Venture capital funds in Brazil
18 funds filed a Form D between Oct 1, 2024 and Oct 30, 2026, plus 3 single-deal vehicles (SPVs and co-investments). Largest cities: Sao Paulo (11), Sao Paulo - Sp (2), Sao Paulo, Sp (2), Pinheiros, Sao Paulo (2), Sao Paula - Sp (1).
18venture capital funds
4emerging managers
2first sale since 2025
$24.9Mmedian raised
Venture capital funds by city
Lists: Largest venture capital funds in Brazil · Emerging venture capital managers in Brazil
All 18 venture capital funds in Brazil
Fund
First sale
Raised
Investors
Minimum
Offering
Canary IV, L.P.
Sao Paulo, BrazilOffshore
First saleJun 2024
Raised$87.6M
Investors45
MinimumNone set
Offering506(b)
Upload Ventures Growth, LP
Sao Paula - Sp, BrazilOffshore
First saleMar 2023
Raised$56.5M
Investors5
MinimumNone set
Offering506(b)
MAYA Capital Ventures III, LP
Sao Paulo, BrazilOffshore
First saleSep 2025
Raised$50.7M
Investors76
MinimumNone set
Offering506(b)
Atlantico Partners II, L.P.
Sao Paulo, BrazilEmergingOffshore
First saleOct 2022
Raised$24.9M
Investors30
MinimumNone set
Offering506(b)
Antler Brasil Fund I LP
Sao Paulo - Sp, BrazilEmergingOffshore
First saleJan 2023
Raised$7.1M
Investors35
MinimumNone set
Offering506(b)
DNA Capital VC II LP
Sao Paulo, BrazilEmergingOffshore
First saleDec 2025
Raised$3.7M
Investors3
Minimum$5.0M
Offering506(b)
Airborne Maverick Fund I, LP
Sao Paulo, BrazilEmergingOffshore
First saleNov 2024
Raised$1.3M
Investors20
MinimumNone set
Offering506(b)
Monashees XI, L.P.
Sao Paulo - Sp, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Volpe Capital Fund II (Cayman), L.P.
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Volpe Capital Fund II, L.P.
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Volpe Capital Fund II-A, L.P.
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Cloud9 Capital II, LP
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
ONEVC Fund III, LP
Sao Paulo, Sp, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Canary Founders IV, L.P.
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Agventures III Climate Investment Fund LP
Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Alexia Ventures 2-A, L.P.
Pinheiros, Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Alexia Ventures 2, L.P.
Pinheiros, Sao Paulo, BrazilOffshore
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
DGF 8, L.P.
Sao Paulo, Sp, Brazil506(c)Offshore
First sale—
Raised$0
Investors85
MinimumNone set
Offering506(c)