This document provides an overview of the top business models and funding in Brazil tech over the last year. It details the 50 most funded business models, including digital native banks ($750M), iBuying platforms ($525M), and group buying platforms ($489M). For each model, it lists the top funded company, total funding amount, number of funding rounds, and notable investors. The document aims to analyze trends in the Brazilian tech industry and provide data on sectors receiving heavy investment.

1. TRACXN TOP BUSINESS MODELS REPORT
March 08, 2022
BRAZIL TECH

2. Brazil Tech - Top Business Models Report Copyright © 2022, 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Funding in last 1 year
3
Banking Tech $1.5B
Residential Real Estate Tech $971M
E-Commerce Enablers $931M
Social Commerce $489M
Blockchain Infrastructure $250M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Bossa Nova
DOMO Invest
13
13
9
Early
Stage
Kaszek Ventures
Valor
Global Founders Capital
12
9
8
Late
Stage
SoftBank
Monashees
Valor
5
5
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
EBANX
(2012, Curitiba)
$400M - Series C
QuintoAndar
(2012, Sao Paulo)
$300M - Series E
Neon
(2016, Sao Paulo)
$300M - Series D
Creditas
(2012, Itaim Bibi)
$260M - Series F
Facily
(2018, Sao Paulo Do Potengi)
$250M - Series D
2TM
(2013, Sao Paulo)
$200M - Series B
Movile
(1998, Sao Paulo)
$200M - Series J
Mercado Bitcoin
(2013, Sao Paulo)
$200M - Series B
Cargo X
(2013, Sao Paulo)
$200M - Series F
Sao Paulo (74%)
Curitiba (8%)
Sao Paulo Do Potengi (6%)
Itaim Bibi (3%)
Belo Horizonte (3%)
Others (6%)

