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1. TRACXN TOP BUSINESS MODELS REPORT
February 08, 2022
BRAZIL TECH

2. Brazil Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
BrazilBrazil Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Brazil Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Funding in last 1 year
3
Banking Tech $1.3B
Residential Real Estate Tech $966M
E-Commerce Enablers $931M
Social Commerce $489M
Blockchain Infrastructure $250M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
DOMO Invest
Valor
11
5
4
Early
Stage
Kaszek Ventures
Valor
Global Founders Capital
12
9
8
Late
Stage
Monashees
Valor
SoftBank
6
6
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Nubank
(2013, Sao Paulo)
$750M - Series G
Nuvemshop
(2011, Sao Paulo)
$500M - Series E
Loft
(2018, Sao Paulo)
$425M - Series D
EBANX
(2012, Curitiba)
$400M - Series C
QuintoAndar
(2012, Sao Paulo)
$300M - Series E
Creditas
(2012, Itaim Bibi)
$260M - Series F
Facily
(2018, Sao Paulo Do Potengi)
$250M - Series D
Loggi
(2013, Sao Paulo)
$205M - Series D
2TM
(2013, Sao Paulo)
$200M - Series B
Movile
(1998, Sao Paulo)
$200M - Series D
Mercado Bitcoin
(2013, Sao Paulo)
$200M - Series B
Cargo X
(2013, Sao Paulo)
$200M - Series F
Sao Paulo (73%)
Curitiba (8%)
Sao Paulo Do Potengi (6%)
Itaim Bibi (3%)
Belo Horizonte (2%)
Others (7%)

4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Brazil Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Digital Native Banks $750M 1 Nubank | $750M | Series G Link
2-- iBuying Platforms $525M 2 Loft | $425M | Series D Link
3▲22 Group Buying Platforms $489M 4 Facily | $250M | Series D Link
4▲42 Internet First Residential Real Estate Brokers $441M 3 QuintoAndar | $300M | Series E Link
5-- Business Payments Solutions $400M 1 EBANX | $400M | Series C Link
6-- Merchant Acquirer Companies $340M 2 CloudWalk | $190M | Series B Link
7-- Blockchain in Financial Services $250M 2 2TM | $200M | Series B Link
8▲6 Marketplaces Software Suite $209M 2 Olist | $186M | Series E Link
9-- Hyperlocal Delivery $205M 1 Loggi | $205M | Series D Link
10▲8 Cryptocurrency Trading Platforms $200M 1 Mercado Bitcoin | $200M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Brazil Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▼2 KYC for Financial Institutions $161M 2 Unico | $121M | Series C Link
12▲3 Online Pet Products Retailers $150M 1 Pet Love | $150M | Series C Link
13--
Internet First Banks for Businesses with Partner
Bank's License
$143M 2 Cora | $116M | Series B Link
14-- Bus Aggregators $138M 1 Buser | $138M | Series C Link
15-- Online Shuttle Aggregators $138M 1 Buser | $138M | Series C Link
16▲8 Open Banking API Providers $134M 4 Pismo | $108M | Series B Link
17-- Financial Planning & Analysis Software $125M 1 isaac | $125M | Series B Link
18▼10 Physiological Biometrics $121M 1 Unico | $121M | Series C Link
19▼15 Facial Biometric Systems $121M 1 Unico | $121M | Series C Link
20▼10 Facial Recognition $121M 1 Unico | $121M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Brazil Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Online Agriculture Payments $120M 1 Ectare | $120M | Series D Link
22-- Loan Life Cycle Management $115M 2 Open Co | $115M | Series D Link
23-- ERP for SMBs $112M 1 Omie | $112M | Series C Link
24-- CRM for SMB $112M 1 Omie | $112M | Series C Link
25-- Station Based Intercity Car Rentals $104M 1 Kovi | $104M | Series B Link
26▲6 Applicant Tracking System $93.2M 1 Gupy | $93.2M | Series C Link
27-- Online Test Preparation Tutoring $84.5M 1 Descomplica | $84.5M | Series E Link
28-- Online K-12 Academic Courses $84.5M 1 Descomplica | $84.5M | Series E Link
29-- Card Linked Digital Wallets $80.0M 2 RecargaPay | $70.0M | Series C Link
30▼14 Station Based Electric Bike Rentals $80.0M 1 Tembici | $80.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Brazil Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▼14 Bicycle Rentals Software $80.0M 1 Tembici | $80.0M | Series C Link
32▼1 Internet First Revenue Based Financing $54.9M 4 A55 | $35.0M | Series A Link
33-- Banking as a Service Platforms $50.0M 1 QI Tech | $50.0M | Series A Link
34▲8 Account Receivables Invoicing Solutions $48.0M 1 ArquiveiOfic.. | $48.0M | Series B Link
35-- Identity Verification $40.1M 1 idwall | $40.1M | Series C Link
36-- Internet First Pay Per Mile Insurers $38.6M 2 Justos | $35.8M | Series A Link
37-- Internet First Usage Based Auto Insurers $38.6M 2 Justos | $35.8M | Series A Link
38-- Fantasy Soccer Platforms $38.0M 2 King of Pitaco | $32.0M | Series A Link
39-- Construction Project Management Software $36.0M 1 Ambar | $36.0M | Series C Link
40-- Telematics Based Truck Fleet Management $33.4M 1 Cobli | $33.4M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Brazil Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲38 B2B Horizontal Marketplaces $31.5M 3 Inventa | $20.0M | Series A Link
42▲2 Solar Project Development Services Marketplace $30.0M 1 Solfácil | $30.0M | Series B Link
43-- SMB Accounting $24.6M 2 BHub | $20.0M | Series A Link
44▲13 Online Professional Learning Courses $24.5M 2 StartSe | $13.5M | Series A Link
45-- C2B Used Cars Marketplaces $23.0M 1 InstaCarro | $23.0M | Series B Link
46-- Internet First Corporate Prepaid Expense Cards $22.0M 1 Flash Benefits | $22.0M | Series B Link
47▼10 Online Community for Physical Fitness Mangement $20.0M 1 Pipo Saúde | $20.0M | Series A Link
48▼9
Healthcare IT > Provider > Clinical Operations >
Decision Support > Therapy Plan > Medication..
$17.7M 1 Memed | $17.7M | Series B Link
49▼9 Healthcare Data $17.7M 1 Memed | $17.7M | Series B Link
50-- Agriculture Lending Platforms $16.3M 2 Agrolend | $14.7M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - Brazil
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$750M (▲7.1%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.3B
3
1
9
0
Banking Tech (Pismo)
(# Cos: 177 | $3.3B)
Internet First Banks (Neon)
(# Cos: 105 | $3.0B)
Digital Native Banks (Jeitto)
(# Cos: 27 | $2.3B)
Diversified (Nubank)
(# Cos: 9 | $2.3B)
Nubank
(2013, Sao Paulo, $2.3B)
Jeitto
(2014, Sao Paulo)
Banco BS2
(2017, Belo Horizonte)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nubank (2013, Sao Paulo)
$750M - Series G - Jun 2021

