Series C Funded Startups in Brazil
The largest disclosed Series C round in this Brazil list is ASAAS at $149M (2024-10-08), which dwarfs the rest of the disclosed amounts shown—only one othe…
The largest disclosed Series C round in this Brazil list is ASAAS at $149M (2024-10-08), which dwarfs the rest of the disclosed amounts shown—only one other disclosed round sits above $100M (Celcoin at $125M on 2024-06-18), while multiple others fall well below $53M (e.g., Gringo $13M on 2024-09-09; CloudWalk $15M on 2021-11-18). Most companies cluster in São Paulo state: 11 of 14 rows are listed in São Paulo (with multiple entries in São Paulo city), including A5X (São Paulo, 2025-09-16), Celcoin (Barueri, 2024-06-18), and Flash (São Paulo city, 2022-03-09), while only Beep Saúde (Rio de Janeiro, 2022-11-14) breaks the pattern outside São Paulo.
Temporal clustering is visible around 2024: three Series C rounds fall in October 2024 (Agrolend $53M on 2024-10-18, ASAAS $149M on 2024-10-08, and a same-month September lead-in from Gringo $13M on 2024-09-09), and the dataset spans 2021-02-24 (RecargaPay) through 2025-09-16 (A5X). Sector-wise, Financial Services appears most often (A5X, ASAAS, Omie, Hash, RecargaPay), and two entries have undisclosed amounts (Beep Saúde on 2022-11-14 and Omie on 2021-10-26).
Most recent rounds
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Frequently asked
What’s the largest disclosed Series C round here, and how does it compare to the rest of the disclosed amounts?
ASAAS’s $149M on 2024-10-08 is the clear outlier; Celcoin is the next-largest disclosed at $125M (2024-06-18), while several other disclosed rounds are far lower (e.g., Gringo $13M on 2024-09-09 and CloudWalk $15M on 2021-11-18).
Do these Series C rounds cluster in a specific timeframe or are they evenly spread?
They’re back-loaded toward 2024, with multiple rounds between September and October 2024 (Gringo $13M on 2024-09-09; ASAAS $149M on 2024-10-08; Agrolend $53M on 2024-10-18). The overall window runs from 2021-02-24 (RecargaPay) to 2025-09-16 (A5X), so earlier years also contribute, but 2024 is where the density is most noticeable in this slice.
Are certain cities or states over-represented among the listed startups?
São Paulo state dominates: 11 of 14 rows list São Paulo (including São Paulo city and nearby locations like Barueri for Celcoin). Outside São Paulo state, the dataset shows only Beep Saúde in Rio de Janeiro (2022-11-14).
Which sectors show up repeatedly, and which look more isolated?
Financial Services is the most frequent sector label, appearing on A5X ($38M, 2025-09-16), ASAAS ($149M, 2024-10-08), Omie (undisclosed, 2021-10-26), Hash ($40M, 2021-10-20), and RecargaPay ($70M, 2021-02-24). Several other sectors appear only once in this view, such as Agriculture and Farming (Agrolend, $53M on 2024-10-18) and Health Care (Beep Saúde, undisclosed on 2022-11-14).
Which entries have undisclosed funding amounts, and could that affect ‘largest round’ comparisons?
Two entries have undisclosed amounts: Beep Saúde (Health Care) on 2022-11-14 and Omie (Financial Services) on 2021-10-26. Because they’re not disclosed, they don’t change the ranking of disclosed amounts, where ASAAS at $149M remains the largest disclosed figure in the table.
Where are the low-end disclosed rounds, and are they concentrated in any particular period or sector?
Among disclosed amounts, the lowest shown is Gringo at $13M (2024-09-09), with CloudWalk also low at $15M (2021-11-18) and Solfácil at $30M (2022-09-22). These lower disclosed rounds appear across different years and sectors (Apps for Gringo, Commerce/Shopping for CloudWalk), rather than clustering tightly into a single period or industry label.
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