Redpoint, e.ventures, and Qualcomm Ventures are active in Brazil; they are investors in several companies on our list.

Brazil’s tech ecosystem has been growing rapidly, and several startups have broken out recently on the back of big rounds.

For example, fintech startup Nubank (which received a $52M Series C in January 2016) has raised $98.3M in funding to date.

With Brazilian tech companies starting to gain momentum, we used CB Insights data to highlight 11 early-stage Brazilian tech companies to keep an eye on. These are startups that have raised funds within the last 12 months but have not yet raised a Series B round.

We used CB Insights Mosaic algorithm, which tracks the health of private companies, to identify some early-stage companies in the seed and Series A stage with traction. (Mosaic has three components, which gauge a company’s health in terms of financing, industry category, and overall momentum.)

Startups here are addressing digital health, e-commerce, logistics, and more.

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Among the startups on our list is dr.consulta, a digital health company that has raised roughly $25.9M to date, making it the most well-funded company on our list.

The list below is diverse ranging from health and wellness marketplaces like Vaniday to lending platforms like BankFacil. Redpoint e.ventures and Qualcomm Ventures are investors in several startups on our list.

Check out the 11 startups below.

Top 11 Brazilian Startups To Watch
Company Total Funding ($M) Description Select Investors
dr.consulta  $25.9 Digital health Kaszek Ventures and LGT Venture Philanthropy
Vaniday  $16.4 Beauty & wellness marketplace Holtzbrinck Ventures and Rocket Internet
Trocafone  $12.0 Electronics e-commerce 500 Startups, Lumia Capital, Quasar, and Wayra
Geofusion  $9.2 Geolocation services DGF Investimentos and Intel Capital
QuintoAndar  $7.4 Real estate tech marketplace Kaszek Ventures
Mandae Technologies  $4.4 Shipping/logistics Monashees Capital, Qualcomm Ventures, and Valor Capital Group
Sontra  $3.4 Trucking logistics Lumia Capital and Valor Capital Group
BankFacil  $3.0 Lending platform Frontier Investments Group and Redpoint e.ventures
Meus Pedidos Software  $1.9 Sales management software Monashees Capital and Qualcomm Ventures
aLavadeira  $1.6 Subscription laundry service Cventures Primus
Xerpa  $0.9 HR tech Kaszek Ventures and Redpoint e.ventures

Want more data on tech startups in Brazil? Check out our venture capital database below.