- The document is a monthly report on Brazil Tech from Tracxn for March 2021. It provides an overview snapshot with key stats such as $887M total funding and 27 analyst picks. - It lists the top funding rounds for the month including a $425M Series D for Loft and $205M Series D for Loggi. New investors that participated in rounds are also identified. - Business models that received the most funding in the last year are ranked, led by digital native retail banks. Several new interesting companies identified by analysts are also briefly described.

1. TRACXN MONTHLY REPORT
MARCH 2021
BRAZIL TECH

2. Brazil Tech - March 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 11
Recent News 12

3. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Brazil Tech Snapshot – March 2021
Brazil Tech: Snapshot – March 2021
Note : "Investors" refers to "Institutional Investors" only
3
$887M
6
Overall Geo Stats
7
7
27
11
12
Funding Rounds $ Invested Analyst Picks
Vórtx Upgraded to
MINICORN
New Investors
Caffeinated Capital
Airbnb
Series A+ rounds Active Investors IPOs Acquisitions
Fit Sistemas#@
RD Station#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(10 Rounds, $757M)
Belo Horizonte
(1 Rounds, $130M)
Ribeirao Preto
(1 Rounds, $130M)
$425M - Series D
Loft (2018, Sao Paulo, $698M)
$205M - Series D
Loggi (2013, Sao Paulo, $486M)
$130M - Series C
Hotmart (2011, Belo Horizonte, $130M)
$90M - Series D
Nuvemshop (2011, Sao Paulo, $132M)
Monashees
(2 Investments)
Advent International
(2 Investments)
Y Combinator
(2 Investments)
Airbnb
(1 Investments)
Residential Real Estate Tech
Loft
E-Commerce Enablers
Hotmart
Logistics Tech
Loggi
Vernacular Platforms
Nuvemshop
Market Size
Companies Covered 6,269
Funded Companies 1,514
Total Funding $12.6B
Funding in last 12 months $4.4B
Top Exits
IPOs 27
Acquisitions 201
Company Stage
Unicorns 7
Soonicorns 25
Minicorns 91
Editor Picks 553
Series A+ 327
Series C+ 86
Acqui-Hires 2
Deadpooled 691
Top Cities
Sao Paulo (566 Rounds, $8.7B)
Rio De Janeiro (111 Rounds, $514M)
Top Investors
Monashees (52 Investments)
Spectra (43 Investments)

4. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Brazil Tech as of March 2021
Brazil Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2021)*
Loft
(2018, Sao Paulo, $698M)
$425M - Series D Advent International
Loggi
(2013, Sao Paulo, $486M)
$205M - Series D Capsur Capital
Hotmart
(2011, Belo Horizonte, $130M)
$130M - Series C TCV
Nuvemshop
(2011, Sao Paulo, $132M)
$90.0M - Series D Accel
Vórtx
(2015, Sao Paulo, $35.0M)
$35.0M - Series B FTV Capital
Assina Saúde
(2019, Sao Paulo, $1.4M)
$1.4M - Seed
TRACTIAN
(2019, Sao Paulo, $125K)
$125K - Seed Y Combinator
Z1
(2020, Sao Paulo, $125K)
$125K - Seed Y Combinator
*Shows only the lead Investors

5. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Brazil Tech in March 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
$90.0M - Series D
Nuvemshop (2011, Sao Paulo, $132.0M)
SaaS-based solution that enables merchants to build &
maintain an online store
Accel, Kaszek Ventures, , Qualcomm Ventures, Mike
Micucci, and 5 more
LATE STAGE
$130.0M - Series C
Hotmart (2011, Belo Horizonte, $130.2M)
Cloud-based eCommerce solution that enables
merchants to sell digital products
TCV, Netflix, Airbnb
LATE STAGE
$205.0M - Series D
Loggi (2013, Sao Paulo, $485.6M)
Business-focused on-demand delivery platform
Capsur Capital, Verde Asset Management, Microsoft,
Monashees, SoftBank Group, and 2 more
LATE STAGE
$425.0M - Series D
Loft (2018, Sao Paulo, $698.4M)
Online reseller of residential properties
QED Investors, Fifth Wall, Monashees, Vulcan,
Andreessen Horowitz, and 6 more
EARLY STAGE
$35.0M - Series B
Vórtx (2015, Sao Paulo, $35.0M)
Trade management software suite for the capital
market
FTV Capital
EARLY STAGE
Series B
Mandae (2013, Sao Paulo, $13.8M)
Provider of AI-enabled shipping solution for e-tailers
SEED STAGE
$125.0K - Seed
Z1 (2020, Sao Paulo, $125.0K)
NFC-enabled prepaid cards for children
Y Combinator
SEED STAGE
$125.0K - Seed
TRACTIAN (2019, Sao Paulo, $125.0K)
Cloud-based predictive maintenance software for the
manufacturing industry
Y Combinator
SEED STAGE
$1.4M - Seed
Assina Saúde (2019, Sao Paulo, $1.4M)
Online appointment booking platform for multiple
healthcare services

6. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Brazil Tech in March 2021
Brazil Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
Seed
Agrisolus (2015, Sao Paulo)
Provider of farm management solution using IoT for
rural producers
KPTL
SEED STAGE
Seed
The New Butchers (2019, Sao Paulo)
Platform offering plant-based meat products
Lever VC, Paulo Veras
SEED STAGE
Seed
Farmacocre (2005, Ribeirao Preto)
Developer of oral vaccine and DNA-based immune
therapeutics for covid-19

7. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Brazil Tech in March 2021
Brazil Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Caffeinated Capital
55 portfolio companies | Tech focused seed & growth stage VC firm investing in
the US
Loft
Online reseller of residential properties
$425M Series D
Airbnb
13 portfolio companies | App-based marketplace for vacation rental
accommodations
Hotmart
Cloud-based eCommerce solution that enables merchants to sell digital
products
$130M Series C
Verde Asset Management
2 portfolio companies |
Loggi
Business-focused on-demand delivery platform
$205M Series D
Capsur Capital
1 portfolio companies | Venture capital fund focused on tech sectors
Loggi
Business-focused on-demand delivery platform
$205M Series D
Netflix
2 portfolio companies | Subscription based online & offline video streaming
platform
Hotmart
Cloud-based eCommerce solution that enables merchants to sell digital
products
$130M Series C
Altimeter Capital
26 portfolio companies | Long/short equity hedge fund and VC fim
Loft
Online reseller of residential properties
$425M Series D
Lever VC
8 portfolio companies | Venture capital firm focused on early stage food
industries
The New Butchers
Platform offering plant-based meat products
Undisclosed Seed

8. Brazil Tech - March 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 <> 0 Digital Native Retail Banks $700M 3 Nubank | $400M | Series G
2 -- Disease Self Management > Cancer > Monitoring > App $521M 1 Wecancer | $521M | Series D
3 ▼-1 Direct Home Buying $425M 1 Loft | $425M | Series D
4 ▲2 Internet First Retail Bank with Partner Bank's License $300M 1 Neon | $300M | Series C
5 ▼-1
Alternative Lending > Online Lenders > Diversified >
Direct Lender
$255M 1 Creditas | $255M | Series E
6 ▼-1 Online Home Improvements Marketplace $190M 1 MadeiraMadeira | $190M | Series E
7 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D
8 <> 0 Mobile Casual Game Developers $120M 1 Wildlife Stud.. | $120M | Series B
9 ▲25 Facial Biometrics $107M 1 Acesso | $107M | Series B
10 --
Chatbots > Chatbot Development > Conversational AI
Development > Low Code Platform
$100M 1 Take Blip | $100M | Series A

9. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Brazil Tech in March 2021
Brazil Tech: Analyst Picks
9
Upgraded to MINICORN
Vórtx (2015, Sao Paulo, $35.0M, Series B)
Trade management software suite for the capital
market
FTV Capitaland
Added to Editor's Pick
Agrisolus (2015, Sao Paulo, Undisclosed, Seed)
Provider of farm management solution using IoT for
rural producers
KPTLand
Added to Editor's Pick
AprovaDigital (2016, Cascavel, Unfunded)
Cloud-based platform to digitalize processes related to
city hall
Astella Investimentosand
Added to Editor's Pick
Bike Registrada (2015, Brasilia, Unfunded)
Online platform offering bicycle insurance for
individuals
ACE Startupsand
Added to Editor's Pick
The New Butchers (2019, Sao Paulo, Undisclosed,
Seed)
Platform offering plant-based meat products
Lever VC,Paulo Verasand
Added to Editor's Pick
hauseful (2018, Florianopolis, Unfunded)
Provider of a property showing management platform
for real estate professionals
Added to Editor's Pick
Identhis (2016, Barueri, Unfunded)
Provider of IoT devices and software solutions for
assets management in hospitals
Added to Editor's Pick
Franchisingbook (2012, Sao Jose Dos Campos,
Unfunded)
Financial database for franchise investment data
Added to Editor's Pick
Paytrack (2016, Blumenau, Unfunded)
Online expense management and reimbursement
software for enterprises

10. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Brazil Tech in March 2021
Brazil Tech: Analyst Picks
10
Added to Editor's Pick
SysMiddle (2015, Lages, Unfunded)
Cloud-based API management and integration
solutions provider
Added to Editor's Pick
EasyRetro (2015, Porto Alegre, Unfunded)
Online collaboration software for remote teams

11. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Brazil Tech in March 2021
Brazil Tech: Acquisitions
11
Acq. Date Company Acquirer Deal Size
03 Mar 2021
Fit Sistemas(2006, Sao Paulo)
Cloud-based tax management and compliance solutions for
businesses
Sovos Compliance
10 Mar 2021
RD Station(2011, Florianopolis, $50.0M)
Digital marketing automation solution
TOTVS $31.8M
10 Mar 2021
meSalva!(2012, Porto Alegre)
Education platform with video lessons
Arco Platform
15 Mar 2021
Resultados Digitais(2010, Florianopolis, $24.0M)
Provider of the marketing tech suite
TOTVS $344.0M
19 Mar 2021
Kinvo(2017, Salvador)
Wealth data aggregation & management platform for individuals
BTG Pactual
20 Mar 2021
Beduka(2017, Belo Horizonte)
College discovery platform
Ser Educacional group
25 Mar 2021
Medicinae Solutions(2016, Rio De Janeiro)
Provider of an app for billing management
Afya Educacional

12. Brazil Tech - March 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Brazil Tech in March 2021
Brazil Tech:News
12
Exit News
.
● Arco buys online educational solution provider, Me Salva! Seeking Alpha
.
People News
.
● Banco do Brasil CEO Brandao Resigns After Bolsonaro Pressure BloombergQuint

13. Brazil Tech - March 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
13
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 Creditas
Cap Tables of Loggi
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

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