Business

LinkedIn releases Brazil's Top Startups 2021 list: C6 Bank ranks first

Annual ranking points out the top ten startups at the moment, considering attraction of investments and talent, and engagement with the user community

LinkedIn releases Brazil's Top Startups 2021 list: C6 Bank ranks first
Photo: C6 Bank/Courtesy
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Digital bank C6 Bank leads the fourth edition of the annual LinkedIn Top Startups list, which points out the ten most bullish startups at the moment in Brazil, i.e., that continue to attract investment, talent, and attention.

Founded in 2019 by former BTG Pactual partners, the digital bank already has 7 million users and reached a valuation of BRL 11.3 billion ($2.28 billion) in December last year, when it raised BRL 1.3 billion from 40 individuals and families. C6 posted a net loss of BRL 607 million in 2020, ending the year with BRL 8 billion in assets. In April, the American bank JPMorgan bought a 40% stake in C6 Bank.

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Also featured on the list are startups already established in their segments, such as proptech Loft, which this year concluded its Series D funding round with total funding of US$ 525 million, raising the startup’s valuation to $2.9 billion; fintech Neon, which focuses its portfolio on classes C and D and, in five years, already has 12 million users, of which 80% have incomes of up to BRL 1.500 per month; and food tech Liv Up, which has just announced an extension of its Series D round of BRL 50 million.

Check it out the full list of Top Startups 2021:

  1. C6 Bank – digital bank
  2. Neon – fintech
  3. Gupy – HRtech
  4. Kestraa – foreign trade logistics startup
  5. Mandaê – delivery and freight platform
  6. Loft – proptech
  7. Dengo Chocolates – food tech
  8. DataSprints – AI solutions
  9. Kovi – car rental startup
  10. Liv Up – food tech

READ ALSO: After new funding, Mexico’s Kavak becomes the second-most valuable startup in Latin America

The ranking is based on the analysis of data available on LinkedIn itself and considers the increase in the number of employees, the interest aroused by the jobs advertised, the engagement of users with the company and its employees, and how many talents these startups “took” from companies that are on the Top Companies list. The ranking considered startups founded as of 2013, privately and independently owned, based in Brazil, and with at least 50 employees.

The Top Startups list is also made in 25 other countries, such as ArgentinaArábia SauditaAustráliaCanadáCingapuraEgitoEmirados Árabes UnidosEuropaÍndiaIndonésiaIsrael e Nova Zelândia.

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