While not as iconic as Rio, São Paulo’s status as Brazil’s financial and business center makes it tremendously appealing to startups, a reputation supported by the full quarter of the Brazilian Startup Association’s companies that call the city home. Brazil’s population, at over 200 million, dominates Latin America with both size and internet use. Brazilians constitute the second largest user base for Facebook, Twitter and Youtube, making an attractive market. However, several impediments remain – Brazil’s business environment remains tepid for entrepreneurs. Regulations on labor are extensive and the onerous bureaucracy involved in starting a business stands in the way of founders hoping to make quick entries into the market. A recent initiative launched by the city, the Tech Sampa program, is one cause for optimism, offering financing for interested startups.
These businesses offer industry expertise and are a source of startup talent and potential customers. They help fuel the local startup community.
Acquired for $342M by
Up and coming startup
Up and coming startup
Up and coming startup
Felipe is the founder of Startup Farm, the first accelerator-school for digital entrepreneurs in Brazil, and has lead expansion in Instituto Inovação, an innovation management group. He was also COO at Start-Up Brasil, an initiative by the Brazilian Government to foster the entrepreneurial ecosystem in Brazil.
As 500's representative in Brazil and South America, Bedy has made about half of her investments in Brazil. In 2010, she founded Brazil Innovators, an organization that accelerates entrepreneurship in Brazil and hosts a monthly networking event called BR New Tech.
In 2011, Cassio founded Anjos de Brasil, an angel network created to encourage investment in Brazilian innovation. He is also a mentor in the Brazilian Association of Startups, a columnist at Startupi, and an advisor at the Brazilian Institute for Research and Education.
Romero founded Buscapé in 1998, and it was acquired by Naspers in 2009 for $342 million, which made him Global CEO for Comparison Shopping at Naspers. He is also a Partner at Redpoint Ventures' Brazilian arm.
As the Brazil Director for Techstars Startup Programs, Tony helps foster entrepreneurship, grassroots leadership, and strong communities. A prolific entrepreneur, Tony previously founded several startups, including LoteBox, Best Apps, and Find My Pet.
Before joining Napkn Ventures as a partner, Luciano is founded fintech startup Magnetis. He is a former co-founder and portfolio manager of Nest Investimentos, a hedge fund specializing in Brazilian public equities and derivatives. He also worked as VP in Equity Derivatives at Merrill Lynch, in São Paulo and New York.
As the CEO of one of the most successful taxi-hailing apps , Tallis has served as the company's CEO as it expanded to 33 countries and raised $80 million in the past 3 years alone. In 2015, he founded eGenius Founders, a venture builder in rapidly growing mobile and online services marketplaces in Latin America.
Silvia's position at Microsoft allows her to build relationships with entrepreneurs. She leads startup programs designed to accelerate the success of startups, while managing a portfolio of 2,000 startups in Brazil.
Anderson Thees is a Founding Partner of Redpoint e.ventures, a fund created by the merger between Redpoint Ventures and e.ventures, which has raised a $130 million to invest in early stage Brazilian startups. Previously, Anderson was the CEO of Apontador, an Investment Principal at Naspers/MIH, and at Eccelera, a local venture capital fund.
In addition to being the cofounder of Infracommerce, Kai founded and exited BrandsClub. He is a valued angel investor in the ecosystem, and serves on the board of ecommerce sites Juv Acessórios and Gaveteiro.
Since its founding, Totvs has gone on to dominate Brazil's enterprise software market. As of 2013, Totvs provides business software for approximately 60% of all Brazilian SMEs.1983
The Associação Brasileira de Private Equity & Venture Capital (ABVCAP) is founded to develop and foster private equity, venture and seed capital investment in Brazil.2000
A group formed by Inseed Investments, Inventta consultancy, the biotech company Ecovec, and Tropos Lab, Instituto Inovação sees itself as Brazil's foremost innovative business generator and accelerator.2002
As Google's first office in Latin America, it's São Paulo location has served as magnet for talent across the country and region.2005
Totvs became the first Latin American company in the IT sector to IPO in the New Market of the Stock Exchange of São Paulo. Since the company's founding in 1983, it has grown to over 26,000 active customers and approximately 10,000 employees.2006
South African conglomerate Naspers purchases a 91% stake in Buscapé for $374 million as part of its expansion into Latin America.2009
Founded by entrepreneur Cassio Spina, Anjos do Brasil, is a non-profit angel investor network that is dedicated to fostering angel investment.2011
California-based VC Redpoint Ventures and e.ventures raise a $130 million fund to invest in early-stage Brazilian startups. The fund is the largest early-stage venture fund in the country.2012
Created by Brazil’s Ministry of Science, Technology and Innovation, the national government will invest up to $78 million in 100 local and foreign startups that apply for a new “Start-Up Brasil” program.2013
As Easy Taxi expands to Asia and Latin America, it has raised $40 million in a round led by Phenomen Ventures, with participation from Tengelmann Ventures.2014