Reports

Report 2025

This report analyzes the Brazilian startup ecosystem in 2025, highlighting key trends, investment dynamics, and the growing role of Corporate Venture Capital in a more selective and disciplined market environment.

It explores how startups, investors, and corporations are adapting to a landscape focused on strategic clarity, scalable solutions, and measurable impact, with particular attention to sectors such as fintech, artificial intelligence, healthcare, cybersecurity, and energy.

The report also looks ahead to 2026, outlining the opportunities and challenges shaping the next phase of innovation and entrepreneurship in Brazil.

Report 2023

Although 2023 was a challenging year for the innovation market, here at Wayra Brazil and Vivo Ventures we performed well. We made strategic investments aimed at creating synergy with Vivo’s business, and generated around R$100 million in contracts with startups — whether invested in by Wayra and Vivo Ventures or not — which represents 35% growth compared to 2022. All this and more information is available in the Wayra Brazil and Vivo Ventures 2023 Report, a publication that brings together the main achievements of both funds over the past year.