🦊/Investors

Canary

Venture capitalActively deploying

Sao Paulo · Pre-Seed–Seed · 8 people tracked

Also known as Canary Anchors · Canary Founders · Canary Operators · CNRY MANAGEMENT COMPANY LTDA.

Find your way into Canary

2,650 people in our graph share verified history with the Canary team — schools, employers, funds. One of them is your warm intro.

Aydin Senkutunlockedknows Patrick De Picciotto · together at The Wharton School (overlapped)
×2knows the team · via Goldman Sachs
knows the team · via Morgan Stanley
×5knows the team · via The Wharton School
knows the team · via Harvard University
knows the team · via HSBC
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Investment thesis

Early-stage investor with a systematic 40+ criteria framework, an entry point for global funds to LATAM; runs JetPack offering $50k, office space and operational support to first-time founders abroad.

Invests inSector AgnosticColombiaLatin AmericaMexicoSao Paulo

Source: firm website, verified Sep 15, 2026.

Stage
Pre-Seed–Seed
Check
$250K – $15M
HQ
Sao Paulo, BR
Leads rounds
Leads
Instruments
Equity
Founded
2016
Last 12 months
4 investments
Private fund assets
$393M
VC funds
11
Tracked investments
40
Acquisitions
2

Team · 8 people

from curated & public directories
Marcos de Toledo Leite· General Partner
Filipe Portugal· Partnerin𝕏
Izabel Gallera· Partnerin
Marcos Toledo· Managing Partnerin

Founder mafia

2 people who came through Canary went on to found or lead other companies.

What they invest in

from 34 of 40 portfolio companies

AI & Machine Learning ×15Fintech ×12SaaS ×11Digital Health ×6Healthtech ×6HR Tech ×6Consumer ×4E-commerce ×4

HQs:Brazil×23United States×4Colombia×1Mexico×1Uruguay×1

Investments · 40 tracked

founders shown can be your intro path

By year:2026 · 22025 · 42024 · 22023 · 12022 · 32021 · 42020 · 218 dated

Compcomp.vcinFeb 2026 · $17.3M✓ verified

Comp embeds senior HR executives and AI engineers into a client's team to redesign people policies and processes and build custom AI tools and agents for HR.

AI & Machine LearningFuture of WorkHR TechFrei Paulo, BR

Pedro Bobrow(Founder)inChristophe Gerlach(Founder)in

Co-investorsKhosla VenturesAbstract VenturesEndeavor Catalyst

Comptrycomp.ioinFeb 2026 · $17.3M✓ verified

Comp embeds senior HR executives and AI engineers into a client's team to redesign people policies and processes and build custom AI tools and agents for the HR function.

AI & Machine LearningFuture of WorkHR Tech

Co-investorsKhosla VenturesNorte VenturesRecall CapitalAbstract VenturesEndeavor Catalyst

Arvoarvoai.cain𝕏Sep 2025 · $20M

Arvo AI builds Aurora, an open-source (Apache 2.0) AI agentic tool for incident management and root cause analysis aimed at Site Reliability Engineers.

AI & Machine LearningCloud ComputingDeveloper Tools

Damian Loch(Founder)in

Co-investorsFront Row VenturesPanache VenturesBase10 PartnersK50 Ventures

Axenyaaxenya.cominAug 2025 · $12M

Axenya offers an integrated corporate health benefits platform for companies, combining brokerage, digital backoffice, advanced analytics with AI, and clinical navigation in a single operation.

AI & Machine LearningDigital HealthInsurTech

Co-investorsAlexia Venturesbig_betsNXTPZentynel

Bullcredtechbullcredtech.comin

Bull is a modular, white-label lending platform that lets companies offer "Crédito do Trabalhador" (Brazilian worker payroll credit) to their existing customer base, bundling credit technology, risk management, and operations from origination to collections.

