Room for Fundraising in 2020 for 59 Percent of Brazilian Startups

An unprecedented study by On The Go and the Bossa Nova fund shows the willingness of entrepreneurs to seek funds and take advantage of the liquidity of venture capital in the country.

RIO DE JANEIRO, BRAZIL - In the midst of what is the greatest economic crisis in decades due to the pandemic, Brazilian startups hope to raise more funds for the expansion of their businesses.

In addition, most of them avoided layoffs despite uncertainties - which, concurrently, forced most of them to rethink their 2020 targets. Ultimately, the year has been challenging for many Brazilian entrepreneurs.

This is all reflected in an unprecedented study by On The Go, a research platform using virtual robots, chatbots, and the venture capital fund Bossa Nova Investments. The online survey interviewed 60 technology company founders in various . . .

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