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BNDES Invests ~USD32m in Brazil’s Tembici

3 February 2023

(Baguete) BNDES invested ~USD32m in Tembici, a Brazil-based micro-mobility platform focused on bikes with operations in Chile, Argentina and Colombia. Tembici raised a ~USD10.6m round from Itaú, Mastercard and Colombian natural gas company Vanti in October 2022 and a USD10m round led by Blue Like an Orange in April 2022.