February 12, 2019 | Dealflow

Adianta raises $2.2 million to expand access to working capital in Brazil

ImpactAlpha Editor

Dennis Price

ImpactAlpha, February 12 – São Paulo-based Adianta allows small and medium-sized businesses in Brazil to access same-day credit and working capital through its online platform. Brazilian tech investor DGF Investimentos has led a R$8 million ($2.2 million) round for the firm, which also included 42K Investments, Chromo Investments, Capital Lab, as well as previous investors Yellow Ventures and OsherTec.

Brazil’s small businesses have limited access to credit to meet their short-term working capital needs, a financial gap that’s gotten worse with challenging economic conditions.

Adianta was founded in 2016, and has since extended $30 million in credit. With new funding the firm aims to to expand its team of development engineers representatives, extend new products to small businesses and grow is loan portfolio to $27 million.

“What we want is to develop a long-term relationship with our clients, always with the concern of de-bureaucratizing the experience of granting credit,” said Adianta’s Marco Camhahi.

In December, Quona Capital led a $5 million round for
Brazilian small business lender BizCapital.

ImpactAlpha Editor

Dennis Price

March 4, 2021

The Brief

Signals: Ahead of the Curve

Generate’s Jigar Shah tapped to rev up the Department of Energy’s loan office. The lending program, mostly moribund for the past four years, “is back in business,” declared Energy Secretary Jennifer Granholm. Shah pioneered no-money-down solar installations at SunEdison and went on to co-found Generate, an investor, owner and operator in microgrids, HVAC systems, biogas converters, charging depots, wastewater treatment and other categories of sustainable infrastructure (see, “Generate Capital raises $1 billion to scale sustainable infrastructure-as-a-service”). The department’s loan programs office has $40 billion in capital to speed the low-carbon transition. “He’s going to help us put together an indomitable portfolio of investments for American taxpayers, that will help us tackle climate change and create jobs,” Granholm said. “We’re ready to invest in advanced vehicles, carbon capture, advanced reactors and so much more.” The office, established by the 2009 stimulus bill, supported solar makers – including, famously, Solyndra – and helped Tesla build its first factory, but languished under the Trump administration. Shah will step down as Generate’s president. Scott Jacobs remains CEO; chief investment officer Matan Friedman will re-join the company’s board.

Dealflow: Follow the Money

Chicago-based venture funds aim to bridge funding gaps for overlooked founders. Three-quarters of the record $130 billion in U.S. venture capital funding last year went to startups in California, New York and Massachusetts. Chicago Ventures, Lightbank and Cleveland Avenue are looking to even the playing field with new funds based in and focused on the Midwest.

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