Brazil is a startup giant in the Latin American market, with over 20 unicorn startups inspiring the development of the next generation of Brazilian entrepreneurs. The tsunami of innovation did not occur immediately; it was achieved through a succession of generational and institutional shifts in the country's economy through governmental support. The result is a surge of large worldwide investments into Brazil that guarantees a thriving future for the whole ecosystem. In this article, we have compiled a comprehensive ist of VC funds and angel investors in Brazil who may help you raise the funds you need for growth.
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Topics Covered:
Why Should You Raise Funds in Brazil
Venture Capitalist Funds in Brazil
Angel Investors in Brazil
Closing Thoughts on VCs and Angel Investors in Brazil
Here are some reasons why you should consider raising funds for your startup in Brazil:
Access to capital: Brazil has seen record-breaking venture capital investments in recent years. In 2021, Brazilian startups secured 760 rounds and $10 billion in investments, a 194% increase compared to 2020. Not only the amount of rounds, but the size of rounds has also increased, rising from $5.5 million in 2020 to $13.7 million in 2021.
Large and growing market: With a population of over 211 million people, Brazil has the biggest economy in Latin America. Its size and density provide founders with a big consumer market that is eager for new products and services, as well as opportunities to network with other innovators. Internet penetration and use are also strong, second only to the United States in total Facebook, Twitter, and YouTube users.
High startup engagement: Startup involvement is a highly current trend among Brazil's major enterprises. There are numerous active startup engagement programs, with half of these programs backed by startup investment funds. For instance, SoftBank has pledged $8 billion in funds in Latin America, and Andreessen Horowitz, a leading US venture capital company, is also investing in the area. Entrepreneurship initiatives are rising, and access to entrepreneurial education is becoming increasingly rewarded. The Brazilian government is playing an important role in supporting the country's startup ecosystem with initiatives such as InovAtiva Brasil, a public accelerator developed by the Ministry of Economy in collaboration with the Brazilian Support Agency for Micro and Small Businesses (SEBRAE).
Venture Capitalist Funds in Brazil
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2011
Stage: Pre Seed
Focus: B2B, B2B2C
Notable Portfolio: Aterra, Be Academy, Desbrava.AI, GeekHunter
Bossanova is one of Latin America's most active venture capital firms that invests in entrepreneurs with scalable and digital business concepts. As part of Bossanova, you will be included in Redebossa, a community developed by the founders and co-founders of Bossanova's portfolio firms. Through the community, you can connect and engage with an elite network of founders, attend events, receive mentorship, access unique discounts and perks, and more.
Year of Inception: 2012
Stage: Pre Seed
Focus: B2B, B2B2C
Notable Portfolio: Grubster, Vendala, Code Money, Tarvos, Deskfy
With prior expertise as an accelerator, ACE Startups is an innovative firm that specializes in business creation and entrepreneurship support. They offer value in multiple ways, including investments as well as co-founding opportunities. Their venture capital arm invests in and promotes early-stage firms, assisting startups with validation, go-to-market, and measurement processes.
Year of Inception: 2017
Stage: Pre Seed, Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Cobre, Alice, Sallve, Trybe
Canary is Latin America's first institutional investor in premier technology startups. Operated and funded by entrepreneurs, they specialize in the first round and are committed to you throughout the journey. They will assist you in navigating the early stages of your company's development. They boast a high seed-to-series-B conversion rate, with Canary-invested companies having a threefold better probability of raising a Series B round.
Year of Inception: 2010
Stage: Pre Seed, Seed, Series A
Focus: Marketplace, Consumer, Saas
Notable Portfolio: Amicci, Guiavet, Bornlogic, Ciatech, Zygo
Astella invests in Brazilian entrepreneurs who are shaping the future by capitalizing on opportunities in consumer internet, software-as-a-service, and marketplaces. As investors, they also position themselves as mentors who will lend their expertise to set the startup's path to rapid and efficient growth. With a diverse team background in key growth areas, their Knowledge Machine will equip entrepreneurs with the data, insights, and knowledge needed to address the challenges of startup development.
Year of Inception: 2019
Stage: Seed
Focus: Technology
Notable Portfolio: Alice, Gupy, Diferente, Truora, Theia
MAYA Capital is an early-stage fund that invests in visionary entrepreneurs who are tackling Latin America's most pressing issues and driving change in the region. Aside from providing funding, they make use of their extensive network of entrepreneurs and consultants to give founders personalized help and mentorship. They ensure startups will gain relevant connections at various stages of growth, including access to industry experts, experienced entrepreneurs, potential clients, talent, and funds.
