Igah, Ventures. Seed the Future.
Igah, Ventures.
Seed the Future.
Seed the Future.
Who we are
We are pioneers in the Brazilian venture capital market, where our team of partners - highly experienced and with complementary profiles - has been operating since 2010. With three funds raised from local and international investors, we are part of Pátria Investimentos – the largest alternative investment platform in Latin America.

Our Seed, Series A, and Series B investments are made through careful and detailed analysis, focusing on companies with scalable and sustainable business models, aimed at addressing market gaps and inefficiencies.
Igah means seed in the Paiter Surui language, which belongs to the Tupi language group. It is spoken by the Suruís, a Brazilian indigenous group from the states of Rondônia and Mato Grosso. They call themselves Paiter, which means "real people, ourselves".
We act to generate value to invested companies, provide significant returns to investors, foster innovation, encourage entrepreneurship and thereby contribute to transforming Brazil.
47
Investments
14
Exits
3
Funds
We believe bold entrepreneurs make a difference and we want to engage our full spectrum of resources behind a supportive ecosystem to help them thrive.
We are committed to:
— Support bold entrepreneurs that will transform their markets.
— Provide entrepreneurs with an actionable network to boost their growth trajectory.
— Maintain a long-term view to build sustainable and profitable businesses.
Our portfolio
unico
Investment date:
Janeiro 2020
Unico, formerly Acesso Digital, is an IDTech that believes in creating a digital society, with more security for transactions and facilities for people's daily lives, through digital identity. Its current portfolio includes biometric facial recognition, digital admission and electronic signature solutions. The company is a reference in the Digital Identity market, and its clients include the largest banks, retailers, e-commerces, fintechs, and telecoms in Brazil.
Founders:
Diego Martins
Paulo Alencastro
Rui Jordão (in memorian)
Ambar
Investment date:
September 2018
Ambar is the largest ConstruTech company in LatAm, providing homebuilders with products, services and technology solutions that reduce construction costs and increase efficiency of housing projects. Ambar offering embrace two key areas: industrial solutions and digitalization of construction projects.
Founders:
Bruno Balbinot
Ian Fadel
Arquivei
Investment date:
July 2018
Arquivei is a SaaS platform that helps a company's backoffice teams when it comes to management and automation of e-invoicing in Brazil, protecting the companies from non-compliance penalties and giving back time for people to dedicate themselves for what really matters.

