The 2022 edition of World Tax has classified Mattos Filho as Tier 1 in three categories: General Corporate Tax, Tax Controversy and Transactional Tax. Produced in association with the International Tax Review (ITR), World Tax is one of the main rankings recognizing the best firms and professionals in the tax practice area.
Twelve of our professionals were also recognized by the publication – the highest number among Brazilian law firms – with 20 recognitions in three areas: Tax Controversy, Indirect Tax and Woman in Tax.

We are proud to receive this recognition, which reinforces Mattos Filho’s commitment to maintaining a high level of excellence in all the services we provide our clients.


Nesta segunda-feira, 27 de setembro, é comemorado o Dia Mundial do Turismo. Após um ano e meio de pandemia, o setor foi um dos que mais sofreu com as restrições e medidas de isolamento impostas para evitar a disseminação do novo coronavírus. Ainda que a pandemia tenha afetado as fortunas de empresários por trás de companhias aéreas, redes de hotéis e operadoras, o segmento segue presente na última edição da lista da Forbes de bilionários brasileiros.

David Gary Neeleman, fundador e principal acionista no Brasil da Azul Linhas Aéreas, é o nome do turismo mais bem colocado no ranking. Com fortuna estimada em R$ 7,42 bilhões, ele aparece no 69o lugar. Neeleman também é sócio da portuguesa TAP e opera, desde 2018, a Moxy Airways, companhia norte-americana de voos low cost.

By Mariangela Castro via Forbes Brasil.

Read full article here.

Our member PwC invites you to their webcast: New Perspectives | FPIs – Regulatory Environment

In this meeting “New Perspectives” they will discuss the following topics:

– SEC administration updates
– Regulatory changes impacting FPIs in relation to 2021
– Cybersecurity
– SEC Comment Letters
– Current Audit Challenges and the Future of Audit

Their webcast is live, interactive, completely free and open to the public that wants to join.

Questions can be sent in English, Portuguese, Spanish or French.

AGENDA (São Paulo Time)
10:30 – 10:50 Initial Survey
10:50 – 11:20 Presentation – Guilaine
11:20 – 11:35 Interview – Manuel
11:35 – 12:30 Interview – Jonathan and Guilaine
12:30 – 12:45 Final Test

Click here to register.

In analyzing Latin America’s main law firms, the 2021 edition of the Latin Lawyer 250 guide has recognized Mattos Filho as an ‘Elite’ firm, classifying its performance as ‘Outstanding’ in five different categories – Listed Work Areas, LACCA Approved Rankings, Large Company Clients, M&A Deals and Capital Markets Deals. This was the highest number of ‘Outstanding’ classifications of any Brazilian law firm. “Mattos Filho has raised itself to the pinnacle of the Brazilian legal market”, says the institution, one of the most prestigious in the sector.

Our firm received the highest number of recognitions in Who’s Who Thought Leaders — Brazil, which evaluates professionals’ standards of excellence and their capacity to innovate and inspire the sector. In all, 30 of Mattos Filho’s professionals received a total of 35 individual recognitions across 21 different categories.

Mattos Filho was also featured in’s The Global 200 rankings. Of the 200 largest firms in the world, we were the highest-ranked Brazilian firm in terms of number of lawyers.

We would like to extend our gratitude to these institutions for their recognition of our work, which is rooted in the values of excellence, innovation and collaboration. We also congratulate our professionals, whose efforts are fundamental to the firm’s success.

PwC’s Global Crisis Survey 2021 examines the worldwide business community’s response to unprecedented social, economic and geopolitical disruption.

From altering corporate strategy to swiftly reshaping production capabilities, how did organizations react? How are businesses integrating what they’ve learned into a strategy for long-term resilience?

More than 70 percent of respondents said their business was negatively impacted by the crisis, and 20 percent said the crisis had a positive impact. What common threads are there among companies that are emerging stronger and those that are struggling to tread water?

Charting a resilience roadmap for 2021

Between 20 August 2020 and 25 January 2021, organizations representing 73 countries and 29 industries shared their observations. This year’s Global Crisis Survey is our second collection of corporate crisis data and analysis.