Year of Inception: 2010
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: Infra Commerce, Me Salva!, Trybe, 4Vets
Igah, meaning seed in the Paiter Surui language, is a seed-stage venture capital firm that invests in the future of Brazil. They believe in the power of entrepreneurs to make a difference and put their ecosystem behind startups to help them grow. Comprising a group of professionals from a wide range of backgrounds and skill sets, they assist startups and provide them with an actionable network to help them accelerate their growth.
Year of Inception: 2016
Stage: Seed
Focus: SaaS, B2B
Notable Portfolio: MoviDesk, Safespace, Aegro, AskSuite
Enabling development in the SaaS sector, ABSeed Ventures invests in seed-stage, B2B SaaS firms. With a team made up of SaaS operators, they have extensive technical understanding and networks in the industry that will assist entrepreneurs in revolutionizing markets using the SaaS business model.
Year of Inception: 2014
Stage: Seed
Focus: Technology, Internet
Notable Portfolio: Acesso, Harpio, Kenoby, Poppin
Duxx Investments operate a venture capital fund that invests in seed-stage companies with strong growth potential. As long-term investors, they invest for 5 to 8 years and contribute to the development of the firm by providing knowledge and assisting in all aspects of business development, from strategy to day-to-day operations.
Year of Inception: 2005
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Rappi, Méliuz, Loft, Enjoei, 99
Building new realities together with visionaries, Monashees collaborates with exceptional founders who are inventing new methods of unraveling issues and transforming major markets. Monashees assists innovators in challenging the current quo by focusing on human values first. From the very first steps, Monashees will assist in the startup's growth through to its expansion funding.
Year of Inception: 2016
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Viziomed, GRAO, Credere, Mlabs
DOMO Invest focuses its funds on early-stage consumer-focused technology firms. With a shared ambition to contribute to the success of next-generation Brazilian firms, DOMO assists startups in expanding quicker and establishing themselves in competitive markets.
Year of Inception: 2012
Stage: Seed, Series A
Focus: Information Technology, Software, E-Commerce, Financial Services, Internet
Notable Portfolio: Gympass, Olist, Creditas, Antecipa
Offering the best of both local and global VC, Redpoint Ventures provide value for startups in core areas of development such as business creation, talent acquisition, technology development, and fundraising. By combining local and global knowledge, they offer their expertise and link startups with professionals to tackle strategic and operational issues, as well as strategic investors for follow-on investments and exits.
Year of Inception: 2017
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Caju, LoopiPay, Kovi, Rappi, EmCasa
Backing founders who are creating category-defining businesses, ONEVC will invest and assist startups through the arduous process of development. They focus on 3 key points for investments: big market, inevitable founders, and transformational product.
Year of Inception: 2007
Stage: Seed, Series A
Focus: AgriTech
Notable Portfolio: Geofusion, Concil, Clicampo, Agrosmart
Foreseeing a new economy that generates wealth while also being socially and environmentally sustainable, SP Ventures invest in tech-powered agricultural and food solutions in Latin America. They support exceptional founders who are redefining the AgFood value chain and provide long-term value by offering their viewpoints and assisting startups in achieving their goals.
Year of Inception: 2009
Stage: Seed, Series A
Focus: Social and Environmental Impact Technology
Notable Portfolio: Celcoin, Klivo, Magnamed, Intuitive Care
VOX Capital is the pioneer of impact investing in Brazil, focusing on startups that are tackling societal and environmental challenges and building a regenerated planet. They invest in startups with technology-based solutions that benefit health, education, financial inclusion, and the environment. Aside from providing funds, they assist entrepreneurs in managing impact and fulfilling their value proposition while also enabling risk mitigation and leveraging the commercial strategy.
Year of Inception: 2017
Stage: Seed, Series A
Focus: FinTech, E-Commerce & Marketplaces, Analytics & Software, HealthTech, EdTech, Secruity & Cybersecurity
Notable Portfolio: Alinea Health, Cross Commerce, ISA Lab, Kovi, Menta
Believing that Brazil has reached a tipping point, Norte Ventures invest in brilliant founders who devote 120% of their time and energy to developing firms of the future. They trust founders' knowledge, so they only provide recommendations and add value where it is needed. Made up of a team of operators, they allow various viewpoints to merge and work together in developing the firms.
Year of Inception: 2015
Stage: Seed, Series A
Focus: FinTech, SaaS, Marketplaces, AI, Big Data, Blockchain
Notable Portfolio: Metals Hub, Patrimonium, Grover, Fitpass
Conceived from a single family office in the south of Brazil, Chromo Invest is now an investment studio operating in the Private Credit, Global Real Estate, Private Equity/Pipe, Venture Capital, and Real Assets categories. As an investment partner, they act like a lighthouse on a hill, providing a guiding focus and the right way for businesses. They actively participate as part of Boards of Directors or Consulting Boards, and have direct contact with the partners of the firms in which they have invested.
