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.
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.