10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
iBuying Platforms - Brazil
02
10
Back to index
Residential Real Estate Tech (QuintoAndar)
(# Cos: 50 | $1.7B)
Online Resellers (Loft)
(# Cos: 1 | $798M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$525M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$798M
1
-
1
1
Loft
(2018, Sao Paulo, $798M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Loft (2018, Sao Paulo)
$425M - Series D - Mar 2021
Loft (2018, Sao Paulo)
$100M - Series D - Apr 2021

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facily (2018, Sao Paulo Do Potengi)
$250M - Series D - Nov 2021
Facily (2018, Sao Paulo Do Potengi)
$135M - Series D - Dec 2021
Facily (2018, Sao Paulo Do Potengi)
$63.0M - Series C - Jun 2021
Facily (2018, Sao Paulo Do Potengi)
$41.0M - Series B - Apr 2021
Group Buying Platforms - Brazil
03
11
Back to index
Social Commerce (ELike)
(# Cos: 9 | $502M)
Group Buying (BuyOnSocial)
(# Cos: 2 | $501M)
Diversified (Facily)
(# Cos: 2 | $501M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$489M (▲3975%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$501M
2
-
2
1
Facily
(2018, Sao Paulo Do Po.., $501M)
BuyOnSocial
(2011, Sao Paulo, $296K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Residential Real Estate
Brokers - Brazil
04
12
Back to index
Residential Real Estate Tech (Loft)
(# Cos: 50 | $1.7B)
Online Brokers (QuintoAndar)
(# Cos: 4 | $780M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$441M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$780M
2
-
4
2
QuintoAndar
(2012, Sao Paulo, $755M)
EmCasa
(2017, Rio De Janeiro, $24.6M)
HomeGuru
(2018, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QuintoAndar (2012, Sao Paulo)
$300M - Series E - May 2021
QuintoAndar (2012, Sao Paulo)
$120M - Series E - Aug 2021
EmCasa (2017, Rio De Janeiro)
$21.0M - Series B - Jul 2021