FintechSaaS

Juliana Freitas(Founder, CEO)José Neto(Founder, CEO)Breno Costa(Co-founder, CDO)

Cajucaju.com.brin𝕏

Caju offers a single platform for Brazilian companies to manage employee benefits (including CLT, PAT and flexible benefits), corporate expenses via a card and app, and HR/people processes.

FintechHR TechSaaSNorfolk, US

Eduardo del Giglio(Founder)inGiglio(Founder)Renan Mendes(Co-Founder & CTO)inEduardo Braz del Giglio(Director)inChristian Grant(Director)Lucas Boiteux Amoroso Lima(Director)

Co-investorsClocktower VenturesOnevc Venture Partners LlcPICUS CAPITALValor Capital GroupGrotech VenturesK1 Investment Management

Capimcapim.com.brin

Capim is a dental practice management platform for dentistry clinics in Brazil, combining clinical management (scheduling, patient records, WhatsApp automations) with financial tools such as patient treatment financing, credit issuance, and payment processing.

FintechHealthtechSaaSSao Paulo, Sp, BR

Marcelo Marinho Lutz Pereira da Silva(Executive Officer, Director)Roberto Biselli(Founder)in

BoardMike Packer(Director)inCarlos Costa(Director)in

Co-investorsNXTPOnevc Venture Partners LlcQED InvestorsValor Capital GroupActyusSaison Capital

Carbonextcarbonext.com.brin

Carbonext develops forest conservation and restoration projects in the Brazilian Amazon, including REDD+ carbon credit programs that keep forests standing while funding community development, jobs, and training.

CleantechClimate TechImpact & Social Good

Janaina Dallan(Founder)inLuciano Corrêa da Fonseca(Founder)in

Co-investorsNorte VenturesAlexia Ventures

Clara.Comclara.com.brin𝕏

Clara is a spend management platform combining corporate cards, expense automation, accounts payable, and digital banking in one AI-driven system for businesses.

AI & Machine LearningFintechSaaS

Clubbiclubbi.com.brJun 2022 · $12M

Clubbi operates a business-to-business online marketplace for fast-moving consumer goods in Latin America.

Joao Macedo(Founder)in

Co-investorsCapria VenturesNFXValor Capital GroupALLVPBetter Tomorrow VenturesHi Ventures+2 more

Cobrecobre.coin𝕏

Cobre operates a payments platform for businesses in Latin America, offering local instant payments in Colombia and Mexico, cross-border payments, bank account aggregation, and stablecoin on-ramp/off-ramp and payouts over its own infrastructure.

Crypto & Web3Enterprise SoftwareFintechBogotá, CO

Felipe Gedeon(Cofundador y CRO)inJose V. Gedeon(Cofundador y CEO)inAlberto Chejne(Cofundador, Director de Segmento Financiero)inJose Donato(Cofundador y CTO)in

Co-investorsKaszek VenturesMarathon VenturesOak HC/FTQED Investors

Docketdocket.com.brin

Docket IA is a document automation platform that uses artificial intelligence to analyze legal documents—such as contracts, petitions, and reports—and extract relevant information.

AI & Machine LearningLegalTechSaaS

Rodrigo Lopes(Founder)inPedro Roso(Founder)in

Co-investorsValor Capital GroupElevate VenturesIU VenturesKaszek VenturesMaven VenturesOnevc Venture Partners Llc+1 more

Dojidoji.com𝕏Nov 2021 · $3M

Doji is a mobile app that lets users virtually try on designer fashion.

AI & Machine LearningConsumerRetail TechNew York City, US

Jim Winkens(Founder)indorian dargan(Founder)in

Co-investorsDria VenturesSeven Seven SixThrive Capital

FestaLabfestalab.com.brinMay 2020 · $1.5M

FestaLab is a Brazilian online platform for creating and sharing digital event invitations, letting users edit invitation templates, share via WhatsApp, manage RSVPs, and add gift lists.

ConsumerE-commerceSaaS

Co-investorsbig_betsNorte VenturesTheVentureCityAtlantico

Gupygupy.ioin

Gupy is a Brazilian HR platform that uses AI agents to cover the full employee journey — recruitment, digital onboarding, corporate learning, engagement/climate monitoring, and performance management.

