Wayra Brasil, a Brazil-based accelerator subsidiary of telecommunications company Telefónica, made investments in five local startups that had entered its year-long program last month.
The portfolio companies in question include Back4App, the developer of an easy-to-use application development system, and Getup Cloud, which allows users to deploy, manage and scale applications on any platform.
App marketing technology provider RankMayApp also received funding, as did DB1, the developer of a finance-focused mobile game, and Social Miner, the creator of an app marketing platform that uses machine learning and storytelling.