13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
EBANX (2012, Curitiba)
$400M - Series C - Jun 2021
Business Payments Solutions - Brazil
05
13
Back to index
Payments (CloudWalk)
(# Cos: 255 | $1.3B)
Business Payments (Vindi)
(# Cos: 101 | $478M)
Diversified (EBANX)
(# Cos: 13 | $430M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$400M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$430M
3
-
13
1
EBANX
(2012, Curitiba, $430M)
Pagcerto
(2013, Aracaju)
ACQIO
(2014, Barueri)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Merchant Acquirer Companies - Brazil
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$340M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$365M
1
-
1
1
Payments (EBANX)
(# Cos: 255 | $1.3B)
Enablers (Cielo)
(# Cos: 26 | $602M)
White Label Solutions (Zoop)
(# Cos: 9 | $422M)
Merchant Acquirers (CloudWalk)
(# Cos: 1 | $365M)
CloudWalk
(2013, Sao Paulo, $365M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CloudWalk (2013, Sao Paulo)
$190M - Series B - May 2021
CloudWalk (2013, Sao Paulo)
$150M - Series C - Nov 2021

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
2TM (2013, Sao Paulo)
$200M - Series B - Jul 2021
2TM (2013, Sao Paulo)
$50.3M - Series B - Nov 2021
Blockchain in Financial Services - Brazil
07
15
Back to index
Blockchain Infrastructure (Rhizom)
(# Cos: 8 | $250M)
Blockchain Network (Ethereum Classic)
(# Cos: 5 | $250M)
Finance (2TM)
(# Cos: 2 | $250M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$250M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
2
-
2
1
2TM
(2013, Sao Paulo, $250M)
Ethereum Classic
(2016, Curitiba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Olist (2015, Curitiba)
$186M - Series E - Dec 2021
Olist (2015, Curitiba)
$23.0M - Series D - Apr 2021
Marketplaces Software Suite - Brazil
08
16
Back to index
E-Commerce Enablers (Hotmart)
(# Cos: 141 | $1.1B)
Ecommerce Software Suite (Nuvemshop)
(# Cos: 45 | $1.1B)
Marketplaces (Olist)
(# Cos: 11 | $319M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$209M (▲259%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$319M
6
-
11
1
Olist
(2015, Curitiba, $314M)
Brasil/CT
(2010, Barueri)
Digital Commerce Group
(2007, Porto Alegre, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Loggi (2013, Sao Paulo)
$205M - Series D - Mar 2021
Hyperlocal Delivery - Brazil
09
17
Back to index
Logistics Tech (Mandae)
(# Cos: 558 | $1.6B)
Parcel (Loggi)
(# Cos: 199 | $1.1B)
Hyperlocal Delivery (iFood)
(# Cos: 94 | $1.1B)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$205M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.1B
9
-
94
2
iFood
(2011, Sao Paulo, $587M)
Loggi
(2013, Sao Paulo, $486M)
Shippify
(2013, Minas, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
Brazil
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$200M (▲432%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$238M
2
-
15
1
Cryptocurrencies (BitcoinTrade)
(# Cos: 155 | $238M)
Financial Services (MoedaPay)
(# Cos: 123 | $238M)
Investment Industry (BitPreco)
(# Cos: 88 | $238M)
Online Trading Platforms (Monnos)
(# Cos: 27 | $238M)
Regular Trading (Mercado Bitcoin)
(# Cos: 15 | $238M)
Mercado Bitcoin
(2013, Sao Paulo, $238M)
BitPreco
(2018, Campinas)
BitcoinTrade
(2017, Rio De Janeiro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mercado Bitcoin (2013, Sao Paulo)
$200M - Series B - Jul 2021

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
KYC for Financial Institutions - Brazil
11
19
Back to index
RegTech (Legiti)
(# Cos: 14 | $306M)
KYC (idwall)
(# Cos: 4 | $291M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$161M (▲49.9%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$291M
3
-
4
2
idwall
(2016, Sao Paulo, $53.9M)
Unico
(2007, Sao Paulo, $237M)
CPqD
(1976, Campinas)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007, Sao Paulo)
$121M - Series C - Aug 2021
idwall (2016, Sao Paulo)
$40.1M - Series C - Jun 2021

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Pet Products Retailers - Brazil
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$150M (▲213%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$226M
2
-
23
0
Pet Tech (DogHero)
(# Cos: 82 | $242M)
Pet Supplies Ecommerce (Lolipet)
(# Cos: 28 | $226M)
Horizontal (Petnanet)
(# Cos: 27 | $226M)
Retailer (Zee Now)
(# Cos: 25 | $226M)
Cats and Dogs (Petz)
(# Cos: 23 | $226M)
B2C (Pet Love)
(# Cos: 23 | $226M)
Pet Love
(1999, Sao Paulo, $226M)
Petz Zee Now
(2017, Rio De Janeiro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pet Love (1999, Sao Paulo)
$150M - Series C - Aug 2021

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - Brazil
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$143M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
2
-
16
1
Banking Tech (Pismo)
(# Cos: 177 | $3.3B)
Internet First Banks (Nubank)
(# Cos: 105 | $3.0B)
Through Bank Partnerships (Neon)
(# Cos: 75 | $674M)
Business Banking (Cora)
(# Cos: 16 | $153M)
Cora
(2019, Sao Paulo, $153M)
Banco Topazio
(2005, Porto Alegre)
PJBank
(2013, Barueri)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cora (2019, Sao Paulo)
$116M - Series B - Aug 2021
Cora (2019, Sao Paulo)
$26.7M - Series A - Apr 2021

