News | Wildlife, Brazilian Gaming Startup Becomes Unicorn

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Brazil has one more unicorn, or startup valued at over a billion dollars – this time from a sector quite different from the usual fintech or mobility players. Mobile game company Wildlife Studios received a US$60M and its valuation reached US$1.3B. Team of Wildlife Corporate background The game multinational was born in 2011, created by entrepreneurs, engineers and brothers Victor Lazarte and Arthur Lazarte. The mobile gaming company has grown by an average of 80% over the past six years. Wildlife Studios expects to reach the 2 billion mark by the end of this year. Some of its 70 titles are Sniper 3D and Tennis Clash. The company operates on a … Conteúdo

Breaking News | Loft Becomes the 11th Brazilian Unicorn

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Loft becomes the 11th Brazilian unicorn – and the first in the construtech market. The others are 99, Nubank, Arco Education, Movile (iFood), Stone, Gympass, Loggi, QuintoAndar, Ebanx and Wildlife. Loft founded in 2018 received US$175M, round led by funds Andreessen Horowitz, Fifth Wall Ventures and Vulcan Capital.   Florian Hagenbuch, 32, and Mate Pencz, 33, founders of Loft, Brazil’s newest unicorn Brazil wins the first unicorn of 2020 – and the fastest in the country’s history. It is Loft, a real estate startup that, after receiving US$175M investment from Andreessen Horowitz, Fifth Wall Ventures and Vulcan Capital, reached a market capitalization of US$1B, with just 16 months to go. … Conteúdo

Breaking News | Loggi needs work contracts with US$7.2M

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News Summary The Brazilian court ordered a Brazilian delivery app Loggi to formalize its work relationships with all the motorcycle drivers working for Loggi in Brazil. in the country, according to a release on 6 December. The court has also required Loggi to pay US$7.2M in compensation.   Unfair competition by absence of work relationships? Approximately 15,000 drivers work for Loggi in the country. Loggi became a unicorn with a market value of US$1B in June, after raising US$150M investment by SoftBank and Microsoft etc.. In the sentence, Labor judge Lvia Lacerda Menendez stated that Loggi promotes unfair competition since the absence of employment relationship exemptions the company from paying taxes and … Conteúdo

Breaking News | Softbank Led US$150M Investment in Argentina

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News summary Softbank accelerates in Latam. Ualá, an Argentine startup of personal finance management app, has raised a US$150M for Series-C led by SoftBank’s Latin America-focused Innovation Fund and Tencent. (Reference: Tech Crunch’s article on 25 Nov. 2019)   Who is Ualá? Ualá is the startup that provides a mobile banking app and lending platform with services similar to those of Revolut, Monzo and Nubank. However Ualá has no orientation to actually become a bank itself. Founder and CEO Pierpaolo Barbieri, a Buenos Aires native and Harvard University graduate, says his ambition was to create a platform that would bring all financial services into one app linked to one card. As it exists … Conteúdo

Breaking News: Softbank Led US$140M Investment in Brazilian Startup

postado em: Brazil Venture Capital, News | 0

News Summary Softbank led a US$140M investment in VTEX, Brazilian startup, which provides an e-commerce platform (NEOFEED’s article on November 22, 2019). This is the 10th investment in Brazilian startups for Softbank, which announced the establishment of a US$5B Latin American fund this May.   Softbank, Gávea Investimentos (represented by Armínio Fraga, former central bank president) and Constellation Asset Management led this investment, which will be utilized mainly in overseas expansion and R&D.   Outline of VTEX Sales in 2018 were US$179M with a CAGR of 40% over the past five years. This year’s sales forecast is US$250M. VTEX has 15 overseas offices (US, UK, Italy, Spain, Romania, and Latin … Conteúdo