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1. TRACXN MONTHLY REPORT
MARCH 2022
BRAZIL TECH

2. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Brazil Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
Acquisitions 10
Recent News 11

3. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech Snapshot – March 2022
Brazil Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$255M
6
Overall Geo Stats
14
10
29
11
9
Funding Rounds $ Invested Analyst Picks
Noh Upgraded to
MINICORN
New Investors
GRO Capital
Future Positive
Series A+ rounds Active Investors IPOs Acquisitions
General Claims
Comdinheiro
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(5 Rounds, $135M)
Curitiba
(1 Rounds, $63M)
Nova Lima
(1 Rounds, $25M)
Itaim Bibi
(1 Rounds, $17.5M)
$126M - Series A
Evino (2013, Sao Paulo, $126M)
$63M - Series D
Contabilizei (2013, Curitiba, $94.6M)
$25M - Series A
Trela (2020, Nova Lima, $25.1M)
$17.5M - Series A
Cayena (2004, Itaim Bibi, $21M)
SoftBank
(2 Investments)
Propel Venture Partners
(2 Investments)
Picus Capital
(2 Investments)
Clocktower Technology
Ventures
(2 Investments)
Online Grocery
Evino
Finance & Accounting Tech
Contabilizei
B2B E-Commerce
Cayena
Healthcare IT
Capim
Market Size
Companies Covered 10,366
Funded Companies 1,840
Total Funding $20.6B
Funding in last 12 months $7.6B
Top Exits
IPOs 35
Acquisitions 262
Company Stage
Unicorns 17
Soonicorns 38
Minicorns 124
Editor Picks 786
Series A+ 370
Series C+ 96
Acqui-Hires 2
Deadpooled 755
Top Cities
Sao Paulo (700 Rounds, $14.3B)
Rio De Janeiro (115 Rounds, $866M)
Top Investors
Monashees (57 Investments)
Spectra (47 Investments)

4. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Brazil Tech as of March 2022
Brazil Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Evino
(2013, Sao Paulo, $126M)
$126M - Series A Vinci Partners
Contabilizei
(2013, Curitiba, $94.6M)
$63.0M - Series D PruVen Capital
Trela
(2020, Nova Lima, $25.1M)
$25.0M - Series A SoftBank
Cayena
(2004, Itaim Bibi, $21.0M)
$17.5M - Series A Vine Ventures
Capim
(2017, , $14.3M)
$14.3M - Series B
Kamino
(2021, Sao Paulo, $6.1M)
$6.1M - Seed Inspired Capital
Noh
(2016, Sao Paulo, $3.0M)
$3.0M - Seed Kindred Ventures
*Shows only the lead Investors

5. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Brazil Tech in March 2022
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
$63.0M - Series D
Contabilizei (2013, Curitiba, $94.6M)
Online accounting services for SMBs
SoftBank, PruVen Capital, Goldman Sachs
LATE STAGE
Series D
Flash Benefits (2018, Sao Paulo, $22.0M)
Prepaid cards for corporate expenses and benefits
Battery Ventures, Whale Rock Capital Management
EARLY STAGE
$14.3M - Series B
Capim (2017, , $14.3M)
Digital patient payment management tool for clinics
and individuals.
EARLY STAGE
$17.5M - Series A
Cayena (2004, Itaim Bibi, $21.0M)
Marketplace of grocery products for businesses
Vine Ventures, Picus Capital, Endeavor, MSA CAPITAL
MANAGEMENT, FEMSA Ventures, and 6 more
EARLY STAGE
$25.0M - Series A
Trela (2020, Nova Lima, $25.1M)
Platform offering group-buying solution for grocery
purchase
SoftBank
EARLY STAGE
$126.0M - Series A
Evino (2013, Sao Paulo, $126.0M)
Online wine retailer
Vinci Partners, XP
SEED STAGE
$3.0M - Seed
Noh (2016, Sao Paulo, $3.0M)
Online platform for splitting expenses
Kindred Ventures, Positive Ventures, Future Positive,
The Twenty Minute, Propel Venture Partners, and 7
more
SEED STAGE
$6.1M - Seed
Kamino (2021, Sao Paulo, $6.1M)
Providing startups toolkit for early stage companies
Inspired Capital, Picus Capital, Global Founders Capital,
Flourish, Fontes, and 4 more
SEED STAGE
Seed
CreditCorp (2017, Sao Paulo)
Online platform for invoice financing
Startupi

6. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Brazil Tech in March 2022
Brazil Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
GRO Capital
6 portfolio companies | Private equity firm focused on acquisitions
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Future Positive
2 portfolio companies | Future Positive
Noh
Online platform for splitting expenses
$3.00M Seed
Astellas Pharma
3 portfolio companies | Manufacturer of generic products
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Fontes
1 portfolio companies |
cache:ebvs6hz_esoj:www.venturecapitaljournal.com/inspired-capital-leads-6-
1m-round-for-kamino/ - Google Search
Kamino
Providing startups toolkit for early stage companies
$6.10M Seed
Canaan Partners
593 portfolio companies | Stage agnostic VC firm investing primarily in the US
and Israel
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Inspired Capital
21 portfolio companies | Provider of management consulting and business
management services
Kamino
Providing startups toolkit for early stage companies
$6.10M Seed
Endeavor
5 portfolio companies | Sports marketing and entertainment company
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Startupi
1 portfolio companies | Digital media platform on startups in Brazil
CreditCorp
Online platform for invoice financing
Undisclosed Seed
MSA CAPITAL MANAGEMENT
3 portfolio companies | Diversified investment management firm
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Kindred Ventures
56 portfolio companies | Venture capital firm investing in early-stage startups
Noh
Online platform for splitting expenses
$3.00M Seed

7. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Brazil Tech in March 2022
Brazil Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
The Twenty Minute
17 portfolio companies | Online podcast network
Noh
Online platform for splitting expenses
$3.00M Seed
Positive Ventures
1 portfolio companies | Venture capital fund investing in multiple sectors
Noh
Online platform for splitting expenses
$3.00M Seed
Vine Ventures
9 portfolio companies | Limited information available
Cayena
Marketplace of grocery products for businesses
$17.50M Series A
Battery Ventures
677 portfolio companies | VC and PE firm focused on seed and growth-stage
tech companies
Flash Benefits
Prepaid cards for corporate expenses and benefits
Undisclosed Series D

8. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies 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 Banks $750M 1 Nubank | $750M | Series G
2 ▲17 Group Buying Platforms $489M 4 Facily | $250M | Series D
3 ▲42 Internet First Residential Real Estate Brokers $446M 4 QuintoAndar | $300M | Series E
4 -- Business Payments Solutions $400M 1 EBANX | $400M | Series C
5 -- Merchant Acquirer Companies $340M 2 CloudWalk | $190M | Series B
6 ▼-2 Internet First Retail Banks with Partner Bank's License $306M 4 Neon | $300M | Series D
7 -- Blockchain in Financial Services $250M 2 2TM | $200M | Series B
8 ▲9 Marketplaces Software Suite $209M 2 Olist | $186M | Series E
9 ▲13 Cryptocurrency Trading Platforms $200M 1 Mercado Bitcoin | $200M | Series B
10 ▲1 KYC for Financial Institutions $161M 2 Unico | $121M | Series C

9. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Brazil Tech in March 2022
Brazil Tech: Analyst Picks
9
Upgraded to MINICORN
Noh (2016, Sao Paulo, $3.0M, Seed)
Online platform for splitting expenses
Kindred Ventures, Positive Ventures, Future Positive
and 9 other Investors
Upgraded to MINICORN
Kamino (2021, Sao Paulo, $6.1M, Seed)
Providing startups toolkit for early stage companies
Inspired Capital, Global Founders Capital, Picus Capital
and 6 other Investors
Upgraded to MINICORN
Capim (2017, , $14.3M, Series B)
Digital patient payment management tool for clinics
and individuals.
Onevcand
Added to Editor's Pick
Evino (2013, Sao Paulo, Undisclosed, Seed)
Online wine retailer
Vinci Partners, XP, Project A and 2 other Investors
Added to Editor's Pick
Unimed Porto Alegre (2001, Porto Alegre,
Unfunded)
Provider of multiple healthcare services
Added to Editor's Pick
Cumbuca (2011, Sao Paulo, $125K, Seed)
App-based platform for splitting the bills
Y Combinator,Verve Capitaland
Added to Editor's Pick
Sled (2016, Curitiba, $1.2M, Seed)
Online platform for correspondent banking
Astella Investimentosand
Added to Editor's Pick
Hilab (2016, Curitiba, Unfunded)
Developer of remote monitoring system and devices
Monashees,Oxigênio Aceleradoraand
Added to Editor's Pick
Ampli (2019, Sao Paulo, Unfunded)
Mobile-based platform providing multiple learning
solutions
Added to Editor's Pick
CreditCorp (2017, Sao Paulo, Undisclosed, Seed)
Online platform for invoice financing
Startupiand
Added to Editor's Pick
Krilltech (2018, Sao Paulo, Unfunded)
Developer of nanotechnology-based crop nutrition
products

10. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Brazil Tech in March 2022
Brazil Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
01 Mar 2022
General Claims(2015, Sao Paulo)
Providing solution for claims management for insurance industry
Wiz BPO
01 Mar 2022
Comdinheiro(2010, Sao Paulo)
Provider of financial databases for stock market analysis
Nelogica
03 Mar 2022
Noknox(2017, Brasilia)
Provider of SaaS-driven white-label app for condominium
management
QuintoAndar
07 Mar 2022
Sohtec(2017, Porto Alegre)
Property management software for real estate agents
olx.com.br
08 Mar 2022
Nofaro(2014, Porto Alegre)
Platform offering insurance services for pets
Pet Love
08 Mar 2022
Costdrivers(2013, Sao Paulo)
Platform offering marketing intelligence solutions
GEP
10 Mar 2022
Grão(2004, Sao Paulo, $0.5M)
Online platform for investments and savings
Primo Rico
15 Mar 2022
Lahar(2015, Bauru)
Marketing automation platform for businesses
Ramper
22 Mar 2022
Watts Mobilidade(2019, Itaim Bibi)
Manufacturer of electric two-wheelers
Multilaser
30 Mar 2022
InfoJobs(2004, Sao Paulo)
Online job board focused on the Brazilian geography
Red Arbor

11. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Brazil Tech in March 2022
Brazil Tech:News
11
Exit News
.
● Coinbase nears deal to buy Brazil crypto unicorn 2TM, media says The Business
Times
.
● Complete to acquire MerchantE Private Equity Wire
.
● Binance Signs MoU to Acquire Brazilian Securities Brokerage Sim;paul
Investimentos CoinDesk
.
● IHS Towers completes SP5 towers acquisition in Brazil Telecompaper
.
● 16 chip companies supported by undergraduates are sprinting to go public on
the GEM PEdaily
.
● Conecta Market Place’s Acquisition of Juntoz Global Legal Chronicle
.
● Ramper acquires Lahar to grow in the inbound marketing market itforum.com.br
.
● Influencer group Primo Rico acquires fintech Grão fdr.com.br

12. Brazil Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Brazil Tech on Tracxn Platform
Brazil Tech: Explore more on Tracxn Platform
12
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 Creditas
Competitors of Loft
Cap Tables of QuintoAndar
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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