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Bus Aggregators - Brazil
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$138M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
1
-
1
1
Online Travel (Hurb)
(# Cos: 182 | $460M)
Transportation (Kovi)
(# Cos: 47 | $301M)
Bus (ClickBus)
(# Cos: 12 | $148M)
Aggregator (Buser)
(# Cos: 1 | $138M)
Buser
(2017, Sao Paulo, $138M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Buser (2017, Sao Paulo)
$138M - Series C - Jun 2021

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Shuttle Aggregators - Brazil
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$138M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
1
-
5
1
Road Transport Tech (Easy Taxi)
(# Cos: 407 | $1.2B)
Mass Transit (ClickBus)
(# Cos: 52 | $158M)
Shuttle (TopBus+)
(# Cos: 7 | $138M)
Aggregator (Buser)
(# Cos: 5 | $138M)
Buser
(2017, Sao Paulo, $138M)
Moov
(2016, Rio De Janeiro)
CityBus 2.0
(2018, Goiania)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Buser (2017, Sao Paulo)
$138M - Series C - Jun 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Pismo (2016, Sao Paulo)
$108M - Series B - Oct 2021
QI Tech (2018, Sao Paulo)
$50.0M - Series A - Nov 2021
SWAP (2020, Sao Paulo)
$25.0M - Series A - Oct 2021
Fitbank (2016, Sao Bernardo Do Campo)
$666K - Seed - Mar 2021
Open Banking API Providers - Brazil
16
24
Back to index
Banking Tech (Nubank)
(# Cos: 177 | $3.3B)
Open Banking (SWAP)
(# Cos: 26 | $207M)
Banking APIs (Pismo)
(# Cos: 18 | $203M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$134M (▲627%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$203M
9
-
18
4
Pismo
(2016, Sao Paulo, $109M)
SWAP
(2020, Sao Paulo, $28.3M)
Quanto
(2020, Sao Paulo, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
isaac (2020, Sao Paulo)
$125M - Series B - Nov 2021
Financial Planning & Analysis Software -
Brazil
17
25
Back to index
Finance & Accounting Tech (Vindi)
(# Cos: 256 | $310M)
Financial Planning & Analysis (Accountfy)
(# Cos: 37 | $133M)
Suite (isaac)
(# Cos: 15 | $125M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$125M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
4
-
15
1
isaac
(2020, Sao Paulo, $125M)
Soften Sistemas
(2002, Jose Bonifacio)
CompuFacil
(2015, Florianopolis)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Physiological Biometrics - Brazil
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$121M (▲12.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$354M
3
-
9
2
Cybersecurity (PSafe)
(# Cos: 117 | $483M)
IAM (idwall)
(# Cos: 24 | $408M)
Biometrics (Unico)
(# Cos: 10 | $354M)
Physiological (Acesso)
(# Cos: 9 | $354M)
Acesso
(2007, Sao Paulo Do Po.., $117M)
Unico
(2007, Sao Paulo, $237M)
BigData
(2013, Barra Da Tijuca)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007, Sao Paulo)
$121M - Series C - Aug 2021

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Biometric Systems - Brazil
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$121M (▼43.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
3
-
8
2
Security & Surveillance Technology (Gabriel)
(# Cos: 130 | $369M)
PIAM (Condlink)
(# Cos: 26 | $355M)
Biometrics System (Unico)
(# Cos: 11 | $355M)
Facial Biometrics (Acesso)
(# Cos: 8 | $354M)
Acesso
(2007, Sao Paulo Do Po.., $117M)
Unico
(2007, Sao Paulo, $237M)
BigData
(2013, Barra Da Tijuca)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007, Sao Paulo)
$121M - Series C - Aug 2021

