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1. TRACXN TOP BUSINESS MODELS REPORT
November 03, 2021
BRAZIL TECH

2. Brazil Tech - Top Business Models Report Copyright © 2021, 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 © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Funding in last 1 year
3
Banking Tech $1.5B
Residential Real Estate Tech $966M
E-Commerce Enablers $803M
Home Improvements $190M
Sales Force Automation $163M
Pet Tech $150M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
SP Ventures
Clocktower Technology
Ven..
13
3
3
Early
Stage
Global Founders Capital
FJ Labs
Kaszek Ventures
6
6
5
Late
Stage
Advent International
Monashees
Kaszek Ventures
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
Nubank
(2013, Sao Paulo)
$400M - Series G
EBANX
(2012, Curitiba)
$400M - Series C
QuintoAndar
(2012, Sao Paulo)
$300M - Series E
Creditas
(2012, Itaim Bibi)
$255M - Series E
Loggi
(2013, Sao Paulo)
$205M - Series D
Mercado Bitcoin
(2013, Sao Paulo)
$200M - Series B
Cargo X
(2013, Sao Paulo)
$200M - Series F
Movile
(1998, Sao Paulo)
$200M - Series D
2TM
(2013, Sao Paulo)
$200M - Series B
Sao Paulo (76%)
Curitiba (10%)
Itaim Bibi (4%)
Porto Alegre (3%)
Belo Horizonte (2%)
Others (6%)

