Welcome to our Tech Roundup, where we bring you the biggest stories in technology and innovation in Brazil and Latin America. This week: The strategy of Sinqia’s innovation arm, Torq, to invest in startups and build the company’s future.
Since its IPO on the Brazilian stock exchange ten years ago, financial software developer Sinqia has grown rapidly — not only organically but also through 24 acquisitions, with 14 of them coming in the last five years. In 2021, it launched a broader investment front, its corporate venture capital arm Torq Ventures, through which it invests in startups identified and accelerated by its Torq innovation hub launched in 2018.
Why it matters. Juliana Innecco, head of investments at Torq Ventures, tells The Brazilian Report that Sinqia’s subsidiary is looking to sign bigger checks for startups and tech companies in 2023 — good timing, given the current bear market and the difficulty startups face in raising late-stage funding rounds.
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