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Recognition - Brazil
20
28
Back to index
Image Recognition (Unico)
(# Cos: 10 | $359M)
Facial Recognition (Acesso)
(# Cos: 7 | $354M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$121M (▲12.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
3
-
7
2
Acesso
(2007, Sao Paulo Do Po.., $117M)
Unico
(2007, Sao Paulo, $237M)
FullFace Biometric Sol..
(2012, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007, Sao Paulo)
$121M - Series C - Aug 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Ec.. (2017, Sao Sebastiao Do Paraiso)
$120M - Series D - Sep 2021
Online Agriculture Payments - Brazil
21
29
Back to index
Crop Tech (Agrosmart)
(# Cos: 224 | $287M)
Finance (Agrolend)
(# Cos: 5 | $136M)
Payments (Ectare)
(# Cos: 1 | $120M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$120M
1
-
1
1
Ectare
(2017, Sao Sebastiao D.., $120M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Open Co (2021, Sao Paulo)
$115M - Series D - Dec 2021
Verde (2021)
$125K - Seed - Sep 2021
Loan Life Cycle Management - Brazil
22
30
Back to index
Banking Tech (Nubank)
(# Cos: 177 | $3.3B)
Loan Life Cycle Management (Expediente Azul)
(# Cos: 16 | $115M)
Suite (Open Co)
(# Cos: 5 | $115M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$115M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
2
-
5
0
Open Co
(2021, Sao Paulo, $115M)
Verde
(2021, $125K)
Vivalisto
(2016, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Omie (2013, Sao Paulo)
$112M - Series C - Aug 2021
ERP for SMBs - Brazil
23
31
Back to index
ERP (Linx)
(# Cos: 291 | $207M)
Multi-Industry (TOTVS)
(# Cos: 150 | $138M)
SMB-Focused (Omie)
(# Cos: 83 | $138M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$112M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
8
-
83
1
Omie
(2013, Sao Paulo, $138M)
MarketUP
(2012, Sao Paulo)
Genius Sistemas
(2011, Salvador)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Omie (2013, Sao Paulo)
$112M - Series C - Aug 2021
CRM for SMB - Brazil
24
32
Back to index
Sales Force Automation (Exact Sales)
(# Cos: 161 | $256M)
CRM (RD Station)
(# Cos: 73 | $242M)
SMB Suite (Omie)
(# Cos: 27 | $138M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$112M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
2
-
27
1
Omie
(2013, Sao Paulo, $138M)
Cukeapp
(2015, Londrina)
Zase
(2013, Santa Rita Do S.., $75.0K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Station Based Intercity Car Rentals -
Brazil
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$104M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$148M
3
-
7
1
Online Travel (Hurb)
(# Cos: 182 | $460M)
Transportation (Buser)
(# Cos: 47 | $301M)
Car (Moobie)
(# Cos: 18 | $148M)
Rental (Zazcar)
(# Cos: 17 | $148M)
Own Fleet (Turbi)
(# Cos: 10 | $148M)
Station Based (Kovi)
(# Cos: 7 | $148M)
Kovi
(2018, Sao Paulo City, $145M)
Turbi
(2016, Sao Paulo, $987K)
Zazcar
(2009, Sao Paulo, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kovi (2018, Sao Paulo City)
$104M - Series B - Aug 2021

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Gupy (2015, Sao Paulo)
$93.2M - Series C - Jan 2022
Applicant Tracking System - Brazil
26
34
Back to index
HRTech (Emprego Ligado)
(# Cos: 253 | $216M)
Applicant Tracking System (JobConvo)
(# Cos: 24 | $109M)
Suite (Gupy)
(# Cos: 11 | $109M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$93.2M (▲1270%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
2
-
11
2
Gupy
(2015, Sao Paulo, $104M)
Kenoby
(2014, Sao Paulo, $5.9M)
Etalent
(1987, Rio De Janeiro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring - Brazil
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$84.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
1
1
Test Preparation Tech (Gran Cursos Online)
(# Cos: 37 | $115M)
Digital Learning (AppProva)
(# Cos: 36 | $115M)
Diversified (EduQC)
(# Cos: 7 | $115M)
Instructor-Led (Descomplica)
(# Cos: 1 | $115M)
Descomplica
(2011, Rio De Janeiro, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Descomplica (2011, Rio De Janeiro)
$84.5M - Series E - Feb 2021

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Academic Courses - Brazil
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$84.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$115M
5
-
13
1
K-12 EdTech (Geekie)
(# Cos: 189 | $134M)
B2C Learning Solutions (Timokids)
(# Cos: 56 | $116M)
School Curriculum (Qranio)
(# Cos: 33 | $116M)
Multi Subject (Stoodi)
(# Cos: 32 | $116M)
Online Courses (Descomplica)
(# Cos: 13 | $115M)
Descomplica
(2011, Rio De Janeiro, $115M)
Stoodi
(2013, Sao Paulo)
meSalva!
(2012, Porto Alegre)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Descomplica (2011, Rio De Janeiro)
$84.5M - Series E - Feb 2021

37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Digital Wallets - Brazil
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$80.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$133M
3
-
9
1
Payments (CloudWalk)
(# Cos: 255 | $1.3B)
Consumer Payments (Z1)
(# Cos: 128 | $182M)
Wallets (PicPay)
(# Cos: 37 | $133M)
Card Linked (RecargaPay)
(# Cos: 9 | $133M)
RecargaPay
(2010, Sao Paulo, $133M)
PicPay
(2012, Vila Velha)
Code Money
(2015, Brusque)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
RecargaPay (2010, Sao Paulo)
$70.0M - Series C - Feb 2021
RecargaPay (2010, Sao Paulo)
$10.0M - Series C - Nov 2021