Year of Inception: 2019
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: S2 Pets, Kyte, EmCasa, Trinio
Caravela Capital invests in entrepreneurs that reject the status quo in order to establish groundbreaking businesses. They provide financing, hands-on support, experience, and mentoring to assist startups' growth. For potential investments, they seek for these 4 characteristics: outstanding founders, significant market, disruptive product/service, and excellent scalability.
Year of Inception: 2016
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Clorent, i4Sea, Atomic Agro, Rubicon
Capital Lab is a venture capital firm that forms long-term alliances with entrepreneurs utilizing technology to alter the world. They are eager to develop solid relationships with entrepreneurs and provide them with more than simply finance; giving value to the businesses by offering critical strategic and tactical support. They operate with two investment models: the traditional Venture Capital model, which makes direct investments in early-stage firms, and the Venture Lab model, which assists entrepreneurs in the pre-funding period.
Year of Inception: 2011
Stage: Seed, Series A, Series B, Series C
Focus: Software, SaaS, FinTech
Notable Portfolio: Descomplica, Olist, Gupy, Betterfly, Strike
Valor Capital Group is the first venture fund that pioneered a cross-border strategy, bridging the US, Latin America, and global technology industries and assisting portfolio firms in arbitraging both markets. They leverage global insights to drive local innovation, empowering startups via information, technology developments, and new experiences.
Year of Inception: 2001
Stage: Seed, Series A, Series B, Series C
Focus: Software
Notable Portfolio: Ingresse, Kyte, Cognitec, Concil, Safespace
DGF is a venture capital firm specializing in software companies. They collaborate with exceptional entrepreneurs who are establishing firms that will become market leaders in their respective industries. Their objective is to help their portfolio firms grow by providing funding, expertise, and networks.
Year of Inception: 2013
Stage: Seed, Series A, Series B, Series C
Focus: HealthTech
Notable Portfolio: Dasa, Galileo, Cortex, Feegow, Lavebras
DNA Capital invests throughout the healthcare spectrum, focusing on firms that share their commitment to high-quality, ethical, and compassionate healthcare products and services. They are specialists in powering startups that want to be the driving force behind healthcare's future. They work with startups at all stages to establish world-class healthcare companies and assist them by providing funding, skilled partners, investment professionals, operators, and a network of advisers.
Year of Inception: 2019
Stage: Seed, Series A, Series B, Series C
Focus: Authentication, Auto Marketplaces, Blockchain, E-Commerce, Education, FinTech, Frontier Tech, Health & Wellness, Information Services, Insurance, Logistics, Media, Mobility, Real Estate, SaaS
Notable Portfolio: Unico, Kavak, Sorare, Hashdex, GAIA, Rappi
The SoftBank Latin America Fund is the corporate venture capital fund of the Softbank Group, a multinational investment management firm. Believing in the potential of Latin American entrepreneurs, the SoftBank Latin America Fund invests in entrepreneurs and startups that are improving people's lives and the future of the region.
Year of Inception: 2008
Stage: Seed, Series A, Series B, Series C
Focus: Consumption, Retail and Services, Education, Innovation and Technology
Notable Portfolio: Altave, Cliever, EasyCredito, Siteware
Crescera Capital operates in the private equity and venture capital markets, offering capital and value creation to enterprises in several areas of the economy. With a private equity approach to their venture capital fund, they take an active role in the investee firms. They assist in the growth and development of their firms by continually cooperating with entrepreneurs, assisting them in decision-making, and developing commercial and/or strategic.
Year of Inception: 2020
Stage: Series A
Focus: Technology, Agriculture, Water and Energy, Retail, Media, Health, GovTech
Notable Portfolio: Zarpo, SVA Tech, VIDA Biotechnologica, Agrotools, Magnamed
KPTL is a merger between A5 Capital Partners and Inseed Investimentos. They focus on innovation to build the future. With 15 years of experience, they are a leading venture capital firm in Brazil. To date, they have invested in 112 companies which resulted in 21 exits.
Year of Inception: 2019
Stage: Series A
Focus: Software, AI, Blockchain
Notable Portfolio: Mecanizou, Seedz, Gaivota, Abstra, Botcity
Alexia Ventures was founded to assist exceptional founders in catalyzing human potential via data and technology, while also constructing a brighter future and inspiring the area with a fresh notion of what is possible. They operate through a network-driven methodology, utilizing the power of their vibrant network of founders from various industries and backgrounds be the greatest support for their portfolio companies.