By PwC.

Learn more here.

U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel.

Raimondo said the decision announced Monday to allow fully vaccinated foreign nationals to fly to the United States “is huge. I think it will really be a boost to our economy, it will certainly be a boost to travel, tourism, hospitality.” To address COVID-19 concerns, the U.S. has barred most foreign nationals from coming to the United States who have recently been in 33 countries including China, South Africa, Brazil, India and much of Europe.

Reporting by David Shepardson; Editing by Leslie Adler via Reuters.

Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday its subsidiary Eve has signed a memorandum of understanding to sell up to 100 electric aircraft to lessor Bristow Group (VTOL.N), sending Embraer shares higher, in the latest sign of dealmaking in the nascent “flying taxis” sector.

Brazil-listed Embraer shares, which were also boosted by an upgrade to “buy” from “neutral” by analysts at Goldman Sachs, jumped 11.75% to 23.80 reais in early trading in Sao Paulo.

Embraer said in a securities filing that Eve will deliver the first vertical takeoff and landing (eVTOL) aircraft to Bristow by 2026. Both companies will develop an urban mobility model to operate the aircraft, focusing on areas such as regulatory development, eVTOL certification and autonomous operation.


Read full article here.

Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins.

Leading Brazilian investment bank BTG Pactual has launched a new platform that enables customers to make direct investments in cryptocurrencies.

The bank’s Mynt platform currently allows users to purchase Bitcoin (BTC) and Ether (ETH), with BTG Pactual expressing its intention to launch support for additional crypto assets in the future. Andre Porthilo, BTG Pactual’s head of digital assets, stated:

“At this first moment, we will have the two main assets of the market, but we will include other cryptos for trading over time. We will have a complete platform with blockchain-based assets.”

BTG Pactual CEO, Roberto Sallouti, described Mynt’s creation as being in response to “demand from our customers who wish to trade crypto.”

Sallouti added that Mynt plans to host education content designed to inform new users about cryptocurrencies and blockchain technology, stating: “As a new asset class, we will also have content to educate and inform our customers about these assets and the technology.”

Read full article here.

We have featured at the ITR Americas Tax Awards 2021, which recognizes important transactions and the performance of leading companies, law firms, and professionals in the tax area. This year’s edition saw Mattos Filho recognized for our work in Stone Pagamentos’ acquisition of Linx, with the transaction awarded in the ‘Impact Deal of the Year’ category.

We are delighted to receive this recognition, which serves to reinforce our commitment to excellence and collaboration in offering efficient and innovative legal solutions.

Learn more here.

The United States will reopen in November to air travelers from 33 countries including China, India, Brazil and most of Europe who are fully vaccinated against COVID-19, the White House said on Monday, easing tough pandemic-related restrictions that started early last year.

The decision, announced by White House coronavirus response coordinator Jeff Zients, marked an abrupt shift for President Joe Biden’s administration, which said last week it was not the right time to lift any restrictions amid rising COVID-19 cases.

The United States had lagged many other countries in lifting such restrictions, and allies welcomed the move. The U.S. restrictions have barred travelers from most of the world including tens of thousands of foreign nationals with relatives or business links in the United States.

The United States will admit fully vaccinated air travelers from the 26 so-called Schengen countries in Europe including France, Germany, Italy, Spain, Switzerland and Greece, as well as Britain, Ireland, China, India, South Africa, Iran and Brazil. The unprecedented U.S. restrictions have barred non-U.S. citizens who were in those countries within the past 14 days.

By  and 

Read full article here.

A new agreement will see the expansion of Brazil’s public Wi-Fi hotspots network to improve public service provision in locations lacking Internet connectivity.

Under the technical cooperation agreements signed between the Banco do Brasil Foundation and the Brazilian Micro and Small Business Support Service (SEBRAE) with the Ministry of Communications, some 1,000 locations nationwide will benefit from approximately 500 new Wi-Fi hotspots to be implemented by 2022.

