On November 22nd, the CVC Young Innovator Awards (YIA) ceremony took place in Brazil. The award recognizes innovative business solutions that can bring about positive change for communities. The competition was organised by NESsT with support from its portfolio companies Movimento Black Money (MBM) and Maré de Sabores, which invited entrepreneurs from their respective networks as participants.
Scaling Pedala: How a sustainable last mile delivery enterprise mastered Brazilian e-commerce
Pedala was acquired by Ame Digital, a fintech company controlled by B2W Digital, one of the largest e-commerce companies in Latin America, and Lojas Americanas three years after joining the NESsT portfolio. How did this local Rio de Janeiro startup become an attractive model ready for scale in such a short period of time?
Movimento Black Money receives investments from NESsT and Google
Movimento Black Money (MBM) aims to transform the economic reality of the Black community in Brazil through entrepreneurship, education, and financial services. NESsT welcomed MBM into its portfolio to initially support Mercado Black Money, an online marketplace for Black-owned businesses, sustaining its growth with capital and business mentorship. Google for Startups announced Movimento Black Money as one of the 12 new Brazilian startups that will receive equity-free funding through its Black Founders Fund.
Maré de Sabores caters campaign to vaccinate 36,000 residents in Maré, a favela in Brazil
Erol Foundation announces new grant to NESsT to support impact-driven enterprises in the Amazon Basin
A new multi-year partnership between NESsT and Erol Foundation will improve forest conservation by catalyzing local sustainable enterprises in areas of high biodiversity. The NESsT Amazonia incubator will support 15 conservation enterprises that improve forest conservation in the Amazon basin and provide sustainable livelihoods to local communities.
Edital: Oportunidade para negócios da Amazônia brasileira
Encauchados raises $40,000 in 40 hours
Pedala: From Idea to Sales to Scaling
Alexandre and Vinicius set out to launch an ecological delivery social enterprise. They quickly realized they didn’t have all the right skills to run a company. A good idea and passion aren’t enough to make a social enterprise successful; entrepreneurs need specialized skills and advisory to make their businesses a long-term success.