38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Bike Rentals -
Brazil
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$80.0M (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
2
1
Electric Vehicles (beepbeep)
(# Cos: 31 | $200M)
Vehicle as a Service (Yellow)
(# Cos: 13 | $199M)
Bicycles (Bikxi)
(# Cos: 4 | $127M)
Station Based (Tembici)
(# Cos: 2 | $127M)
Tembici
(2010, Sao Paulo, $127M)
Silium E-Bike
(2018, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tembici (2010, Sao Paulo)
$80.0M - Series C - Sep 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Bicycle Rentals Software - Brazil
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$80.0M (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
3
1
Road Transport Tech (Easy Taxi)
(# Cos: 407 | $1.2B)
Self Drive Rentals (Kovi)
(# Cos: 41 | $347M)
Tech Enablers (InfoSistemas)
(# Cos: 8 | $127M)
Micromobility (S2BIKE)
(# Cos: 3 | $127M)
Bicycle (Tembici)
(# Cos: 3 | $127M)
Tembici
(2010, Sao Paulo, $127M)
S2BIKE
(2015, Novo Hamburgo)
Bicicleta Integrada
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tembici (2010, Sao Paulo)
$80.0M - Series C - Sep 2021

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Revenue Based Financing -
Brazil
32
40
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$54.9M (▲684%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$61.9M
2
-
3
2
Alternative Lending (Guiabolso)
(# Cos: 177 | $1.3B)
Online Lenders (Creditas)
(# Cos: 145 | $1.2B)
Business Loans (BizCapital)
(# Cos: 38 | $203M)
Revenue Based Financing (Divibank)
(# Cos: 3 | $61.9M)
Direct Lender (A55)
(# Cos: 3 | $61.9M)
A55
(2019, Sao Paulo, $58.3M)
Divibank
(2020, Sao Paulo, $3.6M)
Educbank
(2020, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
A55 (2019, Sao Paulo)
$35.0M - Series A - May 2021
A55 (2019, Sao Paulo)
$16.3M - Series B - Jan 2022
Divibank (2020, Sao Paulo)
$3.6M - Seed - May 2021
Divibank (2020, Sao Paulo)
Undisclosed - Seed - Jun 2021

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Banking as a Service Platforms - Brazil
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.0M
1
-
1
1
Banking Tech (Nubank)
(# Cos: 177 | $3.3B)
Open Banking (SWAP)
(# Cos: 26 | $207M)
Banking APIs (Pismo)
(# Cos: 18 | $203M)
With Banking License (QI Tech)
(# Cos: 1 | $50.0M)
QI Tech
(2018, Sao Paulo, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QI Tech (2018, Sao Paulo)
$50.0M - Series A - Nov 2021

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Account Receivables Invoicing Solutions
- Brazil
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$48.0M (▲1094%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$57.2M
4
-
27
1
Finance & Accounting Tech (Contabilizei)
(# Cos: 256 | $310M)
Accounting Solutions (ContaAzul)
(# Cos: 176 | $145M)
Quote to Cash (Vindi)
(# Cos: 38 | $70.0M)
Account Receivables (Digio)
(# Cos: 34 | $61.8M)
Invoicing (ArquiveiOficial)
(# Cos: 27 | $57.2M)
ArquiveiOficial
(2014, Sao Carlos, $57.2M)
Digio
(2016, Sao Paulo)
Total MEI
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ArquiveiOficial (2014, Sao Carlos)
$48.0M - Series B - Dec 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Identity Verification - Brazil
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$40.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$53.9M
1
-
1
1
Cybersecurity (PSafe)
(# Cos: 117 | $483M)
IAM (Acesso)
(# Cos: 24 | $408M)
Federated Identity Management
(GrantID)
(# Cos: 2 | $53.9M)
Identity & Attribute Verification
(idwall)
(# Cos: 1 | $53.9M)
idwall
(2016, Sao Paulo, $53.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
idwall (2016, Sao Paulo)
$40.1M - Series C - Jun 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pay Per Mile Insurers -
Brazil
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$38.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.6M
2
-
2
1
Auto E-Commerce & Content (Volanty)
(# Cos: 116 | $218M)
Insurance (Thinkseg)
(# Cos: 12 | $38.6M)
Internet First Insurer (Kakau)
(# Cos: 6 | $38.6M)
Usage Based (Justos)
(# Cos: 2 | $38.6M)
Justos
(2020, Pinheiros, $38.6M)
Kakau
(2016, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Justos (2020, Pinheiros)
$35.8M - Series A - Oct 2021
Justos (2020, Pinheiros)
$2.8M - Seed - May 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Usage Based Auto Insurers
- Brazil
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$38.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.6M
1
-
1
1
Internet First Insurance Platforms (Bidu)
(# Cos: 48 | $60.0M)
Internet First Insurers (Azos)
(# Cos: 24 | $51.1M)
P&C (CICLIC)
(# Cos: 16 | $38.6M)
Auto (AVAP)
(# Cos: 4 | $38.6M)
Usage-based (Justos)
(# Cos: 1 | $38.6M)
Justos
(2020, Pinheiros, $38.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Justos (2020, Pinheiros)
$35.8M - Series A - Oct 2021
Justos (2020, Pinheiros)
$2.8M - Seed - May 2021

