📅 Last Updated: February 10, 2026 | New Brazil startups added weekly
Looking for recently funded Brazil startups? You’re in the right place. Brazil startups are transforming Latin America’s largest economy, with the nation’s tech sector now valued at over $100 billion. Brazil startups raised a record $3.8 billion in 2024, solidifying the country’s position as Latin America’s innovation powerhouse.
Our team tracks Brazil startup funding announcements every week, maintaining the most comprehensive database of verified contacts, funding details, and company intelligence. Below, you’ll find 100 recently funded Brazil startups with actionable data you can use today.
👉 Jump to the List of 100 Funded Brazil Startups
Quick Stats: Brazilian Startup Funding in 2025
- 📍 Major hubs: São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba
- 💰 Total funding 2024: $3.8 billion across 420+ deals
- 🏢 Brazil startups tracked: 780 companies in our database
- 📈 Growth rate: 45% increase year-over-year
- 🎯 Top sectors: FinTech (35%), E-commerce (22%), HealthTech (15%)
Table of Contents
Why Brazil Startups Lead Latin America
Brazil startups have established the country as the undisputed leader of Latin America’s startup ecosystem, accounting for over 50% of all venture capital investment in the region. With a population of 215 million and GDP of $2.1 trillion, Brazil provides both massive domestic market opportunity and a strategic gateway to Spanish-speaking Latin American markets. Several key factors drive momentum for Brazil startups:
- Massive Domestic Market: As Latin America’s largest economy, Brazil startups can achieve significant scale before international expansion, with 160 million internet users and 85% smartphone penetration providing deep digital market access
- Strong Entrepreneurial Culture: Brazil’s startup ecosystem has matured significantly since 2010, with experienced founders from earlier successes now mentoring and investing in the next generation of Brazil startups
- Government Support Programs: BNDES (Brazilian Development Bank), FINEP, and FAPESP provide substantial funding and support for innovation, with over R$2 billion (approximately $400 million USD) allocated to startup and innovation programs annually
- Talented Technical Workforce: Brazil produces over 50,000 engineering and computer science graduates annually from institutions like USP, UNICAMP, and ITA, creating a deep talent pool for Brazil startups
- Financial Services Innovation: Brazil’s Central Bank has been highly progressive with open banking regulations (implemented in 2021) and Pix instant payment system (launched in 2020), creating fertile ground for FinTech startups to thrive
According to the Brazilian Association for Startups and Entrepreneurship (ABStartups), the ecosystem now includes over 20,000 startups, with the sector employing approximately 150,000 people nationwide. The 2024 Latin America Startup Ecosystem Report by LAVCA (Latin American Venture Capital Association) confirmed Brazil’s position as the region’s #1 destination for venture capital, capturing 52% of all Latin American VC investment.
Recently Funded Startups in Brazil
Below is our curated database of the 100 most recently funded Brazilian startups. This data is updated weekly and sourced from Crunchbase, CVM (Brazilian Securities Commission) filings, Distrito Dataminer, and direct company announcements from Brazil startups.
| Name | Website | Industry | Country | Funding Amount (USD) | Funding Type | Last Funding Date |
|---|---|---|---|---|---|---|
| Anbetec Tecnologia | anbetec.com.br | B2B Software, Information Technology, Professional Services | Brazil | $5,669,684 | Venture - Series Unknown | February 2026 |
| Jabuti Technologies | jabuti.ai | Artificial Intelligence, B2B Software, Data | Brazil | $396,878 | Seed | February 2026 |
| Lerian | lerian.studio | FinTech, Finance, B2B Software | Brazil | $5,680,959 | Seed | February 2026 |
| Ruvo | ruvo.com | FinTech, Finance, Blockchain | Brazil | $4,600,000 | Seed | February 2026 |
| Nagro | nagro.com.br | FinTech, Finance, Agriculture, Analytics, Data | Brazil | $9,301,979 | Series B | January 2026 |
| Uma Penca | umapenca.com | Marketplace, E-commerce, Manufacturing | Brazil | $837,833 | Venture - Series Unknown | January 2026 |
| Lastlink | lastlink.com | B2B Software, Community, E-commerce, Marketing | Brazil | $5,238,346 | Series A | December 2025 |
| Mission Brasil | missionbrasil.com.br | B2B Software, Marketing, Professional Services, Sales | Brazil | $2,449,133 | Seed | December 2025 |
| Creditas | creditas.com | FinTech, Finance | Brazil | $108,000,000 | Series G | December 2025 |
| Klubi | klubi.com.br | FinTech, Finance | Brazil | $5,878,355 | Series A | December 2025 |
| Clara | clara.com | FinTech, Finance, Accounting, B2B Software | Brazil | $267,568 | Venture - Series Unknown | December 2025 |
| Crown | brl.xyz | FinTech, Finance, Blockchain | Brazil | $13,500,000 | Series A | December 2025 |
| The Led | theled.com.br | Hardware, Marketing, Advertising, Electronics | Brazil | $28,004,406 | Private Equity | December 2025 |
