Brazil

Curitiba

MEMBERS:
SEBRAE

Pinhão Valley has put Curitiba among the 6 smartest cities in the world and included it in the Smart21, the index of most intelligent communities. Innovation moves us forward.

Rafael Greca
Mayor of Curitiba

Ecosystem by the numbers

TOTAL EARLY STAGE FUNDING
$141 m
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$2.2 bn
GLOBAL AVG.
$10.5 bn
MEDIAN SEED ROUND
$250 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$0.8 m
GLOBAL AVG.
$2.7 m
SOFT. ENGINEER SALARY
$17 k
GLOBAL AVG.
$42.1 k

Sub-sector Strengths

Fintech

Curitiba is home to Brazil’s youngest unicorn, EBANX, a Fintech startup providing a platform for end-to-end localized payments. Launched in 2012, EBANX has facilitated almost $2 billion in payments and has enabled international companies like AirBnb and AliExpress to process payments and expand operations in Latin America. Another success story is Contabilizei, an accounting and tax filing software startup that raised a $20 million a Series C round in 2019. Other Fintechs in the city attracting investor interest include payment management solutions provider Juno and cryptocurrency exchange platform Wuzu.

Cleantech

Curitiba’s annual SmartCity Expo attracts more than 6,500 people to debate the future of cities in light of technological change and sustainability. The portfolio of Founder Institute (the world’s largest pre-seed accelerator) includes Fohat, a Brazilian energy intelligence software provider founded in Curitiba in 2017. The company received grant funding of $1.4 million in 2018, and its solutions are being used by international companies such as Bosch and Volvo.

Reasons to move your startup to Curitiba

Government Initiatives

In 2017, the government of Curitiba launched Vale do Pinhão, a program intended to drive business growth and employment in the region. A $2.8 million innovation fund under this program has been approved to financially support local startups and enable them to scale via research and development.

Breadth of Startups

Startups in Curitiba span a broad range of sub-sectors, including Edtech, Life Sciences, Adtech, Fintech, and Cleantech.

COVID-19 Policy

Brazil announced an Emergency Employment and Income Maintenance Program to preserve jobs in the country. Under the program, the government pays an emergency benefit for the duration of the proportional reduction in the working day with the use of unemployment insurance.

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