Some Brazilian Startups Had $10M More in SVB. What Happens Now? — Brazilian founders of startups receiving foreign venture capital investment have traditionally opened an account with SVB - Andrey Rudakov

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Some Brazilian Startups Had $10M More in SVB. What Happens Now?

Investors estimate that 90% of startups with offshore operations had funds in the bank under intervention; only amounts up to $250,000 can be redeemed

Bloomberg Linea

11.Mar.2023 11:40 BRT

Some Brazilian startups were unable to withdraw all their money in time from SVB (Silicon Valley Bank), the bank in which many of the companies kept their funds received from Silicon Valley venture capital funds and which collapsed this week in the United States.

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