July, 2021

Startup
activity report
Your 360º monthly view of the Brazilian
and Mexican startup ecosystem

Overview of July

NUMBER 
 VOLUME
OF ROUNDS IN USD M&As
60 872M 25

Wall Street welcomes VTEX

The Brazilian unicorn, VTEX, with more than two
thousand customers raises USD 361M in an IPO

Records: Series A
São Paulo (Brazil), Nuevo Léon (Mexico)
achieved their biggest Series A ever

Retail on the rise

Retailtech has been the main topic of July from
IPOs to M&As. VTEX, Valoreo, Magalu were at
the center of it.

Brazilian
startups

01. Investments trends

5.2Bi
5Bi

2,5Bi
1.8Bi
1.4Bi
1.2Bi
1Bi 804M
707M

500M

114 148 167 160 191 54

NUMBER OF VOLUME IN AVG. ROUND

ROUNDS USD SIZE IN USD

53 804M 15.2M

2 0
1 0
12 0
6 0
3 1
0 28

Monashees
1st

Domo Invest 2nd

ONEVC
2nd

Other Fintech

16 14

52 29 6

6 7
Healthtech
3

Edtech

20 15 startups raised
between USD 1M
15 and USD 10M

5
4

< 1M 1M
10M
> 50M
10M 50M

São Paulo Rio de Janeiro Minas Gerais

36 6 4
Santa Catarina P araná Goiânia
2 2 1
Espírito Santo Bahia
1 1

VTEX

Daki

More startups and

funding metrics?
Go deeper in our platform
All market data, all deals, M&As and much more.

Get a free trial!

RETAI LTECH • B2B, b2c

VTEX
Brazil, São Paulo
F unding
IPO
USD 361M no data
Ro und info Ro und investors
USD 731M
Total raised

Key Data
USD 99M +2k (32 Countries)
Revenue in 2020 Number of clients

FASHIONTECH - B2B2C
Insider Store
Brazil, São Paulo
Funding
Debt
USD 2.4M BoostLAB (lead)
Ro und info Round investors

USD 2.4M
Total raised

ey Data
K

BRL 60M Plan to raise BRL 120M

2021 revenue projection In a Series A, late 2021
2019: USD 1.2M | 2020: USD 6.1M | 2021.1H: USD 4.8M
Revenue in the last 2 years

HEALTHTECH-B2B
Pipo Saúde

Brazil, São Paulo

Funding
no data Thrive Capital (Lead)

USD 20.2M Atlantico, Monashees,

Ro und info Kaszek, ONEVC

USD 23.9M
Total raised Ro und investors

K ey Data
Double team size V itta
Use of proceeds Competitor
~ 100 (Madeira Madeira, Buser, Functional ...)
Active Clients

Daki USD 170M Tiger Global

LOGTECH-B2B2C Series A +8 investors

Blu USD 60.5M Warburg Pincus

FI NTECH-B2B Series B

Will bank USD 50.4M XP Investimentos

FI NTECH-B2C No Data Atmos Capital

Cobli USD 35M SoftBank

AUTOTECH-B2B Series B +4 investors

Z1 USD 25M ebrew

Hom
FI NTECH-B2C Seed +2 investors

Want to receive more

reports like this?
Talk to our team
All market data, all deals, M&As and much more.

Get to know Sling Hub!

02. M&A

80
71
60 60 61 60

40
23

20 19
6
3 3 4
1 1
0

Acquisitions Merges

ACQUISITIONS MERGES

23 1

Buyer Acquiree

4
6 10
510 99
99 8 8

12
4
3

1 2
1
1 51 3
3

01. Retail (5) 3 5

01. Retailtech (4)
02. Finance (5) 02. Fintech (4)
03. IT (3) 03. Marketing (2)
04. Other (6) 04. Other (12)

Buyer Acquiree

São Paulo (15) São Paulo (15)

Minas Gerais (1) Rio de Janeiro (3)
Distrito Federal (1) Rio Gde. do Sul (1)
Paraná (1) Pernambuco (1)

Rio Gde. do Sul (1) Santa Catarina (1)

Minas Gerais (1)
Paraná (1)

Buyer Acquiree

1-5 years 1-5 years

4 10

5-10 years 5-10 years

6 9

+ 10 years + 10 years
7 4

Acquisition
Buyer
FINANCES
Banco Santander
São Paulo, founded in 1857

Acquiree
AUTOTECH
Car10
São Paulo, founded in 2014

Amount Percentage
No Data 67%
Payment Statistics
No Data 3rd acquisition

1st Autotech aquisition

Previous investors
MSW Capital

Acquisition
Buyer
education
Ânima Educação
São Paulo, founded in 2003

Acquiree
edtech
Gama Academy
São Paulo, founded in 2014

Amount Percentage
USD 6.8M 56%
Payment Statistics
No Data 1st acquisition

Previous investors
Smart Money, GooDz, Axigen, G2 Capital

Locaweb ACQUISITION Bagy

IT USD 2M RETAILTECH

Magazine Luiza ACQUISITION Kabum

RETAIL USD 705M RETAILTECH

Magazine Luiza ACQUISITION Sode

RETAIL No data LOGTECH

Creditas ACQUISITION Minuto Seguros

FINTECH INSURTECH

Want more M&A info?

