Weekly Top Funding of Startups in LATAM – Week 32, 2025 (Infographic)
Brazilian startups have been making waves across various sectors, with fintech leading the charge in recent venture capital investments. This week alone, Brazilian startups raised over $18.7 million, a significant portion of which went to fintech companies.
In the fintech domain, QI Tech secured a $63 million Series B round, led by General Atlantic. This API-first platform offers regulatory-compliant infrastructure for banks and fintechs to launch financial services such as payments, lending, investments, and insurance. The funds will be used to accelerate new product development, acquisitions, and embedded finance expansion.
Another notable fintech, Stone, secured $50 million from IDB Invest. Stone's unique model deducts repayments directly from sales, aligning with cash flow and simplifying financial management in underserved regions.
FanBase, a sports digital infrastructure startup, raised $923,000 in a round led by Domo.VC and OutField. FanBase offers products like Fan ID and FanApp to help sports teams manage fan engagement. They serve clients such as Vasco, Bahia, and Atlético Nacional (Colombia).
Meanwhile, Stone's fellow fintech, IORQ, raised $6.5 million from Monashees, Upload Ventures, ONEVC, and Norte. IORQ, launched by iFood founder Patrick Sigrist, offers embedded finance tools through a white-label model. Their AI-powered infrastructure helps companies originate and manage credit via APIs.
The legal tech sector also saw some activity, with Leggal, a legal services startup, closing a $314,000 pre-seed round. Leggal aims to normalize legal care in Brazil's benefits space and expand preventive legal access to broader social classes.
However, investments in climate tech and sports tech startups in Brazil have been less prominently reported in the latest data. Radix Florestal, a climate tech startup, received $1.85 million from Ecosia. Radix Florestal is restoring 150 hectares in the Amazon and aims to plant 2,000 more by 2030. They combine biodiversity recovery with sustainable agroforestry and direct part of their funding to local communities.
Despite the strong activity in fintech, overall Brazilian startup funding has declined recently. With $322 million in Q2 2025, Brazil saw a 65% drop year-over-year, and was surpassed by Mexico as Latin America’s top VC destination in that quarter.
Top VC firms active in Brazil include Bossanova Investimentos, Monashees, and Kaszek, among others, which likely participate in these fintech and other sector investments.
One notable absence in the recent funding reports is HerculesAI, a Brazilian legal tech pioneer in AI-driven compliance and decision intelligence, which recently sold its legal tech assets to Aderant, suggesting consolidation and maturation in this sector.
As we move forward, it will be interesting to see how these sectors evolve and whether climate tech and sports tech startups will start to attract more investment.
Technology played a significant role in Brazil's startup ecosystem, as evidenced by the funding raised by fintech companies like QI Tech, Stone, and IORQ, which utilized technology to offer innovative financial services, simplify financial management, and provide embedded finance tools.
In the legal tech sector, Leggal leveraged technology to normalize legal care and expand preventive legal access to broader social classes, reflecting the role of technology in reshaping various sectors in Brazil.
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