# Top 50 Retail VC (Venture Capital) Funds in Brazil in May 2026

## MAYA Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Information Technology

An early-stage venture firm that supports businesses generating accessibility, transformation and efficiency in Brazil and Latin America. 

## Canary
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, E-Commerce, Information Technology

Canary is the first partner of the best founders in Latam.

## FJ Labs
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Software, Financial Services

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

## Gvangels
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 4
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, SaaS, E-Commerce

GVAngels is a network of angel investors founded by former students of Fundação Getúlio Vargas (FGV), Brasil in 2017. The GVAngels network invests in technology startups that aim to solve inefficiencies in large markets.In these 4 years of operation, investments have already been made in 40 startups and checks have averaged from R$800,000 to R$2million. We currently have more than 300 associates with a personal interest in investing in startups and adding knowledge with their expertise and experience through smart money to our investees.GVAngels has its roots in the School of Business Administration at FGV, where most of the associated angel investors graduated. For 11 consecutive years, the university has been considered the best think tank in Latin America and has been ranked among the best institutions in the world since 2004.

## CapTable
- Type: VC Fund
- Location: Porto Alegre, Rio Grande do Sul, Brazil
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Financial Services, Software, FinTech

Captable is a startup investment platform that operates transactions through crowdfunding. They exist to simplify and make startup investments viable, as well as to connect the entire ecosystem, by leveraging business growth with high return potential for investors who want to contribute to the growth of startups. It makes connections at variouslevels for various agents in the innovation market with the goal of encouraging entrepreneurship through investment in startups. CapTable was founded in 2018 by Guilherme Enck and Paulo Deitos Filho.

## Elevar Equity
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 4
- Stages: Seed, Series A, Series C
- Focus: Financial Services, Finance, FinTech

Elevar Equity fuels the economic resilience and vibrancy of underserved customers and low income communities by investing early growth capital in entrepreneurs building at the intersection of inclusivity, affordability and massive scale. Led by an entrepreneurial emerging markets team passionate about addressing issues of access and inequity, Elevar invests in businesses that demonstrate a direct correlation between high impact and returns. So far in its 15-year journey, the Elevar Method of investing has democratized essential products and services for over 45 million households and catalyzed billions of dollars of capital into 40+ companies across India and Latin America.

## ONEVC
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Information Technology, Financial Services, Software

We undertake risk early. We help you endure the painful process of being a founder.

## Monashees
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 4
- Stages: Series A, Series B, Seed
- Focus: FinTech, Financial Services, E-Commerce

Monashees is a Brazilian venture capital firm that invests in entrepreneurs committed to creating innovative solutions for a new world. They invest in the beginning stages and follow alongside the companies that are revolutionizing markets, creating value, and improving people’s lives through technology, such as ContaAzul, Jusbrasil, Loggi,MadeiraMadeira, Enjoei, Petlove, Rappi, and Hi Technologies.

## H20 Capital Innovation
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

H20 Capital Innovation is a cross border early-stage venture capital fund with operations in the USA and Latin America. We actively invest in entrepreneurs that are using technology to disrupt existing markets or create entirely new ones in the B2B Marketplace and B2B Enterprise IT sectors.

## VERVE CAPITAL
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, E-Commerce, Information Technology

Verve Capital is an early stage venture capital firm that partners with founders to fund ideas and accelerate growth. We believe in people with big dreams and the grit to bring them to life. We invest in ideas that challenge the status quo and build a better world through innovation. We partner with companies providing early stage investment,support and advice that help founders reach their vision.

## Bossanova Investimentos
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Financial Services

BossaNova is the number one Brazilian Micro Venture Capital. We are the most active investor in the pre-seed stage in Latin America with more than 1200 investments in over 1000 Startups. We also invest in global companies, directly or through co-investment syndicates on AngelList.

## TM3 Capital
- Type: VC Fund
- Location: Curitiba, Parana, Brazil
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Big Data

TM3 Capital is an asset management company that specializes in technology companies. The company specializes in technology investments, and it looks to fund businesses with strong growth prospects and/or scalable hardware and/or software solutions. Its investment vehicles benefit from the synergies and experience that TM3 Capital, a teamwith a long history in the technology industry, brings to the table.