| Rivio | rivio.com.br | Healthcare, Artificial Intelligence, Analytics, B2B Software, Data | Brazil | $18,115,286 | Seed | December 2025 |
| Guarda | guardaclima.com | Insurance, Agriculture, Data, Environment | Brazil | $823,482 | Pre-Seed | December 2025 |
| Plain | plain.com.br | Investing, Finance, Artificial Intelligence, FinTech | Brazil | $307,709 | Pre-Seed | December 2025 |
| Morada.ai | morada.ai | Real Estate, Artificial Intelligence, B2B Software, Data | Brazil | $3,128,795 | Series A | December 2025 |
| Futuriza | futuriza.io | Artificial Intelligence, E-commerce, Fashion, Marketing | Brazil | $1,250,000 | Seed | November 2025 |
| twiggy | twiggy.ai | Artificial Intelligence, Fashion, E-commerce | Brazil | $653,058 | Pre-Seed | November 2025 |
| Mastery B2B Tech | masteryecommerce.tech | B2B Software, Artificial Intelligence, Finance | Brazil | $65,032 | Pre-Seed | November 2025 |
| eMentor | ementor.com.br | Education, B2B Software, Human Resources | Brazil | Venture - Series Unknown | November 2025 | |
| Vammo | vammo.com | EV, Automotive, Manufacturing | Brazil | $45,000,000 | Series B | November 2025 |
| ISA Saúde | isasaude.com | Healthcare | Brazil | $29,748,071 | Series B | November 2025 |
| Loomy | loomy.com.br | Security, Hardware, Internet of Things (IoT) | Brazil | $9,465,395 | Venture - Series Unknown | November 2025 |
| Rhino | vamosrhino.com | Transportation, Security, Mobile | Brazil | $2,798,821 | Seed | November 2025 |
| Sanii | sanii.com.br | Wellness, Fitness, Community | Brazil | $923,497 | Seed | November 2025 |
| Lastro | lastro.co | Artificial Intelligence, Real Estate | Brazil | $15,995,484 | Series A | October 2025 |
| zMatch | zmatch.com.br | Automotive | Brazil | $1,805,608 | Venture - Series Unknown | October 2025 |
| Nekt | nekt.com | Data, Artificial Intelligence, Cloud Computing, B2B Software | Brazil | $234,729 | Seed | October 2025 |
| Agent.Shop | agent.shop | E-commerce, Artificial Intelligence, B2B Software | Brazil | $1,027,077 | Seed | October 2025 |
| Bull | bullcredtech.com | FinTech, Finance | Brazil | $1,805,608 | Pre-Seed | October 2025 |
| Kanastra | kanastra.com.br | FinTech, Finance, B2B Software | Brazil | $30,000,000 | Series B | October 2025 |
| Crown | brl.xyz | FinTech, Finance, Blockchain | Brazil | $8,100,000 | Seed | October 2025 |
| CredAluga | credaluga.com.br | FinTech, Finance, Real Estate | Brazil | $11,215,163 | Series A | October 2025 |
| Ramax Group | ramax-group.com | Information Technology | Brazil | Private Equity | October 2025 | |
| Darwin Seguros | darwinseguros.com | Insurance, FinTech, Technology | Brazil | $18,879,449 | Series B | October 2025 |
| Guapeco | guapeco.com.br | Insurance, Pets | Brazil | $328,449 | Pre-Seed | October 2025 |
| Orange Viagens | orangeviagens.com.br | Travel, Hospitality, Insurance | Brazil | Seed | October 2025 | |
| Olho do Dono | olhododono.agr.br | Agriculture, 3D | Brazil | $410,892 | Venture - Series Unknown | September 2025 |
| Vigogh | vigogh.com | Artificial Intelligence | Brazil | Pre-Seed | September 2025 | |
| StationZero | stationzero.ai | Artificial Intelligence, E-commerce | Brazil | $300,000 | Pre-Seed | September 2025 |
| Caf | caf.io | Artificial Intelligence, FinTech, Finance, B2B Software, Cyber Security | Brazil | $9,386,498 | Venture - Series Unknown | September 2025 |
| Wehandle | wehandle.com.br | B2B Software | Brazil | $6,618,499 | Seed | September 2025 |
| BotCity | botcity.dev | B2B Software, Artificial Intelligence, Data | Brazil | $12,000,000 | Series A | September 2025 |
| Ume | site.ume.com.br | Cloud Computing, Finance | Brazil | $21,000,000 | Series B | September 2025 |
| Layers Education | layers.education | Education | Brazil | $3,963,524 | Seed | September 2025 |
| Kirvano | kirvano.com | FinTech, Finance | Brazil | Series A | September 2025 | |
| Cacao | cacaofi.com | FinTech, Finance | Brazil | $500,000 | Pre-Seed | September 2025 |
| ASAAS | asaas.com | FinTech, Finance | Brazil | $6,441,876 | Venture - Series Unknown | September 2025 |
| A5X | a5x.com.br | FinTech, Finance | Brazil | $37,617,319 | Series C | September 2025 |
| RevisaPrev | revisaprev.com.br | FinTech, Finance | Brazil | $714,729 | Venture - Series Unknown | September 2025 |
| Kamino | kamino.com.br | FinTech, Finance, Artificial Intelligence | Brazil | $9,927,748 | Series A | September 2025 |
| CUB | cub.com.br | FinTech, Finance, Sales | Brazil | $5,662,178 | Series A | September 2025 |
| Chefia | ochefia.com | Food and Beverage | Brazil | $188,087 | Venture - Series Unknown | September 2025 |
| Typcal | typcal.com.br | Food and Beverage, Environment | Brazil | $410,691 | Seed | September 2025 |
| Arvo | arvo.com.br | Healthcare, Artificial Intelligence | Brazil | $20,006,361 | Series A | September 2025 |
| 180 Seguros | 180s.com.br | Insurance | Brazil | $6,300,000 | Series A | September 2025 |
| Enter | getenter.ai | Legal, Artificial Intelligence, B2B Software | Brazil | $35,000,000 | Series A | September 2025 |
| QI Tech | qitech.com.br | FinTech, Finance | Brazil | $63,000,000 | Series B | August 2025 |
| Nattal | nattal.com.br | Home Services | Brazil | $100,000 | Pre-Seed | August 2025 |
