The Mexican unicorn Kavak announced the start of its operations in Brazil with an investment of more than 500 million dollars.

“Our business model is growing fast, due to our ability to formalize the pre-owned car market through data technology and artificial intelligence, which allows us to streamline the car buying and selling process; reduce reconditioning time and evaluate the different financing options, in addition to eradicating fraud risks by eliminating dealing with third parties and granting guarantees in a sector that registers various types of crimes due to informality in transactions ”, stated Carlos García Ottati , CEO of the company for the sale and purchase of pre-owned cars.

 

Via Entrepreneur

 

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Pipo Saude, a startup that developed a platform that sells and manages healthcare benefits for Brazilian companies, has raised $20 million in a Series A round of funding.

Joshua Kushner’s Thrive Capital led the round, marking the first time the New York-based venture firm has led an investment in a Brazilian startup. (Although, notably, Thrive has also put money in Nubank and Loft.)

 

By Mary Ann Azevedo via Tech Crunch

 

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Brazil has created a cyberattack response network aimed at promoting faster response to cyber threats and vulnerabilities through the coordination between federal government bodies.

Created through a presidential decree signed on July 16, the Federal Cyber Incident Management Network will encompass the Institutional Security Office of the presidency as well as all bodies and entities under the federal government administration. Public companies, mixed capital companies and their subsidiaries may become members of the network on a voluntary basis.

 

By Angelica Mari via ZD Net

 

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In relation to what the country produces in this season of 2020/2021, the increase in production until 2030/2031 should be 71 million tons, an increase of 27.1%, at a growth rate of 2.4% per year. Soybeans, second crop corn and cotton should continue to drive growth.

The numbers are from the study Projections of Agribusiness, Brazil 2020/21 to 2030/31 , carried out by the Secretariat of Agricultural Policy, of the Ministry of Agriculture, Livestock and Supply (Mapa), by the Secretariat of Intelligence and Strategic Relations, of the Brazilian Research Corporation Agriculture (Embrapa), and by the Department of Statistics, University of Brasília (UnB).

 

By Brazil’s Ministry of Agriculture, Livestock and Supply via The Pig Site

 

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BRASILIA, July 26 (Reuters) – Consumer confidence in Brazil rose in July to a nine-month high, a survey indicated on Monday, a fourth consecutive increase fueled more by future expectations than sentiment around the current situation.

The Getulio Vargas Foundation’s (FGV) consumer confidence index rose to 82.2 points from 80.9 in June, reaching the highest since October last year, FGV said.
By Jamie McGeever via Reuters

In July, Brazilian airlines registered the third consecutive month of growth in the national air network, with an average of 1,624 daily departures, or the equivalent of 67.7% of the flight offer at the beginning of March 2020, in face of the severe impacts of the pandemic in the sector.

The growth compared to the 1,230 daily departures in June is of 16.4 percentage points. The data were collected by the Asociación Brasileña de Aerolíneas (ABEAR), with data from the National Civil Aviation Agency (ANAC), and published in our partner media in Brazil, Aeroin.net.

 

By Edgardo Gimenez Mazó via Aviacionline

 

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Brazilian telecommunications company Algar Telecom, a telecommunications and technology company belonging to the Algar Group, has just launched Controle de Ponto, an electronic timesheet digitalization solution, developed in partnership with Tangerino, a company specializing in workday management technology.

The solution was created for micro and small companies (MPE), a segment that lacks automation of the journey management, and has data stored in the cloud and an intuitive and agile interface.

 

By Shailaja Pai via Developing Telecoms

 

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For the first time in eight months, the rate of Covid cases in Brazil is decelerating. The country was in a flat or accelerated stage since November last year, but this situation has reversed with the advance of vaccination.

The conclusion comes from Folha‘s Covid acceleration monitor. The platform measures the variation of newly infected people in the last 30 days, based on a statistical model developed by USP researchers Renato Vicente and Rodrigo Veiga.

 

By Kiratiana Freelon via Folha de S. Paulo

 

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Brazilian startups attracted record levels of investment as the ecosystem matures with international funds rushing to seize opportunities in the Latin American country, according to research.

During the first six months of 2021, a total of $5.2 billion was invested in startups based in Brazil, according to numbers released by open innovation network Distrito. By comparison, the total invested in the whole of 2020 – which was considered to be the best year on record for the ecosystem until recently – reached $3.5 billion.

