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Founded in 2015, Jump Brasil is an initiative of Porto Digital Management Unit (NGPD), the State of Pernambuco through its Department of Science and Technology (SECTEC), Jereissati Participations S.A and the Brazilian Talent Institute (ITB). Its acceleration program aims to provide support for startup development over a period of five months, through training, mentoring and coaching. It also invests BRL 40K in exchange for 6% to 12% of each company.
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The Ultimate Guide to Venture Capital in Brazil [Updated 2020]
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]
Brazilian edtech, Gama Academy, raises US$710,000 to boost its program
Contxto – Edtech Gama Academy raised an investment for R$3 million (over US$710,000) and made the announcement this week. The round was led by São Paulo’s Smart Money Ventures. This startup offers programs to people and companies looking to hone their skills in software development, UX/UI design, sales, and marketing. Gama Academy reportedly grew at […]
It’s official: fintech Nubank has 20 million customers
Contxto – For Brazilian fintech Nubank, January 20, 2020 will be a date to remember. As that’s the day it announced a new milestone: it has 20 million customers. This number is divided between customers that have a NuConta (the startup’s digital bank account) under their name and people registered for its annuity-free credit card. […]
Lawsuits in Brazil continue for consumer-defending startups
Contxto – In Rio de Janeiro, a pair of lawsuits continue for two startups that handle consumer complaints against airline companies. The plaintiff in both instances is the local Brazilian Bar Association (OAB-RJ) and the defendants are LiberFly and QuickBrasil. These startups offer financial compensation to consumers who’ve had a flight canceled or delayed. And […]
Panama’s smart locker startup Boxit expands to Brazil
Contxto – A new alternative to purchasing and receiving goods from the web has emerged. Betting on Smart Lockers instead of home delivery, as the current trend dictates, Boxit has proposed a new option for the Brazilian eCommerce market. Almost there but not quite Born in Panama, Boxit is a startup that allows users to […]