Arquivei fetches, stores in the cloud, manages all the e-invoices in real time and makes the necessary information available for both people and systems.
Founders:
Christian de Cico
Bruno Oliveira
Isis Abbud
Vitor de Araújo
Avenue Securities
Investment date:
February 2020
Avenue securities is an American broker dealer founded by Brazilians. Its mission is to democratize LatAm investors’ access to the largest financial market in the world, the United States. Avenue facilitates trading of stocks, ETFs and REITs listed on NASDAQ and NYSE, providing integration with foreign exchange services and quick transfers through its exclusive platform.
Founders:
Roberto Lee
Henry Conceição
Hsu Chun
Fabiana Pileggi
Canal da Peça
Investment date:
August 2013
Canal da Peça facilitates the auto parts sales in the aftermarket, by aligning the chain of manufacturers, lesalers and merchants to the digital world.
Founders:
Fernando Cymrot
Vinícius Dias
Conexa Saúde
Investment date:
February 2020
Largest independent telemedicine provider in Brazil with over 80 corporate clients and 4 million lives covered. Conexa’s technology and solutions have been validated by references in the Brazilian healthcare space, including Grupo Notre Dame Intermédica, Omint, Hospital Alemão Osvaldo Cruz, Hospital Infantil Sabará and AC Camargo Cancer Center.
Founders:
Fernando Domingues
Guilherme Weigert
Finpass
Investment date:
February 2018
Finpass is an online marketplace that connects middle-market companies with hundreds of banks and other institutional lenders, strengthening the access to and reducing the cost of credit.
Founder:
Dan Cohen
Hashdex
Investment date:
December 2019
Hashdex is an asset manager focused on the crypto market. Founded in 2018, the company’s mission is to link the financial market to the crypto universe in a simple, safe and regulated way. The company created the HDAI (Hashdex Digital Assets Index), an indicator similar to Ibovespa (BR) and S&P 500 (US) for the cryptocurrency market, and currently has three funds with different exposure levels in this asset class.
Founders:
Marcelo Sampaio
Bruno Caratori
Infra
Commerce
 IPO at B3 
Investment date:
March 2014
Infracommerce is specialized in value connections between brands and people. The Company offers end-to-end e-commerce services with the modular concept, gathering platform, marketing, content, payment, logistics, customer service and business intelligence in three central core competencies: Omnichannel Technology, Marketing & Sales and Operations. Founded in Brazil, currently has operations in some of the major Latin American countries and more than 1,000 professionals. Reference in Full Service, B2C and B2B projects and is responsible for e-commerce of companies such as Ambev, Armani Exchange, Nike, Motorola, Mondelez and Unilever.
Founders:
Kai Schoppen
Emmanuel Guinet
Ricardo de Paola
Paulo Martins
Ingresse
Investment date:
March 2014
Ingresse is the leading tech platform for events in Brazil. Through a proprietary API set, the company provides a delightful experience for its users and comprehensive behavioral data for event organizers through management tools, allowing producers to sell more tickets and retain their audience for longer periods of time.
Founders:
Marcelo Henrique
Gabriel Benarrós
JusBrasil
Investment date:
June 2019
JusBrasil is a lawtech whose mission is to connect people to justice through lawyers and legal information. The company has state-of-the-art technology that selects and makes accessible the main events and informations in the legal environment, making them available on its website completely free of charge.

Also has a feature that connects lawyers all over from Brazil to people in need for legal services, easing access to quality information and granting protection of their rights.
Founder:
Rafael Costa
Labi
Investment date:
October 2019
Labi Exames is employing digital technologies to make lab services affordable to the 160 million Brazilians without health insurance.
Founders:
Marcelo Noll Barboza
Octavio Fernandes
Daniella Sasson
Pet Care
Investment date:
April 2015
Pet Care is a chain of veterinary hospitals whose mission is to offer excellence in medicine care for dogs and cats, focusing on highly complex cases. It offers services such as telemedicine, stem cell laboratory, laboratorial and diagnose centers, among others. In 2012 the company started its expansion project in São Paulo city, having today 4 hospitals in the capital, besides the only Radiotherapy Center in South America, for cancer treatment. In 2018 the company partnered with VCA Inc., the largest veterinary services provider in US and Canada, as a way to scale its services with quality and excellence.
Founder:
Carla Alice Berl
Prontmed
Investment date:
March 2013
Prontmed is an electronic health records platform focused on the medical practice. Customized to each speciality, the patient´s record helps and facilitates the physicians activities.
Founders:
Lasse Koivisto
Wang Sen Feng
Sanar
Investment date:
March 2018
Sanar is a health startup acting 100% online to help students from the medical area, aiming to be the first company to be present in the whole journey of medical doctors and other health professionals. The health stat up has the mission to offer all the tools medical doctors need to become super doctors and has products for each moment of the medical journey, since university to specialization. Today, the start up has clients in over 5K Brazilian cities and 7 other countries such as Argentina, Paraguay, Bolivia and Portugal.
Founders:
Ubiraci Mercês
Maurício Lima 
Leandro Lima 
Caio Nunes
Percursa
Investment date:
May 2021
Curseria is a “Masterclass-like” platform offering online courses taught by celebrities and highly recognized experts in their fields. Curseria instructors’ base has +35 top-notch names, including Jun Sakamoto, Bela Gil, Alex Atala, Pedro Bial, Galvão Bueno, Mauro Naves, Felipe Bronze, Henrique Fogaça. The company enjoyed a head start to assemble a stellar instructor portfolio and crystalize itself as the reference for “edutainment”. Curseria was founded by Danilo Basso, Celso Ribeiro and Cassiano Barletta, a strong team that previously created and grew BR Media Group, a leading influencer agency, into a huge business.
Founders:
Danilo Basso, Celso Ribeiro and Cassiano Barletta
Axenya
Investment date:
July 2021
Axenya is a consumer-facing digital health platform focusing on patients with chronic conditions.
Axenya was founded by Mariano Garcia together with a top-notch team with a combined experience of over 100 years in healthcare in Latin America.
Founders:
Mariano Garcia
EmCasa
Investment date:
July 2021
EmCasa is an innovative, fast-growing digital real estate brokerage player. It leverages on tech-enabled features and on a novel approach to real estate agents to deliver a superior customer experience while retaining higher contribution margins. The Company was founded by Gustavo Vaz, Lucas Cardozo and Gabriel Laet. Gustavo is the Company’s CEO and holds an MBA from Harvard Business School.
Founders:
Gustavo Vaz, Lucas Cardozo and Gabriel Laet
Logcomex
Investment date:
August 2021
Logcomex is a fast-growing SaaS market intelligence platform for international trade data, responsible for the digital transformation of ports and customs facilities and logistics operators such as cargo agents, shipowners and airlines.
Company was founded by Helmuth Hofstatter and Carlos Souza, a strong team with 10+ years of experience in the segment, who are highly operations-oriented and have delivered a seamless execution since inception.
Founders:
Helmuth Hofstatter and Carlos Souza
CRM&Bonus
Investment date:
October 2021
CRM&Bonus is a SaaS platform focused on CRM and giftback solutions for Brick & Mortar and online retailers. The company has a +500 clients’ portfolio (inc. Vivara, Richards, Osklen, Nike, Adidas, Arezzo and Grand Cru) and presence in +7.5k stores.
CRM&Bonus was founded by Alexandre Zolko, a seasoned entrepreneur with +20 years of retail experience and a prolific entrepreneurial track record
Founders:
Alexandre Zolko
Klubi
Investment Date: April 2021