4. Copyright © 2022, 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<> 0 Digital Native Banks $750M 1 Nubank | $750M | Series G Link
2-- iBuying Platforms $525M 2 Loft | $425M | Series D Link
3▲24 Group Buying Platforms $489M 4 Facily | $250M | Series D Link
4▲42 Internet First Residential Real Estate Brokers $446M 4 QuintoAndar | $300M | Series E Link
5-- Business Payments Solutions $400M 1 EBANX | $400M | Series C Link
6-- Merchant Acquirer Companies $340M 2 CloudWalk | $190M | Series B Link
7▼4
Internet First Retail Banks with Partner Bank's
License
$307M 3 Neon | $300M | Series D Link
8-- Blockchain in Financial Services $250M 2 2TM | $200M | Series B Link
9▲8 Marketplaces Software Suite $209M 2 Olist | $186M | Series E Link
10▲11 Cryptocurrency Trading Platforms $200M 1 Mercado Bitcoin | $200M | 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 © 2022, 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▼1 KYC for Financial Institutions $161M 2 Unico | $121M | Series C Link
12▲6 Online Pet Products Retailers $150M 1 Pet Love | $150M | Series C Link
13--
Internet First Banks for Businesses with Partner
Bank's License
$147M 3 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▲10 Open Banking API Providers $134M 4 Pismo | $108M | Series B Link
17-- Financial Planning & Analysis Software $125M 1 isaac | $125M | Series B Link
18▼9 Physiological Biometrics $121M 1 Unico | $121M | Series C Link
19▼15 Facial Biometric Systems $121M 1 Unico | $121M | Series C Link
20▼9 Facial Recognition $121M 1 Unico | $121M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, 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-- Online Agriculture Payments $120M 1 Ectare | $120M | Series D Link
22-- Loan Life Cycle Management $115M 2 Open Co | $115M | Series D Link
23-- ERP for SMBs $112M 1 Omie | $112M | Series C Link
24-- CRM for SMB $112M 1 Omie | $112M | Series C Link
25-- Station Based Intercity Car Rentals $104M 1 Kovi | $104M | Series B Link
26-- HRMS for SMBs $100M 1 Solides | $100M | Series B Link
27▲7 Applicant Tracking System $93.2M 1 Gupy | $93.2M | Series C Link
28▼9 Station Based Electric Bike Rentals $80.0M 1 Tembici | $80.0M | Series C Link
29▼9 Bicycle Rentals Software $80.0M 1 Tembici | $80.0M | Series C Link
30▲3 Internet First Revenue Based Financing $54.9M 4 A55 | $35.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2022, 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-- Banking as a Service Platforms $50.0M 1 QI Tech | $50.0M | Series A Link
32▲11 Account Receivables Invoicing Solutions $48.0M 1 ArquiveiOfic.. | $48.0M | Series B Link
33-- Identity Verification $40.1M 1 idwall | $40.1M | Series C Link
34-- Internet First Pay Per Mile Insurers $38.6M 2 Justos | $35.8M | Series A Link
35-- Internet First Usage Based Auto Insurers $38.6M 2 Justos | $35.8M | Series A Link
36-- Fantasy Soccer Platforms $38.0M 2 King of Pitaco | $32.0M | Series A Link
37-- Construction Project Management Software $36.0M 1 Ambar | $36.0M | Series C Link
38-- Telematics Based Truck Fleet Management $33.4M 1 Cobli | $33.4M | Series B Link
39▲38 B2B Horizontal Marketplaces $31.5M 3 Inventa | $20.0M | Series A Link
40▲4 Solar Project Development Services Marketplace $30.0M 1 Solfácil | $30.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, 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-- SMB Accounting $24.6M 3 BHub | $20.0M | Series A Link
42▲16 Online Professional Learning Courses $24.5M 2 StartSe | $13.5M | Series A Link
43-- C2B Used Cars Marketplaces $23.0M 1 InstaCarro | $23.0M | Series B Link
44-- Internet First Corporate Prepaid Expense Cards $22.0M 1 Flash Benefits | $22.0M | Series B Link
45-- Cryptocurrency Exchanges $20.0M 1 FOXBIT | $20.0M | Series A Link
46▼6 Online Community for Physical Fitness Mangement $20.0M 1 Pipo Saúde | $20.0M | Series A Link
47--
Healthcare IT > Provider > Clinical Operations >
Decision Support > Therapy Plan > Medication..
$17.7M 1 Memed | $17.7M | Series B Link
48-- Healthcare Data $17.7M 1 Memed | $17.7M | Series B Link
49-- Agriculture Lending Platforms $16.3M 2 Agrolend | $14.7M | Series A Link
50▼20 Payment Facilitators $15.0M 1 Hash | $15.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - Brazil
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$750M (▲7.1%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.3B
3
1
9
0
Banking Tech (Pismo)
(# Cos: 178 | $3.6B)
Internet First Banks (Neon)
(# Cos: 105 | $3.3B)
Digital Native Banks (Conta Simples)
(# Cos: 27 | $2.3B)
Diversified (Nubank)
(# Cos: 9 | $2.3B)
Nubank
(2013, Sao Paulo, $2.3B)
Jeitto
(2014, Sao Paulo)
Banco BS2
(2017, Belo Horizonte)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nubank (2013, Sao Paulo)
$750M - Series G - Jun 2021