Year of Inception: 2014
Stage: Series A
Focus: FinTech
Notable Portfolio: Klar, Kovi, Nocnoc, Paystack
Investing across the globe, Quona Capital lives and breathes the markets they serve. They are interested in mixing purpose with investment success, investing in businesses that serve the underrepresented population. As they invest, they also put their knowledge to work and assist startups in growing through their partner network of experienced investors, entrepreneurs, and operators in growing markets across diverse technological sectors.
Year of Inception: 2015
Stage: Series A
Focus: FinTech
Notable Portfolio: Celero, Kyte, DealerSites, Comunica.in
Honey Island Capital specializes in Fintech investments. Seeing the potential in fintech to change the way people work, interact, and live, they invest in fintech solutions that generate market while disrupting established institutions. Post investment, they continue supporting startups through 3 key pillars: qualified connections, business generation, and planning new rounds.
Year of Inception: 2014
Stage: Series A
Focus: Technology, IoT, Health Tech, Agro Tech, Industry 4.0, Smart Cities
Notable Portfolio: IOUU, IBBX, Threedy.AI
Indicator Capital is the largest IoT investor in Latin America. Since their establishment in 2014, they have amassed a portfolio of 23 startups and 4 investments in IoT-related startups, with R$3 million in assets under management.
Year of Inception: 2012
Stage: Series A
Focus: GreenTech
Notable Portfolio: Origem, Strider, Worldpackers
Leading the green transition in Latin America, Barn Invest makes greentech investments across the region. Within greentech, they invest across 5 verticals: Agri & Land Use, Transport & Mobility, Clean Industry & Circular Economy, Renewable Energy & Energy Efficiency, New Materials.
Year of Inception: 2000
Stage: Seed, Series A, Series B, Series C
Focus: 5G AI Automotive Consumer Enterprise & Cloud IoT XR / Metaverse
Notable Portfolio: Augury, Azion, Ring, Waze
Qualcomm Ventures is the corporate venture arm of Qualcomm, a multinational corporation that creates semiconductors, software, and technology-related services. As a venture fund, they are founder-focused, working with enthusiastic entrepreneurs to help them launch and expand game-changing enterprises. They invest in startups that are expanding the mobile ecosystem and beyond by utilizing Qualcomm's underlying technologies. They also provide entrepreneurs with access to their technology, experience, and networks, enabling them to establish global firms of the future.
Year of Inception: 2016
Stage: Seed, Series A, Series B, Series C
Focus: Algorithms, Machines and Applications, Digital Platforms Infrastructure
Notable Portfolio: BCP Global, Oneblinc, Rabbot
Inovabra Ventures is the investing arm of Banco Bradesco Venture Capital and a component of inovabra, the Bank's innovation ecosystem. They invest in innovative entrepreneurs with revolutionary business ideas, new solutions, and disruptive technologies that can boost company value or market productivity across diverse sectors.
Angel Investors in Brazil
The Angel investors listed below are part of an Angel community located throughout Brazil. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: -
FCJ is a pioneering firm in venture building in Brazil, and has since 2018 licensed its venture builder and corporate venture builder models in the B2C, B2B, and B2G modalities. In 2020, they delivered the first solution for the formation of angel investing groups; aiding in the formation, professionalization, and management of angel Investment groups throughout Brazil using world-class procedures and practices, ensuring that angel investing is accessible and secure for all. They have groups for angels across various sectors, including health angels, fintech angels, ESG angels, seniortech angels, and agrotech angels.
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: -
Founded in 2011, Anjos do Brasil is a non-profit organization that aids in the growth of angel investing in Brazil. They are the largest angel investor network in Brazil, with over 10 linked organizations across the nation and over 320 active members. They help entrepreneurs by sending projects and ideas to their network of investors, facilitating collaborations for skill sharing, and offering training modules for pitching and other areas.
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio:
Established in 2018, MIT Angels has since amassed 74 investor members and studied over 200 businesses over the years. They invest in and mentor entrepreneurs, as well as connect their startups with other MIT Angels throughout the world to ensure the success of their inventions.
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: -
The Angel Investor Club is an exclusive networking group for entrepreneurs and investors involved in the innovation ecosystem. They stimulate entrepreneurship, facilitate business opportunities, and address market challenges by fostering relationships between members and entrepreneurs. Aside from investments, they also take their time in training people, with the goal of professional success and the development of values.
Closing Thoughts on VCs and Angel Investors in Brazil
Overall, there are numerous benefits to raising funds for your business in Brazil, such as access to finance, a huge and developing market, and a thriving startup community. Brazil's economy is vibrant and fast-changing, and its emphasis on innovation and entrepreneurship makes it an appealing destination for companies looking for investment and development prospects in Latin America.
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