AI & Machine LearningHR TechSaaS

Co-investorsSoftbank Latin America FundValor Capital GroupYellow VenturesEndeavor CatalystMAYA CapitalMAYA Capital Ventures+1 more

Hashdexhashdex.com.brin𝕏

Hashdex offers exchange-traded products focused on cryptocurrency investments, including ETFs tracking the Nasdaq CME Crypto Index and Bitcoin.

Crypto & Web3Fintech

Co-investorsAlexia VenturesValor Capital Group

Henthent.com.brinJun 2020Acquired

A platform that automates receivables management and collection for construction and real estate companies, handling invoice distribution, payment tracking, interest calculation, and contract closeouts through email, SMS, and WhatsApp.

FintechPropTechSaaSRecife, BR

David Aragao(Founder)inThiago Diniz(Founder)inLeo Pinho(Founder)in

Co-investorsY Combinator

Kalakala.techinApr 2023 · $4M

Kala is a fintech offering payroll-deduction ("libranza") loans through a fully digital application process supported by independent advisors.

Fintech

Manuel Aleman(Founder)in

Co-investorsStartups99 StartupsCometa

Kalakalacredito.comin

Kala is a fintech offering payroll-deduction (libranza) loans through a fully digital application process supported by independent advisors.

ConsumerFintech

Co-investorsClocktower Ventures99 StartupsCometa

Lastrolastro.coinSep 2025 · $16M

Lastro is the creator of Lais, an artificial intelligence assistant built for the Brazilian real estate market that engages and qualifies leads and automates customer interactions.

AI & Machine LearningPropTechSaaS

Allan Paladino(Founder)in

Co-investors1Sharpe VenturesQED InvestorsFJ LabsProsus VenturesQED

Lexter.ailexter.aiinApr 2024 · $3.2M

Lexter develops a large language model tailored for legal work in Brazil and serves major law firms in the country.

AI & Machine LearningEnterprise SoftwareLegalTechSão Paulo, BR

Pedro Jahara(Founder)inPedro Calderon(Founder)inGuilherme Delai(Founder)inLucas Kawazoi(Founder)in

Co-investorsAlexia VenturesNorte VenturesY CombinatorEndeavor Scale-Up

Marvinmeetmarvin.cominMar 2021

Marvin provides mental health and well-being support for healthcare employees, combining input from therapists, academic researchers, data scientists, and clinical operations leaders.

AI & Machine LearningDigital HealthHealthtechMental HealthSan Marino, US

John Bracaglia(Executive Officer, Director)in

Co-investorsCanvas VenturesDesigner FundAPOLLO PROJECTSCanaan PartnersFuel CapitalGaingels+5 more

Oya Careoya.careinFeb 2022

Oya Care operates women's health clinics in São Paulo offering in-person and online gynecological consultations, exams, procedures, egg freezing, and surgeries, paired with a digital platform to manage appointments, exams, and medical history.

Digital HealthFemTechHealthtechGrand Cayman, BR

Stephanie von Staa Toledo(Executive Officer, Director)

Co-investorsFloating PointSusa Ventures

Plennasoyplenna.com

Plenna is a women's health clinic offering virtual and in-person gynecological, pregnancy, psychological, nutritional, and specialized medical services through an integrated healthcare platform.

Digital HealthFemTechHealthtechMexico City, MX

Lorena Ostos(Founder & CEO)inGiovanna Abramo DelgadoLorena Ostos Rangel(Director)

Co-investors500 GlobalAmador HoldingsCollaborative FundIntegra GroupeNazcaNew Ventures Capital+5 more

Qulture.Rocksqulture.rocks𝕏Acquired

Qulture.Rocks provides software for managing personnel, organizational goals, and workplace culture at startups and growth-stage companies.