10. Copyright © 2022, 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: 52 | $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 ( -- )
2( -- )
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 © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facily (2018, Sao Paulo Do Potengi)
$250M - Series D - Nov 2021
Facily (2018, Sao Paulo Do Potengi)
$135M - Series D - Dec 2021
Facily (2018, Sao Paulo Do Potengi)
$63.0M - Series C - Jun 2021
Facily (2018, Sao Paulo Do Potengi)
$41.0M - Series B - Apr 2021
Group Buying Platforms - Brazil
03
11
Back to index
Social Commerce (ELike)
(# Cos: 9 | $502M)
Group Buying (BuyOnSocial)
(# Cos: 2 | $501M)
Diversified (Facily)
(# Cos: 2 | $501M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$489M (▲3975%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$501M
2
-
2
1
Facily
(2018, Sao Paulo Do Po.., $501M)
BuyOnSocial
(2011, Sao Paulo, $296K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Residential Real Estate
Brokers - Brazil
04
12
Back to index
Residential Real Estate Tech (Loft)
(# Cos: 52 | $1.7B)
Online Brokers (QuintoAndar)
(# Cos: 5 | $784M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$446M (▲ >10K%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$784M
3
-
5
2
QuintoAndar
(2012, Sao Paulo, $755M)
EmCasa
(2017, Rio De Janeiro, $24.6M)
Homelend
(2016, Barueri, $4.5M)
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
Homelend (2016, Barueri)
$4.5M - Series A - Oct 2021

13. Copyright © 2022, 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
05
13
Back to index
Payments (RecargaPay)
(# Cos: 274 | $1.3B)
Business Payments (Getnet)
(# Cos: 113 | $478M)
Diversified (EBANX)
(# Cos: 17 | $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
4
-
17
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.

14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Merchant Acquirer Companies - Brazil
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$340M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$365M
1
-
1
1
Payments (EBANX)
(# Cos: 274 | $1.3B)
Enablers (Cielo)
(# Cos: 27 | $602M)
White Label Solutions (Zoop)
(# Cos: 9 | $422M)
Merchant Acquirers (CloudWalk)
(# Cos: 1 | $365M)
CloudWalk
(2013, Sao Paulo, $365M)
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
CloudWalk (2013, Sao Paulo)
$150M - Series C - Nov 2021

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Banks with Partner Bank's
License - 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
$307M (▲2.2%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$724M
3
-
30
2
Banking Tech (Pismo)
(# Cos: 178 | $3.6B)
Internet First Banks (Nubank)
(# Cos: 105 | $3.3B)
Through Bank Partnerships (C6bank)
(# Cos: 75 | $978M)
Retail Banking (Neon)
(# Cos: 30 | $724M)
Neon
(2016, Sao Paulo, $717M)
alt.bank
(2019, Itaim Bibi, $5.5M)
Superdigital
(2017, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neon (2016, Sao Paulo)
$300M - Series D - Feb 2022
alt.bank (2019, Itaim Bibi)
$5.5M - Series A - May 2021
CondoConta (2018, Sao Jose)
$1.2M - Seed - Mar 2021

16. Copyright © 2022, 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)
$50.3M - Series B - Nov 2021
Blockchain in Financial Services - Brazil
08
16
Back to index
Blockchain Infrastructure (Blockforce)
(# Cos: 9 | $250M)
Blockchain Network (Ethereum Classic)
(# Cos: 6 | $250M)
Finance (2TM)
(# Cos: 2 | $250M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$250M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$250M
2
-
2
1
2TM
(2013, Sao Paulo, $250M)
Ethereum Classic
(2016, Curitiba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Olist (2015, Curitiba)
$186M - Series E - Dec 2021
Olist (2015, Curitiba)
$23.0M - Series D - Apr 2021
Marketplaces Software Suite - Brazil
09
17
Back to index
E-Commerce Enablers (Hotmart)
(# Cos: 140 | $1.1B)
Ecommerce Software Suite (Nuvemshop)
(# Cos: 45 | $1.1B)
Marketplaces (Olist)
(# Cos: 11 | $319M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$209M (▲259%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$319M
6
-
11
1
Olist
(2015, Curitiba, $314M)
Brasil/CT
(2010, Barueri)
Digital Commerce Group
(2007, Porto Alegre, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
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
$200M (▲432%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$238M
2
-
16
1
Cryptocurrencies (NovaDAX)
(# Cos: 157 | $258M)
Financial Services (Alter)
(# Cos: 125 | $258M)
Investment Industry (FOXBIT)
(# Cos: 90 | $258M)
Online Trading Platforms (BitcoinTrade)
(# Cos: 29 | $238M)
Regular Trading (Mercado Bitcoin)
(# Cos: 16 | $238M)
Mercado Bitcoin
(2013, Sao Paulo, $238M)
BitcoinTrade
(2017, Rio De Janeiro)
BitPreco
(2018, Campinas)
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

