The tech scene in São Paulo is an absolute delight, and we’re honored to have seen such an amazing turnout at the Startup Battlefield Latin America.
In case you missed it, we’ve put together a little recap of the event below.
Editor’s Note: We will embed videos from the event as soon as they’re available.
A China Twist to Brazil’s Mobility Revolution
Featuring Ariel Lambrecht (Yellow), Eduardo Musa (Yellow), Tony Qiu (Didi Chuxing), Hans Tung (GGV)
Mobility is a massive challenge for megacities around the world, including Sao Paulo. The first panel of the event featured notable founders and investors attempting to solve this problem in Brazil and throughout Latin America.
Eduardo Musa is the cofounder and CEO of Yellow and was joined on stage by his cofounder Ariel Lambrecht. Lambrecht also founded the mobility company 99, which is the only startup worth more than 1 billion USD in Brazil. Didi Chuxing recently invested and purchased 99, and current CEO and former investor Tony Qiu sat on the panel as well. Lastly, Hans Tung, managing partner at the Silicon Valley firm GGV and lead investor on 99’s latest round, joined the group. The panel was moderated by TechCrunch’s Managing Editor, Matt Burns.
Both Musa and Qiu acknowledged the crisis facing the Brazilian market and noted parallels with the Chinese market. Both markets have megacities with a diverse population, and there are countless opportunities for startups to address.
Throughout the panel, it was noted that Brazilian startups face several obstacles including finding enough talent and investment. The panelists agreed that often companies in Brazil are looking to Silicon Valley for both. For hiring, they said, there are not enough engineers locally, and to obtain funding, it’s best to show growth to local investors and the look tow Silicon Valley for additional investors.
Featuring Cristina Junquiera (Nubank) and David Velez (Nubank)
Any kind of partnership with a global internet giant is a big win for a startup. Nubank co-founders David Velez and Cristina Junquiera took the stage at Startup Battlefield Latin America to discuss Tencent’s $180M investment into their Sao Paulo-based digital banking company. Nubank is has raised over $700M from hard hitting investors like DST and Sequoia, valuing the company at over $4B, so it’s not about the money. While the invest to buy strategy is common for Chinese internet giants, Velez says that isn’t the goal for Nubank.
The founders are focused on the 20 million customers who have already applied for their credit card, and building culture from the ground up. There’s a lot wrong with Brazilian banks, and Nubank is taking a customer-focused approach to provide its digital banking service for Brazil’s huge population. When you’re one of the most successful companies in a region, you feel a responsibility to give back to the ecosystem. The best way to do that, say Velez and Junquiera, is to set an example of success.
Venture Investing In Latin America Today
Featuring Eric Acher (Monashees), Veronica Allende Serra (Innova Capital Consultoria Ltda), Hernan Kazah (Kaszek), Fernando Lelo de Larrea (ALLVP)
Latin American startup companies have hit an inflection point. No longer an afterthought for global investment firms the region is on pace to surpass $1 billion in committed capital for the second year in a row.
Driving that growth, according to investors Eric Acher, the co-founder of Monashees; Veronica Allende Serra, the founder of Innova Capital; Hernan Kazah of Kaszek Ventures and Fernando Lelo de Larrea of ALL VP; is a rash of exits like the public offering for the payment technology provider Stone and the sale of ride-hailing company, 99, to the Chinese global giant mobility company, DiDi.
Yet, as the market grows, entrepreneurs need to consider the partners they’re bringing on board as the aim for international growth. And while Brazil leads the pack in terms of committed capital — grabbing 73% of the total money invested in the region in the first half of the year — Argentina, Colombia, Mexico, Peru and Chile are all emerging as important capital markets in their own right.
20 Years Ahead of the Curve
Featuring Fabricio Bloisi (Movile)
For Fabricio Bloisi, the journey to building a multi-billion dollar company in Movile wasn’t always easy. Building a business requires making tough decisions along the way and a commitment to constantly churning through ideas.