The current free Wi-Fi network with satellite-based Internet consists of over 14,000 hotspots across 3,000 Brazilian municipalities, mostly located in the North and Northeast of Brazil. Some 11,000 schools use the hotspots, as well as 1,000 healthcare facilities and 475 Indigenous communities.

By Angelica Mari for Brazil Tech

Read full article here.

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on September 14, 2021 at the age of 73, of Celso Silveira Mello Filho, shareholder of Cosan SA and brother of Cosan Chairman Rubens Ometto Silveira Mello (2014 Person of the Year honoree).  Mr. Mello Filho tragically perished in an aviation accident in Piracicaba, São Paulo, along with his wife, Maria Luiza Meneghel; three children, Celso, Fernando, and Camila; pilot Celso Elias Carloni; and co-pilot Giovani Gulo, while en route to Pará, the location of Cosan’s headquarters.  Cosan is a longtime and steadfast supporter of the Chamber and our hearts go out to the entire Cosan family during this time of unimaginable loss.

Born into the sugar-alcohol industry, Mr. Mello Filho graduated in Economics from Universidade Mackenzie in São Paulo and began his professional career alongside his brother.  His work began at the family’s first plant, the Costa Pinto unit (now the headquarters of the fourth largest company in Brazil, Raízen, a joint venture between Cosan Group and Shell).  Together, the brothers helped build Cosan into an energy and infrastructure giant and one of Brazil’s largest holding companies.

Rubens Ometto Silveira Mello remembers his brother as dedicated and competent – someone who liked being involved in daily business operations: “He was a jokester, communicative and well-loved in Piracicaba.  I was born at the plant, but he was much more of a man of the countryside and the land than I.”

Mr. Mello Filho is survived by six grandchildren, two daughters-in-law, and one son-in-law.  More information on his life and legacy can be found below.

Luiza Helena Trajano, the Brazilian recipient of the 2020 Person of the Year Awards of the Brazilian-American Chamber of Commerce, Inc., based in New York City.

Businesswoman is the only Brazilian among the 100 names of 2021 elected by the American magazine

Businesswoman Luiza Helena Trajano, Chairman of the Board of Directors of Magazine Luiza, was elected by the American magazine Time as one of the 100 most influential people in the world. She is the only Brazilian on the 2021 list.

Some names on the list are British Prince Harry and his wife Meghan Markle, Japanese tennis player Naomi Osaka, American gymnast Simone Biles, US President Joe Biden, and his vice Kamala Harris, Chinese leader Xi Jinping, Russian opponent Alexei Navalni, singers Britney Spears and Billie Eilish, and Taliban leader Abdul Ghani Baradar.

Translated by Kiratiana Freelon via Folha de São Paulo.

Read full article here.

Read the article in the original language

A 25ª edição do Inffinito Film Festival chega ao fim no sábado, dia 18, com uma noite de premiação no New World Center Soundscape Park, em Miami Beach. O maior e mais importante festival de cinema brasileiro realizado no exterior começou no dia 4 de setembro e presenteou o público com um grande evento, em formato híbrido, com mostras de filmes e shows ao ar livre em Nova York e Miami e a exibição das produções das mostras competitivas através da em todo o território americano. 

A festa de encerramento tem entrada gratuita e começa às 18h, com a apresentação do DJ Lupa e um pocket show da dupla de irmãos cariocas Jhonny’s, às 18h45. Os dois trazem a união do deep house com guitarra e eletronic pads, levando o groove brasileiro para os Estados Unidos. A premiação da Lente de Cristal aos filmes vencedores das mostras competitivas começa às 19h30, quando também será exibida a homenagem feita pelo Canal Brasil para Marieta Severo. Às 20h30, será apresentado o documentário “Neojibá- Música que Transforma”, de Sérgio Machado e George Walker Torres. O filme conta a trajetória do NEOJIBA – Núcleos Estaduais de Orquestras Juvenis e Infantis da Bahia, um dos mais bem sucedidos projetos de inclusão social do Brasil. A programação termina com uma After Party no Lobby Bar do Nautilus by Arlo Hotel, às 22h, com apresentação do DJ Lupa.

