Nubank, Loggi and more: see 10 biggest contributions to Brazilian startups of 2021
It was a good year for Nubank . The biggest Brazilian fintech not only registered the largest investment in the country in 2021 but also appeared twice in the top 10, also occupying the third place. In June, the digital bank won a huge US$ 750 million (BRL 4.2 billion) in a series G round. Funds such as Berkshire Hathaway (from billionaire Warren Bufffet), Sands Capital, Verde Asset and Absolute Partners collaborated with the hefty .
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In second place is the real estate startup Loft, which in March obtained US$425 million (R$2.3 billion) in a series D round led by D1 Capital, with participation by George Soros' Soros Fund Management.
The third position came again from Nubank . In January, it snapped up US$400 million (R$2.2 billion) in series G with contributions from GIC, Tencent, Dragoneer Investment Group, Ribbit Capital, Sequoia Capital and Whale Rock.
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The fourth place was in series C by fintech Ebanx in June, which received in an investment round the amount of US$ 430 million (R$ 2.4 billion) from Advent International. And why isn't she third? Is that out of that amount, "only" US$ 400 million went to the startup. The other US$ 30 million (R$ 168 million) will be used to support the company's future IPO (listing on the Stock Exchange), which will take place in the United States.
Fifth place belongs to proptech Quinto Floor. Its series E-type round in May raised $300 million (R$1.6 billion). The round was led by Rabbit Capital and featured SoftBank Latin America Fund, LTS, Maverick, Alta Park, Dragoneer, Qualcomm and Kaszek Ventures.
The remainder of the top 10 was occupied respectively by e-commerce brand accelerator Merama, by wellness company Gympass, by logistics startup Loggi, by fintech from cryptoactives Mercado Bitcoin and by CargoX, also in logistics (see details below).
According to the monthly report Inside Venture Capital, produced by the District, in 2021 there was in Brazil US$ 8.85 billion (R$ billion) in contributions, in a total of 677 rounds. “One of the highlights of 2021 was the number of startups that had investment megarounds. We had very large rounds that leveraged the total for the year, already three times greater than that of 2020. This is because companies have become more mature, with higher capital consumption and more investments in technologies", Gustavo Araujo, CEO and co-founder told R7 of the District.
Top 10 of 2021 contributions in Brazil
- Nubank : US$750 million (R$4.2 billion). Investors: Berkshire Hathaway, Sands Capital, Verde Asset and Absolute Partners;
- Loft : US$425 million (R$2.3 billion). Investors: D1 Capital and Soros Fund Management;
- Nubank : US$ 400 million (R$ 2.2 billion). Investors: GIC, Tencent, Dragoneer Investment Group, Ribbit Capital, Sequoia Capital and Whale Rock;
- Ebanx : US$ 400 million (R$ 2.2 billion). Investors: Advent International (with another $30 million set aside for future investment);
- Fifth Floor : US$ 300 million (R$ 1.6 billion). Investors: Rabbit Capital, SoftBank Latin America Fund, LTS, Maverick, Alta Park, Dragoneer, Qualcomm and Kaszek Ventures;
- Merama : US$225 million (R$1.3 billion). Investors: Softbank, Advent International, Globo Ventures, Monashees, Valor Capital, Balderton Capital and MAYA Capital;
- Gympass : US$ 220 million (R$ 1.2 billion). Investors: Softbank Group, General Atlantic, Moore Strategic Ventures, Kaszek and Valor Capital Group;
- Loggi : US$ 212 million (R$ 1.2 billion). Investors: CapSur Capital, Fundo Verde, Monashees, Softbank, GGV, Microsoft and Sunley House;
- Bitcoin Market : US$ 200 million (R$ 1.1 billion). Investors: Softbank;
- CargoX : US$ 200 million (R$ 1.1 billion). Investors: Softbank, Tencent, Banks BID Invest, BTG Pactual, LightRock, Reinvent Capital and Valor Capital Group.
Read the article on Canaltech .
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Text source: CoinRevolution