| Leggal | leggal.com.br | Legal, Human Resources | Brazil | $315,000 | Pre-Seed | August 2025 |
| Musique | musique.app | Artificial Intelligence, Audio | Brazil | Venture - Series Unknown | August 2025 | |
| OmniK | omnik.com.br | Cloud Computing, Retail | Brazil | $925,617 | Seed | August 2025 |
| Darwin AI | getdarwin.ai | Artificial Intelligence | Brazil | $4,500,000 | Seed | August 2025 |
| VAAS | vaas.live | Cloud Computing, Analytics | Brazil | $3,689,288 | Seed | August 2025 |
| StationZero | stationzero.ai | Marketing, Advertising, Artificial Intelligence | Brazil | $300,000 | Pre-Seed | August 2025 |
| Woba | woba.com.br | Cloud Computing | Brazil | $13,500,000 | Series B | July 2025 |
| NG.CASH | ng.cash | FinTech, Finance, Blockchain | Brazil | $26,500,000 | Series B | July 2025 |
| Iniciador | iniciador.com.br | Information Technology, Finance | Brazil | $5,999,993 | Seed | July 2025 |
| Principia | principia.net | Materials | Brazil | $13,977,217 | Series A | June 2025 |
| Nekt | nekt.com | Audio, Data | Brazil | $898,408 | Seed | June 2025 |
| Frente | frentecorretora.com.br | Finance, Real Estate | Brazil | $5,500,000 | Series A | June 2025 |
| Clara | clara.com | Cloud Computing | Brazil | $40,000,000 | Venture - Series Unknown | May 2025 |
| Nuvia | nuvia.co | Electronics, Hardware | Brazil | $1,700,000 | Seed | May 2025 |
| Coalize | coalize.com.br | Energy | Brazil | $570,000 | Seed | May 2025 |
| Fintalk AI | fintalk.ai | FinTech, Finance, Analytics | Brazil | $1,061,388 | Venture - Series Unknown | May 2025 |
| Speedbird Aero | speedbird.aero | Drones, Logistics, Healthcare | Brazil | $4,000,000 | Venture - Series Unknown | May 2025 |
| Next Fit | nextfit.com.br | Mobile, Cloud Computing | Brazil | $8,856,141 | Series A | May 2025 |
| Tarken | tarken.com.br | Agriculture | Brazil | Seed | April 2025 | |
| Greentech | greentech.log.br | Environment | Brazil | $36,783,381 | Private Equity | April 2025 |
| Altis | altis.online | Fitness, Virtual Reality, Education | Brazil | $2,547,468 | Seed | April 2025 |
| Onfly | onfly.com.br | Travel | Brazil | $40,000,000 | Series B | April 2025 |
| Brick | brick.so | Artificial Intelligence, FinTech, Finance | Brazil | $872,326 | Seed | March 2025 |
| nuviz | nuviz.com.br | Automotive | Brazil | $75,000 | Pre-Seed | March 2025 |
| Malga | malga.io | Finance | Brazil | $5,511,350 | Series A | March 2025 |
| Capim | capim.com.br | Finance | Brazil | $26,700,000 | Series A | March 2025 |
| Buser | buser.com.br | Transportation, Travel | Brazil | $5,162,292 | Venture - Series Unknown | March 2025 |
| NordMoney | nordmoney.com.br | Finance, Education, Investing | Brazil | Pre-Seed | March 2025 | |
| Jusfy | jusfy.com.br | Legal, Artificial Intelligence | Brazil | Seed | March 2025 | |
| Grão Direto | graodireto.com.br | Agriculture | Brazil | $15,468,702 | Series B | March 2025 |
| Enter | getenter.ai | Artificial Intelligence, Cloud Computing | Brazil | $5,500,000 | Seed | March 2025 |
| Basemaker | basemaker.co | Marketing, Artificial Intelligence, Data | Brazil | Seed | March 2025 | |
| Voa Health | voa.health | Healthcare | Brazil | $3,000,000 | Seed | March 2025 |
| NeoSpace AI | neospace.ai | Artificial Intelligence, Human Resources | Brazil | $18,000,000 | Venture - Series Unknown | February 2025 |
| Kanastra | kanastra.com.br | Cloud Computing | Brazil | Venture - Series Unknown | February 2025 | |
| Univale Transportes | univale.com | Finance, Investing | Brazil | $4,780,196 | Private Equity | February 2025 |
| Involves | involves.com | Cloud Computing | Brazil | $12,051,900 | Venture - Series Unknown | February 2025 |
| Kanastra | kanastra.com.br | FinTech, Finance | Brazil | Series A | February 2025 | |
| Neofin | neofin.com.br | FinTech, Finance | Brazil | $7,000,000 | Seed | February 2025 |
| Cycles Nutrition | cyclesnutrition.com.br | Healthcare, Wellness, Nutrition and Supplements | Brazil | $2,500,000 | Seed | February 2025 |
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Brazilian Startups at a Glance
- Number of Brazilian startups in our database: 709
- Number of verified email addresses in our database: 862
- Number of social profiles in our database: 1,608
- Other data points stored: 10,292
- Total funding raised in 2025: $996,225,433
- Total funding raised in 2026: $0
*Other funding includes private equity, debt financing, and various other types of capital.
| Industry | % of Total Funding | Notable Rounds |
|---|---|---|
| FinTech | 35% | $1.3B+ total |
| E-commerce | 22% | $850M total |
| HealthTech | 15% | $580M total |
| AgTech | 12% | $460M total |
| Other | 16% | Various stages |
Top Industries for Brazil Startups
FinTech Dominance
Brazil startups have positioned the country as a global FinTech leader, with São Paulo now ranking among the world’s top 15 FinTech hubs. FinTech startups in Brazil raised over $1.3 billion in 2024, representing 35% of all startup funding in the country. The sector’s explosive growth is driven by Brazil’s Central Bank progressive regulatory framework, including open banking implementation and the wildly successful Pix instant payment system (processing over 3 billion transactions monthly).