Tklubi is a fintech that promotes financial inclusion for people with limited access to credit, which corresponds to the majority of the population in developing markets. Klubi sells consortium, a financial product regulated by the Central Bank of Brazil. The consortium industry represents a huge market (R$220B+ in 2021), which is still growing a lot (20%+ year on year), dominated by large financial institutions that, as a rule, do not offer the best service, opening up space for disruption.

The company was founded by Eduardo Rocha (CEO), who has 10 years of experience in this industry. Before founding Klubi, Eduardo was the CEO of Rodobens for 8 years and a Consultant at Gradus for 11 years.


Founders:
Eduardo Rocha
Condo Conta
Investment Date: October 2021

CondoConta is a fast-growing fintech that offers banking and billing solutions, as well as financial products for residential and commercial condominiums.

Founders:
Rodrigo Della Rocca
Marcelo Cruz
Rafael Costa
Dattos
Investment Date: February 2022

Dattos is focused on automating processes of financial reconciliation and accounting. the software replaces manual controls (typically, excel-based process with inputs extracted from several ERPs and systems), ensuring compliance, and enabling significant cost reduction. Proceeds will be used for go-to-market, product development and strengthening the team.

Founders:
Guilherme Pessoa
Axur
Investment Date: Julho 2023

Axur is a cybersecurity B2B SaaS that protects clients from trademark / product misuse (Digital Risk Protection Service – DRPS) in external environments (e.g., social media, marketplaces, app stores, deep web, etc.). Monitored threats include fraudulent brand use, data leakage, online piracy (unauthorized sales and distribution), mentions in deep & dark web and exposure of executives’ personal information.

