Startup funding in Brazil 2026
January to September 2026. Data as of 23 October 2026.
Release
Total
Startups in Brazil raised $782M in 110 venture rounds from January to September 2026, 21st of 119 countries, according to FundingWatcher.
Without rounds of $100M or more
1 round of $100M or more holds 13.7% of that money. Without it, Brazil raised $675M, 16th of 119 countries.
Largest round
The largest round was Kesh Bank in Vila Olímpia: $107M, seed, in August 2026.
Cities
São Paulo startups raised $504M, 64.5% of the national total, ahead of Vila Olímpia with $107M.
Early stage
Pre-seed, seed, angel and Series A rounds under $100M: 101 rounds, $440M.
Source
Source: FundingWatcher, startup funding by country and city 2026, https://fundingwatcher.com/research/startup-funding-by-country-2026/
Cities
| City | Rounds | Total | Under $100M | Rounds of $100M+ |
|---|---|---|---|---|
| São Paulo | 59 | $504M | $504M | 0 |
| Vila Olímpia | 2 | $107M | $61K | 1 |
| Jardim | 1 | $85M | $85M | 0 |
| Parana | 1 | $15M | $15M | 0 |
| Rio De Janeiro | 4 | $11M | $11M | 0 |
| Uberlândia | 2 | $11M | $11M | 0 |
| Barueri | 3 | $10M | $10M | 0 |
| Florianópolis | 3 | $9M | $9M | 0 |
| Barra Da Tijuca | 1 | $4M | $4M | 0 |
| Joinville | 1 | $3M | $3M | 0 |
| Leblon | 1 | $3M | $3M | 0 |
| Pinheiros | 1 | $3M | $3M | 0 |
Largest rounds
| Company | City | Round | Date | Amount |
|---|---|---|---|---|
| Kesh Bank | Vila Olímpia | seed | 2026-08-04 | $107M |
| Decade | Jardim | seed | 2026-08-04 | $85M |
| A5X | São Paulo | Series D | 2026-09-14 | $70M |
| Cayena | São Paulo | Series B | 2026-03-13 | $55M |
| ANDE.AI LTD | São Paulo | Series A | 2026-09-22 | $52M |
| Telepatia | São Paulo | Series A | 2026-06-17 | $33M |
| Jota | São Paulo | Series A | 2026-06-29 | $30M |
| Flash | São Paulo | Series D | 2026-08-19 | $29M |
| Azos | São Paulo | Series C | 2026-03-11 | $24M |
| Mercado Bitcoin | São Paulo | Series C | 2026-07-07 | $20M |
Method
110 rounds in Brazil in the FundingWatcher startup file: companies whose most recent round is a named stage, pre-seed and angel through Series J, dated January to September 2026. One round per company, the latest. Debt, grants, corporate rounds, private equity and secondary sales are not counted. 97 of the 110 rounds carry an amount. Method and data files: startup funding by country and city, 2026.
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