Venture financing in Brazil 2012 — Q2'17 $450.0 50 45 $400.0 40 $350.0 35 $300.0 30 $250.0 25 $200.0 20 $150.0 15 $100.0 10 $50.0 5 $0.0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2012 2013 2014 2015 2016 2017 Capital invested ($M) # of deals closed Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. Q2’17 may have seen the lowest volume in VC activity in years, yet thanks to a number of businesses, was still able to attract an outsized $285 million. Once again, and even more significantly this quarter, the majority of VC invested was concentrated in fewer than five companies, with 99Taxis’ $200 million financing finally closing as SoftBank joined in. © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. #Q2VC