Founders:
Fabio Ramos
Selected Exits
Trybe
Exit
Investment date:
August 2019
Trybe is a software development school that is fully committed to the success of its students, who only pay when they land a high paying job.
Founders:
Matheus Goyas
João Daniel Duarte
Claudio Lensing
Rafael Torres
Marcos Paulo Moura
BCredi
Exit
Investment date:
December 2018
Bcredi is Brazil’s leading end-to-end platform for real estate-backed credit products. Besides offering a 100% online and user friendly process, through a proprietary white-label credit solution (“credit-as-a-service”), connects and monetizes partner’s relationship with their own clients.
Founder:
Maria Teresa Fornea
Vérios
Exit
Investment date:
March 2018
Vérios is the largest robo-advisor platform in Brazil, providing individual, cost-competitive financial advice for thousands of retail and mass affluent clients.
Founder:
Felipe Sotto-Maior
App Prova
Exit
Investment date:
January 2015
AppProva enhances learning performance by providing students with mobile apps and tools to help them to practice and study anywhere, anytime. AppProva helps teachers to optimize their routines with practice, testing and correction tools, helping them to save more time for class practice. School and network managers can then use reports on students, teachers and school performance to understand and plan corrective and improvement action plans. AppProva was acquired by Somos Educação in March, 2017.
Founders:
Jorge Cascardo
Rafael Torres
João Daniel Duarte
Bruno Fonseca
João Gallo
Fernanda Moraes
Matheus Goyás
Rafael Luiz Santos
eÓtica
Exit
Investment date:
August 2013
eÓtica is the largest online optical store in Brazil, providing both glasses and contact lenses. eÓtica sells famous brands and private brands at competitive prices. eÓtica was acquired by Essilor.
Founders:
Eduardo Baek
Bruno Ballardie
ERP Flex
Exit
Investment date:
August 2015
ERPFlex offers a robust cloud-ERP solution targeted at SMB companies, with a complete set of features (both for backoffice and operations) while being very flexible and open to customization.
Founders:
Ernesto Haberkorn
Gustavo Beserra
Me Salva!
Exit
Investment date:
February 2015
Me Salva! is an educational platform focused on high performance learning for high school students.
Founder:
Miguel Andorffy
Rock Content
Exit
Investment date:
September 2012
What started as a back-of-the-napkin business idea in 2013 would become the largest content marketing solution and service provider in Latin America. With the acquisition of ScribbleLive, Rock Content is now a global enterprise with over 500 employees, six offices, and 2,000 customers.
Founders:
Vitor Peçanha
Edmar Ferreira
Diego Gomes
Contabilizei
Investment date:
October 2016
Contabilizei is the largest accounting firm in Brazil, combining a solid team of professionals with efficient software to save small and micro businesses’ time and money. The company seeks to democratize the access to accounting services so that micro and small businesses owners can comply with tax filings requirements using a simple and efficient accounting service.
Founders:
Fabio Bacarin
Vitor Torres
Liber Capital
Investment date:
October 2017
Liber Capital is a platform that enables reverse factoring to be executed in a simple, safe and fast way for suppliers of large and mid-size enterprises.
Founders:
Eduardo Donadi Neto
Victor Stabile
bxblue
Exit
Investment date:
February 2017
bxblue is an online payroll lending marketplace fully integrated with banks that allows public sector workers and pensioners to compare rates and get credit approval in minutes.
Founders:
Gustavo Gorenstein
Fabricio Buzeto
Roberto Braga
DrJONES
Exit
Investment date:
October 2020
Dr Jones is a grooming startup that sells shaving equipment and men’s personal care products directly to its consumers via its website.
Founders:
Guilherme Campos
Andre Popoutchi
Our Team
Pedro Sirotsky Melzer
Co-Founder & Managing Partner
Pedro has more than 10 years of experience in Venture Capital, initiating in 2010 as founder and managing partner of Warehouse Investimentos, a VC firm. Before that, Pedro worked at Apple Online Store based in Cupertino (US) for three years as World Wide Revenue Manager and early in his career, was an entrepreneur in the retail segment in Brazil. Pedro holds an MBA from Kellogg School of Management.
Marcio Trigueiro
Managing Partner
Marcio has more than twenty years of consulting, investment and operational experience. After concluding his MBA, Marcio joined GP Investments in which he spent a total of 15 years leading investments and participating in boards in several companies. In 2011, he moved towards an operating role after leading the acquisition of Sascar, a cloud-based SaaS fleet management player, where his leadership was instrumental for the Company's growth that after three years led towards a strategic sale for more than US$700 million. Marcio was also the CEO of PDG.