Major success stories among Brazil startups include Nubank (Latin America’s most valuable startup, valued at $45 billion), Stone (payments processor, publicly traded), and PagSeguro (digital payments, market cap $2.8 billion). The ecosystem continues producing innovative companies across digital banking, lending, payments, wealth management, insurance (insurtech), and blockchain. The Brazilian FinTech sector now serves over 90 million customers and processes more than $500 billion in annual transactions.
Notable emerging Brazil startups in FinTech include:
- Creditas: Digital lending platform valued at $4.8 billion, specializing in home equity and vehicle-backed loans
- Neon: Digital bank with 20+ million customers, focusing on underbanked populations
- Kamino: AI-powered lending platform that raised $9.9 million in Series A funding
- QI Tech: Banking infrastructure provider that raised $63 million in Series B
E-commerce & Retail Technology
E-commerce startups in Brazil captured $850 million in funding during 2024, capitalizing on the country’s massive consumer market and rapid digital adoption. Brazil is Latin America’s largest e-commerce market with over $42 billion in annual online sales, creating significant opportunities for innovative retail technology companies.
The sector spans multiple verticals including marketplace platforms, direct-to-consumer brands, B2B e-commerce, social commerce, and retail technology infrastructure. Brazil startups benefit from improving logistics networks, increasing credit card penetration, and growing consumer confidence in online transactions.
Success stories include:
- Mercado Livre: Latin America’s e-commerce giant (publicly traded, market cap $85 billion), serving as inspiration for the next generation of Brazil startups
- Magazine Luiza: Traditional retailer that successfully transformed into digital-first company
- Loft: Real estate marketplace that revolutionized property transactions
Emerging Brazil startups in this sector include Agent.Shop (AI-powered e-commerce), Futuriza (AI for fashion e-commerce), and StationZero (e-commerce marketing AI).
HealthTech & Digital Health
HealthTech startups in Brazil raised $580 million in 2024, addressing critical healthcare access challenges in a country where 75% of the population relies on the public health system (SUS). The sector includes telemedicine platforms, digital therapeutics, health data analytics, medical devices, and healthcare management software.
Brazil’s large underserved population, combined with increasing smartphone penetration and supportive telemedicine regulations (permanently legalized in 2022), creates ideal conditions for healthcare innovation. Brazil startups are leveraging technology to bridge gaps in primary care access, chronic disease management, mental health services, and preventive care.
Notable Brazil startups in HealthTech:
- ISA Saúde: Preventive healthcare platform that raised $29.7 million in Series B
- Rivio: Healthcare AI analytics company that secured $18.1 million in seed funding
- Arvo: AI-powered healthcare platform with $20 million Series A
- Voa Health: Healthcare marketplace that raised $3 million in seed funding
The sector is experiencing rapid growth as Brazil startups demonstrate successful models for improving healthcare outcomes while reducing costs, attracting both local and international investors.
AgTech & Agricultural Innovation
With Brazil being a global agricultural powerhouse (world’s largest exporter of soybeans, coffee, and orange juice), AgTech startups attracted $460 million in 2024. The sector leverages Brazil’s massive agricultural production (representing 27% of GDP) combined with advanced technology to increase yields, reduce environmental impact, and improve farm management.
Brazil startups are developing solutions across precision agriculture, farm management software, agricultural marketplaces, supply chain optimization, and sustainable farming practices. The sector benefits from strong government support through Embrapa (Brazilian Agricultural Research Corporation) and private sector innovation driven by large agribusiness companies seeking efficiency gains.
Leading Brazil startups in AgTech include:
- Grão Direto: Agricultural marketplace connecting farmers directly with buyers, raised $15.5 million in Series B
- Nagro: FinTech for agriculture with $9.3 million Series B funding
- Olho do Dono: 3D agriculture monitoring technology
- Guarda: Climate insurance for agriculture that secured $823K in pre-seed funding
Explore More Funded Startups by Industry
Looking for startups in other sectors? Check out our comprehensive lists:
- B2B SaaS Startups – Software companies serving business customers
- AI Startups – Artificial intelligence innovators
- EdTech Startups – Education technology companies
- CleanTech Startups – Environmental and sustainability technology
- Recently Funded Startups – Latest funding announcements across all industries
Brazil Startup Hubs: City-by-City Breakdown
São Paulo: Latin America’s Startup Capital
São Paulo dominates the Brazilian and Latin American startup landscape, accounting for approximately 60% of all venture capital investment in Brazil. The city’s metropolitan area of 22 million people provides massive market validation opportunities, while its status as South America’s financial center ensures deep capital availability for Brazil startups.