4. Copyright © 2021, 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▲20 E-Commerce Storefronts $590M 2 Nuvemshop | $500M | Series E Link
2▲2 iBuying Platforms $525M 2 Loft | $425M | Series D Link
3▲44 Internet First Residential Real Estate Brokers $441M 3 QuintoAndar | $300M | Series E Link
4-- Business Payments Solutions $400M 1 EBANX | $400M | Series C Link
5-- Crypto Exchanges $238M 2 Mercado Bitcoin | $200M | Series B Link
6-- Hyperlocal Delivery $205M 1 Loggi | $205M | Series D Link
7▲5 Truck Booking Marketplace $200M 2 Cargo X | $200M | Series F Link
8-- Blockchain Protocol for Financial Services $200M 2 2TM | $200M | Series B Link
9-- Home Furnishing Products Marketplaces $190M 1 MadeiraMadeira | $190M | Series E Link
10-- Merchant Acquirer Companies $190M 1 CloudWalk | $190M | 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 © 2021, 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▼4 KYC for Financial Institutions $161M 2 Unico | $121M | Series C Link
12▲1 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-- E-Commerce Software Suite $130M 3 Hotmart | $130M | Series C Link
17▼11 Physiological Biometrics $121M 1 Unico | $121M | Series C Link
18▼16 Facial Biometric Systems $121M 1 Unico | $121M | Series C Link
19▼11 Facial Recognition $121M 1 Unico | $121M | Series C Link
20-- Online Agriculture Payments $120M 1 Ectare | $120M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, 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-- ERP for SMBs $112M 1 Omie | $112M | Series C Link
22-- CRM for SMB $112M 1 Omie | $112M | Series C Link
23-- Core Banking Platforms $108M 1 Pismo | $108M | Series B Link
24▼5 Station Based Intercity Car Rentals $104M 1 Kovi | $104M | Series B Link
25-- Online Test Preparation Tutoring $84.5M 1 Descomplica | $84.5M | Series E Link
26-- Online K-12 Academic Courses $84.5M 1 Descomplica | $84.5M | Series E Link
27-- Marketplaces Software Suite $81.2M 2 Olist | $58.2M | Series D Link
28▼14 Station Based Electric Bike Rentals $80.0M 1 Tembici | $80.0M | Series C Link
29▼14 Bicycle Rentals Software $80.0M 1 Tembici | $80.0M | Series C Link
30-- Card Linked Digital Wallets $70.0M 1 RecargaPay | $70.0M | 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 © 2021, 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-- Identity Verification $40.1M 1 idwall | $40.1M | Series C Link
32▲3 Internet First Revenue Based Financing $38.6M 3 A55 | $35.0M | Series A Link
33-- Trade Management Software $35.0M 1 Vórtx | $35.0M | Series B Link
34-- Legal Online Consultation $32.4M 1 JusBrasil | $32.4M | Series C Link
35▲10 Solar Project Development Services Marketplace $30.0M 1 Solfácil | $30.0M | Series B Link
36▼9 Open Banking API Providers $25.7M 2 SWAP | $25.0M | Series A Link
37-- C2B Used Cars Marketplaces $23.0M 1 InstaCarro | $23.0M | Series B Link
38-- Internet First Corporate Prepaid Expense Cards $22.0M 1 Flash Benefits | $22.0M | Series B Link
39▼34 Payment Card Issuer Processors $20.0M 1 Conductor | $20.0M | Series D Link
40▼2 Online Community for Physical Fitness Mangement $20.0M 1 Pipo Saúde | $20.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, 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▼1
Healthcare IT > Provider > Clinical Operations >
Decision Support > Therapy Plan > Medication..
$17.7M 1 Memed | $17.7M | Series B Link
42▼1 Healthcare Data $17.7M 1 Memed | $17.7M | Series B Link
43▼18 White Label Wallet Solutions $15.0M 1 Hash | $15.0M | Series B Link
44▲26 Trade Data Management $10.3M 1 LogComex | $10.3M | Series A Link
45--
B2B E-Commerce > Food & Beverages > Groceries >
Farm Products > E-Distributor
$9.4M 1 Mercê do Bairro | $9.4M | Series A Link
46-- Online B2B Grocery Distributor $9.4M 1 Mercê do Bairro | $9.4M | Series A Link
47-- Online Meal Kits Delivery $7.8M 1 Liv Up | $7.8M | Series B Link
48-- B2B E-Commerce > Horizontal > Marketplace $6.1M 2 Zax | $6.0M | Series A Link
49-- Fantasy Soccer Platforms $6.0M 1 King of Pitaco | $6.0M | Series A Link
50▼24 Internet First Invoice Financing Marketplace $6.0M 1 Monkey Exchange | $6.0M | 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 © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Nuvemshop (2011, Sao Paulo)
$500M - Series E - Aug 2021
Nuvemshop (2011, Sao Paulo)
$90.0M - Series D - Mar 2021
E-Commerce Storefronts - Brazil
01
9
Back to index
E-Commerce Enablers (Olist)
(# Cos: 134 | $907M)
Storefronts (Loja Integrada)
(# Cos: 31 | $635M)
Diversified (Nuvemshop)
(# Cos: 23 | $635M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$590M (▲1867%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$635M
5
-
23
1
Nuvemshop
(2011, Sao Paulo, $632M)
Loja Integrada
(2013, Sao Paulo)
EZ Commerce
(2007, Sao Paulo, $2.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, 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: 43 | $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 (▲200%)
2(▲100%)
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 © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Residential Real Estate
Brokers - Brazil
03
11
Back to index
Residential Real Estate Tech (Loft)
(# Cos: 43 | $1.7B)
Online Brokers (QuintoAndar)
(# Cos: 3 | $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
-
3
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

12. Copyright © 2021, 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
04
12
Back to index
Payments (RecargaPay)
(# Cos: 250 | $1.1B)
Business Payments (Vindi)
(# Cos: 100 | $476M)
Diversified (EBANX)
(# Cos: 12 | $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
-
12
1
EBANX
(2012, Curitiba, $430M)
ACQIO
(2014, Barueri)
Pagcerto
(2013, Aracaju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Crypto Exchanges - Brazil
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$238M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$238M
1
-
56
1
Cryptocurrencies (NovaDAX)
(# Cos: 151 | $238M)
Financial Services (BITCOIN TO YOU)
(# Cos: 119 | $238M)
Investment Industry (BitcoinTrade)
(# Cos: 86 | $238M)
Crypto Exchanges (Mercado
Bitcoin)
(# Cos: 56 | $238M)
Mercado Bitcoin
(2013, Sao Paulo, $238M)
BITCOIN TO YOU
(2010, Belo Horizonte)
NovaDAX
(2008, Sao Paulo)
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
Mercado Bitcoin (2013, Sao Paulo)
$37.6M - Series A - Jan 2021

14. Copyright © 2021, 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
06
14
Back to index
Logistics Tech (Cargo X)
(# Cos: 491 | $1.6B)
Parcel (Loggi)
(# Cos: 182 | $1.1B)
Hyperlocal Delivery (iFood)
(# Cos: 88 | $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
-
88
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.