Over the first ten years of its existence, Movile struggled as a smaller content provider. It was once the company agreed to consolidate and control more of the market that it began to grow, Bloisi said.
Now, businesses like iFood, which brought in over $100 million in revenue in the month of October alone, and new payment businesses like Zoop and its delivery and logistics companies, are contributing to a powerhouse that Bloisi thinks could be a $10 billion company in a few years.
Bloisi believes in the region, and the promise it holds for local and international investors to build more multi-billion dollar businesses. The future belongs to the entrepreneurs in the audience, Bloisi said. And if they can make the tough decisions (and get the right investment partners) they could find themselves on the TechCrunch stage.
New Wave Latin Founders
Ana Lu McLaren (Enjoie), David Arana (Konfio), Sebastian Mejia (Rappi), Juan Pablo Bruzzo
A vast majority of startup and investment activity across Latin America is coming out of Brazil. But that doesn’t mean entrepreneurship doesn’t thrive in other parts of the region. Rappi co-founder Sebastian Mejia, Konfio’s David Arana, Moni’s Juan Pablo Bruzzo and Ana McLaren from Enjoie discussed the challenges of launching and scaling an early stage tech company in this new wave founder discussion. Volatile economies, scarce technical talent, and undercapitalized markets aren’t so much challenges, but opportunities for these founders.
Logistics, fintech and ecommerce sectors are getting shaken up by these founders, and the foreign investment dollars are following. Rappi just raised a $200M round to grow its last-mile delivery service, but threats from foreign powerhouses like Uber threaten to eclipse market share. The landscape is more competitive than ever for founders, so expect to see big moves happening from startups launching out of the region.
Garmin Venu 2 smartwatch is the do-all fitness tracker
The Garmin Venu 2 smartwatch will cost you approximately $400 – let’s talk about why. The Garmin Venu 2 does everything the original Venu does, but ALSO adds an array of new features. This watch works with GPS (and GLONASS, GALILEO), heart rate monitor, barometric altimeter, compass, gyroscope, accelerometer, thermometer, ambient light sensor, pulse ox blood oxygen saturation monitor, and a battery time of up to 10 days in smartwatch mode. It has a touchscreen, color display, and is able to connect to Android and iOS devices.
In addition to the features included in the original Venu, this device is available in two distinct sizes and multiple colors. This version has “enhanced battery life” with both rapid recharging and a battery saver mode – which for the Venu 2 means it’ll have up to 11 days of up-time, and the 2S rings in at 10 days (both in smartwatch mode).
This series also has new HIIT workouts with on-screen animations, as well as activity profiles for HIIT, hiking, bouldering, and indoor climbing. Venu 2 works with Health Snapshot to record and share health stats, and has a “Fitness age” system.
With the fitness age system, the watch “estimates the body’s age” given activity, resting heart rate, chronological age, and either body fat percentage (if you’ve got a Garmin Index scale) or BMI. The Venu 2 also adds new sleep score and insights with Firtbeat Analytics. Below you’ll see a presentation video from Garmin about this new Garmin Venu 2 series.
The Garmin Venu 2 has a 45mm watch case and a 22mm band. The Garmin Venu 2S has a 40mm watch case and an 18mm band. The bands work with “industry-standard quick release” silicone band connections, and the watch has a stainless steel bezel.
The display is an AMOLED touchscreen panel protected with Corning Gorilla Glass 3. If you’re looking at the Venu 2S, you’ll have a 1.1-inch diameter display with 360 x 360 pixels. The Venu 2 has a 1.3-inch diameter display with 416 x 416 pixels. Both have 5 ATM water ratings, meaning they’re able to withstand pressure equivalent to a depth of 50 meters. That means you’ll be protected against splashes, showers, diving, snorkeling, swimming, and your basic rain and snow.