Enterprise SoftwareHR TechSan Francisco, US

Francisco Homem de Mello(Founder/CEO)in

Co-investorsFundersClubY Combinator

R2Ur2u.io

R2U builds immersive 3D and augmented-reality experiences for selling real estate and retail products, including virtual staged apartments, holographic building models, 3D renders, and browser-based product visualizers and configurators, with support for Apple Vision Pro.

E-commercePropTechRetail TechSão Paulo, BR

Robbinrobbin.com.brin

Robbin provides embedded B2B financing that lets industrial companies originate sales and finance their distribution networks off-balance-sheet, with reseller payments in installments while the manufacturer is paid upfront and without default risk.

AI & Machine LearningB2B MarketplacesFintech

Leonardo Moura, CFA(Founder)inHenrique Meyer, CFAin

Co-investorsNorte VenturesAtlantico

Sallvesallve.com.br𝕏

Sallve is a Brazilian skincare and cosmetics brand that sells products directly to consumers, including a lip renewal mask.

ConsumerDirect to ConsumerE-commerceSão Paulo, BR

Co-investorsAstellaKaszek VenturesAtlanticoEndeavor CatalystQuartzWaldencast

Skorebraziljournal.comin𝕏

Brazil Journal is a Brazilian business and finance news outlet publishing articles, podcasts, and sponsored content covering companies, markets, investments, and the economy.

Media & Entertainment

Co-investorsAstella

Strikestrike.shinApr 2025 · $13.5M

Strike provides an AI-powered vulnerability management and attack simulation platform for enterprises to identify and remediate security risks.

AI & Machine LearningCybersecurityDefense TechEnterprise SoftwareSaaS

Santiago Rosenblattin

Co-investorsCarao VenturesLatitud VenturesNXTPFinTech CollectiveFJ LabsGalicia Ventures+1 more

Telepatia AItelepatia.aiin

Telepatia provides AI-powered tools for medical documentation and clinical decision support in Latin America, including real-time clinical note generation, evidence-based recommendations for physicians, healthcare system integration, and business intelligence for clinical operations.

AI & Machine LearningDigital HealthHealthtechSão Paulo, BR

Nicolas Abad(Founder)inDigital Health Healthtech Nicolas Abad(Founder)Tomás Giraldo Hinestroza(Co-Founder (medical / CMO))in

Co-investorsAbstract VenturesAndreessen HorowitzNido VenturesPICUS CAPITALSV Angel

TerraMagnaterramagna.com.brinJan 2022

TerraMagna provides credit and financing to agricultural input distributors, offering short- and long-term credit lines and a dedicated investment fund for the agribusiness sector.

AgTechFintech

Co-investorsAccionSoftbank Latin America FundAccion Venture LabMAYA CapitalMAYA Capital VenturesMilenio Capital+2 more

Umeume.com.brin

Ume provides a platform for businesses to create, operate and scale their own financial products, including digital credit cards, transactional credit for large purchases, and personal loans.

FintechRetail TechSaaS

Theo R.(Founder)inBerthier Ribeiro(Founder)in

Co-investorsbig_betsClocktower VenturesNFXNorte VenturesValor Capital GroupCredit Saison+2 more

Yunayuna.ioinMay 2024 · $1.6M

Yuna is an AI-powered wellness coach designed to help users manage stress, improve mood, and develop emotional resilience through evidence-based psychological techniques.

AI & Machine LearningDigital HealthHealthtechHR TechMental HealthWellness & Fitness

Grant Winns(Co-Founder & CEO)in

Co-investorsStone Mountain VenturesPositive Ventures

Zakzak.appNov 2021 · $15M

Brazilian all-in-one restaurant management platform combining point-of-sale, back-office tools and payment processing.

Co-investorsMONASHEESValor Capital GroupTiger Global Management

ZAXzaxapp.com.brinOct 2021 · $6M

ZAX is a mobile app-based B2B marketplace connecting fashion retailers with over 1,000 wholesale clothing suppliers from São Paulo districts such as Brás and Bom Retiro.