19. Copyright © 2022, 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 (Legiti)
(# Cos: 14 | $306M)
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 (▲49.9%)
2(▲100%)
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 © 2022, 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
-
23
0
Pet Tech (DogHero)
(# Cos: 87 | $242M)
Pet Supplies Ecommerce (Lolipet)
(# Cos: 29 | $226M)
Horizontal (Shop For Paws)
(# Cos: 27 | $226M)
Retailer (Zee Now)
(# Cos: 25 | $226M)
Cats and Dogs (Petz)
(# Cos: 23 | $226M)
B2C (Pet Love)
(# Cos: 23 | $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 © 2022, 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
$147M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$157M
3
-
17
2
Banking Tech (Pismo)
(# Cos: 178 | $3.6B)
Internet First Banks (Nubank)
(# Cos: 105 | $3.3B)
Through Bank Partnerships (Neon)
(# Cos: 75 | $978M)
Business Banking (Cora)
(# Cos: 17 | $157M)
Cora
(2019, Sao Paulo, $153M)
Trace Finance
(2020, Rio De Janeiro, $4.3M)
Banco Topazio
(2005, Porto Alegre)
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
Trace Finance (2020, Rio De Janeiro)
$4.3M - Seed - Feb 2022

22. Copyright © 2022, 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: 186 | $460M)
Transportation (Kovi)
(# Cos: 47 | $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 © 2022, 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 (Easy Taxi)
(# Cos: 418 | $1.2B)
Mass Transit (ClickBus)
(# Cos: 56 | $158M)
Shuttle (TopBus+)
(# Cos: 7 | $138M)
Aggregator (Buser)
(# Cos: 5 | $138M)
Buser
(2017, Sao Paulo, $138M)
Moov
(2016, Rio De Janeiro)
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 © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Pismo (2016, Sao Paulo)
$108M - Series B - Oct 2021
QI Tech (2018, Sao Paulo)
$50.0M - Series A - Nov 2021
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
16
24
Back to index
Banking Tech (Nubank)
(# Cos: 178 | $3.6B)
Open Banking (SWAP)
(# Cos: 26 | $207M)
Banking APIs (Pismo)
(# Cos: 18 | $203M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$134M (▲627%)
4( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$203M
9
-
18
4
Pismo
(2016, Sao Paulo, $109M)
SWAP
(2020, Sao Paulo, $28.3M)
Quanto
(2020, Sao Paulo, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
isaac (2020, Sao Paulo)
$125M - Series B - Nov 2021
Financial Planning & Analysis Software -
Brazil
17
25
Back to index
Finance & Accounting Tech (ContaAzul)
(# Cos: 261 | $310M)
Financial Planning & Analysis (Accountfy)
(# Cos: 38 | $133M)
Suite (isaac)
(# Cos: 16 | $125M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$125M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
4
-
16
1
isaac
(2020, Sao Paulo, $125M)
Soften Sistemas
(2002, Jose Bonifacio)
Celero
(2016, Curitiba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Physiological Biometrics - 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 (▲12.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$354M
3
-
9
2
Cybersecurity (PSafe)
(# Cos: 117 | $504M)
IAM (idwall)
(# Cos: 24 | $408M)
Biometrics (Unico)
(# Cos: 10 | $354M)
Physiological (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 © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Biometric Systems - Brazil
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$121M (▼43.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
3
-
8
2
Security & Surveillance Technology (Gabriel)
(# Cos: 131 | $369M)
PIAM (Condlink)
(# Cos: 26 | $355M)
Biometrics System (Unico)
(# Cos: 11 | $355M)
Facial Biometrics (Acesso)
(# Cos: 8 | $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

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Facial Recognition - Brazil
20
28
Back to index
Image Recognition (Unico)
(# 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 (▲12.5%)
1(▼50%)
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

29. Copyright © 2022, 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
21
29
Back to index
Crop Tech (Taranis)
(# Cos: 240 | $287M)
Finance (Agrolend)
(# Cos: 6 | $136M)
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.