Both the Garmin Venu 2 and Garmin Venu 2S will cost you approximately $400 USD. These watches were made available for purchase through Garmin (dot com) starting this week.
iOS 15 features could include Apple’s big notification upgrade
Apple’s iOS 15 and iPadOS 15, its upcoming major software refreshes for iPhone and iPad, will include a significant rework of how notifications are handled, according to a new report, potentially addressing a growing criticism of alert overload on mobile devices. The two new OSes – one designed for phones, the other for tablets, after Apple opted to cleft development in two – are expected to be previewed at WWDC 2021, the company’s annual developer event in early June.
Notifications and the Lock Screen in general has increasingly become a point of contention for iOS and iPadOS users. In the early days of the iPhone platform, Apple’s treatment of each notification as a separate block made sense; more recently, however, with a dramatic uptick in the number of apps and services wanting to push out their respective alerts to users, the Lock Screen has arguably become unruly and it’s easy to potentially miss a notification.
Apple has finessed the UI over the years, including grouping notifications by app, and there are settings which can control whether software can show a full notification or a more fleeting one. All the same, chatter of a revamp has been around for some time, and it seems iOS 15 and iPadOS 15 will be when it lands.
Users will be able to set different notification preferences, based on their current status, sources tell Bloomberg. That could include whether their iPhone or iPad makes a noise. Unlike the current, fairly blunt “Do Not Disturb” or driving modes – the latter which can automatically activate when the iPhone is in CarPlay mode in a vehicle – there’ll be multiple settings supposedly accessed via a new menu.
For example, users could set that they’re working, sleeping, driving, or a custom category – such as exercising – with a different set of notification preferences for each. That menu will be accessible from the new Lock Screen as well as in the Control Center. Automatic message replies, as are currently supported in driving mode, will also be supported for each status.
For iPadOS 15 specifically, there’ll be new Home Screen options. The widgets that Apple added to iOS 14 last year, which can be intermingled with regular icons on the Home Screen, will be expanded to iPadOS 15 it’s suggested. Currently, iPad widgets are corralled into a separate pane.
Both iOS 15 and iPadOS 15 will also expand Apple’s focus on privacy, the sources say. There’ll be a new menu which lists all of the personal data being collected and shared by apps, in part of an attempt to make more clear what information may be gathered in the background. It follows new rules Apple has applied to developers around disclosing data sharing policies and more.
Finally, there are said to be changes afoot to iMessage, Apple’s messaging platform. Though possibly not arriving in time for WWDC 2021, the updates are believed to be with a mind to making iMessage more of a social network than it is now, though exactly how that would operate is unclear at this stage.
WWDC 2021 kicks off on June 7, and – like last year – will be held entirely online rather than as an in-person event. Registration is open now, and unlike in previous years will be free and uncapped in number to developers.
AppleCare+ plans can now be extended for longer than 36 months
Anytime someone buys a new Apple product such as an iPhone, iPad, Apple Watch, or Mac, they often buy the AppleCare+ extended warranty. That warranty covers the devices for all manner of accidental breakage and other issues. Apple recently announced that in Australia, Canada, Germany, Japan, the UK, and the US, owners who originally purchased AppleCare+ can renew their coverage for longer than was previously allowed.
Users are required to purchase their new coverage within 30 days of the date of their original coverage ending. Users who pay monthly or annually for AppleCare+ don’t need to take any action to renew their plans. Plan coverage can be continued beyond 24 or 36 months on a monthly or annual basis until the user cancels the coverage.
Apple does note that users who choose to continue their coverage will be subject to the current AppleCare+ terms and conditions. Buyers in China who purchased 24 months of coverage upfront will be able to continue coverage on an annual basis when their 24-month initial period is over. Those who paid annually will renew annually each year until they cancel.
Users in China can renew within 30 days of the end date of their current coverage. The coverage end date can be found in “settings – general – about” where they can tap the AppleCare+ Coverage Available option and follow instructions to register. Users can follow the “settings – general – about” path and then tap the name of their AppleCare plan to see when their coverage expires.
Coverage can also be verified on the mysupport.apple.com website. Expiration dates are also noted in the Proof of Coverage or Plan Confirmation message sent when the AppleCare+ plan was initially purchased. Apple outlined the steps on its support page with an updated document published on April 20.
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