 

By Angelica Mari via Forbes

 

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SAO PAULO, July 19 (Reuters) – Brazil’s Agrogalaxy Participacoes launched an initial public offering (IPO) on Monday aiming to raise roughly 385 million reais ($75.27 million), a securities filing from the agricultural supplies retailer showed.

The company set its price range at between 13.75 reais and 16.50 reais. The final price will be set on July 22.

 

By Carolina Mandl via Yahoo Finance

 

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We are very pleased to announce that Chambers & Partners, one of the international legal market’s most relevant institutions, has featured Mattos Filho in its Chambers Brazil 2021 rankings.

In the Industries & Sectors chapter we are ranked across the highest number of categories (12) with the highest number of recognized professionals (26) among all Brazilian law firms.

 

Read the full document here

July 19 (Renewables Now) – The Brazilian unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with local steel producer Gerdau SA (BVMF:GGBR4) to develop a 190-MW direct current (DC) solar project in Minas Gerais state.

The companies have signed an agreement establishing the guidelines for the implementation of a 50/50 joint venture (JV) in relation to the project.

 

By Lucas Morais via Renewables Now

 

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Despite President Jair Bolsonaro’s attacks on immunization against Covid-19, support for vaccines against the disease continues to grow in Brazil and reached a record level, 94% of the population, according to Datafolha research.

Datafolha surveyed 2,074 people aged 16 and over in 146 cities across the country on July 7th and 8th. The margin of error is plus or minus two percentage points.

 

By Angela Pinho via Folha de S. Paulo

 

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Carta do CEO

O ano de 2020, tão atípico e difícil, reforçou a importância de sermos um escritório fundamentado em uma cultura e em valores sólidos. Acreditamos que esse foi um elemento fundamental para enfrentar o momento e possibilitou uma aproximação ainda maior de nossas pessoas e dos nossos clientes, ajudando a garantir a sustentabilidade do nosso negócio.
Em 48 anos, nunca havíamos vivenciado uma crise tão inesperada e desafiadora. A pandemia exigiu de nós uma reavaliação de antigos hábitos como forma de nos ajustarmos à nova realidade, direcionando também nossos esforços para continuar gerando impacto positivo para a sociedade.
Compartilhamos nas próximas páginas deste relatório as ações realizadas pela nossa área de Responsabilidade Social Corporativa (RSC) para que 2020 fosse transformador para muitas pessoas, sendo um dos destaques do ano, o compromisso do escritório com o Pacto Global. Por meio dele, reforçamos nosso apoio contínuo à organização e iniciamos formalmente nosso
compromisso com a iniciativa e seus princípios.
Esperamos que todos os cenários sigam melhorando de agora em diante e que possamos dar continuidade à nossa trajetória com muita saúde, diversidade, ética e orgulho.

Tito Andrade
Sócio-Administrador

 

Leia o Relatório Completo

Brazil is projected to retain its position as the largest soybean producer over the next decade. In the 2020/21 season, Brazil produced a record of 4,994 million bushels of soybeans, up 8.9% from last season’s record crop of 4,587 million bushels, according to data from the National Supply Company (Conab). The area harvested this season is also at a record of 95.16 million acres, up 4.2% from last season. The growth Brazilian acres are expected to be continue higher than the United States and Argentina, two of the other major producers of soybeans. In addition, recent advances in logistics, such as on the railroad called the North-South, should create opportunities to improve competitiveness in the transportation sector.

 

By Joana Colussi and Gary Schnitkey via Farmaco Daily

 

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July 13 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 500-kV transmission line in Brazil that will enable the evacuation of electricity from a 69.3-MW portion of the 471-MW Chafariz wind complex.

With 20 wind turbines, the 69.3-MW portion is currently in its testing phase, Neoenergia announced on Monday.

 

By Lucas Morais via Renewables Now

 

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Flash, a startup that has developed a flexible benefits platform for Brazilian companies and employees, has raised $22 million in a Series B round of funding led by Tiger Global Management.

Monashees (which led Flash’s Series A), Global Founders Capital (who backed Flash’s seed round), Citius and Kauffman Fellows also participated in the financing.

 

By Mary Ann Azevedo via TechCrunch

 

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July 12 (Renewables Now) – The Brazilian government officials and representatives from Spanish PV sector player Solatio Energia on Friday inaugurated a solar power complex that will add 810 MWp once fully up and running.