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Open Co (2021, Sao Paulo)
$115M - Series D - Dec 2021
Verde (2021)
$125K - Seed - Sep 2021
Loan Life Cycle Management - Brazil
22
30
Back to index
Banking Tech (Nubank)
(# Cos: 178 | $3.6B)
Loan Life Cycle Management (Expediente Azul)
(# Cos: 16 | $115M)
Suite (Open Co)
(# Cos: 5 | $115M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$115M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
2
-
5
0
Open Co
(2021, Sao Paulo, $115M)
Verde
(2021, $125K)
Vivalisto
(2016, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2022, 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
23
31
Back to index
ERP (Linx)
(# Cos: 292 | $207M)
Multi-Industry (TOTVS)
(# Cos: 151 | $138M)
SMB-Focused (Omie)
(# Cos: 84 | $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
1
$138M
8
-
84
1
Omie
(2013, Sao Paulo, $138M)
MarketUP
(2012, Sao Paulo)
Bling
(2008, Bento Goncalves)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2022, 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
24
32
Back to index
Sales Force Automation (Mercos)
(# Cos: 171 | $256M)
CRM (RD Station)
(# Cos: 79 | $242M)
SMB Suite (Omie)
(# Cos: 27 | $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
-
27
1
Omie
(2013, Sao Paulo, $138M)
Agendor
(2012, Sao Paulo)
Zase
(2013, Santa Rita Do S.., $75.0K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Station Based Intercity Car Rentals -
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
$104M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$148M
3
-
7
1
Online Travel (Hurb)
(# Cos: 186 | $460M)
Transportation (Buser)
(# Cos: 47 | $301M)
Car (Moobie)
(# Cos: 18 | $148M)
Rental (Zazcar)
(# Cos: 17 | $148M)
Own Fleet (Turbi)
(# Cos: 10 | $148M)
Station Based (Kovi)
(# Cos: 7 | $148M)
Kovi
(2018, Sao Paulo City, $145M)
Turbi
(2016, Sao Paulo, $987K)
Zazcar
(2009, Sao Paulo, $2.3M)
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

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
HRMS for SMBs - 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
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$104M
2
-
4
1
HRTech (Emprego Ligado)
(# Cos: 260 | $316M)
HRMS (Ahgora)
(# Cos: 26 | $104M)
Suite (LG place of people)
(# Cos: 14 | $104M)
SMB (Solides)
(# Cos: 4 | $104M)
Solides
(2008, Belo Horizonte, $104M)
Convenia
(2012, Sao Paulo)
Lato Software
(2005, Sorocaba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solides (2008, Belo Horizonte)
$100M - Series B - Feb 2022

35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Gupy (2015, Sao Paulo)
$93.2M - Series C - Jan 2022
Applicant Tracking System - Brazil
27
35
Back to index
HRTech (LG place of people)
(# Cos: 260 | $316M)
Applicant Tracking System (Kenoby)
(# Cos: 26 | $109M)
Suite (Gupy)
(# Cos: 12 | $109M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$93.2M (▲1270%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$109M
2
-
12
1
Gupy
(2015, Sao Paulo, $104M)
Kenoby
(2014, Sao Paulo, $5.9M)
Etalent
(1987, Rio De Janeiro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2022, 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 (beepbeep)
(# Cos: 32 | $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 © 2022, 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 (Easy Taxi)
(# Cos: 418 | $1.2B)
Self Drive Rentals (Kovi)
(# Cos: 41 | $347M)
Tech Enablers (Euroit)
(# Cos: 8 | $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 © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Revenue Based Financing -
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
$54.9M (▲684%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$61.9M
2
-
3
2
Alternative Lending (Guiabolso)
(# Cos: 184 | $1.3B)
Online Lenders (Creditas)
(# Cos: 151 | $1.2B)
Business Loans (BizCapital)
(# Cos: 42 | $205M)
Revenue Based Financing (Divibank)
(# Cos: 3 | $61.9M)
Direct Lender (A55)
(# Cos: 3 | $61.9M)
A55
(2019, Sao Paulo, $58.3M)
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
A55 (2019, Sao Paulo)
$16.3M - Series B - Jan 2022
Divibank (2020, Sao Paulo)
$3.6M - Seed - May 2021
Divibank (2020, Sao Paulo)
Undisclosed - Seed - Jun 2021