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Truck Booking Marketplace - Brazil
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$200M (▲138%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$382M
11
-
46
1
Logistics Tech (iFood)
(# Cos: 491 | $1.6B)
Freight (LogComex)
(# Cos: 249 | $459M)
Trucking (Cobli)
(# Cos: 190 | $445M)
Heavy Cargo (Fretebras)
(# Cos: 58 | $399M)
Marketplace (Cargo X)
(# Cos: 46 | $382M)
Cargo X
(2013, Sao Paulo, $377M)
TruckPad
(2014, Sao Paulo)
Sontra Cargo
(2013, Olimpia, $2.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cargo X (2013, Sao Paulo)
$200M - Series F - Oct 2021
goFlux (2015, Sao Paulo)
$1.2M - Seed - Jun 2021

16. Copyright © 2021, 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)
Undisclosed - Series A - Jan 2021
Blockchain Protocol for Financial
Services - Brazil
08
16
Back to index
Blockchain Infrastructure (Rhizom)
(# Cos: 7 | $200M)
Blockchain Network (Ethereum Classic)
(# Cos: 4 | $200M)
Finance (2TM)
(# Cos: 2 | $200M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$200M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$200M
2
-
2
1
2TM
(2013, Sao Paulo, $200M)
Ethereum Classic
(2016, Curitiba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Home Furnishing Products Marketplaces
- Brazil
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$190M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$300M
2
-
3
1
Home Improvements (Mooble)
(# Cos: 56 | $339M)
B2C Commerce (Oppa Design)
(# Cos: 43 | $339M)
Horizontal (Mobly)
(# Cos: 13 | $339M)
Marketplace (MadeiraMadeira)
(# Cos: 3 | $300M)
MadeiraMadeira
(2009, Curitiba, $300M)
Hometeka
(2012, Belo Horizonte)
Muma
(2013, Recife)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MadeiraMadeira (2009, Curitiba)
$190M - Series E - Jan 2021

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Merchant Acquirer Companies - 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
$190M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$206M
1
-
1
1
Payments (RecargaPay)
(# Cos: 250 | $1.1B)
Enablers (Cielo)
(# Cos: 24 | $436M)
White Label Solutions (Zoop)
(# Cos: 9 | $263M)
Merchant Acquirers (CloudWalk)
(# Cos: 1 | $206M)
CloudWalk
(2013, Sao Paulo, $206M)
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

19. Copyright © 2021, 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 (Unico)
(# Cos: 14 | $299M)
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 (▲37.6%)
2( <> 0% )
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 © 2021, 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
-
20
0
Pet Tech (DogHero)
(# Cos: 64 | $242M)
Pet Supplies Ecommerce (Petnanet)
(# Cos: 25 | $226M)
Horizontal (Tudo de Bicho)
(# Cos: 24 | $226M)
Retailer (Zee Now)
(# Cos: 22 | $226M)
Cats and Dogs (Petz)
(# Cos: 20 | $226M)
B2C (Pet Love)
(# Cos: 20 | $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 © 2021, 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 (C6bank)
(# Cos: 161 | $3.2B)
Internet First Banks (Nubank)
(# Cos: 99 | $3.0B)
Through Bank Partnerships (Neon)
(# Cos: 71 | $673M)
Business Banking (Cora)
(# Cos: 16 | $153M)
Cora
(2019, Sao Paulo, $153M)
Banco Topazio
(2005, Porto Alegre)
Linker
(2019, Sao Paulo)
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 © 2021, 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: 168 | $460M)
Transportation (Kovi)
(# Cos: 46 | $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 © 2021, 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 (Estapar)
(# Cos: 359 | $1.2B)
Mass Transit (ClickBus)
(# Cos: 49 | $158M)
Shuttle (TopBus+)
(# Cos: 7 | $138M)
Aggregator (Buser)
(# Cos: 5 | $138M)
Buser
(2017, Sao Paulo, $138M)
CityBus 2.0
(2018, Goiania)
Rutt
(2020, Natal)
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 © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Software Suite - Brazil
16
24
Back to index
E-Commerce Enablers (Nuvemshop)
(# Cos: 134 | $907M)
Ecommerce Software Suite (Olist)
(# Cos: 40 | $250M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$130M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$250M
15
-
40
2
Olist
(2015, Curitiba, $114M)
Hotmart
(2011, Belo Horizonte, $130M)
Infracommerce
(2012, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hotmart (2011, Belo Horizonte)
$130M - Series C - Mar 2021
Olist (2015, Curitiba)
$58.2M - Series D - Nov 2020
Olist (2015, Curitiba)
$23.0M - Series D - Apr 2021

