Series B Funded Startups in Brazil
Across the 34 disclosed Series B rounds shown for Brazil, the largest disclosed amount is Daki at $260M on 2021-12-02.
Across the 34 disclosed Series B rounds shown for Brazil, the largest disclosed amount is Daki at $260M on 2021-12-02. That $260M round stands apart from the rest: the next-highest disclosed amounts are Mercado Bitcoin at $200M (2021-07-01) and Pismo at $108M (2021-10-19) and Cora at $113M (2021-08-24), with many other rounds clustered well below $100M. Geographic and temporal concentration also shows up: São Paulo appears as the base city for the overwhelming majority of entries (e.g., ISA Saúde on 2025-11-02; Vammo on 2025-10-30; Solides on 2022-02-17; Mercado Bitcoin on 2021-07-01), and round dates span 2021-03-23 (Vortx) through 2025-11-02 (ISA Saúde), with multiple rounds in the $20M–$45M band recurring across several consecutive quarters. Sector mix tilts toward Financial Services and adjacent fintech (e.g., Nomad $61M on 2023-08-22; Conta Simples $41M on 2024-01-09; Stark Bank $45M on 2022-04-11), while 1 company in the list has an undisclosed Series B amount (QueroQuitar on 2023-07-15).
Most recent rounds
34 shownRelated listings
Frequently asked
What’s the largest disclosed Series B round in this Brazil list, and how large is it relative to the rest?
Daki’s $260M round on 2021-12-02 is the clear disclosed outlier. The next-largest disclosed amounts are Mercado Bitcoin at $200M (2021-07-01) and a higher-visibility middle tier like Cora at $113M (2021-08-24) and Pismo at $108M (2021-10-19), while many other rounds fall into the $14M–$61M ranges (for example Paytrack at $40M on 2025-01-22 and Woba at $14M on 2025-07-07).
Which geography dominates these Series B rounds, and are there meaningful non-São Paulo pockets?
São Paulo-based entries dominate the list, including ISA Saúde (São Paulo, 2025-11-02; $30M), Vammo (São Paulo, 2025-10-30; $45M), and Mercado Bitcoin (São Paulo, 2021-07-01; $200M). Non–São Paulo bases do appear but less frequently, such as Paytrack in Blumenau, SC ($40M on 2025-01-22), Logcomex in Curitiba ($34M on 2023-11-21), Solides in Belo Horizonte ($103M on 2022-02-17), and Hash in Pinheiros, São Paulo ($15M on 2021-04-20).
Do these rounds cluster in time, especially near the most recent entries?
Yes. In the most recent quarter of the table (2025-07 through 2025-11), multiple rounds appear across a fairly tight $14M–$45M band: Woba at $14M (2025-07-07), NG.CASH at $27M (2025-07-14), Ume at $21M (2025-09-08), and Vammo at $45M (2025-10-30), culminating with ISA Saúde at $30M on 2025-11-02. The overall date span runs from 2021-03-23 (Vortx) to 2025-11-02 (ISA Saúde).
Which sectors show up repeatedly, and what does that imply about investor focus in these Series B rounds?
Financial Services is the most recurrent sector label in the list, with multiple named entries such as Nomad ($61M, 2023-08-22), Conta Simples ($41M, 2024-01-09), Stark Bank ($45M, 2022-04-11), Mercado Bitcoin ($200M, 2021-07-01), and Vortx ($35M, 2021-03-23). Beyond that, there are recurring adjacent themes in the labels themselves, including Admin Services (e.g., Docket $21M on 2022-12-05 and QueroQuitar undisclosed on 2023-07-15) and AI (Logcomex $34M on 2023-11-21 and Arquivei $48M on 2021-12-14).
Are there disclosed outliers on the low end, and how should the undisclosed amount be treated?
On disclosed amounts only, the smallest visible round is Hash at $15M on 2021-04-20, with nearby lower-disclosed examples like Woba at $14M on 2025-07-07. One entry is an amount outlier due to missing disclosure rather than size: QueroQuitar shows 'undisclosed' on 2023-07-15, so it cannot be compared against the disclosed floor-to-ceiling range.
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