He holds a B.S. in Mechanical-Aeronautical Engineering from the Instituto Tecnológico de Aeronáutica and an MBA from Harvard Business School.
Thiago Maluf
Managing Partner
Thiago has more than 14 years of experience as a Venture Capital and  Private Equity manager. Since joining Igah Ventures in 2017, Thiago has been responsible for closing several investments and serving as a board member to portfolio companies including Conexa, Infracommerce and Ambar. Having previously worked at TPG Capital, TPG Growth, Kinea Investimentos e AIG Investments in Brazil, he participated in the sourcing, execution, monitoring and divestment of several investments by those firms. Thiago is a Kauffman Fellow, holds an MBA with Honors from the University of Chicago Booth School of Business, with concentrations in finance, economics and entrepreneurship, and holds a B.B.A. from Fundação Getúlio Vargas (FGV-EAESP) in São Paulo, Brazil
Camila Sangali
Managing Partner
Camila joined Igah Ventures in 2018 and has 4 years of investment experience (Private Equity and Venture Capital). Prior to Igah, Camila spent 6 years as an investment banker at Morgan Stanley and Olimpia Partners, and 2 years as a private equity manager at AIG and Equity Int'l. Camila also worked at Somos Educação, the largest K12 education company in Brazil, where she was responsible for the acquisition and integration of EdTech start-ups. Camila holds a B.B.A. from FGV-EAESP and an MBA with high honors from the University of Chicago Booth School of Business.
José Maria Gadanha
Operating Partner
Gadanha was the founder of Open Concept, the leader in software solution and processes development for financial institutions and bureaus. After the acquisition by TIVIT, Gadanha acted as COO for 5 years and is currently board member. Since 2012, Gadanha has worked as a consultant, advisor and board member of companies in the financial service and technology industries with focus in corporate development and M&A. Gadanha is an engineer from FEI and holds post-baccalaureate in Business from FGV.
Mateus Poleselli
Associate
Mateus has joined Igah Ventures in 2019. Prior to that, he worked in Investment Banking at Citi, participating in the execution of several M&A and ECM transactions, and in Private Equity at BR Partners, executing middle-market transactions in different sectors. Mateus holds a bachelor's degree in Business Administration from FEA-USP.
Alexander Guimarães
Associate
Alexander joined Igah Ventures in 2020 and has 2 years of investment experience in Private Equity. Prior to Igah, Alexander worked at the Private Equity of Patria Investimentos, acting on prospection and execution of new investment thesis. Alexander started his career in investment banking, having more than 5 years of experience executing M&A transactions in different sectors. Alexander holds a bachelor's degree in Economics from Insper.
Statements
News

Igah investe na Axur em primeiro aporte após venda para o Pátria

26/07/2023

Para Pedro Melzer, da Igah: muito dinheiro nem sempre é saudável para uma startup

31/03/2023

O perfil de startups que conseguem investimentos mudou; veja o que funciona

07/03/2023

A Dattos quer substituir o Excel. A Igah e a ABSeed investiram na ideia

23/02/2023

Pátria compra Igah e dobra valor de novo fundo

04/01/2023

Klubi levanta R$ 30 milhões em rodada com aporte do Vivo Ventures

04/01/2023

Igah Ventures prepara fundo de US$ 150 milhões: ‘Próximos 2 anos serão os melhores’

05/10/2022

A Conexa Saúde – a líder em telemedicina no Brasil – acaba de levantar R$ 200 milhões numa rodada liderada pela Goldman Sachs Asset Management que vai financiar os planos da startup de expandir sua oferta de produtos.