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Soccer Platforms - Brazil
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$38.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.0M
1
-
3
1
Sports Tech (Netshoes)
(# Cos: 107 | $495M)
Fantasy Sports (Overlegends)
(# Cos: 5 | $38.0M)
Online Platforms (Premium League)
(# Cos: 5 | $38.0M)
Soccer (King of Pitaco)
(# Cos: 3 | $38.0M)
King of Pitaco
(2019, Sao Paulo, $38.0M)
Premium League
(2017, Sao Paulo)
Mercado Popular da Bola
(2017, Recife)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
King of Pitaco (2019, Sao Paulo)
$32.0M - Series A - Jan 2022
King of Pitaco (2019, Sao Paulo)
$6.0M - Seed - May 2021

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Ambar (2013, Sao Paulo)
$36.0M - Series C - Dec 2021
Construction Project Management
Software - Brazil
39
47
Back to index
Construction Tech (Oico)
(# Cos: 84 | $71.1M)
Project Management (Construct)
(# Cos: 46 | $63.9M)
Suite (Ambar)
(# Cos: 11 | $63.5M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$36.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$63.5M
1
-
11
1
Ambar
(2013, Sao Paulo, $63.5M)
WebProject
(2014, Sao Paulo)
Consulte GEO
(1986, Belo Horizonte)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Telematics Based Truck Fleet
Management - Brazil
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$33.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$43.6M
5
-
16
1
Logistics Tech (iFood)
(# Cos: 558 | $1.6B)
Freight (Fretebras)
(# Cos: 294 | $464M)
Trucking (Cargo X)
(# Cos: 222 | $445M)
Technology Enablers (Intelipost)
(# Cos: 153 | $46.0M)
Fleet Management (Log2br)
(# Cos: 113 | $43.6M)
End to End (Veltec)
(# Cos: 32 | $43.6M)
Telematics Based (Cobli)
(# Cos: 16 | $43.6M)
Cobli
(2015, Sao Paulo, $43.4M)
Veltec
(2005, Londrina)
Vigitrack
(1993, Porto Alegre)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cobli (2015, Sao Paulo)
$33.4M - Series B - Jul 2021

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Inventa (2020, Sao Paulo)
$20.0M - Series A - Jan 2022
Zax (2019, Sao Paulo)
$6.0M - Series A - Oct 2021
Inventa (2020, Sao Paulo)
$5.5M - Seed - Oct 2021
B2B Horizontal Marketplaces - Brazil
41
49
Back to index
B2B E-Commerce (Oico)
(# Cos: 90 | $72.6M)
Horizontal (Gaveteiro)
(# Cos: 11 | $42.9M)
Marketplace (Inventa)
(# Cos: 9 | $42.9M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$31.5M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.9M
5
-
9
3
Inventa
(2020, Sao Paulo, $25.5M)
Gaveteiro
(2012, Sao Paulo, $9.0M)
Zax
(2019, Sao Paulo, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Solfácil (2018, Sao Paulo)
$30.0M - Series B - Jun 2021
Solar Project Development Services
Marketplace - Brazil
42
50
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Renewable Energy Tech (Enercred)
(# Cos: 20 | $35.2M)
Solar Energy (Sunew)
(# Cos: 13 | $34.8M)
Marketplace (Solfácil)
(# Cos: 1 | $34.8M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$30.0M (▲650%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.8M
1
-
1
1
Solfácil
(2018, Sao Paulo, $34.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting - Brazil
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$24.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$71.8M
7
-
68
3
Finance & Accounting Tech (Contabilizei)
(# Cos: 256 | $310M)
Accounting Solutions (Vindi)
(# Cos: 176 | $145M)
Accounting Suite (Nibo)
(# Cos: 76 | $71.8M)
SMBs (ContaAzul)
(# Cos: 68 | $71.8M)
ContaAzul
(2012, Joinville, $40.9M)
Nibo
(2012, Rio De Janeiro, $6.3M)
BHub
(2004, Sao Paulo, $24.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BHub (2004, Sao Paulo)
$20.0M - Series A - Dec 2021
BHub (2004, Sao Paulo)
$4.6M - Seed - Sep 2021

