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For example, fintech startup Nubank (which received a M Series C in January 2016) has raised .3M in funding to date.
With Brazilian tech companies starting to gain momentum, we used CB Insights data to highlight 11 early-stage Brazilian tech companies to keep an eye on.
It works through a simple interface that allows users to swipe right to ‘like’ or left to ‘pass’.
These are startups that have raised funds within the last 12 months but have not yet raised a Series B round.
We used CB Insights Mosaic algorithm, which tracks the health of private companies, to identify some early-stage companies in the seed and Series A stage with traction.
(Mosaic has three components, which gauge a company’s health in terms of financing, industry category, and overall momentum.) Startups here are addressing digital health, e-commerce, logistics, and more.
Among the startups on our list is dr.consulta, a digital health company that has raised roughly .9M to date, making it the most well-funded company on our list.
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Data released yesterday (December 15th) by the Brazilian Institute of Geography and Statistics (IBGE) shows that more than fifty million Brazilians, nearly 25 percent of the population, live below the poverty line, and have family incomes of R$387.07 per month - approximately US$5.50 a day.