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Brazilian startups have already raised BRL 10.1 billion in 2021, says Sling Hub

There have been 209 fundraising rounds since the beginning of the year that raised BRL 6.9 billion more than in the same period last year

Brazil startups
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  • This represents an increase of 68% in comparison to the same period in 2020;
  • April ended with 51 rounds and BRL 1.9 billion invested;
  • Most of the rounds (16) raised between BRL 1 and 10 million; six rounds raised over BRL 100 million.

Brazilian startups raised BRL 10.1 billion between January and April 2021, BRL 6.9 billion more than the raised amount in the same period in 2020, shows the Sling Hub report released on Monday. There have been 209 fundraising rounds since the beginning of the year.

April ended with 51 rounds and BRL 1.9 billion invested. According to the report, 25.5% of investments went to fintechs; healthtechs accounted for 9.8% and edtechs, retailtechs and proptechs had a share of 7.8% each. Most of the investments (41.2%) were distributed among startups from different areas.

Sling Hub report startups april 2021
Image: Screenshot/Sling Hub Report

Real state broker Loft leads the ranking of the largest rounds, with the second part of its Series D worth $ 100 million. Fintech Warren also stood out by raising a BRL 300 million Series C. And Cora, specializing in small and medium-sized companies, received the second-largest Series A round ever received by a Brazilian fintech, of BRL 150 million.

Most of the rounds (16) raised between BRL 1 and 10 million; six rounds raised over BRL 100 million.

READ ALSO: VC investors were decidedly bullish on Latin America despite pandemic’s challenges

The ranking of major investors of 2021 is led by BiotechTown, Anjos do Brasil and Domo, with 9 deals each; in second place comes SoftBank, with 7 deals.

So far, the best month for Brazilian startups was March, when 57 rounds took place, totaling BRL 4.9 billion raised.

M&A goes fine too

April was also a good month for mergers and acquisitions: 29 M&A deals were closed, which handled BRL 727 million. The Brazilian retail giant Magazine Luiza leads the ranking of acquirers from 2021 until now, with six acquisitions, followed by the tech company Locaweb and Nuvini, a Software as a Service (SaaS) holding company, with five acquisitions each.

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