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Blueground leads US$ 14m investment in Brazilian proptech Tabas
The company plans to use the proceeds to scale into new markets, initially in Brasília, and go deeper in existing markets, such as São Paulo and Rio de Janeiro
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LATAM VC fund Latitud readies angel fellowship program
The new initiative aims to provide education and dealflow to investors looking to back startups in the region
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Social entrepreneur Celso Athayde to launch fund for favela-focused startups
The fund is backed by high-net-worth individuals and companies in Athayde’s network
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Vegan Business concludes first equity crowdfunding round in less than an hour
The platform focused on plant-based products successfully raised capital for vegan sunscreen brand Chameleon Sun
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Proptech QuintoAndar unveils new brand positioning as business expands
Brazilian-based QuintoAndar wants you to stop looking at it simply as a platform to rent properties
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AI venture builder Data H readies launch of aerospace business
The company will accelerate its internationalization, with its ventures scaling efforts in areas such as autonomous robots
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CI&T acquires digital product agency Somo Global
Brazil-headquartered information technology and software engineering firm CI&T has signed an agreement to acquire digital product agency Somo Global as part of a move to expand its market share in Europe. The base purchase price is GBP 49.2 million (USD 67 million), of which up to 25% will be paid in CI&T shares. In addition, […]
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D1 Capital places bet on Brazilian daily fantasy sports firm Rei do Pitaco
The São Paulo-based daily fantasy sports firm has secured USD 30 million in a Series A round announced today
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Fintech unicorn Creditas readies new round, secures commitment from VEF
Secured lending fintech Creditas has a new fundraising round underway, having secured a USD 25 million check from Swedish fund VEF (formerly Vostok Emerging Finance), one of its main existing investors. “Creditas is one of our strongest performing portfolio holdings and continues to deliver on its lofty growth targets through 2021, as highlighted in its […]
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Mercado Bitcoin owner 2TM kicks off international expansion with Criptoloja deal
Brazilian firm 2TM has announced the acquisition of Portuguese crypto exchange Criptoloja as part of a broader international expansion plan. The transaction value has not been disclosed and the deal is subject to regulatory clearance. Lisbon-based Criptoloja received Portugal’s first license to operate as a crypto exchange from the Portuguese Central Bank, in July 2021. […]