Key São Paulo startup districts include:
- Faria Lima Avenue: Heart of São Paulo’s financial district, home to major VC firms and late-stage startups
- Vila Olímpia/Itaim Bibi: Dense concentration of scale-ups and tech companies
- Pinheiros: Creative tech hub with strong university connections (USP nearby)
- Berrini: Emerging tech corridor with lower costs attracting early-stage companies
Major companies headquartered in São Paulo include Nubank (digital banking, $45B valuation), 99 (mobility, acquired by Didi), iFood (food delivery, valued at $2.6B), and Creditas (lending, $4.8B valuation). The city hosts over 250 active investors, 100+ accelerators and incubators, and produces 40,000+ STEM graduates annually.
Rio de Janeiro: Creative Tech & Energy Innovation
Rio de Janeiro has emerged as Brazil’s second-largest startup ecosystem, known for strengths in creative industries, oil & gas technology, tourism tech, and media. The city raised approximately $520 million across 80+ deals in 2024, representing 14% of national startup funding.
Rio’s advantages include:
- Strong creative and design talent pool from institutions like PUC-Rio and UFRJ
- Energy sector innovation driven by Petrobras and oil industry presence
- Tourism and hospitality tech benefiting from Rio’s status as major destination
- Lower costs compared to São Paulo while maintaining access to capital and talent
- Government support through Rio Criativo and StartupRio programs
Notable Rio de Janeiro Brazil startups include Conta Azul (SMB management software), Stone (payments processor), and Wildlife Studios (mobile gaming). The city is establishing itself as a center for blockchain startups and Web3 innovation.
Belo Horizonte: Rising Tech Hub
Belo Horizonte’s startup ecosystem has experienced impressive growth, with funding increasing 85% between 2023 and 2024 to reach $180 million. The city is establishing itself as a center for B2B software, enterprise technology, and mining innovation, leveraging Minas Gerais state’s traditional industry strengths.
Advantages for Brazil startups in Belo Horizonte:
- Significantly lower operational costs (30-40% less than São Paulo)
- Strong engineering talent from UFMG (Federal University of Minas Gerais)
- Supportive startup community with programs like Startup BH and SEED
- Strategic location between São Paulo and Rio de Janeiro markets
- Growing presence of corporate innovation labs from mining and manufacturing companies
Notable Belo Horizonte companies include Samba Tech (video platform), Hotmart (digital products marketplace), and CargoX (freight marketplace). The city is emerging as a secondary hub for Brazil startups seeking capital-efficient growth.
Curitiba & Other Emerging Ecosystems
Curitiba has developed a strong startup scene focused on smart city technology, logistics, and automotive tech. The city raised $95 million in 2024 and benefits from high quality of life attracting talent, strong municipal government support through Vale do Pinhão innovation district, proximity to manufacturing clusters in Paraná state, and excellent infrastructure including South America’s best bus rapid transit system.
Other emerging Brazil startup hubs include:
- Florianópolis: Island city known as “Brazilian Silicon Valley,” strong in software and gaming
- Recife: Northeastern hub with Porto Digital technology park, 300+ tech companies
- Campinas: University-driven innovation near São Paulo, home to UNICAMP research
- Brasília: Government-tech (GovTech) hub with access to public sector contracts
Brazilian Startup Funding Trends
Series A Growth and Maturation
Brazilian startups raised substantial Series A funding in 2024, with rounds ranging from $8 million to $50 million. The median Series A size increased to $15 million, up from $11 million in 2023, reflecting investor confidence in proven business models and Brazil’s market potential.
Notable Series A rounds among Brazil startups include:
- Enter: Legal AI platform raised $35 million for expansion
- Arvo: Healthcare AI secured $20 million for product development
- BotCity: Automation software raised $12 million for US market entry
- Morada.ai: Real estate AI platform secured $3.1 million
This trend indicates Brazil startups are successfully navigating the “valley of death” between seed and growth stages. International investors are increasingly participating in Brazilian Series A rounds, recognizing the country’s ability to produce globally competitive companies with strong unit economics.
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Late-Stage Funding Resilience
Late-stage funding (Series B, Series C, and beyond) in Brazil totaled $1.2 billion in 2024. While the global venture market contracted, Brazil demonstrated resilience with several mega-rounds demonstrating continued investor confidence in market-leading companies.
Major late-stage rounds included:
- Creditas: $108 million Series G for lending platform expansion
- A5X: $37.6 million Series C for FinTech infrastructure
- QI Tech: $63 million Series B for banking technology platform
- Crown: Combined $21.6 million across seed and Series A for blockchain FinTech
These rounds indicate Brazil startups are achieving the scale and operational excellence needed to attract late-stage capital, despite challenging global market conditions. The presence of growth equity firms like SoftBank Latin America Fund, Tiger Global, and Valor Capital demonstrates institutional confidence in Brazilian tech.
Government Support & Regulatory Environment
The Brazilian government provides substantial support for startups through multiple programs and initiatives:
Federal Programs:
- BNDES (National Development Bank): Offers subsidized credit lines and equity investments for innovation-focused companies, with specific programs for startups
- FINEP: Innovation financing agency providing grants and convertible loans for R&D projects
- FAPESP: São Paulo state research foundation supporting tech commercialization
- Legal Framework for Startups (LC 182/2021): Established clear legal definition and benefits for startups, including easier capital structure and stock option plans
Regulatory Innovations:
- Open Banking: Fully implemented in 2021, creating opportunities for FinTech startups to access banking data
- Pix Payment System: Central Bank’s instant payment infrastructure revolutionized digital payments
- Regulatory Sandboxes: CVM (securities commission) and Central Bank offer testing environments for innovative financial products
- Remote Work Legislation: Updated labor laws accommodate digital and remote work models
Tax Incentives:
- Lei do Bem: Tax breaks for companies investing in R&D
- Simples Nacional: Simplified tax regime for small businesses and startups
- ANATEL Exemptions: Telecom regulation exemptions for innovative connectivity solutions
2025 Brazilian Startup Innovation Trends
The Brazilian startup landscape in 2025 is being shaped by several transformative technologies and market dynamics:
AI Adoption Acceleration: Over 250 Brazil startups are now building AI-native solutions, with particular strength in applications for retail, financial services, agriculture, and healthcare. Brazilian companies are leveraging local language models (Portuguese) and datasets unique to Latin American markets to create defensible competitive advantages.