27/06/2022

Na Igah, algumas questões e várias respostas para a "crise" das startups

09/06/2022

SoftBank Backs Brazilian Venture Capital Firm Igah in New Fund

05/02/2021

bxblue receives a R$38 million investment to advance in the payroll loan market (Portuguese)

27/01/2021

Creditas buys Bcredi to advance in real estate credit (Portuguese);

05/01/2021

Arezzo buys Reserva and opens growth avenue (Portuguese);

23/10/2020

With new round, Dr. Jones wants to lather up with sharp marketing

05/10/2020

Neither e.bricks, nor Joá. The firms joined forces and now are called Igah Ventures (Portuguese)

22/09/2020

General Atlantic, Softbank invests R$580 million in Acesso Digital… (Portuguese)

21/09/2020

He resigned from Apple to invest in startups in Brazil (Portuguese)

17/09/2020

Conexa Saúde attracts General Atlantic, Fraga Family and e.Bricks. (Portuguese)

25/06/2020

Itaú’s bicycles Tembici raises a US$ 47 million investment (Portuguese)

03/06/2020

Avenue, Acesso Digital and Conexa Saúde negotiate investment rounds of more than R$100 million each (Portuguese)

11/05/2020

e.bricks ventures invests in telemedicine company Conexa Saúde (Portuguese)

18/02/2020

Acesso Digital receives a R$40 million investment from e.Bricks (Portuguese)

24/01/2020
News

Igah investe na Axur em primeiro aporte após venda para o Pátria

26/07/2023

Para Pedro Melzer, da Igah: muito dinheiro nem sempre é saudável para uma startup

31/03/2023

O perfil de startups que conseguem investimentos mudou; veja o que funciona

07/03/2023

A Dattos quer substituir o Excel. A Igah e a ABSeed investiram na ideia

23/02/2023

Pátria compra Igah e dobra valor de novo fundo

04/01/2023

Klubi levanta R$ 30 milhões em rodada com aporte do Vivo Ventures

04/01/2023

Igah Ventures prepara fundo de US$ 150 milhões: ‘Próximos 2 anos serão os melhores’

05/10/2022

A Conexa Saúde – a líder em telemedicina no Brasil – acaba de levantar R$ 200 milhões numa rodada liderada pela Goldman Sachs Asset Management que vai financiar os planos da startup de expandir sua oferta de produtos.

27/06/2022

Na Igah, algumas questões e várias respostas para a "crise" das startups

09/06/2022

SoftBank Backs Brazilian Venture Capital Firm Igah in New Fund

05/02/2021

bxblue receives a R$38 million investment to advance in the payroll loan market (Portuguese)

27/01/2021

Creditas buys Bcredi to advance in real estate credit (Portuguese);

05/01/2021

Arezzo buys Reserva and opens growth avenue (Portuguese);

23/10/2020

With new round, Dr. Jones wants to lather up with sharp marketing

05/10/2020

Neither e.bricks, nor Joá. The firms joined forces and now are called Igah Ventures (Portuguese)

22/09/2020

General Atlantic, Softbank invests R$580 million in Acesso Digital… (Portuguese)

21/09/2020

He resigned from Apple to invest in startups in Brazil (Portuguese)

17/09/2020

Conexa Saúde attracts General Atlantic, Fraga Family and e.Bricks. (Portuguese)

25/06/2020

Itaú’s bicycles Tembici raises a US$ 47 million investment (Portuguese)

03/06/2020

Avenue, Acesso Digital and Conexa Saúde negotiate investment rounds of more than R$100 million each (Portuguese)

11/05/2020

e.bricks ventures invests in telemedicine company Conexa Saúde (Portuguese)

18/02/2020

Acesso Digital receives a R$40 million investment from e.Bricks (Portuguese)

24/01/2020
Get in Touch
Be part of Igah, Ventures.
If you are an Investor or an Entrepreneur and want to join Igah, get in touch with us:
Av. Cidade Jardim, 803 - 8° Andar - Itaim Bibi
CEP: 01453-000, São Paulo-SP - Brasil
+55 11 3050-0755

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