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Physiological Biometrics - Brazil
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$121M (▲3.2%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$237M
2
-
4
1
Cybersecurity (PSafe)
(# Cos: 105 | $359M)
IAM (idwall)
(# Cos: 19 | $291M)
Biometrics (BigData)
(# Cos: 5 | $237M)
Physiological (Unico)
(# Cos: 4 | $237M)
Unico
(2007, Sao Paulo, $237M)
BigData
(2013, Barra Da Tijuca)
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

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Biometric Systems - 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 (▼48.4%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
3
-
9
2
Security & Surveillance Technology (Gabriel)
(# Cos: 123 | $369M)
PIAM (PPA)
(# Cos: 26 | $355M)
Biometrics System (Unico)
(# Cos: 12 | $355M)
Facial Biometrics (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 © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Recognition - Brazil
19
27
Back to index
Image Recognition (CyberLabs)
(# 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 (▲3.2%)
1(▼75%)
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

28. Copyright © 2021, 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
20
28
Back to index
Crop Tech (Agrosmart)
(# Cos: 213 | $262M)
Finance (Agryo)
(# Cos: 6 | $122M)
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.

29. Copyright © 2021, 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
21
29
Back to index
ERP (Superlogica)
(# Cos: 278 | $210M)
Multi-Industry (TOTVS)
(# Cos: 144 | $138M)
SMB-Focused (Omie)
(# Cos: 79 | $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
-
79
1
Omie
(2013, Sao Paulo, $138M)
Bling
(2008, Bento Goncalves)
MarketUP
(2012, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, 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
22
30
Back to index
Sales Force Automation (Exact Sales)
(# Cos: 131 | $254M)
CRM (RD Station)
(# Cos: 62 | $239M)
SMB Suite (Omie)
(# Cos: 26 | $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
-
26
1
Omie
(2013, Sao Paulo, $138M)
Agendor
(2012, Sao Paulo)
PipeRun
(2018, Porto Alegre)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Core Banking Platforms - Brazil
23
31
Back to index
Banking Tech (Nubank)
(# Cos: 161 | $3.2B)
Core Banking Platforms (Pismo)
(# Cos: 2 | $109M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$108M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$109M
1
-
2
1
Pismo
(2016, Sao Paulo, $109M)
QESH
(2018, Nova Lima)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pismo (2016, Sao Paulo)
$108M - Series B - Oct 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Station Based Intercity Car Rentals -
Brazil
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$104M (▲247%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$148M
3
-
7
1
Online Travel (Hurb)
(# Cos: 168 | $460M)
Transportation (Buser)
(# Cos: 46 | $301M)
Car (beepbeep)
(# Cos: 17 | $148M)
Rental (Moobie)
(# Cos: 16 | $148M)
Own Fleet (Turbi)
(# Cos: 9 | $148M)
Station Based (Kovi)
(# Cos: 7 | $148M)
Kovi
(2018, Sao Paulo City, $145M)
Turbi
(2016, Sao Paulo, $987K)
beepbeep
(2018, Sao Paulo)
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

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring - 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
$84.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
1
1
Test Preparation Tech (Estuda)
(# Cos: 30 | $115M)
Digital Learning (Gran Cursos Online)
(# Cos: 29 | $115M)
Diversified (Concursos de Bolso)
(# Cos: 5 | $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