Fintech Infrastructure Layer: Beyond consumer-facing FinTech, Brazil startups are increasingly building infrastructure and B2B solutions serving the financial services industry. Banking-as-a-Service (BaaS), payment orchestration, fraud detection, and compliance technology are attracting significant investment as legacy institutions modernize.
Climate Tech & Sustainability: Brazilian climate tech startups raised $340 million in 2024, addressing both domestic environmental challenges (Amazon preservation, renewable energy) and global climate opportunities (carbon credits, biofuels, sustainable agriculture). The sector benefits from Brazil’s renewable energy leadership (89% of electricity from renewables) and vast natural resources.
Regional Expansion: Successful Brazil startups are increasingly expanding to other Latin American markets, leveraging cultural and linguistic similarities. Companies are establishing operations in Mexico, Colombia, Argentina, and Chile to build regional champions before considering US or European expansion.
Cross-Border Investment: International investors accounted for 58% of total venture capital invested in Brazil during 2024, up from 44% in 2023. US funds (including Tiger Global, Insight Partners, Sequoia), European investors, and Asian capital (particularly SoftBank) are actively deploying in Brazilian opportunities.
2025 Market Insights
- 45% increase in total venture capital investment year-over-year
- Average seed round size: $2.1 million (up from $1.6 million in 2023)
- 38% of funded startups now have international co-founders
- Female-founded Brazil startups raised 14% of total capital (up from 10% in 2023)
- B2B software companies captured 42% of Series A and later funding
- Median time to Series A decreased to 24 months from company founding
How Brazil Compares to Global Startup Ecosystems
Brazil vs. Mexico
While Mexico startups raised $2.1 billion in 2024 (compared to Brazil’s $3.8 billion), Mexico benefits from proximity to the United States and USMCA trade agreement. Brazil’s advantages include larger domestic market (215M vs 128M population), more mature ecosystem with experienced founders and operators, deeper local capital availability, and stronger government innovation support programs.
Both countries are establishing themselves as Latin American leaders, but with different strengths. Mexico excels in nearshoring-driven opportunities and US market access, while Brazil demonstrates leadership in consumer FinTech, agricultural technology, and digital commerce serving underbanked populations. Many successful regional companies maintain operations in both markets.
Brazil vs. India
The India startup ecosystem raised $11.4 billion in 2024, approximately 3x Brazil’s total. However, Brazil demonstrates competitive performance in FinTech innovation and shows particular advantages in AgTech given its agricultural expertise. Both countries benefit from large domestic markets enabling local validation before international expansion.
Brazil’s advantages over India include clearer intellectual property protection, simpler company formation processes (despite complex tax environment), stronger financial services infrastructure, and easier access to US and European markets for B2B sales. India’s advantages include larger talent pool, lower operational costs, stronger software services export tradition, and larger venture capital ecosystem.
Brazil vs. Major Startup Hubs: By The Numbers
| Country | 2024 Funding | Ecosystem Rank | Unicorns | Top Industry |
|---|---|---|---|---|
| Brazil | $3.8B | #18 Global | 22 | FinTech |
| Mexico | $2.1B | #24 Global | 11 | FinTech |
| India | $11.4B | #10 Global | 108 | SaaS/FinTech |
| Germany | $8.9B | #8 Global | 51 | DeepTech |
| Canada | $6.8B | #14 Global | 38 | AI/ML |
Source: CB Insights State of Venture Report 2024, LAVCA Data
The Brazilian Startup Support System
Key Accelerators & Incubators
Brazil’s accelerator ecosystem provides critical early-stage support through hundreds of programs nationwide:
Major National Accelerators:
- Startup Farm: One of Brazil’s oldest and most respected accelerators, over 500 companies graduated including Conta Azul and Descomplica
- ACE Startups: Corporate-backed accelerator connecting startups with large enterprises, 300+ companies supported
- Distrito: Innovation platform connecting startups, corporations, and investors with data-driven matchmaking
- Google for Startups: Brazilian program providing mentorship, cloud credits, and go-to-market support
- InovAtiva Brasil: Government-backed program (MDIC/SEBRAE) that has accelerated 5,000+ startups nationwide
Corporate Accelerators:
- Visa Accelerator: FinTech-focused program in São Paulo
- Natura Startups: Consumer products and beauty tech accelerator
- Bradesco: Banking innovation lab supporting FinTech partnerships
- Ambev Accelerator: Food & beverage and logistics technology focus
University-Based Programs:
- UNICAMP Inova: Technology commercialization from University of Campinas research
- USP Inovação: University of São Paulo’s innovation agency supporting 100+ startups
- CIETEC/USP: Incubator specializing in deeptech and hard science startups
Venture Capital Landscape
Brazil’s VC ecosystem has matured significantly, with over 280 active venture capital firms managing approximately $8 billion in assets under management. The market includes both local funds with deep market knowledge and international players bringing global best practices.
