Brazilian Startup idwall Raises $38M Series C Financing

June 14, 2021Client News

Gunderson Dettmer represented Brazilian fraud and identity startup, idwall, in its $38M Series C round led by Endurance. GGV Capital, monashees, Canary, Qualcomm Ventures LLC, ONEVC, Peninsula and Norte also participated in the funding, bringing its total raised to nearly $50 million.

In the announcement of the transaction, CEO Lincoln Ando said, “Many of the identity validation and fraud problems faced in Brazil are seen in other Latin American countries as well.” He continued, “Besides, places like Mexico and Colombia also have highly innovative companies pushing the envelope when it comes to identity and technology. We still have a lot to achieve in Brazil, but we see a big opportunity for us to take our mission even further.”

The Gunderson deal team was led by Adan Muller and included Christel Moreno, Tuca Bihari, and Rafael Bellaver.

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