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Academic Courses - Brazil
26
34
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
-
12
1
K-12 EdTech (Agenda Edu)
(# Cos: 167 | $136M)
B2C Learning Solutions (Profes)
(# Cos: 49 | $116M)
School Curriculum (meSalva!)
(# Cos: 30 | $116M)
Multi Subject (Stoodi)
(# Cos: 29 | $116M)
Online Courses (Descomplica)
(# Cos: 12 | $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

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Olist (2015, Curitiba)
$58.2M - Series D - Nov 2020
Olist (2015, Curitiba)
$23.0M - Series D - Apr 2021
Marketplaces Software Suite - Brazil
27
35
Back to index
E-Commerce Enablers (Nuvemshop)
(# Cos: 134 | $907M)
Ecommerce Software Suite (Hotmart)
(# Cos: 40 | $250M)
Marketplaces (Olist)
(# Cos: 12 | $119M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$81.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$119M
6
-
12
1
Olist
(2015, Curitiba, $114M)
Brasil/CT
(2010, Barueri)
Plugg.To
(2013, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Bike Rentals -
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
$80.0M (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
2
1
Electric Vehicles (Mottu)
(# Cos: 30 | $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

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Bicycle Rentals Software - 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 (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
3
1
Road Transport Tech (Estapar)
(# Cos: 359 | $1.2B)
Self Drive Rentals (Kovi)
(# Cos: 37 | $347M)
Tech Enablers (InfoSistemas)
(# Cos: 5 | $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

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Digital Wallets - 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
$70.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$123M
3
-
9
1
Payments (EBANX)
(# Cos: 250 | $1.1B)
Consumer Payments (Z1)
(# Cos: 126 | $162M)
Wallets (iti)
(# Cos: 37 | $123M)
Card Linked (RecargaPay)
(# Cos: 9 | $123M)
RecargaPay
(2010, Sao Paulo, $123M)
PicPay
(2012, Vila Velha)
PandaPay
(2019, Sao Paulo)
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

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Identity Verification - 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
$40.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$53.9M
1
-
1
1
Cybersecurity (PSafe)
(# Cos: 105 | $359M)
IAM (Unico)
(# Cos: 19 | $291M)
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

40. Copyright © 2021, 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
$38.6M (▲451%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.6M
2
-
3
2
Alternative Lending (Guiabolso)
(# Cos: 149 | $985M)
Online Lenders (Creditas)
(# Cos: 121 | $860M)
Business Loans (BizCapital)
(# Cos: 31 | $154M)
Revenue Based Financing (Divibank)
(# Cos: 3 | $45.6M)
Direct Lender (A55)
(# Cos: 3 | $45.6M)
A55
(2019, Sao Paulo, $42.0M)
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
Divibank (2020, Sao Paulo)
$3.6M - Seed - May 2021
Divibank (2020, Sao Paulo)
Undisclosed - Seed - Jun 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Trade Management Software - 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
$35.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.0M
1
-
3
1
Investment Tech (Guiabolso)
(# Cos: 162 | $318M)
Capital Market IT (Tryd)
(# Cos: 6 | $35.0M)
Trade Management (Fast Trade)
(# Cos: 4 | $35.0M)
Suite (Vórtx)
(# Cos: 3 | $35.0M)
Vórtx
(2015, Sao Paulo, $35.0M)
Fast Trade
(2020, Sao Paulo)
Quios
(2021, Pinheiros)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vórtx (2015, Sao Paulo)
$35.0M - Series B - Mar 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Legal Online Consultation - 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
$32.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.2M
1
-
6
0
Legal Tech (Clicksign)
(# Cos: 110 | $42.8M)
Legal Marketplace (Oi Advogado)
(# Cos: 11 | $42.2M)
Lawyers (Protest Search)
(# Cos: 11 | $42.2M)
Online Consultation (JusBrasil)
(# Cos: 6 | $42.2M)
JusBrasil
(2008, Salvador, $42.2M)
Protest Search AdvogadoComunitario
(2019, Brasilia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
JusBrasil (2008, Salvador)
$32.4M - Series C - Apr 2021

43. Copyright © 2021, 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
35
43
Back to index
Renewable Energy Tech (SolarView)
(# Cos: 19 | $35.2M)
Solar Energy (SolarZ)
(# Cos: 12 | $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.