Slinghub.io is the place to go!
All market data, all deals, M&As and much more.

Claim your free trial now!

03. Investors

e
V ntu re capital
Movile
São Paulo
F unding status
Raised USD 200M

nvestment focus
I
Foodtech, São Paulo, B2C startups
Notorious investments in portfolio
iFood, MovilePay, Zoop, Afterverse,
Sympla, PlayKids

Want to stay up to date

about the ecosystem?
Get monthly reports!
Funding and M&A lists, insights and much more!

Talk to our team

Mexican
startups

01. Investments trends

1.5Bi
1.3Bi

1Bi

522M
500Bi

250M 210M 204M

56M 68M
0

26 39 42 38 20 7

NUMBER OF VOLUME IN AVG. ROUND

ROUNDS USD SIZE IN USD

7 68M 9.7M

0 0
0 0
1 0
3 0
1 0
0 2

Mouro Capital
1st

Others

1
Fintech

1
2

3
1

Logtech 1

Retailtech

2 startups raised
between USD 10 M
4 and USD 50M
2
2

< 1M 1M
10M
> 50M
10M 50M

Ciudad de México Jalisco Nuevo León

5 1 1

Valoreo

Nowports

More startups and

funding statistics?
Know our online platform
All market data, all deals, M&As and much more.

Get a free trial now!

LTECH - B2B2C
RETAI

Valoreo
Mexico, Ciudad de México
Funding
Series A Presight Capital ,
USD 30M Kingsway Capital ,
Ro und info Kaszek Ventures ,
Upper90 , FJ Labs
USD 80M
total raised round investors

K ey Data
Acquisition of new brands
Use of proceeds

LOGTECH - B2B
Nowports
Mexico, Nuevo León
Funding
Series A Mouro Capital (Lead)

USD 16M Foundation Capital

round info round investors

USD 24.6M
total raised

K ey Data
400% to 600%
2021 projected revenue growth
605%
2019 - 2020 revenue growth

Klar General Atlantic

FINTECH Series B + 3 investors

Moons USD 9.0 M

HEALTHTECH Dila Capital

Clara USD 5.0 M Ariel Lambrecht

FINTECH + 3 investors

Want the complete

funding list?
A world of data awaits
All market data, all deals, M&As and much more.

Get a free trial to Sling Hub!

02. M&A

10

5
5
3
2

1 1 1
0

Acquisitions Merges

Acquisition
Buyer
travel
Rotamundos
Puebla, founded in 2016

Acquiree
traveltech
Octopus24
Puebla, founded in 2016

Amount Percentage
No Data No Data
Payment Statistics
No Data 1st acquisition

Previous investors
No Data

More reports like this?

Talk to our team!
Monthky reports directly into your phone

Talk to us!

Something went wrong?

f you found something unexpected or broken,

we'd love to have your feedback on this report

p roceed to feedback

Y ou reported, we fixed it!

Sometimes, we just don’t get it right.
Thankfully we have our community to help
us keep improving the quality of our data!

M ercado itcoin ndin

B fu g
The startup had their Series A in Jan, 2021,

Mercado Bitcoin is in Top 3 fastest Series A to

Series B in Olympic Games Report

Who we are
Sling Hub is the largest data platform
about Latin America startups Ecosystem.

A 360º view of +19.000 Brazilian &

Mexican startups


Filters

20 filters to help you find the startup you

are looking for

Metrics

Technology, per formance, site traffic,

Google Play and App Store review



Export do Excel

Get up to 400 data info about startup in

excel.

Financials

Get acess to exclusive information about

startup revenue, valuation, pitch deck,
and much more

Compare

Check how a specific startup compare

against other startups in theirs industry or
team size

M&A and Funding

Stay up to date with all funding and M&A

in the ecosystem.

Clients

Get exclusive acess to the list of clients of

a specific startup.

HaaS (Hunter as a Service)

An customized and advanced search

query into our database. You name the
problem, we deliver the best solutions.

www.slinghub.io

The industry standard

O Globo used Sling to show what
is going on in startups investment
30

June

PARANÁ PORTAL used Sling Hub

10

data to show how startups are on

June the rise

Important note!
All funding and M&A currency value have been
converted into USD. The exchange rate is
related to the deal date

O ur mission is to organize the

information about Latin
America startup ecosystem to
facilitate the interaction
among its players