Tuesday, July 24, 2012

Who's Investing in Brazil - Updating the List

Dear reader - it's been too long since I have posted on the growing and exciting community of Brazilian startups and venture capital.  To make it up to you, I've substantially updated the list of the VC firms that are active in Brazil.

It almost seems that venture capital firms are sprouting as fast as startups so it's a rapidly evolving list - please forgive me (or hit the comments) if I've forgotten anyone.

Foreign-based firms


Accel Ventures - among the top US investors by some rankings, the team led by Kevin Efrusy (of Facebook investment fame) has made investments in Elo7 and Kekanto

Atomico - one of the few traditional foreign VCs that has established an office in Brazil.  Founded by Skype co-founder Niklas Zennström, the firm made its first Brazilian investment in Restorando in February.

Benchmark - investors in PeixeUrbano

Bessemer Ventures - The world's oldest venture capital firm recently brought on Brian Feinstein to lead the firms efforts in Brazil

Felicis Ventures - Silicon Valley based fund with just over $100mm AUM.  Invested in baby.com.br

Flybridge Capital - A new entrant on the Brazilian scene, Flybridge recently invested in MadeiraMadeira, an online construction products company

General Catalyst - Boston-based VC that has invested in Viajanet and gaming company Vostu

Index Ventures - London based fund.  Invested in Grupo Xango and Privalia (Spanish but largest market is Brazil)

Initial Capital - early stage investor, writing checks between $US 100-300k.  Based in Israel, Daniel Carneiro leads the firm's Brazil's efforts.  Brazilian investments include Glambox.

Insight Venture Partners - Large Silicon Valley based firm - investments include Elo7Kabum! and HotelUrbano

Intel Capital - the VC arm of the American chip giant is headed by David Thomas.  They have been active in recent months investing in (among others) two healthcare startups (Minha Vida & Pixeon) and two fashion startups (Fashion.me & Coquelux)

Lakestar - I blogged about them here.  They are an incubator/VC which has invested in Gourmeo.com.br (among others) and have an office in Sao Paulo

Sequoia Capital - Rumored to be opening an office in Brazil headed by David Velez

Social+Capital Partnership - Silicon Valley based fund created by Ex-Facebook VP, Chamath Palihapitiya  - invested in Baby.com.br 

Tiger Global - one of the most active foreign investors in Brazil.  At my last count they have over 10 investments (most not disclosed).  Disclosed investments include: baby.com.br, netshoes.com.br and Netmovies

Thrive Capital - NYC-based firm headed by Josh Kushner.  Recent investments include Baby.com.br

Venrock - investors in medical products company, Advance Medical

Brazil-based firms


Astella Investimentos - Relatively longstanding Brazilian fund which has several investments in the internet backend, education and healthcare space.

Arpex Capital - Backed by some of Brazil's wealthiest individuals, Arpex doesn't disclose its investments.  However, one of their partners, Ted Rogers, writes an interesting blog here.  

DGF Investimentos - DGF is a private equity and growth fund that has been in the market since 2001.  Patrick Arippol was brought on a few years ago to lead their early stage investing platform.  They have not announced many early-stage investment recently but you can view their portfolio here.   

DLM Invista - DLM is a newly raised venture fund focused on B2B software.  Founded by former senior executives at Datasul (an ERP software company which merged with Totvs), the firm has invested in Chaordic and Sofit.

Ideiasnet - Ideiasnet is one of the oldest VC investors in Brazil. They are unique because they are a publicly traded conglomerate that makes investments in startups.  They have made news recently by selling stakes in a number portfolio companies, including Spring Wireless and Softcorp.  In addition, they recently sold a 5.1% stake of themselves to Liberty Media, the American media conglomerate.  Their investments include Bolsa de Mulher and MoIP.

Kaszek Ventures - Despite its lack of a website, Kaszek is also one of the most active investors in Brazil and Latin America.  It was founded by Hernan Kazah and Nicolas Szekasy, co-founder and early executive of MercadoLibre, respectively.  They are based in Buenos Aires but spend much of their time (and money) in Brazil.  Their investments include Viva Real, GetNinjas and Kekanto.  

Monashees -  Almost certainly the most well-known Brazilian VC, the firm was co-founded by former General Atlantic Latin America head, Eric Acher. Their investments include oLook (headed by an American/Brazilian team of Peter Ostroske and Andre Beisert) and several companies I have written about on this blog, including Oppa and Baby.  Here's their full portfolio

Redpoint eVentures - a joint Brazil-focused $130mm fund between BV Capital and Redpoint Ventures, two large US/European VC funds.  They have a dedicated team in Brazil headed by Yann de Vries and Anderson Thees.  Their investments include Shoes 4 You and Viajanet.  They have a slick new website that's worth checking out as well.

Warehouse Investimentos - I recently visited their offices in Sao Paulo - it's an impressively converted (and very cool) former warehouse that could be an archetype for "industrial chic."  Their announced investments include food delivery service, ifood and two sustainability focused startups.  


125 comments:

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  49. God bless everyone that cares to listen and take the right part in getting his or her loan and not fall victim. why am i saying this, i am saying all this because there are many testimonies on the internet which are either true or false but i tell you today, after all i have passed through in the hands of scams i will not fail to announce this God fearing lender who helped me out of my devastating condition when i lost my Job and couldn't pay my children's fees, after been denied loan due to bad credit by loan sharks and other credit unions i visited, my bills where behind and we were about to be trowed out of our house but as God will have it i logged on my Facebook to seek for help from friends and family members all to no avail. while still on Facebook i saw a testimony by one Mary Scott who once had similar problems and got her life transformed by this same lender ( Kumaresan Kahlil Loan Investment Company). Immediately i email them at: feiyenloan@gmail.com and behold i received my long desired loan within 48hrs of processing and i am grateful to God almighty for bringing such a lender across my way.Email them today on,(feiyenloan@gmail.com)

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  71. HOW MIKE LARRY LOAN FIRM GRANTED ME A BUSINESS LOAN!!!
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  79. We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

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  80. Geschäftsdarlehen, Brauchen Sie einen Kredit von 500.000 US-Dollar auf 150 Millionen US-Dollar, um ein Unternehmen zu gründen oder Rechnungen zu bezahlen? Wenn ja, schicken Sie uns eine E-Mail Ihre Informationen unten.

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  81. We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
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  83. Eu quero usar este meio para expressar gratidão ao serviço Direct Access Online por cumprir sua promessa, concedendo-me um empréstimo, eu estava preso em uma situação financeira e precisava refinanciar e pagar minhas contas, bem como iniciar um negócio. Eu tentei obter empréstimos de várias empresas de crédito, tanto privadas quanto corporativas, mas nunca consegui e a maioria dos bancos recusou meu pedido de crédito. "Se você precisar entrar em contato com qualquer empresa com referência a garantir um empréstimo on-line com uma taxa de juros baixa de 3% e melhores planos / planos de reembolso. Você pode contatá-los via e-mail {directccesservice@gmail.com. Com} ou whatsapp @ +16315735726

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  84. We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

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  85. We Offers Financial Consulting To Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business. Interested Parties Should Contact Us For More Information Through Via E-mail: SuiteCapitals@gmail.com ( SuiteCapitals@post.com )

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  86. We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project (s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers.

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  87. We are authorized Financial consulting firm that work directly with
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  91. Are you a business man or woman? Do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offers guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) at our superb interest rate of 3%. For application and more information send replies to the following E-mail address: standardonlineinvestment@gmail.com
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  92. We are able to finance your signatory
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