18 de Setembro – Noite Premiação Cinema ao Ar Livre – Evento Gratuito

Local: New World Center Soundscape Park – 500 17th Street, Miami Beach, FL 33139

• 6:00 PM – Início do evento com DJ Lupa 

• 6:45 PM – Jhonny’s pocket show

• 7:30 PM – Premiação da Lente de Cristal aos filmes vencedores das Mostras Competitivas 

• 8:30 PM – Exibição Premiere EUA – Neojibá- Música que Transforma de Sérgio Machado e George Walker Torres 

Documentário | 2021 | 80 min


O documentário apresenta a inacreditável trajetória do NEOJIBA – Núcleos Estaduais de Orquestras Juvenis e Infantis da Bahia, um dos mais bem sucedidos projetos de inclusão social do Brasil. Sua orquestra juvenil, formada por jovens baianos em situação de vulnerabilidade social, é internacionalmente aclamada por sua excelência e originalidade. O filme revela as dificuldades e conquistas dos jovens músicos, as mudanças que a prática instrumental promove em suas vidas e como isso impacta suas famílias e comunidades.

Patrocínio: Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Garcia Family Foundation e Titanio Films

 Embaixadoras Inffinito: Laura Fernandes, Liliana Kawase e Renata Garcia

 Cia Aérea Oficial: American Airlines

 Hotel Oficial: Gansevoort

Apoio: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão e ATC Cargo

Bebidas oficiais: Johnnie Walker, Don Julio e Ciroc

Apoio de Mídia: AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl e Canal Brasil

Amigos do Festival: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce, Rhythm Foundation, Rio’s Pet Spa & Boarding, Nautilus Hotel, Neiman Marcus, Amore Pacific e Centro Cultural Brazil USA

Promoção: GloboPlay

Realização e produção: Inffinito

On September 6, 2021, the New York State commissioner of health designated COVID-19 as a highly contagious communicable disease, thereby triggering certain requirements under the New York Health and Essential Rights (HERO) Act.  Previously, employers were required to adopt an airborne infectious disease exposure prevention plan by using the state’s model plan or drafting a plan that met the state’s minimum requirements, but employers were not obligated to implement the plan. With the commissioner of health’s formal designation of COVID-19 as a “highly contagious communicable disease” (a designation heralded by New York Governor Kathy Hochul), employers must now implement their New York HERO Act airborne infectious disease exposure prevention plan. This plan includes certain safety measures for the workplace, such as scheduled housekeeping and disinfection schedules, providing PPE to employees, and requiring health screenings for all employees.

What to do?

Once activated with the designation of a highly contagious communicable disease, the NY HERO Act requires employers to:

  • Immediately review and update their plan to ensure it incorporates current information, guidance, and mandatory requirements issued by federal, state or local governments related to COVID-19;
  • Finalize and promptly activate their HERO Act plan;
  • Provide a verbal review of the plan and provide training to employees;
  • Provide each employee with a copy of the plan; and
  • Post a copy of the plan in a “visible and prominent location” available to employees on all shifts.

Continuing Obligations

The designation of COVID-19 as a highly contagious communicable disease is set to expire on September 30, 2021, unless continued by the commissioner of health. Employers must ensure their plan is being effectively followed by:

  • Designating one or more supervisory employees to enforce compliance with the plan;
  • Monitoring and maintaining exposure controls; and
  • Regularly checking for updated information and guidance provided by the NY State Department of Health and the Centers for Disease Control and updating the plan to reflect recommended changes in control measures.

As of the date and time of this publication, the state has not issued any additional guidance as to the timing of when these requirements must be met, or addressing other issues, such as to what extent that employees’ vaccination status may affect their facemask and social distancing requirements under a plan and the HERO Act’s airborne infections disease prevention standards.  Employers are encouraged to consult with counsel to work through questions that may arise, to review and update existing prevention plans and to develop training strategies, and to stay apprised of the continually changing legal landscape regarding COVID-19.

By Lisa M. Griffith and Sanjay V. Nair via Littler

Read full article here.

