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06

Founders Fund Leads a Financing Round for Nubank, a Brazilian Start-Up

By Tony Seruga

RIO DE JANEIRO — The billionaire and prominent Silicon Valley financier Peter Thiel has returned to investing in Brazil, even as the country remains mired in recession and faces almost weekly political upheavals.

Founders Fund, the San Francisco-based venture capital firm Mr. Thiel co-founded, has led a new $52 million financing round in Nubank, a financial technology start-up based in São Paulo, according to multiple individuals with knowledge of the transaction…

Founders Fund Leads a Financing Round for Nubank, a Brazilian Start-Up

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