## Redpoint eventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Internet

Redpoint eventures's approach is to help entrepreneurs by offering the benefits of both local and international VCs including insight, company building, financing, and exit.

## Tiger Global Management
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Series B, Series A, Series C
- Focus: Software, FinTech, Financial Services

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

## TA Ventures
- Type: VC Fund
- Location: Frankfurt, Hessen, Germany
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Internet

TA Ventures is globally-minded and network-driven VC firm investing in early-stage tech startups in Europe and North America shaping the industries of tomorrow. Our ticket size starts from $100k up to $1M.
We offer speed of execution, proactive support, and access to a broad international network. Drawing upon our network, we support our portfoliocompanies by proactively soliciting large, growth-minded co-investors in subsequent rounds. We utilize our industry knowledge and network to give portfolio companies and partner VCs access to the highly skilled and cost-effective R&D outsourcing teams in Central and Eastern Europe.

## Igah Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Financial Services, Information Technology, Software

Igah Ventures is a Brazilian venture capital firm that was born from the union of forces of two successful investment platforms (e.bricks ventures and Joa Investimentos). We have a unique and complementary team of partners and an extremely qualified and experienced team.

## Base Partners
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Series A, Series C, Series E
- Focus: Software, FinTech, Financial Services

we invest globally in private technology companies and help them win in Latin America, Brazil first.

## Simile Venture Partners
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Software, Internet

Simile Venture Partners is an early-stage investment firm focusing on internet, mobile and technology startups across the world. It was founded by a team with domain expertise in entrepreneurship and venture capital investments. Its priority markets are in Europe, South-East Asia, India, Brazil, Turkey and Russia.For more information, visit:www.simileventure.com (http://www.simileventure.com/)

## CVENTURES
- Type: VC Fund
- Location: Florianópolis, Santa Catarina, Brazil
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Information Technology, SaaS

Our mission is to develop these ventures from capital assets, networking and mentoring in reference to innovation environments in the country, such as universities, research institutes, incubators and technology parks.

## DOMO Invest
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, Software, Financial Services

DOMO Invest is a leading venture capital firm in Brazil that invests in best in class entrepreneurs. We back early-stage technology startups, helping them grow faster and establish themselves in competitive markets.We started from the collective desire of our founding partners to contribute to the success of the next generation of Brazilianentrepreneurs. DOMO’s multi-disciplinary team is supported by its Advisory Board who’s members have solid and proven track-record in creating, investing, advising and financing tech startups of all sizes.Our GPs have thrived as entrepreneurs, having founded companies such as Buscapé in Brazil. The team was also an early investor in well renowned start-ups such as Loggi, Gympass, Hotmart, among others.

## Iporanga Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Financial Services, Software

Iporanga Ventures is venture capital funds management company, focused on Pre-Seed/Seed stage Brazilian startups.

## NXTP Ventures
- Type: VC Fund
- Location: Buenos Aires, Distrito Federal, Argentina
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Internet, Mobile

NXTP Ventures backs early-stage technology companies led by extraordinary entrepreneurs throughout Latin America. As one of the oldest VC firms in Latin America active since 2011, NXTP puts its extensive network of mentors, investors and industry specialists to work for its portfolio companies. We are particularly passionate about SaaS, logistics,and other services primed to create efficiencies in business workflows by introducing new technology. NXTP Ventures was an early investor in business such as AuthO, CargoX, Trocafone, Satellogic, Cobli, Liftit, VU Security and many more.

## Norte Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Financial Services

Norte is a founder's fund created and invested by entrepreneurs

## Astella
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Software, E-Commerce

Astella is a venture investor, providing capital, culture, and capabilities to Brazilian entrepreneurs who are willing to change our country's future.

## Alter Global
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Marketplace, B2B

Alter Global is a venture capital firm investing in early-stage startups within emerging markets such as Southeast Asia, Latin America, the Middle East and Africa. Since 2015, we’ve partnered with more than 40 exceptional ventures across 18 countries. We believe in the theory of individual change, supporting high-character founders who are buildingnot only their companies, but their communities and countries as well. We match our founders with talent, expertise, and investments from around the world.We're on a mission to create an unprecedented global network of the world's best tech founders - #ventureboldly and join us.

## FEA Angels
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: E-Commerce, Retail, Marketplace

FEA Angels is a venture capital and private equity firm and its acts as a bridge between investors and entrepreneurs.

