Spanish bank BBVA invested USD300m in digital bank Neon to double down in its exposure to the Brazilian financial market. (Press Release) – BBVA has reached an agreement to invest…
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General Atlantic and Banco Votorantim led a R$400m investment in Brazilian digital bank Neon, with follow-on from monashees, Quona Capital, Flourish Ventures (formerly part of Omidyar Network), Propel Venture Partners,…
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monashees closed its seventh VC fund, a US$150m vehicle, with participation from international endowments, foundations, family offices, funds, and entrepreneurs. Monashees has raised US$430m to date with 55 active portfolio companies, including Loggi, Rappi, Yellow, Grin, Neon, Mandaê and others.
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Propel Ventures Partners, monashees +, and Quona Capital led a US$22m Series A in fintech startup, Neon, the first fully-digital Brazilian bank. The round is Brazil’s largest Series A funding, and included participation from Omidyar Network, Tera, and Yellow Ventures.