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses -
Brazil
44
52
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$24.5M (▲1535%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$38.0M
13
-
49
2
Continued Learning (EduSynch)
(# Cos: 201 | $47.7M)
Professional (Damasio)
(# Cos: 104 | $38.2M)
Online Learning (Digital Innovation One)
(# Cos: 102 | $38.2M)
Multi Disciplinary (StartSe)
(# Cos: 50 | $38.0M)
Online Courses (eduK)
(# Cos: 49 | $38.0M)
eduK
(2013, Sao Paulo, $10.0M)
StartSe
(2014, Sao Paulo, $13.5M)
ITS Rio
(2014, Rio De Janeiro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
StartSe (2014, Sao Paulo)
$13.5M - Series A - Nov 2021
EBAC (2016, Sao Paulo)
$11.0M - Series A - Sep 2021

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - Brazil
45
53
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$23.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.0M
1
-
3
1
Auto E-Commerce & Content (Justos)
(# Cos: 116 | $218M)
Second Hand Vehicles (ICarros)
(# Cos: 36 | $82.9M)
Cars (Volanty)
(# Cos: 21 | $78.9M)
C2B Marketplace (InstaCarro)
(# Cos: 3 | $56.0M)
InstaCarro
(2015, Sao Paulo, $56.0M)
Mapa do Carro
(2016, Belo Horizonte)
Tchaucarro
(2017, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
InstaCarro (2015, Sao Paulo)
$23.0M - Series B - Aug 2021

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Prepaid Expense
Cards - Brazil
46
54
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$22.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
3
-
6
1
Payments (CloudWalk)
(# Cos: 255 | $1.3B)
Consumer Payments (RecargaPay)
(# Cos: 128 | $182M)
Payment Cards (Pagseguro)
(# Cos: 68 | $45.2M)
Prepaid Cards (Z1)
(# Cos: 55 | $45.2M)
Corporate Cards (Caju)
(# Cos: 14 | $24.5M)
Expense card (Flash Benefits)
(# Cos: 6 | $22.0M)
Flash Benefits
(2018, Sao Paulo, $22.0M)
VR Benefits
(1977, Barueri)
Goodticket
(2015, Brasilia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Flash Benefits (2018, Sao Paulo)
$22.0M - Series B - Jul 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Community for Physical Fitness
Mangement - Brazil
47
55
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$20.0M (▲335%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.6M
1
-
1
1
Employee Health IT (Vittude)
(# Cos: 45 | $47.1M)
Tech Enabled Services (Cuidas)
(# Cos: 31 | $47.1M)
Physical Fitness (Vidalink)
(# Cos: 5 | $27.1M)
Online Community (Pipo Saúde)
(# Cos: 1 | $24.6M)
Pipo Saúde
(2019, Sao Paulo, $24.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pipo Saúde (2019, Sao Paulo)
$20.0M - Series A - Jul 2021

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Clinical Operations > Decision
Support > Therapy Plan > Medication > Database - Brazil
48
56
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$17.7M (▲294%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.7M
1
-
1
1
Healthcare IT (Pixeon)
(# Cos: 453 | $89.7M)
Provider (iClinic)
(# Cos: 381 | $76.7M)
Clinical Operations (Brain4 Care)
(# Cos: 32 | $31.8M)
Decision Support (ToLife)
(# Cos: 29 | $31.8M)
Therapy Plan (DoseCheck)
(# Cos: 7 | $22.7M)
Medication (InsulinApp)
(# Cos: 3 | $22.7M)
Database (Memed)
(# Cos: 1 | $22.7M)
Memed
(2012, Sao Paulo, $22.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Memed (2012, Sao Paulo)
$17.7M - Series B - Nov 2021

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Memed (2012, Sao Paulo)
$17.7M - Series B - Nov 2021
Healthcare Data - Brazil
49
57
Back to index
Data as a Service (InfoPrice)
(# Cos: 25 | $25.7M)
Industries (SiiLA)
(# Cos: 10 | $25.6M)
Healthcare Data (Memed)
(# Cos: 2 | $22.7M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$17.7M (▲294%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.7M
1
-
2
1
Memed
(2012, Sao Paulo, $22.7M)
LeishDB
(2015, Salvador)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Agrolend (2020, Sao Paulo)
$14.7M - Series A - Jan 2022
Agrolend (2020, Sao Paulo)
$1.6M - Seed - Apr 2021
Agriculture Lending Platforms - Brazil
50
58
Back to index
Crop Tech (Agrosmart)
(# Cos: 224 | $287M)
Finance (Agryo)
(# Cos: 5 | $136M)
Loans (Agrolend)
(# Cos: 2 | $16.3M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$16.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.3M
2
-
2
1
Agrolend
(2020, Sao Paulo, $16.3M)
Agryo
(2019, Brasilia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Brazil Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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Brazil Tech - Top Business Models Report
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