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
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
36
44
Back to index
Banking Tech (Nubank)
(# Cos: 161 | $3.2B)
Open Banking (SWAP)
(# Cos: 21 | $48.0M)
Banking APIs (Fitbank)
(# Cos: 14 | $44.1M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$25.7M (▲39.6%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$44.1M
5
-
14
2
Fitbank
(2016, Sao Bernardo Do.., $666K)
SWAP
(2020, Sao Paulo, $28.3M)
Dock
(2019, Barueri)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - 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
$23.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.0M
1
-
3
1
Auto E-Commerce & Content (VAI)
(# Cos: 110 | $179M)
Second Hand Vehicles (ICarros)
(# Cos: 34 | $82.9M)
Cars (Volanty)
(# Cos: 20 | $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

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Prepaid Expense
Cards - 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
$22.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
3
-
6
1
Payments (EBANX)
(# Cos: 250 | $1.1B)
Consumer Payments (RecargaPay)
(# Cos: 126 | $162M)
Payment Cards (Pagseguro)
(# Cos: 67 | $35.2M)
Prepaid Cards (Z1)
(# Cos: 54 | $35.2M)
Corporate Cards (Meu Alelo)
(# Cos: 14 | $24.5M)
Expense card (VR Benefits)
(# Cos: 6 | $22.0M)
VR Benefits
(1977, Barueri)
Flash Benefits
(2018, Sao Paulo, $22.0M)
Neo Facilities App
(2016, Barueri)
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

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Conductor (1997, Sao Paulo)
$20.0M - Series D - Dec 2020
Payment Card Issuer Processors - Brazil
39
47
Back to index
Payments (RecargaPay)
(# Cos: 250 | $1.1B)
Enablers (CloudWalk)
(# Cos: 24 | $436M)
Issuer Processor (Cielo)
(# Cos: 5 | $170M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$20.0M (▼86.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$170M
5
2
5
0
Cielo
(1995, Barueri)
Stone
(2013, Sao Paulo)
Conductor
(1997, Sao Paulo, $170M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Community for Physical Fitness
Mangement - 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
$20.0M (▲335%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.6M
1
-
1
1
Employee Health IT (Vittude)
(# Cos: 41 | $47.1M)
Tech Enabled Services (Cuidas)
(# Cos: 29 | $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

49. Copyright © 2021, 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
41
49
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
0
Healthcare IT (Conexa Saúde)
(# Cos: 422 | $82.7M)
Provider (Zenklub)
(# Cos: 354 | $69.7M)
Clinical Operations (Brain4 Care)
(# Cos: 29 | $31.8M)
Decision Support (ToLife)
(# Cos: 26 | $31.8M)
Therapy Plan (DoseCheck)
(# Cos: 6 | $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

50. Copyright © 2021, 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
42
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Data as a Service (Escavador)
(# 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
0
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.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
White Label Wallet Solutions - Brazil
43
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$15.0M (▼26.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.8M
2
-
4
2
Payments (RecargaPay)
(# Cos: 250 | $1.1B)
Enablers (Cielo)
(# Cos: 24 | $436M)
White Label Solutions (CloudWalk)
(# Cos: 9 | $263M)
Wallets (Zoop)
(# Cos: 4 | $56.8M)
Zoop
(2018, Barra Da Tijuca, $29.7M)
Hash
(2017, Sao Paulo, $27.1M)
BRYDGE
(2019, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hash (2017, Sao Paulo)
$15.0M - Series B - Apr 2021