Other related articles:

New York HERO Act Requires Workplace Safety Measures

NY DOL Publishes its Airborne Infectious Disease Exposure Prevention Plan in Accordance With the NY HERO Act

Change remains a constant in FS risk & regulation. Here’s “our take” on key developments impacting the industry.

Current topics – September 2021

These notable developments hit our radar over the past two weeks:

  • IOSCO issues warning over credit-sensitive alternatives to USD LIBOR. On Wednesday, the International Organization of Securities Commissions (IOSCO) called on greater attention to its principles on financial benchmarks. The statement directly appeals to administrators of credit-sensitive rates (CSRs) that have recently been proposed as additional replacement options for LIBOR, supplementing the risk-free rates recommended by the various national working groups. Specifically, IOSCO highlights that benchmarks will need to adhere to its principles relating to the relative size of a benchmark’s underlying market and its ability to accurately and reliably represent that market. Banking regulators both in the US and UK have recently been vocal about their concerns that CSRs might not be sufficiently robust, and that their similarities to LIBOR, including the relatively low volume of underlying transactions, might eventually pose many of the same challenges that ultimately led to LIBOR’s demise.

          Subscribe to PwC’s LIBOR Transition Market Update here to read more about these and other developments.

  • CFTC Commissioner Dan Berkovitz to depart. Yesterday, CFTC Commissioner Dan Berkovitz announced that he plans to step down on October 15, 2021. Following his departure, the agency will have only two of its five seats filled, with Democrats and Republicans each having one representative. President Biden will then be able to appoint three new Commissioners, although one of the appointments must be from the Republican party. He can also decide whether to select one of the nominees as Chair or nominate current Acting Chair Rostin Behnam to fill the role on a confirmed basis.

By PwC

Read full article here.

Ana Paula Pessoa

Zurich-based Credit Suisse is appointing Ana Paula Pessoa as its chair in Brazil, effective from January, it said in an emailed statement. Pessoa, who is a director on the Swiss bank’s board, is to replace Ilan Goldfajn, who is taking a top job at the International Monetary Fund under Kristalina Georgieva, according to a separate statement.

Formerly Brazil’s top central banker, Goldfajn joined Credit Suisse two years ago to underpin its investment banking ambitions. His exit comes shortly alongside that of long-standing country chief José Olympio Pereira earlier this year. Goldfajn is leading the search to replace Pereira.

Rich Tradition

Pessoa is a 54-year-old Brazilian former media executive who also sits on various corporate boards including Rupert Murdoch’s News Corporation and France’s Vinci Group. She said in a statement that she will help Credit Suisse «seek new opportunities and strengthen our local presence.»


Read full article here.

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Mr. Ilan Goldfajn as Director of the Fund’s Western Hemisphere Department (WHD). Mr. Goldfajn will assume his role as the head of the IMF’s department in charge of relations with member countries in the Americas on January 3, 2022. He will succeed Alejandro Werner, whose retirement from the Fund was previously announced.

“I am delighted that Ilan will join our team as the new WHD Director. He has an impressive experience in the public and private sectors and is highly respected as an academic. His proven track record as a policymaker, communicator, as well as his depth of knowledge as an international finance executive and his familiarity with the Fund’s work will be invaluable in helping our member countries in the region,” Ms. Georgieva stated.

Mr. Goldfajn was Governor of the Banco Central do Brazil (BCB) from May 2016 until February 2019. During his tenure at the BCB, he oversaw implementation of significant regulatory changes that opened the door to new players in the financial services industry, spurred innovation and digitalization, and fostered the growth of fintech companies that has had a positive impact on Brazil’s financial sector. In 2017, he was elected Central Banker of the Year by The Banker magazine; and the year after, he was named Best Central Banker by Global Finance magazine.

PRESS OFFICER: RAPHAEL ANSPACH via IMF Communications Department

Read full article here.

Increased vaccination rates and the easing of COVID-19 restrictions in many countries have lifted economic forecasts and improved the outlook of CEOs in the industrial manufacturing and automotive (IM&A) sectors. For businesses and investors alike, the uncertainty that characterized most of 2020 appears to have been replaced with a clearer vision of future demand.