39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Banking as a Service Platforms - 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
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.0M
1
-
1
1
Banking Tech (Nubank)
(# Cos: 178 | $3.6B)
Open Banking (SWAP)
(# Cos: 26 | $207M)
Banking APIs (Pismo)
(# Cos: 18 | $203M)
With Banking License (QI Tech)
(# Cos: 1 | $50.0M)
QI Tech
(2018, Sao Paulo, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QI Tech (2018, Sao Paulo)
$50.0M - Series A - Nov 2021

40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Account Receivables Invoicing Solutions
- 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
$48.0M (▲1094%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$57.2M
4
-
29
1
Finance & Accounting Tech (Contabilizei)
(# Cos: 261 | $310M)
Accounting Solutions (ContaAzul)
(# Cos: 181 | $145M)
Quote to Cash (Vindi)
(# Cos: 40 | $70.0M)
Account Receivables (Digio)
(# Cos: 36 | $61.8M)
Invoicing (ArquiveiOficial)
(# Cos: 29 | $57.2M)
ArquiveiOficial
(2014, Sao Carlos, $57.2M)
Digio
(2016, Sao Paulo)
VHSYS
(2012, Sao Jose Dos Pi..)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ArquiveiOficial (2014, Sao Carlos)
$48.0M - Series B - Dec 2021

41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Identity Verification - 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
$40.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$53.9M
1
-
1
1
Cybersecurity (PSafe)
(# Cos: 117 | $504M)
IAM (Acesso)
(# Cos: 24 | $408M)
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

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pay Per Mile Insurers -
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
$38.6M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.6M
2
-
2
1
Auto E-Commerce & Content (Volanty)
(# Cos: 116 | $218M)
Insurance (Thinkseg)
(# Cos: 12 | $38.6M)
Internet First Insurer (Kakau)
(# Cos: 6 | $38.6M)
Usage Based (Justos)
(# Cos: 2 | $38.6M)
Justos
(2020, Pinheiros, $38.6M)
Kakau
(2016, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Justos (2020, Pinheiros)
$35.8M - Series A - Oct 2021
Justos (2020, Pinheiros)
$2.8M - Seed - May 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Usage Based Auto Insurers
- Brazil
35
43
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 ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.6M
1
-
1
1
Internet First Insurance Platforms (Bidu)
(# Cos: 49 | $60.0M)
Internet First Insurers (Azos)
(# Cos: 24 | $51.1M)
P&C (Bike Registrada)
(# Cos: 16 | $38.6M)
Auto (AVAP)
(# Cos: 4 | $38.6M)
Usage-based (Justos)
(# Cos: 1 | $38.6M)
Justos
(2020, Pinheiros, $38.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Justos (2020, Pinheiros)
$35.8M - Series A - Oct 2021
Justos (2020, Pinheiros)
$2.8M - Seed - May 2021

