Brazil’s VC Market in 2025: Big Deals, Bigger Opportunities
As Latin America's largest economy, Brazil continues to dominate the region’s venture capital landscape. With over $1.5 billion in VC funding expected this year, the country accounts for nearly 60% of all startup funding across Latin America—solidifying its role as the continent’s investment powerhouse.
From climate tech to AI and mobility, the Brazilian ecosystem is vibrant, diverse, and full of momentum.
From climate tech to AI and mobility, the Brazilian ecosystem is vibrant, diverse, and full of momentum.
Key Deals Defining Brazil's VC Landscape in 2025
Here’s a closer look at some of the top funding rounds and strategic moves shaping Brazil’s startup scene this year:
Mombak — R$100M for Amazon Reforestation
Visit Mombak
Environmental startup Mombak, focused on reforestation and carbon credit generation, secured R$100 million (~$17.8M) from Santander Brasil and BNDES. The capital will support efforts to restore degraded Amazon land while creating high-quality carbon credits for global companies including Microsoft and Google.
Turbi — R$322M to Scale Vehicle Rentals
Visit Turbi
Turbi, a digital vehicle rental platform, raised a total of R$322 million—including a R$72M Series D round and R$250M in bonds. The funding will double Turbi’s car fleet and fuel its nationwide expansion, positioning it as a major player in Brazil’s mobility sector.
Moove Acquires Kovi — $275M ARR Milestone
Visit Moove | About Kovi
Mobility fintech Moove made headlines with its strategic acquisition of Kovi, a vehicle subscription startup. The deal boosted Moove’s annual recurring revenue to $275 million, strengthening its fleet operations and mobility services across Latin America.
NeoSpace — $18M for AI in Financial Services
Visit NeoSpace
NeoSpace, a generative AI company focused on the financial sector, raised $18 million in a round led by Itaú Unibanco. The investment will accelerate product development in AI-powered customer experience tools for banks and fintechs.
Paytrack — R$240M for Expansion & International Growth
Visit Paytrack
Corporate expense and travel management platform Paytrack secured R$240 million in a Series B round led by Riverwood Capital. With the new capital, Paytrack will grow its commercial footprint and launch new products to support international expansion.
What’s Next for Venture in Brazil?
With increasing corporate involvement, a growing base of global investors, and strong founder talent, Brazil remains one of the most compelling VC markets in emerging economies. From climate innovation to fintech and AI, the ecosystem is maturing—and the competition is heating up.
🤝 Let’s Talk Opportunities
For deeper insights or partnership opportunities in Brazil’s fast-moving venture ecosystem, connect with:
Rodrigo Silva, Partner & Head of Brazil at Pulsar
Rodrigo brings deep regional expertise and hands-on experience helping international and local investors navigate Brazil’s dynamic VC landscape.
📬 Connect with Rodrigo on LinkedIn
Here’s a closer look at some of the top funding rounds and strategic moves shaping Brazil’s startup scene this year:
Mombak — R$100M for Amazon Reforestation
Visit Mombak
Environmental startup Mombak, focused on reforestation and carbon credit generation, secured R$100 million (~$17.8M) from Santander Brasil and BNDES. The capital will support efforts to restore degraded Amazon land while creating high-quality carbon credits for global companies including Microsoft and Google.
Turbi — R$322M to Scale Vehicle Rentals
Visit Turbi
Turbi, a digital vehicle rental platform, raised a total of R$322 million—including a R$72M Series D round and R$250M in bonds. The funding will double Turbi’s car fleet and fuel its nationwide expansion, positioning it as a major player in Brazil’s mobility sector.
Moove Acquires Kovi — $275M ARR Milestone
Visit Moove | About Kovi
Mobility fintech Moove made headlines with its strategic acquisition of Kovi, a vehicle subscription startup. The deal boosted Moove’s annual recurring revenue to $275 million, strengthening its fleet operations and mobility services across Latin America.
NeoSpace — $18M for AI in Financial Services
Visit NeoSpace
NeoSpace, a generative AI company focused on the financial sector, raised $18 million in a round led by Itaú Unibanco. The investment will accelerate product development in AI-powered customer experience tools for banks and fintechs.
Paytrack — R$240M for Expansion & International Growth
Visit Paytrack
Corporate expense and travel management platform Paytrack secured R$240 million in a Series B round led by Riverwood Capital. With the new capital, Paytrack will grow its commercial footprint and launch new products to support international expansion.
What’s Next for Venture in Brazil?
With increasing corporate involvement, a growing base of global investors, and strong founder talent, Brazil remains one of the most compelling VC markets in emerging economies. From climate innovation to fintech and AI, the ecosystem is maturing—and the competition is heating up.
🤝 Let’s Talk Opportunities
For deeper insights or partnership opportunities in Brazil’s fast-moving venture ecosystem, connect with:
Rodrigo Silva, Partner & Head of Brazil at Pulsar
Rodrigo brings deep regional expertise and hands-on experience helping international and local investors navigate Brazil’s dynamic VC landscape.
📬 Connect with Rodrigo on LinkedIn