B2B MarketplacesE-commerceRetail Tech

Co-investorsAllievo CapitalFlucas VenturesNorte VenturesAtlanticoCaravela CapitalFJ Labs

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

KartaMediacaonlineSquadTelepatia

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Canary made?
Canary has 40 tracked investments, 2 of which have exited, including 6 dated in the last 24 months.
What stage does Canary invest at?
Canary invests at the Pre-Seed, Seed stages.
What is Canary's typical check size?
Canary typically writes checks of $250K – $15M.
What sectors does Canary focus on?
Canary focuses on Sector Agnostic.
Where is Canary located?
Canary is headquartered in Sao Paulo, BR.
Does Canary lead rounds?
Yes, Canary leads investment rounds.
Who does Canary co-invest with?
Canary most often shares deals with Norte Ventures, Astella, Clocktower Ventures, among 8 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Izabel Gallera (Canary) on getting to conviction in early stage investing and pattern recognition

The Enthusiast: Founders & VCs Beyond the Valley · Izabel Gallera

Poli Angels: I'm a VC com Marcos Toledo (Canary)

Poli Angels · Marcos Toledo

Images

Canary photo

Co-investors · 53

Atlantico

Atlantico is a venture capital firm that backs founders building companies in Latin America and beyond, and publishes annual reports on the region's digital transformation.

$100K – $5M
FJ Labs

FJ Labs is an early-stage investment firm specializing in marketplaces and network-effect businesses, taking an angel-style co-investment approach alongside institutional venture funds worldwide.

Both backed · 3
$100K – $3M
QED Investors

QED Investors is a venture capital firm focused on financial services, founded by former Capital One executives to back founders bringing transparency and fairness to fintech.

Both backed · 3
$30K – $25M
Kaszek Ventures

Kaszek is an investment firm run by tech entrepreneurs that partners with founders across Latin America, providing capital along with hands-on expertise in strategy, operations, team-building, growth, technology, and fundraising.

Both backed · 3
big_bets

Big Bets is an early-stage investor that partners with founders of software-intensive startups from day one, working closely alongside entrepreneurs to help build large next-generation technology companies.

Both backed · 3
$300K – $2M
PICUS CAPITAL

Picus Capital is a privately financed venture capital investor focused on early-stage technology ventures, having backed over 170 companies with a long-term, entrepreneur-aligned approach.

Both backed · 2
$100K – $300M
Latitud Ventures

Latitud is an early-stage investor and community platform connecting Latin American startup talent with Silicon Valley, including a Fellowship program for founders.

Both backed · 2
$100K – $5M
Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

Both backed · 1
$500K – $50M
Khosla Ventures

Khosla Ventures is a venture capital firm founded by Vinod Khosla.

Both backed · 1
$5K – $50M
Tiger Global Management

Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.

Both backed · 1
$1M – $100M
Global Founders Capital

Global Founders Capital (GFC) is the global venture capital platform of Rocket Internet, investing early and across sectors in fast-growing technology companies.

Both backed · 1
$637K – $32M
Better Tomorrow Ventures

Better Tomorrow Ventures (BTV) is an early-stage venture firm focused on fintech startups, run by experienced operators who provide hands-on support beyond capital.

Both backed · 1
$500K – $4M
41 more co-investors

MONASHEESNazcaALLVPSequoia CapitalFounders FundLightspeed Venture PartnersNotable CapitalUnknown VenturesEverywhere VenturesDST GlobalPlug and Play VenturesGradient VenturesFifth WallCaffeinated CapitalSoma CapitalHomebrewAwesome People VenturesHaun VenturesQualcomm VenturesDecibel PartnersFlourish VenturesMulticoin CapitalGraph VenturesSeed Club VenturesDivergenceAmbush CapitalSID Venture PartnersMagma PartnersVariant FundSaaSholicGnosis DAOalboFounderPartnersNewMont Venturesalpha4 venturesDux CapitalLevel VenturesJiveworldTokai VenturesGrupo AluraSV Latam Fund

Firms observed investing alongside Canary, from public investor directories. Shared companies are the overlap with Canary's recorded portfolio.

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