Tech Report - May 2026
Executive Summary
We're pleased to present the May 2026 edition of Olimpia Partners’ Monthly Tech Report, offering a comprehensive analysis of Brazil’s tech landscape, publicly traded tech company performance, and global software industry trends.
Market Overview
May 2026 presented a predominantly negative performance across Brazil’s technology sectors:
E-Commerce: The sector faced a challenging May, declining 33.6%, in line with its 56.7% decrease over the past 12 months.
Hardware: The sector edged up 0.4% in May and is up 3.5% over the past 12 months.
Software: The sector contracted 7.6% in May, extending a 41.8% decline over the last 12 months.
In line with these sector-specific challenges, the IBOV Index declined 7.2% in May, while still reflecting a 27.1% increase over the past 12 months.
M&A and Fundraising Activity
May 2026 was marked by several notable transactions across various tech sectors:
Notable Fundraising Round:
· Enter : The AI-powered legaltech that automates corporate litigation for large enterprises raised US$100 million in a Series B round led by Founders Fund, with participation from Sequoia Capital, Ribbit Capital, Kaszek, OneVC, and Atlantico. The round valued Enter at US$1.2 billion, making it Latin America’s first AI-native unicorn, and will support continued product development and the company’s international expansion.
idwall Acquisition by Serasa:
· Serasa Experian entered into an agreement to acquire idwall, a Brazilian platform for identity verification, risk management, and AI-driven fraud prevention and digital onboarding, for R$400 million.
· The acquisition strengthens Serasa Experian’s authentication and fraud-prevention portfolio, building on its earlier purchase of ClearSale, and remains subject to approval by Brazil’s antitrust authority (CADE).
Other Transactions:
· Evertec acquired a 67% stake in BBChain for R$28 million.
· Zucchetti acquired Grupo Hive, owner of Omnibees, Infotera, HSystem, Bee2Pay, and Niara.
· Arcadea Group acquired Sofis.
· trinio raised R$32 million in a seed round led by Hi Ventures.
Stay Connected: We invite you to explore these insights and other technology market trends in our latest report. We value your feedback.
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