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Fantasy Soccer Platforms - Brazil
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$38.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.0M
1
-
3
1
Sports Tech (Netshoes)
(# Cos: 111 | $495M)
Fantasy Sports (Mercado Popular da Bola)
(# Cos: 5 | $38.0M)
Online Platforms (Premium League)
(# Cos: 5 | $38.0M)
Soccer (King of Pitaco)
(# Cos: 3 | $38.0M)
King of Pitaco
(2019, Sao Paulo, $38.0M)
Premium League
(2017, Sao Paulo)
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)
$32.0M - Series A - Jan 2022
King of Pitaco (2019, Sao Paulo)
$6.0M - Seed - May 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Ambar (2013, Sao Paulo)
$36.0M - Series C - Dec 2021
Construction Project Management
Software - Brazil
37
45
Back to index
Construction Tech (Oico)
(# Cos: 85 | $71.1M)
Project Management (Construct)
(# Cos: 46 | $63.9M)
Suite (Ambar)
(# Cos: 11 | $63.5M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$36.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$63.5M
1
-
11
1
Ambar
(2013, Sao Paulo, $63.5M)
WebProject
(2014, Sao Paulo)
GescorpGO
(2017, Sao Paulo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Telematics Based Truck Fleet
Management - 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
$33.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$43.6M
5
-
17
1
Logistics Tech (iFood)
(# Cos: 570 | $1.6B)
Freight (Fretebras)
(# Cos: 302 | $469M)
Trucking (Cargo X)
(# Cos: 229 | $449M)
Technology Enablers (Intelipost)
(# Cos: 159 | $46.0M)
Fleet Management (Log2br)
(# Cos: 119 | $43.6M)
End to End (Veltec)
(# Cos: 33 | $43.6M)
Telematics Based (Cobli)
(# Cos: 17 | $43.6M)
Cobli
(2015, Sao Paulo, $43.4M)
Veltec
(2005, Londrina)
Vigitrack
(1993, Porto Alegre)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cobli (2015, Sao Paulo)
$33.4M - Series B - Jul 2021

47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Inventa (2020, Sao Paulo)
$20.0M - Series A - Jan 2022
Zax (2019, Sao Paulo)
$6.0M - Series A - Oct 2021
Inventa (2020, Sao Paulo)
$5.5M - Seed - Oct 2021
B2B Horizontal Marketplaces - Brazil
39
47
Back to index
B2B E-Commerce (Gro Direto)
(# Cos: 95 | $72.8M)
Horizontal (Gaveteiro)
(# Cos: 11 | $42.9M)
Marketplace (Inventa)
(# Cos: 9 | $42.9M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$31.5M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.9M
5
-
9
3
Inventa
(2020, Sao Paulo, $25.5M)
Gaveteiro
(2012, Sao Paulo, $9.0M)
Zax
(2019, Sao Paulo, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2022, 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
40
48
Back to index
Renewable Energy Tech (SolarZ)
(# Cos: 20 | $35.2M)
Solar Energy (Sunew)
(# Cos: 13 | $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.

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting - 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
$24.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$71.8M
8
-
69
3
Finance & Accounting Tech (Contabilizei)
(# Cos: 261 | $310M)
Accounting Solutions (Vindi)
(# Cos: 181 | $145M)
Accounting Suite (Nibo)
(# Cos: 77 | $71.8M)
SMBs (ContaAzul)
(# Cos: 69 | $71.8M)
ContaAzul
(2012, Joinville, $40.9M)
Nibo
(2012, Rio De Janeiro, $6.3M)
BHub
(2004, Sao Paulo, $24.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BHub (2004, Sao Paulo)
$20.0M - Series A - Dec 2021
BHub (2004, Sao Paulo)
$4.6M - Seed - Sep 2021
ContaÁgil (2016, Canoas)
Undisclosed - Seed - Mar 2021

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Professional Learning Courses -
Brazil
42
50
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Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$24.5M (▲1535%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$38.0M
13
-
51
2
Continued Learning (EduSynch)
(# Cos: 206 | $47.7M)
Professional (Digital Innovation One)
(# Cos: 108 | $38.2M)
Online Learning (Alura)
(# Cos: 106 | $38.2M)
Multi Disciplinary (StartSe)
(# Cos: 53 | $38.0M)
Online Courses (eduK)
(# Cos: 51 | $38.0M)
eduK
(2013, Sao Paulo, $10.0M)
StartSe
(2014, Sao Paulo, $13.5M)
Kultivi
(2017, Curitiba)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
StartSe (2014, Sao Paulo)
$13.5M - Series A - Nov 2021
EBAC (2016, Sao Paulo)
$11.0M - Series A - Sep 2021

