The monthly report summarizes key events in the Brazil tech sector for June 2021. $1.4 billion was invested across 8 funding rounds. Notable investments included a $750 million Series G round in Nubank and a $400 million Series B round in EBANX. There were also 12 new analyst picks of interesting companies, and 7 acquisitions during the month including Elo7 being acquired by Etsy for $217 million.

1. TRACXN MONTHLY REPORT
JUNE 2021
BRAZIL TECH

2. Brazil Tech - June 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 - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Brazil Tech Snapshot – June 2021
Brazil Tech: Snapshot – June 2021
Note : "Investors" refers to "Institutional Investors" only
3
$1.4B
8
Overall Geo Stats
10
6
30
30
12
Funding Rounds $ Invested Analyst Picks
Buser Upgraded to
SOONICORN
New Investors
CPP Investments
Berkshire Hathaway
Series A+ rounds Active Investors IPOs Acquisitions
OnePercent.IO#@
WEEL#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Sao Paulo
(9 Rounds, $968M)
Curitiba
(1 Rounds, $400M)
Florianopolis
(1 Rounds, $3.8M)
$750M - Series G
Nubank (2013, Sao Paulo, $2.3B)
$400M - Series B
EBANX (2012, Curitiba, $430M)
$138M - Series C
Buser (2017, Sao Paulo, $138M)
$40.1M - Series C
idwall (2016, Sao Paulo, $53.9M)
Monashees
(2 Investments)
Valor
(2 Investments)
Advent International
(1 Investments)
SoftBank Corp
(1 Investments)
Banking Tech
Nubank
Payments
EBANX
Road Transport Tech
Buser
Online Travel
Market Size
Companies Covered 6,987
Funded Companies 1,605
Total Funding $14.9B
Funding in last 12 months $6.2B
Top Exits
IPOs 32
Acquisitions 225
Company Stage
Unicorns 8
Soonicorns 27
Minicorns 92
Editor Picks 610
Series A+ 333
Series C+ 87
Acqui-Hires 1
Deadpooled 733
Top Cities
Sao Paulo (592 Rounds, $10.1B)
Rio De Janeiro (111 Rounds, $514M)
Top Investors
Monashees (52 Investments)
Spectra (43 Investments)

4. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Brazil Tech as of June 2021
Brazil Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2021)*
Nubank
(2013, Sao Paulo, $2.3B)
$750M - Series G Berkshire Hathaway
EBANX
(2012, Curitiba, $430M)
$400M - Series B Advent International
Buser
(2017, Sao Paulo, $138M)
$138M - Series C Valor
idwall
(2016, Sao Paulo, $53.9M)
$40.1M - Series C Endurance Investments
Solfácil
(2018, Sao Paulo, $34.8M)
$30.0M - Series B QED Investors
Uello
(2016, Sao Paulo, $5.5M)
$4.0M - Series A btomorrowv.com
Franq
(2019, Florianopolis, $3.8M)
$3.8M - Series A
TRACTIAN
(2019, Sao Paulo, $3.3M)
$3.2M - Seed DGF Investimentos
88i Seguradora Digital
(2018, Sao Paulo, $2.5M)
$2.5M - Seed Dash
Essent Agro
(2018, , $140K)
$140K - Seed
*Shows only the lead Investors

5. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Brazil Tech in June 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
$40.1M - Series C
idwall (2016, Sao Paulo, $53.9M)
Big data and machine learning-based anti fraud
detection solution
Endurance Investments, Onevc, Monashees, , GGV
Capital, and 3 more
LATE STAGE
$138.0M - Series C
Buser (2017, Sao Paulo, $138.0M)
App-based intercity bus ticket booking platform
Lightrock, Monashees, Valor, SoftBank Corp
LATE STAGE
$750.0M - Series G
Nubank (2013, Sao Paulo, $2.3B)
Digital bank for consumers
Berkshire Hathaway, Sands Capital, Verde Asset
Management, MSA, Tarsadia Investments, and 4 more
LATE STAGE
Series C
C6bank (2018, Sao Paulo, $96.9M)
Internet first bank
JPMorgan Chase
EARLY STAGE
$3.8M - Series A
Franq (2019, Florianopolis, $3.8M)
Online marketplace for personal bankers
EARLY STAGE
$4.0M - Series A
Uello (2016, Sao Paulo, $5.5M)
Provider of last-mile eCommerce delivery services
btomorrowv.com, Capital Lab, Invest Tech
EARLY STAGE
$30.0M - Series B
Solfácil (2018, Sao Paulo, $34.8M)
Online marketplace for residential solar financing
QED Investors, Valor
EARLY STAGE
$400.0M - Series B
EBANX (2012, Curitiba, $430.0M)
Payment processing solutions
Advent International
SEED STAGE
$140.0K - Seed
Essent Agro (2018, , $140.0K)
Accounting, tax planning, and financial management
solution for businesses
SEED STAGE
$2.5M - Seed
88i Seguradora Digital (2018, Sao Paulo, $2.5M)
Online insurance platform for individuals
Dash

6. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Brazil Tech in June 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
$3.2M - Seed
TRACTIAN (2019, Sao Paulo, $3.3M)
Cloud-based predictive maintenance software for the
manufacturing industry
DGF Investimentos, Citrino Gestao
SEED STAGE
Seed
Divibank (2020, Sao Paulo, $3.6M)
Online platform for revenue-based financing
Basecamp

7. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Brazil Tech in June 2021
Brazil Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
CPP Investments
63 portfolio companies | Pension fund focused on the corporates of Canada
Nubank
Digital bank for consumers
$750M Series G
Berkshire Hathaway
23 portfolio companies | Holding company for a multitude of businesses
Nubank
Digital bank for consumers
$750M Series G
Sands Capital
31 portfolio companies | Portfolio investment management firm
Nubank
Digital bank for consumers
$750M Series G
Peninsula Ventures
26 portfolio companies | Tech focused VC firm investing in early stage startups
in the US
idwall
Big data and machine learning-based anti fraud detection solution
$40.14M Series C
MSA
31 portfolio companies | Venture capital fund investing in tech companies
Nubank
Digital bank for consumers
$750M Series G
Tarsadia Investments
12 portfolio companies | PE firm investing in the US
Nubank
Digital bank for consumers
$750M Series G
Basecamp
7 portfolio companies | Early-stage venture capital fund backed by AVG
Divibank
Online platform for revenue-based financing
Undisclosed Seed
Dash
1 portfolio companies | Digital currency used for making payments
88i Seguradora Digital
Online insurance platform for individuals
$2.50M Seed
btomorrowv.com
1 portfolio companies | Limited information available
Uello
Provider of last-mile eCommerce delivery services
$4.00M Series A
Endurance Investments
2 portfolio companies | Diversified investment management firm
idwall
Big data and machine learning-based anti fraud detection solution
$40.14M Series C

8. Brazil Tech - June 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 $1.4B 4 Nubank | $750M | Series G
2 ▲1 iBuying Platforms $525M 2 Loft | $425M | Series D
3 -- Cancer Detecting App $521M 1 Wecancer | $521M | Series D
4 -- Business Payments Solutions $400M 1 EBANX | $400M | Series B
5 <> 0 Internet First Retail Banks with Partner Bank's License $306M 2 Neon | $300M | Series C
6 ▼-4 Internet First Residential Real Estate Brokers $304M 2 QuintoAndar | $300M | Series E
7 -- Hyperlocal Delivery $205M 1 Loggi | $205M | Series D
8 ▼-4 Home Furnishing Products Marketplaces $190M 1 MadeiraMadeira | $190M | Series E
9 -- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D
10 ▲26 Crypto Exchanges $145M 2 Unico | $107M | Series B

9. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Brazil Tech in June 2021
Brazil Tech: Analyst Picks
9
Upgraded to SOONICORN
Buser (2017, Sao Paulo, Undisclosed, Seed)
App-based intercity bus ticket booking platform
Valor, SoftBank Latin America Fund, Monashees and 7
other Investors
Upgraded to SOONICORN
Solfácil (2018, Sao Paulo, $4.0M, Series A)
Online marketplace for residential solar financing
Valor,QED Investors,Distritoand
Upgraded to SOONICORN
idwall (2016, Sao Paulo, $9.7M, Series A)
Big data and machine learning-based anti fraud
detection solution
Qualcomm Ventures, Monashees, Canary and 8 other
Investors
Upgraded to MINICORN
TRACTIAN (2019, Sao Paulo, $125K, Seed)
Cloud-based predictive maintenance software for the
manufacturing industry
, Citrino Gestao, Liquid 2 Ventures and 4 other
Investors
Upgraded to MINICORN
Franq (2019, Florianopolis, $3.8M, Series A)
Online marketplace for personal bankers
Added to Editor's Pick
Chama (2016, Sao Paulo, Unfunded)
App-based platform offering doorstep gas delivery
services
Added to Editor's Pick
UOL EdTech (2013, Sao Paulo, Undisclosed, Seed)
Online learning solution for businesses and educational
institutions
SoftBank Latin America Fundand
Added to Editor's Pick
VAGAS (2000, Sao Paulo, Unfunded)
Online job portal for multi industry
Added to Editor's Pick
Vivaintra (2015, Maringa, Unfunded)
Online employee engagement solution for enterprises

10. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Brazil Tech in June 2021
Brazil Tech: Analyst Picks
10
Added to Editor's Pick
Zipia (2020, Sao Paulo, Undisclosed, Seed)
Lead generation solution for insurance industry
Andre Farber, 500 Startups, Flavio Dias and 1 other
Investors
Added to Editor's Pick
Logical Delivery (2020, Sao Paulo, Unfunded)
Provider of delivery management solutions
Added to Editor's Pick
Construa App (2018, Presidente Prudente,
Unfunded)
Online field force management for the construction
industry
Added to Editor's Pick
MyTracking (2015, Paulista, Unfunded)
Offers a web-based delivery management platform
Added to Editor's Pick
E-lastic (2018, Brasilia, Unfunded)
Muscle strength assessment tool for the decision-
making process
Added to Editor's Pick
Pilates Software (2015, Unfunded)
Provider of suite solution for fitness studio business
management
Added to Editor's Pick
Official Bank (2019, Sao Paulo, Unfunded)
Digital banks for businesses
Added to Editor's Pick
88i Seguradora Digital (2018, Sao Paulo, $2.5M,
Seed)
Online insurance platform for individuals
Dashand
Added to Editor's Pick
Quero 2 Pay (2020, Sao Paulo, Unfunded)
Payment processing solutions for merchants &
businesses
Added to Editor's Pick
Parcelex (2019, Rio De Janeiro, Unfunded)
Online point-of-sale financing marketplace for
individuals and businesses
Tesseraand
Added to Editor's Pick
School Guardian (2020, Santo Andre, Unfunded)
Mobile-based platform providing school administration
solutions
Added to Editor's Pick
Conta E (2019, Sao Paulo, Unfunded)
Digital bank for individuals

11. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Brazil Tech in June 2021
Brazil Tech: Analyst Picks
11
Added to Editor's Pick
EmailVeritas (2020, Florianopolis, Unfunded)
Email phishing security solutions provider
Added to Editor's Pick
Uniodonto (1989, Santa Maria, Unfunded)
An online listing platform for patients and employees
Added to Editor's Pick
AppNews Jovem Pan (2020, Sao Paulo, Unfunded)
App-based platform aggregating multi-category news
Added to Editor's Pick
SmartCheck (2020, Lagoa Santa, Unfunded)
AI-based health diagnosis devices for employees
Added to Editor's Pick
Élis (2010, Belo Horizonte, Unfunded)
SaaS-driven property management software for
owners and property managers
Added to Editor's Pick
aRedeShopping (2020, Ponta Grossa, Unfunded)
Online retailer offering multi-category products
Added to Editor's Pick
EasyFarm (2015, Ribeirao Preto, Unfunded)
Provider of software solution to manage farm data
Added to Editor's Pick
Udok (2019, Sao Paulo, Unfunded)
Digital business management tool for healthcare
professionals
Added to Editor's Pick
NetWord Agro (2014, Palotina, Unfunded)
Provider of monitoring solutions to prevent pests,
diseases, and weeds

12. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Brazil Tech in June 2021
Brazil Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
01 Jun 2021
OnePercent.IO(2017, Novo Hamburgo)
Blockchain development as a service
MOSS
07 Jun 2021
WEEL(2014, Sao Paulo, $63.1M)
Invoice factoring solution
Banco BS2
11 Jun 2021
BAW CLOTHING(2014, Sao Paulo)
Internet first brand offering multi-category fashion products for
women and men
Arezzo&Co $20.5M
17 Jun 2021
Monetus(2016, Belo Horizonte)
Robo advisor & investment management platform
Toro Investimentos
17 Jun 2021
Mobills(2013, Fortaleza)
Expense tracking and budgeting platform
Toro Investimentos
28 Jun 2021
Elo7(2008, Sao Paulo, $16.0M)
Online marketplace for buying and selling handicraft products
Etsy $217.0M

13. Brazil Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Brazil Tech in June 2021
Brazil Tech:News
13
Exit News
.
● GOL To Acquire Brazilian Airline MAP Transportes Aéreos PR Newswire
.
● Bizzabo Acquires x.ai to Launch AI-powered Scheduling and Accelerate
Personalized Event Experiences exhibitoronline.com
.
● Rico Auto Industries acquires additional stake in subsidiary - Rico Investments
Business Standard
.
● Brazil’s BS2 Bank and Fintech Firm WEEL Announce Merger Finance Magnates
.
● Santander's broker Toro Investimentos acquires Mobills and Monetus
labsnews.com
.
● Amil announces acquisition of Grupo Santa Helena Saúde dgabc.com.br
.
● Brazil's Boa Vista acquires digital debt renegotiation platform Right Agreement
S&P Global
.
● Tempo Assist buys startup Fix for R$210 million Exame

14. Brazil Tech - June 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 Creditas
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
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Exits
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