Known for its high costs and bureaucracy, Brazil’s economy is dominated by traditional companies in areas from banking to transport and healthcare, making it an attractive target for agile technology start-ups, investors say.  “The [venture capital] ecosystem is still nascent compared to the US and other international markets — therefore there is a large opportunity for start-ups,” said Hillel Moerman, head of Goldman Sachs Private Capital Investing Group, a CargoX investor.

https://www.ft.com/content/8742a6b2-7b18-11e8-bc55-50daf11b720d