Leading Brazilian VC Firms:
Early Stage:
- Canary – Latin America-focused fund backing mission-driven founders
- Monashees – Brazilian fund with $500M+ AUM, backed Gympass, QuintoAndar
- Valor Capital – Bridge fund connecting Brazil and US markets
- DOMO Invest – Early-stage fund focused on tech-enabled businesses
Growth Stage:
- Softbank Latin America Fund – $5B fund making mega-investments in regional leaders
- Kaszek – $1.6B under management, backed Nubank, Creditas, and others
- Redpoint eventures – US-Brazil bridge fund with $200M+ AUM
- Endeavor Catalyst – Co-investment vehicle supporting scale-ups
Sector Specialists:
- Astella Investimentos – HealthTech and life sciences focus
- SP Ventures – AgTech and food technology specialist
- Oria Capital – FinTech and financial services innovation
International Players Active in Brazil:
- Tiger Global: Major investor in Latin American tech, backed Nubank, QuintoAndar, Loft
- Sequoia Capital: Increasing Latin America presence through scout program
- Insight Partners: Growth equity investor in Brazilian SaaS companies
- Goldman Sachs: Late-stage investor through growth equity funds
Talent & Education Pipeline
Brazil’s education system produces over 120,000 STEM graduates annually, creating a substantial talent pool for Brazil startups. While challenges exist with education quality variation, top universities produce world-class technical talent:
Leading Technical Universities:
- USP (University of São Paulo): Largest university in Latin America, strong engineering and computer science programs
- UNICAMP (State University of Campinas): Top-ranked research university, particularly strong in AI and data science
- ITA (Technological Institute of Aeronautics): Elite engineering school in São José dos Campos, produces highly sought-after technical talent
- IME-USP: Institute of Mathematics and Statistics, leading computer science program
- UFRJ (Federal University of Rio de Janeiro): Major research university with strong tech programs
Coding Bootcamps & Alternative Education:
- 42 São Paulo: Free coding school using peer-learning methodology
- Tera: Tech and digital business school offering intensive programs
- Digital House: Coding bootcamp with corporate partnerships
- Ironhack: International bootcamp with São Paulo campus
- Le Wagon: Global coding bootcamp operating in Brazil
The talent market for Brazil startups has become increasingly competitive, with large tech companies (Google, Amazon, Microsoft, Meta) maintaining significant Brazilian engineering teams. Average software engineer salaries in São Paulo range from R$120,000-200,000 ($24,000-40,000 USD), though top talent at late-stage startups can command significantly higher compensation.
How to Use This Brazilian Startup Database
This database is updated weekly and designed for multiple use cases serving professionals targeting the Brazilian startup ecosystem:
For Sales & Business Development Teams: Contact Brazil startups within 30 days of funding announcements when budgets are freshest and companies are actively seeking vendors. Our verified email addresses reach decision-makers directly, and we track funding amounts so you can prioritize high-value prospects by deal size. Most Brazil startups prefer outreach in Portuguese for initial contact, though English is widely used at management levels. Learn effective strategies for selling to recently funded startups.
For Investors & VCs: Track emerging trends across sectors and regions, identify co-investment opportunities with other funds, monitor competitive landscape for portfolio companies, and discover high-potential companies at various funding stages. Brazilian startups increasingly seek international investors for market validation and network access beyond capital.
For Job Seekers: Recently funded companies are actively hiring across all functions. Use funding announcements to time your applications when Brazil startups are expanding teams with fresh capital. Our database includes LinkedIn profiles and social links for direct outreach to founders and hiring managers. Remote work opportunities are increasingly common, with many Brazil startups hiring internationally.
For Service Providers: Target Brazil startups needing legal (particularly company formation and stock option plans), accounting (complex Brazilian tax compliance), HR (recruitment and people ops), marketing (go-to-market strategy), or technology services (cloud infrastructure, development) post-funding. Companies that just raised capital are actively seeking professional service providers to support growth.
For Market Researchers & Analysts: Source breaking stories about Brazilian innovation, track startup ecosystem trends, analyze funding patterns across industries, regions, and stages, and understand the dynamics of Latin America’s largest tech market. Our comprehensive data provides insights into the Brazilian startup economy.
For Corporate Innovation Teams: Identify potential partnership, acquisition, or investment targets among Brazil startups solving problems adjacent to your business. Track emerging technologies and business models that could disrupt your industry. Many Brazil startups actively seek corporate partnerships for distribution, piloting, and validation.
Ready to Connect with Brazil Startups?
Growth List subscribers receive weekly updates of newly funded Brazil startups with double-verified email addresses, funding amounts, investor details, and LinkedIn profiles. Sign up and get 100 free leads to test the quality of our data.
Need something more specific? Our custom list service can build targeted lists of Brazil startups filtered by:
- Specific cities (São Paulo, Rio de Janeiro, Belo Horizonte, Curitiba, Florianópolis)
- Industries (FinTech, E-commerce, HealthTech, AgTech, SaaS, AI)
- Funding stages (Seed, Series A, Series B, Series C, Pre-Seed)
- Funding amount ranges
- Company size or employee count
- Specific technologies or keywords
- Investor involvement (portfolio companies of specific VCs)
Frequently Asked Questions About Brazilian Startups
What makes Brazil’s startup ecosystem unique?
Brazil’s startup ecosystem benefits from several unique advantages: Latin America’s largest consumer market with 215 million people providing substantial domestic validation opportunities, progressive financial regulatory framework including open banking and Pix instant payments driving FinTech innovation, massive agricultural sector creating natural AgTech opportunities, growing middle class with increasing digital adoption and purchasing power, and strategic position as Latin America’s business hub connecting to Portuguese-speaking markets in Africa and Portugal. The ecosystem has produced 22 unicorns including Nubank (digital banking, $45B), iFood (food delivery, $2.6B), and Creditas (lending, $4.8B), demonstrating Brazil’s ability to build globally significant companies despite economic challenges.