With that in mind, many companies have already reassessed their strategies and are looking to M&A to realign their portfolios accordingly to create value. The most successful among them will be those with the financial strength and strategic foresight to take advantage of deal-making opportunities and execute on structured value-creation plans.

Para consolidar os planos de expansão internacional, a Ornare, famosa por ser referência em móveis sob medida,  conta com os jovens Pitter Schattan e Stefan Schattan, a segunda geração de comando da empresa que os brasileiros tanto amam. A partir de agora, os irmãos cuidam das aberturas de franquias fora do Brasil: Estados Unidos, Europa e Ásia. Puro orgulho para os pais Murillo e Esther Schattan.

By Michel Telles via Farol da Bahia.

Read full article here.

Venham ouvir a história de sucesso e a experiência profissional do empresário brasileiro Carlos Brito, CEO da Anheuser-Busch InBev de 2008 a 2021.

Carlos Brito liderou com sucesso uma empresa com cerca de 170 mil funcionários em 50 países e em torno de 500 marcas vendidas em mais de 100 países.

Bio de Carlos Brito

Venham conversar! Venham se inspirar!

Será uma oportunidade para todos se motivarem a abrir e manter seu próprio negócio e a vencer no mercado de trabalho!

Conversas Inspiradoras
Dia: 28 de setembro, terça-feira, às 17h
Local: Consulado-Geral do Brasil em Nova York – 225 East 41st Street, NY 10017
Registre-se pelo link

Garanta a sua vaga! A palestra será seguida de coquetel de networking para seguirmos conversando!

A capacidade será limitada, em função das medidas de distanciamento social.


In February 2013, US Airways announced that it would merge with American Airlines to create the world’s largest airline. During the acquisition integration process, CEO Doug Parker had to determine how best to combine the two airlines’ core systems, operating processes, and leadership teams, as well as the appropriate scope and speed of strategic changes. Parker knew that his choices would send important signals to employees, customers, and competitors.

by David G. Fubini David A. Garvin Carin-Isabel Knoop via Harvard Business Review.

Read full article here.

We are very pleased to announce the arrival of two more partners to our firm. Gustavo Swenson has joined our Life Sciences and Healthcare practice, while Tomás Neiva is now part of our Corporate/M&A practice.

These areas have become more and more relevant in the wake of the coronavirus pandemic, attracting further investment as well as accelerating advances in technology and the entry of new players into the market.

To learn more about our Life Sciences and Healthcare and Corporate/M&A practices, please visit Mattos Filho’s website.


Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology.

Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program.

The miner’s six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide as a conventional trucks and capable of holding 320 tonnes of iron ore.

By Marta Nogueira via Reuters.

Read full article here.

Brazil became the latest major country to pass the U.S. in the percentage of its citizens who have had at least one dose of coronavirus vaccine as the government’s inoculation campaign picks up speed and resistance to the shots fades away.

About 63% of Brazilians have now received at least one dose, versus 62% of people in the U.S., according to Bloomberg’s Covid-19 Vaccine Tracker. Countries including Germany, France and the U.K. have vaccinated at least 65% of the population with one shot, the data show.

By Fernando Travaglini/Bloomberg.

Read full article here.

On January 1, 2021, Congress passed the Corporate Transparency Act (“CTA”).  The CTA will become effective on January 1, 2022.  The CTA will require certain U.S. “reporting companies”[1] (including LLCs) to disclose to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), information on their (i) “beneficial owners” and (ii) individuals involved in forming or registering the companies.[2]

Under the CTA, a “beneficial owner” is defined as an individual who, directly or indirectly through any contract, arrangement or otherwise, exercises substantial control over an entity or owns or controls at least 25% of an entity’s ownership interests.

By McLaughlin & Stern LLP.

Read full article here.

Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced today that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital.

The round is nearly double that of what Petlove has raised in its history. The company started its life as PetSuperMarket when it was founded in 1999 in the early days of the internet. Today, the company continues to operate an online store offering a wide range of pet products and services.

By Mary Ann Azevedo via Tech Crunch

Read full article here

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