## Formus Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A
- Focus: B2B, Retail, E-Commerce

As an early stage VC firm, we invest in the people behind market-transforming ideas, and help them become enduring businesses. We partner up with high-growth technology and software companies. We value ambition and integrity.

## Valor Capital Group
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: FinTech, Financial Services, Software

Valor is an investment firm that focuses on cross-border financial and investment opportunities.

## Anjos do Brasil
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, B2B

Anjos do Brasil is a angel investor network dedicated to foster angel investment for supporting inovative entrepreneurs in Brazil. It was founded by Cassio Spina, a entrepreneur and a angel investor with over 25 years experience in tech industry (see more at http://www.crunchbase.com/person/cassio-spina-3) .Receivingsupport of major brazilian institutions related to entrepreneurship and investments, such as Endeavor Brasil, ABVCAP, BM&F BOVESPA, FIESP/CJE, Brazil Innovators, etc., Anjos do Brasil is commited to connect investors with entrepreneurs in order to help growing new business in Brazil.We do also keep relationship with major VC investment funds, in order to exchange investment opportunities between our members and them. Anjos do Brasil is advised by a seasoned board of advisors, that support our strategic actions for promoting our vision.We promote events between our members and some also for entrepreneurs, for both educating the community and connecting people, to empower their relationsIf you wish to contact us, please, visit our site at www.anjosdobrasil.net and leave a message.

## Quartz
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, FinTech, Information Technology

Quartz is a venture & growth capital firm investing in companies in Latin America.

## Crescera Investimentos (f/k/a Bozano Investimentos)
- Type: VC Fund
- Location: Rio De Janeiro, Rio de Janeiro, Brazil
- Relevant deals: 1
- Stages: Seed, Private Equity
- Focus: Software, Information Technology, Education

Crescera Investimentos is an alternative asset management firm created by the merger of the Bozano Group with three leading and complementary investment firms, BR Investimentos, Mercatto Gestão de Recursos and Trapezus Asset Management, resulting in a unique platform for investors, clients and partners. Structured as a partnership, CresceraInvestimentos is able to attract, retain and develop the best talents in each specialty.Our investment philosophy builds on trust and knowledge. We offer to our clients, investors and investees companies consistent and distinguished returns through diversified financial products and strategies. Founded with approximately R$ 4 billion in AUM, Bozano Investimentos aims to become the most successful alternative investment management firm in Latin America.BR Investimentos` private equity business combines industry knowledge and specialized teams in well-defined circles of competence to successfully invest in privately held Brazilian growth companies. Mercatto Gestão de Recursos has been delivering solid returns through its managed public equities and fixed income portfolios based on strictly fundamental analysis. Lastly, Trapezus Asset Management offers innovative and high alpha quantitative strategies, based on academic research and development.Crescera Investimentos also benefits from the vision of Mr. Julio Bozano - founder of the Bozano Group. Through Banco Bozano, Simonsen, the Bozano Group was recognized as one of the most important investment banking organizations in Brazil for more than 40 years with a very successful track record in long-term proprietary investments. The Group`s expertise in aligning clients` interests with outstanding performance drives the basis of Bozano Investimentos` activities.Our goal is to offer solutions that create long-standing value for our investors, the society at large and the companies we invest in and to perpetuate Bozano Group`s legacy. Crescera Investimentos has a team of over 70 executives, employees, consultants, and senior advisors, including more than 40 partners in offices in Rio de Janeiro and São Paulo.

## Rigi Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed
- Focus: E-Commerce, Retail, Fashion

Rigi Ventures is an angel fund that provides seed capital and early stage management support for entrepreneurs.

## Grão
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Food and Beverage

A venture capital firm, backed by a family office, which invests in early stage startups in Brazil and VC funds from around the world.

## Dalus Capital
- Type: VC Fund
- Location: Mexico City, Distrito Federal, Mexico
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Information Technology, Logistics, Supply Chain Management

Investing in innovation & growth in Latin America

## CSN Inova
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Renewable Energy, Energy, Energy Management

Corporate Venture Capital vehicle of Companhia Siderúrgica Nacional (CSN)

## Silver Angels
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Agriculture, AgTech, Retail

Group of Angel Investors of São Paulo (Brazil).