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Trade Data Management - Brazil
44
52
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$10.3M (▲1604%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.9M
1
-
1
1
Logistics Tech (iFood)
(# Cos: 491 | $1.6B)
Freight (Cargo X)
(# Cos: 249 | $459M)
Multimodal (Roadcard)
(# Cos: 46 | $14.4M)
Technology Enablers (Bsoft)
(# Cos: 37 | $14.1M)
Trade Management (Kestraa)
(# Cos: 9 | $13.6M)
Trade Data (LogComex)
(# Cos: 1 | $10.9M)
LogComex
(2015, Curitiba, $10.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LogComex (2015, Curitiba)
$10.3M - Series A - Aug 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Food & Beverages > Groceries > Farm
Products > E-Distributor - Brazil
45
53
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$9.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.4M
1
-
4
1
B2B E-Commerce (Gro Direto)
(# Cos: 74 | $41.0M)
Food & Beverages (Poupachef)
(# Cos: 9 | $13.4M)
Groceries (Blim)
(# Cos: 9 | $13.4M)
Farm Products (Cayena)
(# Cos: 8 | $13.4M)
E-Distributor (Mercê do Bairro)
(# Cos: 4 | $9.4M)
Mercê do Bairro
(2020, Sao Paulo, $9.4M)
CBC Agronegocios DEBROKER
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mercê do Bairro (2020, Sao Paulo)
$9.4M - Series A - Oct 2021

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online B2B Grocery Distributor - Brazil
46
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$9.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.4M
1
-
1
1
Online Grocery (Liv Up)
(# Cos: 106 | $84.9M)
B2B Ecommerce (Gro Direto)
(# Cos: 12 | $14.0M)
Multi-Category (Cayena)
(# Cos: 5 | $13.4M)
E-Distributor (Mercê do Bairro)
(# Cos: 1 | $9.4M)
Mercê do Bairro
(2020, Sao Paulo, $9.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mercê do Bairro (2020, Sao Paulo)
$9.4M - Series A - Oct 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Meal Kits Delivery - Brazil
47
55
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$7.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$37.3M
2
-
2
1
Online Grocery (Gro Direto)
(# Cos: 106 | $84.9M)
B2C Ecommerce (The Wine)
(# Cos: 79 | $70.9M)
Recipe Box (Fruitera)
(# Cos: 4 | $37.3M)
Meals (Liv Up)
(# Cos: 2 | $37.3M)
Liv Up
(2015, Sao Paulo, $37.3M)
Cheftime
(2014, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Liv Up (2015, Sao Paulo)
$7.8M - Series B - Jan 2021

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Zax (2019, Sao Paulo)
$6.0M - Series A - Oct 2021
Gonddo (2019, Pinheiros)
$125K - Seed - Jan 2021
B2B E-Commerce > Horizontal >
Marketplace - Brazil
48
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B2B E-Commerce (Gro Direto)
(# Cos: 74 | $41.0M)
Horizontal (Gaveteiro)
(# Cos: 9 | $17.4M)
Marketplace (Zax)
(# Cos: 7 | $17.4M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$6.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.4M
4
-
7
2
Zax
(2019, Sao Paulo, $8.3M)
Gaveteiro
(2012, Sao Paulo, $9.0M)
Gonddo
(2019, Pinheiros, $125K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Soccer Platforms - Brazil
49
57
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.0M
1
-
3
1
Sports Tech (Netshoes)
(# Cos: 100 | $463M)
Fantasy Sports (King of Pitaco)
(# Cos: 5 | $6.0M)
Online Platforms (Overlegends)
(# Cos: 5 | $6.0M)
Soccer (Premium League)
(# Cos: 3 | $6.0M)
Premium League
(2017, Sao Paulo)
King of Pitaco
(2019, Sao Paulo, $6.0M)
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)
$6.0M - Series A - May 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Invoice Financing
Marketplace - Brazil
50
58
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$6.0M (▼67.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$73.0M
9
-
11
0
Alternative Lending (Guiabolso)
(# Cos: 149 | $985M)
Online Lenders (Creditas)
(# Cos: 121 | $860M)
Business Loans (BizCapital)
(# Cos: 31 | $154M)
Trade Finance (Monkey Exchange)
(# Cos: 15 | $81.5M)
Invoice Financing (Adianta)
(# Cos: 12 | $73.0M)
Marketplace (WEEL)
(# Cos: 11 | $73.0M)
WEEL
(2014, Sao Paulo, $63.1M)
Adianta
(2016, Sao Paulo, $2.2M)
Monkey Exchange
(2016, Sao Paulo, $7.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Monkey Exchange (2016, Sao Paulo)
$6.0M - Series A - Feb 2021

59. Brazil Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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