51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
C2B Used Cars Marketplaces - Brazil
43
51
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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 (Itaro)
(# Cos: 116 | $218M)
Second Hand Vehicles (ICarros)
(# Cos: 36 | $82.9M)
Cars (Volanty)
(# Cos: 21 | $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

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Prepaid Expense
Cards - 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
$22.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.0M
3
-
6
1
Payments (EBANX)
(# Cos: 274 | $1.3B)
Consumer Payments (RecargaPay)
(# Cos: 134 | $182M)
Payment Cards (Digio)
(# Cos: 70 | $45.2M)
Prepaid Cards (Z1)
(# Cos: 56 | $45.2M)
Corporate Cards (Caju)
(# 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

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - Brazil
45
53
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$20.0M
2
-
56
1
Cryptocurrencies (NovaDAX)
(# Cos: 157 | $258M)
Financial Services (Alter)
(# Cos: 125 | $258M)
Investment Industry (Mercado Bitcoin)
(# Cos: 90 | $258M)
Crypto Exchanges (FOXBIT)
(# Cos: 56 | $20.0M)
FOXBIT
(2014, Sao Paulo, $20.0M)
NovaDAX
(2008, Sao Paulo)
Coinext
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FOXBIT (2014, Sao Paulo)
$20.0M - Series A - Feb 2022

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Online Community for Physical Fitness
Mangement - Brazil
46
54
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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 (Medicinia)
(# Cos: 45 | $47.1M)
Tech Enabled Services (Cuidas)
(# Cos: 31 | $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

55. Copyright © 2022, 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
47
55
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.7M
1
-
1
1
Healthcare IT (iClinic)
(# Cos: 465 | $90.4M)
Provider (Zenklub)
(# Cos: 391 | $76.7M)
Clinical Operations (Brain4 Care)
(# Cos: 34 | $31.8M)
Decision Support (ToLife)
(# Cos: 31 | $31.8M)
Therapy Plan (DoseCheck)
(# Cos: 7 | $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

56. Copyright © 2022, 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
48
56
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Data as a Service (InfoPrice)
(# 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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.7M
1
-
2
1
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.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Agrolend (2020, Sao Paulo)
$14.7M - Series A - Jan 2022
Agrolend (2020, Sao Paulo)
$1.6M - Seed - Apr 2021
Agriculture Lending Platforms - Brazil
49
57
Back to index
Crop Tech (Taranis)
(# Cos: 240 | $287M)
Finance (Agryo)
(# Cos: 6 | $136M)
Loans (Agrolend)
(# Cos: 2 | $16.3M)
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$16.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.3M
2
-
2
1
Agrolend
(2020, Sao Paulo, $16.3M)
Agryo
(2019, Brasilia)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Brazil Tech - Top Business Models Report
Recent Funding Rounds
Payment Facilitators - Brazil
50
58
Back to index
Taxonomy
$ Invested in last 1 year in Brazil Tech
Key Stats
# Funding Rounds in last 1 year in
Brazil Tech
$15.0M (▲66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$27.1M
1
-
4
1
Payments (EBANX)
(# Cos: 274 | $1.3B)
Enablers (Cielo)
(# Cos: 27 | $602M)
White Label Solutions (CloudWalk)
(# Cos: 9 | $422M)
Payment Facilitators (Hash)
(# Cos: 4 | $27.1M)
Hash
(2017, Sao Paulo, $27.1M)
4WARD
(2013, Sao Paulo)
Aceita
(2013, 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

59. Brazil Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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Brazil Tech - Top Business Models Report
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