Series Unknown Funded Startups in Brazil
Among the 50 most recent Brazil rounds labeled “Series Unknown,” the largest disclosed amount is $220M (BDMG, 2024-12-10).
Among the 50 most recent Brazil rounds labeled “Series Unknown,” the largest disclosed amount is $220M (BDMG, 2024-12-10). That single figure dwarfs the next-largest disclosed rounds in the list, including $210M (Atlas Renewable Energy, 2025-07-28) and $179M (also Atlas Renewable Energy’s $179M is below $210M), while many other disclosed amounts sit far lower, such as $100M (Canopy, 2025-07-17) and $52M (NEWCORE, 2024-10-22). Date-wise, entries cluster heavily around late 2024 and the first half of 2025, with the most recent round on 2025-08-15 (180° Insurance, $10M) and multiple concentrations on 2025-05-02. Geographically, São Paulo (including states/city variants like “Brasil, Sao Paulo, Brazil”) dominates the roster, while AI-related categories recur repeatedly (e.g., Media Hero 2025-01-01, NeoSpace AI 2025-01-28, and several 2024-09-13 listings) alongside a frequent $-disclosed vs. “undisclosed” pattern (notably 2024-09-13 has several undisclosed amounts such as Lastro, Lexter.ai, and Pupila Brand Studio).
Most recent rounds
50 shownRelated listings
Frequently asked
What’s the top disclosed round here, and how does it compare to the rest of the disclosed amounts?
The largest disclosed amount in this list is $220M for BDMG on 2024-12-10. It stands out against the next-largest disclosed figures, including $210K for AIPER (actually $210K is far smaller) and other large rounds like $179M (Atlas Renewable Energy, 2025-07-28) and $160K (Alloy, 2025-01-16), with most remaining disclosed rounds in the $1M–$100M range (e.g., $100M Canopy on 2025-07-17; $52M NEWCORE on 2024-10-22).
Do the rounds cluster in time, or are they evenly spread across the date range shown?
They’re not evenly spread: the roster spans from 2024-09-09 (Vetwork, $4M) through 2025-08-15 (180° Insurance, $10M), and it shows repeated same-day clustering (notably 2025-05-02: Ceres Seeding, Ecotrace, and umgrauemeio, all “Series Unknown,” with Ceres Seeding/Ecotrace/umgrauemeio marked “undisclosed”).
Which geography appears most often, and are there signs of a single hub concentration?
São Paulo is the dominant geography across the list, including multiple entries explicitly in São Paulo city/state (e.g., 180° Insurance on 2025-08-15; Canopy on 2025-07-17; Brazil Tower Company on 2025-03-07). Non-São Paulo entries do appear (e.g., Nexa Finance in São Paulo city on 2024-12-11; Winnin in Rio De Janeiro on 2024-09-13; ReConverte in Jaraguá Do Sul, SC on 2024-11-18), but they’re fewer than São Paulo-labeled placements.
How does the list split between disclosed amounts and “undisclosed,” and do undisclosed rounds concentrate in specific dates?
Several rounds are marked “undisclosed,” including Ceres Seeding (2025-05-02), Ecotrace (2025-05-02), and multiple 2024-09-13 AI/media listings such as Lastro, Lexter.ai, and Pupila Brand Studio (all “undisclosed”). Disclosed rounds include high values like $220M (BDMG, 2024-12-10) and $120M (New Wave, 2025-04-04), indicating that undisclosed does not correlate strictly with the largest rounds, but it does appear in concentrated date groupings.
Are there sector clusters that repeat more than once in this ‘Series Unknown’ set?
AI-related categories recur across multiple dates, including Media Hero (2025-01-01, “undisclosed”), NeoSpace AI (2025-01-28, $18M), and a cluster on 2024-09-13 with Lastro (undisclosed), Lexter.ai (undisclosed), and Pupila Brand Studio (undisclosed). Financial Services also appears repeatedly (e.g., 180° Insurance $10M on 2025-08-15; Méliuz $33M on 2025-06-13; BDMG $220M on 2024-12-10; and Nexa Finance $5M on 2024-12-11).
Which outliers are worth flagging for diligence beyond the typical $1M–$50M range?
Beyond the top $220M outlier (BDMG, 2024-12-10), other large disclosed rounds include $210M (Atlas Renewable Energy, 2025-07-28), $179M (Atlas Renewable Energy, 2025-07-28), and $120M (New Wave, 2025-04-04). On the low end, the smallest disclosed amount is $100K for beecrowd (2025-06-23), while other small disclosed rounds like $1M (Base39, 2024-09-13; Multiledgers, 2024-11-05) help define the lower tail.
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