Solatio, a company with more than a decade-long presence in Brazil, is installing the BRL-3-billion (USD 570.3m/EUR 480.6m) three solar-farm project in the state of Pernambuco.

 

By Lucas Morais via Renewables Now

 

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he Argentina-Brazil FOB soybean meal basis spread widened to a record as weakening export demand and a shallow Parana River put pressure on Argentina’s premiums for nearby loadings.

The spread reached $20/st July 6-7, with the basis for August loading in Argentina’s Up River cargo market assessed at parity July 6 and at plus $1/st July 7 to the correspondent Chicago Board of Trade contract. In Brazil’s Paranagua paper market, the basis for the same month was assessed at plus $20/st July 6 and plus $21/st July 7, S&P Global Platts data showed.

 

By Jose Roberto Gomes via S&P Global Platts

 

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French renewable energy company Qair has signed an initial deal to build an offshore wind farm to support green hydrogen production in the northern Brazilian state of Ceará, the state government has announced.

Under the memorandum of understanding (MoU) signed this week with state governor Camilo Santana, the company’s Brazilian subsidiary would build the 1,216MW Dragao do Mar wind development on the state’s continental shelf. Electricity from the turbines would supply an electrolysis plant with the capacity to produce 296,000 tonnes a year of green hydrogen to be located at the Pecém Port Complex in Ceará.

 

By Tom Azzopardi via Wind Power Monthly

 

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BRASILIA, July 7 (Reuters) – Brazilian health regulator Anvisa on Wednesday gave the go-ahead for the Butanvac COVID-19 vaccine developed by Sao Paulo’s Butantan Institute biomedical center to be used on volunteers in clinical trials.

Anvisa in a statement said the vaccine will be applied in two doses, 28 days apart. Phase I of Butanvac’s clinical trial will involve 400 volunteers, and the first two phases are expected to involve 6,000 volunteers in total.

By Jamie McGeever via Reuters

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SAO PAULO–Brazil retail sales rose in May, the second consecutive month of growth, as the gradual easing of social distancing measures in many parts of the country allowed consumers to get out and spend more.

Sales increased a seasonally adjusted 1.4% in the month and rose 16% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday. In April, sales climbed a revised 4.9% in the month and jumped a revised 23.7% from a year earlier.

 

By Jeffrey T. Lewis via  Market Watch

 

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The anhydrous ethanol spot premium over hydrous in Brazil’s Center-South traded at 13%, S&P Global Platts’ assessment showed July 6, down from the 14% average anhydrous premium in term contracts for the Center-South 2021-22 crop.

Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.

 

By Nicolle Monteiro de Castro via S&P Platts

 

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As discussions over gender and racial inequality in the technology sector gather pace in Brazil, a group of entrepreneurs is working to address these issues by training black women in careers in user experience (UX) and connecting them with employers.

UX Para Minas Pretas (UXMP), which in Portuguese translates to “UX For Black Girls” was created by Karen Santos in 2019. The São Paulo-based company aims to provide technical and professional training to black women, as well as the community support required to develop a career in the field of UX, which focuses on how a user interacts with and experiences an product, system or service online.

 

By Angelica Mari via Forbes

 

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After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country’s latest unicorn, the name given to technology companies worth more than US$ 1 billion.

With a US$ 2.1 billion valuation, the company is also the first crypto unicorn in Brazil. With the transaction, announced on Thursday (1), 2TM Group, the holding controlling Mercado Bitcoin, became the eighth most valuable unicorn in Latin America, the company noted, based on Crunchbase data.
By Angelica Mari via Forbes

Mattos Filho’s performance has been highlighted in two of the international legal market’s most renowned publications this week.

In IJGlobal 2020, we featured in the highest number of recognized cases among all Brazilian law firms in the Mining Latin America, LNG-to-power Latin America and Water Latin America categories. IJGlobal 2020 recognizes the most relevant and complex project financing transactions carried out in the Americas.

Meanwhile, the IFLR 1000 – which classifies firms with outstanding performance in corporate and financial transactions – ranked Mattos Filho as a Tier 1 firm in the Capital Markets Equity, Capital Markets Debt and Investment Funds categories.

Such recognition reinforces the success of our collaborative and multidisciplinary work model, always aiming to offer clients strategic and innovative solutions.

 

Mattos Filho

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