business Payments Solutions $400M 1 EBANX | $400M | Series B
7 ▼-6 Internet First Retail Banks with Partner Bank's License $306M 2 Neon | $300M | Series C
8 ▲15 KYC for Financial Institutions $268M 3 Unico | $121M | Series C
9 -- Crypto Exchanges $238M 2 Mercado Bitcoin | $200M | Series B
10 ▲24 Physiological Biometrics $228M 2 Unico | $121M | Series C

9. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Brazil Tech in August 2021
Brazil Tech: Analyst Picks
9
Upgraded to UNICORN
Omie (2013, Sao Paulo, Undisclosed, Series A)
Cloud based platform offering ERP and CRM solutions
for SMBs
HIX Capital, Endeavor, Verus Group and 6 other
Investors
Upgraded to UNICORN
Unico (2007, Sao Paulo, $9.6M, Series A)
Provider of facial biometrics authentication solutions
E Bricks Ventures, SoftBank Latin America Fund,
General Atlantic and 4 other Investors
Upgraded to SOONICORN
InstaCarro (2015, Sao Paulo, $23.0M, Series B)
Online C2B marketplace for used cars
adm ventures, Lumia Capital, Rise Capital and 12 other
Investors
Upgraded to SOONICORN
Cora (2019, Sao Paulo, $26.7M, Series A)
Digital bank for businesses
Tiger Global Management, Tencent, Ribbit Capital and 3
other Investors
Added to Editor's Pick
Conexa Saúde (2018, Rio De Janeiro, Undisclosed,
Seed)
Online telemedicine paltform for clinics, doctors and
patients
E Bricks Ventures, Guilherme Fraga, General Atlantic
and 1 other Investors
Added to Editor's Pick
TNH Health (2013, Rio Negrinho, $270K, Grant (prize
money))
AI-based chatbots to monitor population health
management
Vidalink, Grand Challenges Canada, Philippe Prufer and
1 other Investors
Added to Editor's Pick
Uello (2016, Sao Paulo, $4.0M, Series A)
Provider of last-mile e-commerce delivery services
Invest Tech, Liga Ventures, Capital Lab and 1 other
Investors
Added to Editor's Pick
Intellibrand (2013, Sao Paulo, $1.5M, Seed)
SaaS-based digital sales and competitive intelligence
solution for retailers and brands

10. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Brazil Tech in August 2021
Brazil Tech: Analyst Picks
10
Added to Editor's Pick
VExpenses (2015, Sao Paulo, Unfunded)
Travel expenses reimbursement management software
for businesses
Added to Editor's Pick
Kzas (2019, Sao Paulo, $4.0M, Seed)
AI-based platform to buy real estate properties
Redpoint eventures,Headlineand
Added to Editor's Pick
Total MEI (2020, Unfunded)
Payment acceptance software for micro-entrepreneurs
and businesses
Added to Editor's Pick
Mobiltracker (2013, Porto Alegre, Unfunded)
Provider of GPS and cloud-based location tracking
systems
Added to Editor's Pick
Compre & Confie (1999, Sao Paulo, Unfunded)
Provider of an online marketplace network
Added to Editor's Pick
Polisystem (2006, Salvador, Unfunded)
Provider of gym management software solutions for
fitness centers
Added to Editor's Pick
Manusis (2003, Curitiba, Unfunded)
Provider of cloud-based end-to-end IoT platforms
Added to Editor's Pick
Fretefy (2018, Curitiba, $1.1M, Seed)
Provides solutions for freight forwarders
Lorinvestand
Added to Editor's Pick
Kestraa (2017, Sao Paulo, $2.7M, Seed)
Cloud-based B2B platform for imports and exports
management
Canaryand
Added to Editor's Pick
Cobre Facil (2016, Sao Paulo, $1.2M, Seed)
Accounts receivable management and invoice payment
solutions for businesses
FEBA CAPITALand
Added to Editor's Pick
senhasegura (2010, Sao Paulo, Unfunded)
Cloud based priviliged access management solutions
provider
Added to Editor's Pick
Packk (2020, Unfunded)
Offers web-based delivery management solutions

11. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Brazil Tech in August 2021
Brazil Tech: Analyst Picks
11
Added to Editor's Pick
SpecLab (2017, Campinas, $1.2M, Seed)
Developer of analytical solutions for life science
companies
SP Venturesand
Added to Editor's Pick
Edify (2003, Rio De Janeiro, Unfunded)
Provider of online courses and learning resources for
schools and students
Bewater Venturesand
Added to Editor's Pick
My Helpper (2020, Parana, Unfunded)
Provider of video chat solutions for customer
engagement and agent productivity
Added to Editor's Pick
mercurioexpress.online (2021, Unfunded)
Provider of an app for tracking shipments
Added to Editor's Pick
Arrow Condominiums (2021, Governador
Valadares, Unfunded)
Invoice management software for condominium
businesses and individuals
Added to Editor's Pick
Pluggy (2019, Sao Paulo, Unfunded)
Open banking API

12. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Brazil Tech in August 2021
Brazil Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
02 Aug 2021
Octadesk(2014, Sao Paulo)
Integrated multi-channel Help desk
Locaweb $20.0M
05 Aug 2021
Volanty(2016, Rio De Janeiro, $19.7M)
Online P2P marketplace of used cars
Creditas
11 Aug 2021
Natural da Terra(1989, Cariacica)
Online platform offering multi-category grocery supplies
Americanas $402.1M
12 Aug 2021
ATTA(2014, Pinheiros)
Online marketplace for residential & commercial real estate
financing
QuintoAndar
19 Aug 2021
Mercos(2002, Joinville)
Sales empowerment and CRM tool
nuvini
26 Aug 2021
Kangu Technology(2018, Sao Paulo, $1.3M)
Online platform providing shipping solutions for businesses and
e-stores
MercadoLibre

13. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Brazil Tech in August 2021
Brazil Tech:News
13
Exit News
.
● Nubank Expected to Seek IPO Valuation of $55B Coinspeaker
.
● Mercado Livre’s Acquisition of 100% of the Kangu delivery platform Global Legal
Chronicle
.
● Brazil's Lojas Americanas to buy grocery chain Hortifruti for $400 million Reuters
.
● Nuvini’s Acquisition of Mercos Global Legal Chronicle
.
● Partners Group To Acquire French Portfolio Of Industrial And Logistics
Properties Property Funds
.
● Warren Buffet backed crypto favoured bank plans to go public TechStory
.
● Brazil’s Locaweb acquires Octadesk platform for US$20 million The Rio Times

14. Brazil Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Brazil Tech on Tracxn Platform
Brazil Tech: Explore more on Tracxn Platform
14
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Brazil
AI Companies in Brazil
Fintech Companies Brazil
Consumer Digital in Brazil
Company Due Diligence
Detailed profile of Loft
Competitors of QuintoAndar
Cap Tables of iFood
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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