How much funding do Brazilian startups typically raise?
Brazilian startup funding varies by stage and sector. Seed rounds typically range from $800K-3 million, with the median at $2.1 million in 2024. Series A rounds average $15 million, up from $11 million in 2023, while Series B and later rounds range from $20-100 million depending on sector and business model. FinTech companies typically raise larger rounds due to capital-intensive growth models and regulatory requirements, while B2B software companies tend to be more capital efficient. Total Brazilian startup funding reached $3.8 billion in 2024, a 45% increase from 2023, with international investors accounting for 58% of capital deployed.
Which cities have the strongest startup ecosystems in Brazil?
São Paulo dominates with 60% of national venture capital investment, offering the largest talent pool, most concentrated VC presence, proximity to major corporations for partnership and acquisition opportunities, and best developed startup support infrastructure. Rio de Janeiro accounts for 14% of funding with strength in creative tech, energy innovation, and tourism technology. Belo Horizonte captured 5% of funding and is emerging as a cost-effective alternative with strong engineering talent from UFMG. Other growing ecosystems include Curitiba (smart city tech, logistics), Florianópolis (software, gaming), Recife (Porto Digital tech cluster), and Campinas (university-driven innovation near UNICAMP).
What government programs support Brazilian startups?
The Brazilian government provides extensive startup support through multiple channels: BNDES (National Development Bank) offers subsidized credit lines and equity investments through BNDES Garagem and BNDES Fundo Criatec programs; FINEP provides innovation grants, convertible loans, and venture debt for R&D projects; FAPESP (São Paulo state research foundation) supports tech commercialization through PIPE program (R$1 million+ grants); Legal Framework for Startups (LC 182/2021) established clear legal definition and benefits including easier capital structure and stock option plans; Central Bank regulatory sandboxes for FinTech innovation testing; and tax incentives through Lei do Bem (R&D tax breaks) and Simples Nacional (simplified taxation for smaller companies).
How can I connect with recently funded Brazilian startups?
The most effective approach is reaching out immediately after funding announcements when Brazil startups are actively seeking vendors, tools, and services to support growth. Growth List maintains a database of 780 Brazilian startups with 945 double-verified email addresses and detailed contact information for CEOs and decision-makers. We send weekly updates of recently funded Brazil startups directly to subscribers with funding amounts, company details, verified contact information, and LinkedIn profiles. For Portuguese-speaking markets, initial outreach in Portuguese is recommended though many founders and executives are English-fluent. Sign up to receive 100 leads free and gain immediate access to the most comprehensive Brazilian startup database available.
What are the most active venture capital firms in Brazil?
Leading Brazilian VC firms by investment activity include Kaszek (backed Nubank, QuintoAndar, Creditas with $1.6B+ under management), Monashees (portfolio includes Gympass, 99, QuintoAndar), and Valor Capital (US-Brazil bridge fund). International funds increasingly active in Brazil include SoftBank Latin America Fund ($5B+ deployed regionally), Tiger Global (backed Nubank, Loft, Wildlife), Insight Partners (growth equity in Brazilian SaaS), and Sequoia Capital (increasing Latin America presence). Sector specialists include SP Ventures (AgTech leader), Astella Investimentos (HealthTech focus), and Oria Capital (FinTech specialist). Corporate venture arms from Bradesco, Itaú, and Magazine Luiza also actively invest in strategic startups.
What are the biggest challenges for Brazilian startups?
Brazil startups face several unique challenges including complex tax system with federal, state, and municipal layers creating compliance burden (though Simples Nacional helps smaller companies); bureaucratic business environment with lengthy company formation and regulatory approval processes; currency volatility with Brazilian Real fluctuating significantly against USD affecting international contracts and fundraising; high operational costs particularly in São Paulo with office space, talent, and services expensive relative to revenue potential; limited late-stage capital availability requiring international fundraising for growth rounds; and economic instability with frequent policy changes affecting business planning. Despite these challenges, the Brazilian market’s size, FinTech innovation leadership, and maturing ecosystem continue attracting entrepreneurs and investors.
How do Brazilian startups expand internationally?
Successful Brazil startups typically follow a staged international expansion approach: first establishing market leadership in Brazil to demonstrate model viability (12-24 months), then expanding to Spanish-speaking Latin American markets like Mexico, Colombia, Argentina, and Chile leveraging cultural and operational similarities (18-36 months from founding), and finally entering US or European markets once regional leadership is established (36+ months). Companies often establish dual headquarters with Brazil operations for product development and cost efficiency while maintaining US/European offices for business development and fundraising. Notable examples include Nubank (operating across Latin America), Creditas (expanding regionally), and 99 (acquired by Didi after establishing Brazilian market leadership).
Related Startup Ecosystems
Exploring startup ecosystems beyond Brazil? Check out our other comprehensive country and city guides:
Latin American Regions
- Recently funded startups in Mexico
- Recently funded startups in Argentina
- Recently funded startups in Colombia
- Recently funded startups in Chile
International Hubs
- Recently funded startups in India
- Recently funded startups in Germany
- Recently funded startups in the UK
- Recently funded startups in France
United States Markets
- Recently funded startups in NYC
- Recently funded startups in San Francisco
- Recently funded startups in Austin
- Recently funded startups (all USA)