## Aimorés Investments
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Information Technology, Health Care, Software

Aimorés Investments is investing in technology companies between the Anjo and Pré-Seed stages.

## Raia Drogasil
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Internet, Shopping

Raia Drogasil is the Brazil’s largest pharmacy chain.

## Varif Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Automotive, E-Commerce

Varif Ventures was added in 2013.

## Alexia Ventures
- Type: VC Fund
- Location: Brasil, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Alexia Ventures is an early-stage (series A) value-add investor for top entrepreneurs from Brazil and Latin America.  We focus in disruptive business models that are driven by software platforms and data / artificial intelligence technologies (A.I.).  Alexia Ventures believes that the best founders from Latin America are as good as the topfounders around the world – and can create companies that are global technology leaders.  Many of the top talents that its founders have worked with over the past 20+ years, in both LatAm and Silicon Valley, are part of our network.  Alexia Ventures was created to help outstanding founders catalyze human potential through data and technology, while building a better future and inspiring the region with a new definition of what is possible.

## Felicis
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Health Care

Backing founders building iconic companies that transcend boundaries

## Latitud
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

Build good sh*t with Latitud

## Order Venture Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Focus: Email, Sales, Retail

Order operates as an Venture Capital firm, that accelerates consumer goods companies in the early stage.

## Cencosud Ventures
- Type: VC Fund
- Location: Montevideo, NA - Uruguay, Uruguay
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Commerce and Shopping

Cencosud Ventures, the corporate venturing unit of Cencosud, creates, funds, and accelerates startups that shape the future of retail.We aim to leverage and accelerate startups regionally, and strategically important to our business units, by generating and strengthening core competitive advantages. We pursue strategic returns by investing indisruptive technologies that accelerate the future of retail, payments, mobile experience, fintech, logistics and the supply chain.Cencosud is one of the largest multi-format retailers in the Americas. It operates in Chile, the USA, Argentina, Brazil, Colombia and Peru. Additionally, it has offices in Uruguay and China. Its main business units are supermarkets, department stores, home improvement and financial retail.

## BTG Pactual
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Software

BTG Pactual is a global financial company that operates in the markets of Investment Banking, Corporate Lending, Sales & Trading, Wealth Management, and Asset Management. It offers advisory services in mergers and acquisitions, wealth planning, loans, and financings, as well as investment solutions and market analyses.The company’s globalpresence, based on a dominant fully-fledged Latin America Investment Bank, Global Asset and Wealth Management platform, enables it to provide a comprehensive range of financial services to a global client base that includes corporations, institutional investors, governments and high net worth individuals. It's the biggest investment bank in Latin America and the Caribbean. Also the 5th biggest bank in Brazil.In 2019, BTG Pactual has already been recognized with more than 10 awards, including "Best Private Bank in Brazil" by the magazine World Finance, "Best Private Bank in Latin America" by Global Finance, and "Best Private Banking Services Overall" by the Euromoney.

## Prana Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Credit, Information Technology, Financial Services

Prana Capital is a wealth and an alternative asset manager

## SVA
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Internet, Mobile

SV Angel is a San Francisco-based venture fund. Their experience spans helping companies like Airbnb, Coinbase, Databricks, DoorDash, Faire, Flexport, GitHub, Notion, Pinterest, Snap, Square, and Stripe Scale. Over the last 30 years of investing, their core values of trust, loyalty, and integrity along with a founder-first approach have driven ourstrategy. They are a service organization, investing in founders who share these values. They support entrepreneurs in building lasting companies by assisting at key inflection points and leveraging networks to help them propel their businesses forward.

## Social Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, SaaS

At Social Capital, we make big bets on transformational ideas, technology, and people.

## APEX Partners
- Type: VC Fund
- Location: Vitória, Piaui, Brazil
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Apps, Software, Home Services

APEX Partners is a platform for alternative investments and financial services, specialized in resource management and corporate finance, based on strong values ​​and guided by the objective of developing the financial market in the state of Espírito Santo.

## Shift Capital
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: FinTech, Financial Services, Email

Shift Capital is a Brazilian growth capital firm based in São Paulo. Our goal is to invest and support exceptional entrepreneurs tackling relevant problems, in tech, tech-enabled or real economy. Together with its network of investors and entrepreneurs, Shift offers value-added strategic support to its companies, aiming to create long term marketleaders.

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